The Olympics

The Olympics


News, information and stories about the Olympic Games.

Friday, 3 June 2005

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.


"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."


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