Beijing To Make A Profit

It seems that Beijing may host the most profitable Olympics ever, by exceeding the $224M profit by Los Angeles in 1984.

That at least is the view of Hein Verbruggen, the International Olympic Committee official overseeing preparations for the 2008 games.

Quote:

"I would not be surprised if Beijing makes more money than any Olympics".

Eight sponsors are on board so far. The IOC also has 11 international sponsors paying $866M in total for the four years to 2008.

The IOC claim that every Olympic Games since 1976 has made a profit, with Athens having a surplus of 7 million euros.

However, what these guys don't tell is that the numbers exclude the costs of the worthless infrastructure that is left behind.

To claim that Greece made a profit, after squandering $13BN, is an insult to people's intelligence.

Verbruggen is quoted a saying:

"It's perhaps hard to believe but there's nothing negative to say."

LOL!