Friendship, solidarity, and fair play are the watchwords for this sports organization. United States Olympic Committee (USOC) is the governing body of the Olympic movement in the US and oversees the organization, selection, and training of the country's Olympic athletes and teams. The not-for-profit organization operates six training and education centers around the country where athletes prepare for the Olympic Games, the Paralympic Games, and the Pan American Games. The USOC is funded by corporate sponsorships, private contributions, and sales of licensed apparel. It also receives money from the International Olympic Committee (IOC). The USOC was formed in 1978.
In addition to fostering the Olympic spirit in the US and preparing athletes for competition, the USOC organizes efforts by US cities hoping to become a host for the Olympic Games. Those efforts failed to pay off in 2009, however, when the IOC rejected a bid by Chicago to host the 2016 games.
USOC shelved plans for a new cable network devoted to Olympic sports in 2010. The proposed sports channel, which was to be launched with cable TV operator Comcast, drew objections from both the IOC and Olympics broadcast partner NBCUniversal (NBCU).
Leading the Olympic movement in the US is Scott Blackmun, who returned to the USOC in 2010 as CEO. He previously served in various positions including acting CEO from 1998 until 2001. Blackmun stepped into the void left when Jim Scherr was suddenly ousted from the organization in 2009. Scherr had taken over the USOC in 2003 in the wake of a bid scandal that marred the Winter Games held the previous year in Salt Lake City. – less