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Istanbul businesses back the 2020 bid

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Seven of Turkey’s largest companies are offering to sponsor the country in its bid to host the 2020 Summer Games in Istanbul with upwards of $20 million in funding, the largest private backing of a sporting event in the country’s history.

Istanbul is going up against Madrid and Tokyo, the presumed favorite to host the Olympics, in an IOC vote this September in Buenos Aires. It is Istanbul’s fifth time making it to the finals of the bidding process, with recent failures in 2000 and 2008.

“Turkey is one of the most fertile economic environments in Eurasia, and these seven companies typify the innovation, drive and tireless pursuit of excellence that have got us here,” Hasan Arat said.

“Our new National Sponsors bring with them an enormous amount of expertise and experience across a wide range of sectors and their input will be crucial as the campaign progresses. This is the most powerful alliance between the sports community, the business community and every level of government we have ever had.”

The deal was signed during a special dinner hosted by Suat Kiliç, Turkey’s Minister of Youth and Sports, following a meeting held last week at the Prime Minister’s office.

Michael Phelps, Katie Ledecky big winners at Team USA Awards

Michael Phelps, Katie Ledecky
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Swimmers Michael Phelps and Katie Ledecky were named the Male and Female Athletes of the Olympic Games at the Team USA Awards, which took place Wednesday evening at Georgetown University’s McDonough Arena in Washington, D.C.

Phelps, the most decorated Olympian of all time, claimed six medals in Rio to increase his Olympic medal total to 28.

Ledecky broke two world records on her way to winning four golds and one silver in Rio.

Other winners included:

Team of the Olympic Games: Final Five (women’s gymnastics)

Female Athlete of the Paralympic Games: Tatyana McFadden (track and field)

Male Athlete of the Paralympic Games: Brad Snyder (swimming)

Team of the Paralympic Games: Women’s sitting volleyball

The show will air on NBCSN on Oct. 4 from 10-11 p.m. ET.

MORE: Best photos from red carpet of the Team USA Awards

Best photos from red carpet of the Team USA Awards

Twitter: @TeamUSA
Twitter: @TeamUSA
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Swimmers Allison Schmitt and Elizabeth Beisel hosted the Team USA Awards Red Carpet Show live on Facebook from Washington, D.C. on Wednesday.

The show will air on NBCSN on Oct. 4 from 10-11 p.m. ET.

In the meantime, here are photos from the red carpet:

400 free gold medalists 🏅 #teamusaindc @usaswimming @kledecky

A photo posted by Becca Meyers (@beccameyers20) on