Current:Home > InvestThe man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth -AssetScope
The man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth
View
Date:2025-04-17 05:57:52
When Peter Ueberroth began recruiting Olympic volunteers in a meeting before the 1984 Games in Los Angeles, he made a harsh promise to the Americans vying for an opportunity to assist in the ascension of the U.S. as a sports business powerhouse.
“He said ‘Ladies and gentlemen, I promise you three things: long hours, no pay and guaranteed termination,’” said U.S. Olympic Committee board member John Naber. “At that time in the Olympic movement, that was the message we needed to bring.”
Ueberroth proved to be the catalyst in setting a precedent for the future of the Games and reinvigorated the Olympic movement with the ascendance of Los Angeles as an international sports hub of endless possibilities. The acquiring and financing of the Games coupled with the surplus of revenue produced through sponsorships proved vital in the elevation of the 1984 Games as a staple in modern American sports history.
Now 86, Ueberroth was unable to be interviewed, a spokesman said. But an innovator in the international Olympic evolution, Ueberroth organized the first-ever privately funded operation of the Games in Los Angeles, allowing for new infrastructure, new relationships with major sponsors and attractive television deals to galvanize a new era in the Los Angeles sports realm.
“Essentially, Los Angeles didn’t have to pay for any of the very few new facilities. Los Angeles was clearly 40 years ahead of its time,” said Olympic sports specialist Philip Hersh. “Despite the fact that the International Olympic Committee never gave [Peter] Ueberroth enough credit for it, he came up with a plan that led to private financing of the Olympics.”
Ueberroth placed increased importance on surplus revenue and created the patron program, an initiative designed for wealthy donors to pick the finest events, seats and venues to spectate the Games for an expensive price.
The program allowed for Ueberroth to use that additional revenue to purchase tickets for underprivileged children who couldn’t afford to buy passes due to expensive rates.
“The kids who couldn’t afford to buy tickets were given free passes courtesy of the generosity of the wealthy who wanted to sit in the luxury box,” Naber said.
In an effort to directly connect athletes with sponsors, Ueberroth, who became the sixth Major League Baseball commissioner in October of 1984, believed in the notion of athletes amplifying their profiles via television news stations such as ABC, allowing for more reach in competitors obtaining sponsorships and notoriety throughout the games.
“That was a big turning point in the world of sports, period,” said Edwin Moses, gold medalist in the 400-meter hurdles in the ’76 and ‘84 Olympic Games. “If you look at basketball, football, soccer, all of those sports today really have followed that model. That was one of the big off-the-track enterprises that [Peter] Ueberroth really made possible.
“An athlete’s athlete, he believed in the power of sports and the power of sports melded with business.”
veryGood! (46)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- Tropical Storm Debby to move over soggy South Carolina coast, drop more rain before heading north
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Populist conservative and ex-NBA player Royce White shakes up US Senate primary race in Minnesota
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- 'Her last jump of the day': Skydiving teacher dies after hitting dust devil, student injured
- IOC's decision to separate speed climbing from other disciplines paying off
- 'I am sorry': Texas executes Arthur Lee Burton for the 1997 murder of mother of 3
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Membership required: Costco to scan member cards, check ID at all locations
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
'Finally:' Murdered Utah grandmother's family looks to execution for closure
McDonald's taps into nostalgia with collectible cup drop. See some of the designs.
Most popular books of the week: See what topped USA TODAY's bestselling books list
Hunter Biden was hired by Romanian businessman trying to ‘influence’ US agencies, prosecutors say
USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
Team USA's Katie Moon takes silver medal in women's pole vault at Paris Olympics