Coe & Diack: BBC questions Coe's role in Eugene selection

More explaining for Coe to do......

Did he change his name to Lord?

Another shady deal involving Masback, Coe and Diack? That was predictable.

Same name change as President Bush.

Not shady at all. Business as usual.

And here is the root of the problem.....

http://www.theguardian.com/sport/2012/oct/26/lord-coe-windfall

Totally compromised, a ridiculous situation

malmo wrote:

Another shady deal involving Masback, Coe and Diack? That was predictable.

YAWN

somebloke wrote:

malmo wrote:

Another shady deal involving Masback, Coe and Diack? That was predictable.

YAWN

Very obvious the the deal was predictable. No need to state the obvious.

An interesting sidelight from the article:

I.e., when running for president of the IAAF, Coe had a campaign fund of £189,000 (about $300,000). Of that 1/3 was provided by the British taxpayers, apparently so that Coe could exercise a pro-British influence on the IAAF. The other 2/3 was provided by unidentified private sources that Coe refused to name.

This is very interesting. First, Britain apparently has no problem paying to ensure a pro-British bias in the IAAF, which is amusing considering the complaints about Coe's pro-Nike conflict of interest. Second, whoever secretly paid for the other 2/3 of Coe's campaign (Nike? Russia? rich Brits?) was probably also seeking to insert some kind of bias in the IAAF decision-making process, just as UK Sport was.

This link is 3 years old so you must know more about the situation than most? Is this company currently involved with Athletics?

DHT123 wrote:

And here is the root of the problem.....

http://www.theguardian.com/sport/2012/oct/26/lord-coe-windfall

Totally compromised, a ridiculous situation

"A BBC investigation has uncovered emails which claim Coe - an ambassador for sports giant Nike and then vice-president of world athletics"

an ambassador for sports giant Nike = "legit" Nike payroll

The firm is now owed by Chime Communications.

http://chimegroup.com/

At Chime, we transform businesses, brands and organisations through the power of sport, entertainment and communications by creating a lasting commercial and social impact.

...

We have involved Martini in Formula One, HSBC in the British & Irish Lions and Bradesco in the Rio 2016 Olympics.

On further reflection, the most obvious candidate for providing the private campaign funds would be CSM, the sports marketing firm:http://www.csm.com/about-csm/From the Guardian:

Coe has been involved with Nike since 1978 but only took up his current role as an international ambassador, focused anti-obesity campaign Designed to Move, in 2012 after the London Olympics.

The double Olympic gold medallist has been adamant that he won’t be pushed into giving up the role, insisting it does not represent a conflict of interest. But he has said he will review all his arrangements within his first 100 days.

The role is believed to pay around £100,000 a year but is also thought to be linked to a complex multimillion-pound earn out deal that Coe signed when CSM, the Chime sports marketing arm he chairs, was sold to Sir Martin Sorrell’s WPP and private equity firm Providence with the rest of the company this year in a deal worth £374m.

Also:

Being president of the IAAF is an unpaid position, although Diack apparently found a way to make it a paid (under the table) position. If UK Sport is buying influence by funding Coe's presidential campaign, whoever else funded the campaign is presumably also trying to buy influence. If Coe is an employee/owner of CSM, presumably CSM thinks it is profitable to them to have Coe as president of the IAAF. And the connection between CSM and Nike needs to be spelled out.

It's not at all clear what is going on behind the scenes but whatever it is needs to be public so that the track world can judge whether it is appropriate and actually benefiting the sport and its athletes.

Coe is getting £100.000 or $150.000 per year from Nike.

Who Coe apparently works for (besides Nike):

http://www.parliament.uk/biographies/lords/lord-coe/783

About CSM/Chime/Providence Equity:

http://www.sportsbusinessdaily.com/Journal/Issues/2015/03/23/Marketing-and-Sponsorship/CSM-Zak-Brown.aspx

http://www.sportsbusinessdaily.com/Journal/Issues/2015/08/10/Marketing-and-Sponsorship/Chime-Providence-Equity.aspx

http://www.provequity.com/about

http://www.provequity.com/portfolio?name=&sector=all&region=all&vertical=all&status=all

Here's a video of Coe staying one step ahead of the police, while pondering his apparel decisions:

https://www.youtube.com/watch?v=VUOe_hLg7Bo

In today's FAQ issued by the IAAF, Coe now says that it was Diack's idea to vote on Eugene in April 2015:

"Much has been written about the unusual but not unprecedented way in which Eugene was awarded the 2021 World Championships. Seb believed, along with many other council members, that the usual process would be followed and encouraged Eugene to enter the bidding cycling for 2021 which would be decided in November 2016. He sought clarity from President Diack when asked by Gothenburg about the 2021 bidding process and received assurances that no decision would be made at the April Council meeting so he continued to encourage Gothenburg and Eugene to both put themselves forward for the 2021 bidding cycle."

The sad thing about all of this is that Eugene or Barcelona were both good candidates for 2019 and lost out to Doha, which was completely shady. On the merits, Eugene always had a strong case. It's too bad that winning 2021 under questionable circumstances makes a strong and legitimate case for Eugene also look shady.

Impressive. I'd recognize that form anywhere!

BHill wrote:

Here's a video of Coe staying one step ahead of the police, while pondering his apparel decisions:

https://www.youtube.com/watch?v=VUOe_hLg7Bo

The IAAF has to have enough income to pay its President a salary. You would think that being President of the IAAF is important enough a position to pay someone a decent salary in exchange for giving up outside jobs and compensation that create conflicts of interest.