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this post was submitted on 10 Aug 2024
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From the article:
Ok, so the IOC should be taking that revenue away from the host country and expect them to pay for the infrastructure and staff at an even bigger loss?
Which country or city would want to do that?
It doesn't say the host country is the one that makes the money. And I'm sure they can spare a billion or two for the athletes.
What doesn't say the host country is the one that makes the money?
The Olympics is already operating at a net loss, with the host city/country basically footing the bill in exchange for publicity.
Do you think these cities would be happy to pay for 20.000 extra 'employees' for four years?
The article linked to above suggests otherwise.
https://olympics.com/ioc/finance
That 4.2 million figure is absolute bullshit.
https://apnews.com/article/olympics-2024-explainer-086d71dfa93128a2c5a302cb47ec3524
Where in your source does it say that?
I’m sorry you are unable to read an AP article. Hopefully this will help:
I can read it, that's why I asked. That figure would be very much in the same ballpark. 7.6B * 0.9 / 1826 days = 3.67 M per day or 4.61M when it would have been 4 years