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International Olympic Committee (IOC) President Jacques Rogge walks during the opening ceremony of the 121st session of the International Olympic Congress on October 1, 2009 in Copenhagen The International Olympic Committee (IOC) is voting on the destiny of the Summer Games after a final round battle between Chicago, Madrid, Tokyo and Rio de Janeiro.
The man who heads the International Olympic Committee that didn't select Chicago as the host of the 2016 Summer Olympic Games has been named the most influential person in the sports business.
The selection of Rio and rejection of Chicago cost the U.S. sports industry hundreds — if not thousands — of jobs, $1.2 billion in sponsorship deals and approximately $250 million in U.S. media rights, the magazine writes in a post on its Web site.
The former Olympian also made the last last year, but jumped a whopping 29 places, the most of anyone on the list, to take the top spot.
Head over to SportsBusinessJournal.com for the complete list of the "50 Most Influential."