The Olympics

The Olympics

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News, information and stories about the Olympic Games in Athens 2004 and the Olympics in general up until 2007.

Monday, September 06, 2004

Filthy Lucre

Those of you who thought that the $12BN expenditure by Greece, on the 2004 Olympic Games, was a "tad excessive" should take a deep breath.

It seems that China intends to spend a stonking $35BN, on the 2008 Games being hosted in Beijing, now that's what I call serious money!

The Chinese, it seems, intend to do "the full monty" and build; roads, subways and another airport.

The costs of the Games rise each time for a number of reasons:

  • The host country's ego in trying to outdo the previous Games


  • An increase in the number of events considered to be Olympic sports. I understand that the ancient, and noble, "sport" of darts is being considered for inclusion


  • Increased security costs


  • The costs of bribing, oops sorry, "bidding" for the Games


That being said, there are some rewards to be had; if the host country doesn't "cock it up". I understand, for example, that Athens earned $1.5Bn from the sale of the TV rights; together with another $1.2Bn from those health conscience companies Coke and McDonald's.

The motto of the Games is in fact:

"Mo Money!, Mo Money!, Mo Money!"

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