Current:Home > ScamsThe man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth -WealthMindset Learning
The man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth
View
Date:2025-04-13 15:32:34
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! (2)
Related
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Week 6 college football grades: Temple's tough turnover, Vanderbilt celebration lead way
- LeBron James and son Bronny become first father-son duo to play together in NBA history
- Clint Eastwood's Daughter Morgan Gives Birth, Welcomes First Baby With Tanner Koopmans
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Early morning crash of 2 cars on Ohio road kills 5, leaves 1 with life-threatening injuries
- Billie Jean King named grand marshal for the 136th Rose Parade on Jan. 1
- Jury selection begins in murder trial of Minnesota man accused of killing his girlfriend
- The Best Stocking Stuffers Under $25
- Another aide to New York City mayor resigns amid federal probe
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Miss Teen Rodeo Kansas Emma Brungardt Dead at 19 After Car Crash
- Clint Eastwood's Daughter Morgan Gives Birth, Welcomes First Baby With Tanner Koopmans
- As Trump returns to Butler, Pa., there’s one name he never mentions | The Excerpt
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Celine Dion makes rare appearance during Steelers vs Cowboys game promo
- Jeep Wrangler ditches manual windows, marking the end of an era for automakers
- TikToker Taylor Rousseau Grigg’s Husband Speaks Out After Her Death
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
AP Top 25: Texas returns to No. 1, Alabama drops to No. 7 after upsets force reshuffling of rankings
Here's When Taylor Swift Will Reunite With Travis Kelce After Missing His Birthday
32 things we learned in NFL Week 5: Streaks end, extend in explosive slate of games
Where will Elmo go? HBO moves away from 'Sesame Street'
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Open Bar
Phillies strike back at Mets in dogfight NLDS: 'Never experienced anything like it'
Sister Wives' Janelle Brown Claims Ex Kody Hasn't Seen His Grandchildren in More Than 3 Years