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US Olympic Committee Sues Organization Trying To Build Sports Museum
from the the-spirit-of-competition dept
The Olympics are notoriously protective of the Olympic name, even trying to block the trademark application for the Olympian, a newspaper in Olympia, Washington. Paul writes in to let us know that the US Olympic Committee has now decided it's worth suing what appears to be an almost defunct non-profit organization called The International Institute for Sport and Olympic History. Apparently the organization was set up to try to raise funds for a museum dedicated to sports, but from the article, it sounds like it has failed to get very far, and has been (perhaps) left to die already (at one point, it was reported that the Institute's bank account contained $52). But never one to let a dead organization die peacefully, the USOC has sued and is seeking "treble damages." What damages? This is basically a defunct organization that never did anything. The USOC says, at the very least, it deserves three times the profits the organization made off the Olympic name. Well, three times zero is zero... so seems like this one could be settled pretty quickly.
I have an idea...
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Losing their appeal quickly...
I think I'll just go read a book or two instead this time around. Heck, I'll probably get more value out of it anyway... :-)
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Re:
'course, ideally, no one mentions that the profit is a negative number until After the Olympic committee wins.
Then they fudge the numbers to make the loss even bigger :D
arguably the court costs would be an expense tied to the name, right? :D
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Treble? Really? That is generous.
So, if the organization lost $50,000, that would be -50000. So by my calculations using the committee's own suggestion, the organization deserves to be paid $150,000 by the Olympic committee. That should move the museum along nicely.
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Your elected officials at work
A similar thing happened in the state of Kentucky. Always looking for more tax revenue to power their local pork projects the Kentucky state legislator passed a law putting a tax on any business who used the word Kentucky in their name. Ever wonder why Kentucky Fried Chicken changed their name to KFC, or the Kentucky Derby is no longer known by that name it is because of this tax.
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Re: Your elected officials at work
http://www.kentuckyderby.com/ would seem to indicate that Churchill Downs continues to call the Kentucky Derby the Kentucky Derby.
As to KFC, they changed their name to remove the stigma attached to the word "Fried".
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May be clever, not stupid
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Double whammy
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more likely..
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Is this true?
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Ski team unifor
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