1)Cost of Olympic Games
First Olympic in 1896 in Athens
2012 Summer Olympics - 26 sports, 10568 Athletes, 204 Nations
2014 Winter Olympics -7 sports, 2873 Athletes, 88 Nations
Governing Body: International Federation (IF)
International Olympic Committee (IOC): sports, disciplines and events.
London 2012 US$14.8 billion
Sochi 2014 Estimated US$51 billion
Source: www.theguardian.com/sport/blog/2013/oct/09/sochi-2014-olympics-money- corruption
3) Cost Bidding
5 out of 9 cities selected for bidding by IOC on 18 May 2004
Hosting Fee in 2012: U.S $150,000
London won the right to host the 2012 Games with 54 votes to Paris' 50
4) Cost Bidding Graph
5)Costs for Hosting
Catering & Medical Services
International Broadcast Centre
Media & Press Centre
Hotel Upgrade Costs
6)Cost of Olympic Games
7) Cost OverRun
8)Economic impact of OLYMPIC GAMES
1. Identifying the impact
2. Evidence from the past games
3. ATHENS & outlook of Greek Economy
9) -GDP & Employment Impact
10) ATHENS-Slowdown Economy
Total cost EXCEEDS Estimate cost leads to Downfall.
Even the villages lands are used to conduct OLYMPICS.
Widening Government Budget Deficit.
11) Scam 2014 Sochi Russia