Do Hosting Countries Of The Olympics Make A Profit?
Olympic Cost Comparison Chart
The Olympics are full of pomp and circumstance. From the grandiose opening ceremony to the spirited fans, nationalism and excitement abound. We can’t help but follow the athletes’ compelling stories and watch as record after record is broken.
But it isn’t just the games that are fascinating — the business of the Olympics is interesting as well. This year more than ever people are questioning whether the Olympics are worth the cost, especially if the host country (like Brazil) has never held the games before.
Costs can easily add up if a country has to update its infrastructure and transportation systems, plus pay for the facilitation of the games and security. Historically, countries go significantly over their proposed budget when hosting the Olympics. But it’s an investment they’re willing to make to gain recognition and hopefully receive a return on their investment.
To determine the return of the Olympics, we looked at Olympic games over the past forty years. We compared how much they costed each host country and if the country made a profit or ended up in debt. All costs, profits, and debts have been adjusted for inflation.
Sat, 27 Apr 2024 22:37:00 GMT Bach attributes the revival of interest in hosting the Olympics to reforms undertaken on his watch, which have sought to put an end to the wasteful spending that has near-bankrupted several host ...
Thu, 25 Apr 2024 17:00:00 GMT The Tokyo metropolitan government is set to enter a grueling post-Olympic ... tab for hosting the Summer Games during a pandemic. The novel coronavirus not only ballooned costs to hold the ...
Wed, 24 Apr 2024 22:56:17 GMT Many polls show that Parisians feel the Olympics are coming at a bad time, and the city's "often hard-to-please residents appear in no mood for a party yet," said AFP. The games will be held as France ...
Tue, 09 Apr 2024 21:40:00 GMT But they assured the committee that they could keep costs ... for hosting in the Democratic capital city of a predominantly Republican state. With few options remaining for the Olympic committee ...
Tue, 09 Apr 2024 17:00:00 GMT and climate change has curtailed the number of sites capable of hosting future winter competitions. Meanwhile, Utah has spent millions to ensure its Olympic facilities didn’t fall into disrepair ...
