The Olympics

The Olympics


News, information and stories about the Olympic Games.

Thursday, 3 June 2004

Who Pays?

It seems that all is not well in South Korean Olympic circles.

It is reported that the head of the South Korean Olympic Committee, Un Yong Kim, has been found guilty of bribery and embezzlement by court in Seoul. He will now serve 2 years in jail.

I thought that the Olympics was not meant to be about money?

I hope that the people of Greece have that attitude; as it seems that the Greek government's estimate of the cost of holding the Olympics, originally 2.5BN Euros now 4.6BN Euros, may still be way off target.

PWC estimate that there may be another 1.9BN Euros unaccounted for in Greece's budget.

It seems that the citizens of Greece will be paying for these games long after the Olympic flame has been extinguished.

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