reason why the Olympics is expensive: IOC

@flexiblebirdchannel

2 жыл бұрын

Yes, they take over 50% of the revenues, invest nothing, and dictate what the country has to build. I see a future, where the IOC pays for everything and the country only makes available the ground to build it there and got the building after olympics as a free gift.

I hope in the future the Olympics are held in cities which already have most of the infrastructure required like LA, London, Berlin etc. It's so sad watching those ghost villages in Rio being abandoned, it's waste of resources.

@alex22153

3 жыл бұрын

Cities like Los Angeles and London have hosted the Olympics before tho? Especially with the upcoming I heard Los Angeles was chosen as a host city

@HBC423

3 жыл бұрын

Bring it back to Atlanta

@peterjohnson8625

3 жыл бұрын

Sydney I stand by for having one the most successful games every

@conorchristmas6844

3 жыл бұрын

@@HBC423 I don’t know if Coca Cola can bribe the IOC anymore 🤔

@makemap

2 жыл бұрын

That place was soooo unclean. it wasn't even a joke. Brazil is so freaking corrupt due to drug wars.

The title should be: how the IOC ruined the Olympics by being greedy

@spacetoast7783

2 жыл бұрын

What should they do differently?

@mohammedhussain6749

2 жыл бұрын

@@spacetoast7783 share the profits more evenly or at least cover the costs with the host country? instead they take giant chunk of licensing/ad revenue for themselves whilst the host country is footing the bill for everything to actually run the Olympics in the first place.

@spacetoast7783

2 жыл бұрын

@@mohammedhussain6749 The IOC does not generate profits. 100% of revenue is used to fund olympic feeder programs and to organize and administer the games. Which programs would you like to see cut?

@BlackWhiteEagle

2 жыл бұрын

@@spacetoast7783 what programs to cut? The personal enrichment program, greedy program and IOC super profit program.

@matthewfabrey

2 жыл бұрын

Haven't watched it yet but already know the IOC is greedy af, not too far from FIFA i think; whoever does the world cup for soccer

I find it interesting they didn't talk about Denver rejecting hosting the 1976 Olympics for the reason of cost and environmental concerns.

@ascensionzenith4043

3 жыл бұрын

they why were they participating in the selection of cities?

@RaymondHng

3 жыл бұрын

​@@ascensionzenith4043 The selection for the 1976 Winter Olympic Games (not Summer) was made at the 70th International Olympic Committee (IOC) Session in Amsterdam on 12 May 1970. The year 1976 was the centennial for the state of Colorado and bicentennial for the United States. Denver was selected ahead of Sion, Switzerland; Tampere, Finland; and Vancouver, British Columbia, Canada. Later that year on 7 November, Colorado voters rejected a referendum to publicly fund the Winter Olympics, and for the only time a city awarded an Olympics rejected them. Denver officially withdrew on 15 November, and the IOC then offered the Olympics to Whistler (neighboring Vancouver), British Columbia, Canada, but they declined, owing to a change of government following elections. Original runner-up Sion also declined. Salt Lake City, Utah, initially offered to host, then pulled its bid late, and was hurriedly replaced by Lake Placid, New York. At a meeting of the IOC executive committee in Lausanne, Switzerland, on 4 February 1973, the 1976 Winter Olympics were transferred from Denver to Innsbruck, which had recently hosted in 1964. Efforts to get a Winter Olympics for Colorado had begun in 1954 when Colorado Springs and Aspen made a joint effort to get the 1960 Games.The application process of submitting bid books for the 1976 Winter Olympic Games commenced in the mid 1960s. A change in government and growing dissent among local citizens can quickly swing the needle of acceptance even after the awarding of the Games to a host city. Concerns about the Games potential cost quickly began to alarm some Coloradans. For others, the issue was the environment -- damage that supposedly would be caused by hordes descending on the sites of competition. No previous Winter Olympics venue had ever planned to hold the Games across such a huge area -- from Denver to Steamboat Springs, a 166-mile distance. The landmark vote on 7 November 1972, wasn't even close -- 514,228 to 350,964. A 59.4 percent majority said they weren't willing to spend tax dollars to have the Games in their state. Sidney Bullene, the first staff member on the Denver Organizing Committee, said the ballot language was confusing. " _No_ meant yes and _yes_ meant no," Bullene said of the proposal. "That's what killed us." But she conceded that the Denver committee and its supporters were partly at fault. "We got very complacent," she said. "Nobody really realized we might lose this whole thing and disgrace ourselves in the eyes of the whole world." Dennis Gallagher, then a member of the Colorado House of Representatives, surveyed his constituents shortly before the election. The state was promising it would spend no more than $5 million on the Games. "The survey cards came back 80 percent against, and we all knew then that the idea was in trouble," Gallagher said. "For once, the voters were not persuaded by the appeals that money would eventually trickle down to the workers. "The promoters never asked the people how they felt, and the arrogance of some Olympic boosters turned everyone off -- they tried to imply you lacked patriotism if you were not for the Olympics." Coloradans learned that the 1960 Winter Olympics in Squaw Valley had cost California about $13.5 million -- more than 13 times original estimates.

@Mike__B

3 жыл бұрын

@@ascensionzenith4043 In a nutshell, the people who put in Olympic bids in no way have power to financially commit to the cost of said Olympics. In this case groups/individuals who have self-serving interests gets together a fantastic plan which they submit, but ultimately voter approval is needed to pay for it.

@guccifer2

2 жыл бұрын

@12:30 IOC spokesperson: Build temp facilities or...go abroad. So lose the bid with unattractive temp facilities or dont host the Olympics (go abroad). : Facepalm:

@rothermatela1117

Жыл бұрын

@@guccifer2 Did you know that Munich, Germany hosted the 2040 Summer Olympics followed by Johannesburg, South Africa by 2044?

Rio’s government actually kicked out poor families out of their houses to demolish them and build the stadiums. So there’s that.

@Skadi-41

2 жыл бұрын

Fry tdp

@charujain581

2 жыл бұрын

It was bad but they didn’t kick them out, they payed them to move

@Yeah.316

2 жыл бұрын

They also built walls around slums so tourist couldnot see the"dirty part of the city"

@slid3n

2 жыл бұрын

@@charujain581 qsd cm m

@kevinchen5703

2 жыл бұрын

are they a communist country?

Sounds like a free rider friend that constantly comes up with ideas to spend more money on parties.

@TengahSleep

3 жыл бұрын

The tournament shouldn’t focus on one part of city so that other sports could be played at different stadium

@TengahSleep

3 жыл бұрын

Less money needed

@theaveragemegaguy

2 жыл бұрын

Love this analogy lmaooo

The IOC takes a majority of the profits and don’t help with the cost. Why would any city want to host it. Taking the money you would spend on the Olympics and investing it for n your city and you’ll come out better off for a fraction of the cost.

@tylermcfadden9237

3 жыл бұрын

Well your city and government just need to be capable to manage these costs. The costs are much lower if the local area doesn’t need to build much new infrastructure, which was proved by LA. Rio costs were so expensive because they needed to revitalize the entire area, build a new subway system, clean the bay, etc. You don’t need to do things like that in many other major cities and they would be more suitable to host.

@aperture0

3 жыл бұрын

@@tylermcfadden9237 Yea it should be limited to rich countries like US.

@lucaschin2895

2 жыл бұрын

@@aperture0 Yea it should cause you should not spend money if you don't have it in the first place

@drakebates

2 жыл бұрын

Calgary voted last year not to place a bid for the Olympics because of this

@johngablesmith4671

2 жыл бұрын

The post-Olympic maintenance costs are the killer.

Organizing games at this scale is like burning money on fire.

@___beyondhorizon4664

11 күн бұрын

Not according to LA

1. Don't take the IOC's calls. 2. Don't answer the IOC's emails. 3. Don't grant members of the IOC entry into your country. Olympic budget woes solved. (Bonus points if you find just cause to prosecute members of the IOC.)

@billyzee261

3 жыл бұрын

VP Harris has asked volunteers in Atlanta and elsewhere to go door to door and encourage them to get their vaccine. She states that the President's goal of 70% is falling way short and that we must do this to save lives. Please people, let's get serious, get yourself and your family vaccinated. Talk to your friends and together, we can save lives!

@jdkingsley6543

3 жыл бұрын

Or just recycle infrastructure

@Itsmikebitch

3 жыл бұрын

Olympics should be held in one country from now on.

@dynasty0019

3 жыл бұрын

@@billyzee261 Sir, this is a Wendy's.

@billyzee261

3 жыл бұрын

@@dynasty0019 please do your part, encourage all your friends and family to get their vaccinations, please be safe and continue double masking to protect yourself against new and more deadly variants forming in the bodies of unvaccinated dRump supporters!

IOC be like: "You host, I earn. You crumble, I don't care."

@anirudhkulkarni3108

2 жыл бұрын

That is why we can't host Olympics.

@iansteelmatheson

2 жыл бұрын

same thing with the FIFA world cup

@paraskep5080

3 ай бұрын

Sounds about right

The games should never have left Olympia in Greece. Imagine all the savings.

@obiwanjesus9250

3 жыл бұрын

Probably could assist with Greece recent financial situation too. If you already had everything built and just kept it up

@Hjernespreng

3 жыл бұрын

Part of Greece's financial woes was BECAUSE of the 2004 olympics. And the classic Olympics were held where they were for the sake of the Greek city states. Keeping it in Olympia permanently when the entire world is attending is kinda pointless.

@karlpark8575

3 жыл бұрын

I agree. There should be one permanent site for the summer and the winter Olympics.

@raunaresquaiwatayakanai1710

3 жыл бұрын

@@karlpark8575 and if they were to add another city, that city should already have at least the majority of the required facilities needed with little and no renovation required

@ilovecoffee7623

3 жыл бұрын

The games originate in Egypt, not Greece. Greece just stole them from Egypt like they stole everything else.

that IOC guy feels like another con artist. He's trying to sell you on the promise of doing better but at the same time has no real track records and when he makes that sale he's laughing with the money he's pocketed from you

@PatricksCollectibles

2 жыл бұрын

Yeah, he looks and sounds like a con artist

@fujithegreat6069

11 ай бұрын

Seems jewish, I mean fishy.

One problem is the host courties want to show off, during the bidding for the Rio games Brazil was one of the fastest growing economies in the world so they wanted to show everybody that they're a world power with the Olympics, didn't work out so well for them

@SuperBigblue19

3 жыл бұрын

Or the former Yugoslavia or Greece

@XBarajasX

2 жыл бұрын

Imagine Qatar with the WC wich had almost nothing built to host such an event. Not even good weather. But at least they can afford it and won't get hurted but man, what a waste of resources

@zaofei6281

2 жыл бұрын

and 2008 BeiJing has same purpose, but still cant imagine over $45 Billion !!!

@pawl23

2 жыл бұрын

Rio went especially poorly due to Brazil's corruption and disorganization.

@Matpeixelegal

2 жыл бұрын

I'm brazilian and it's just plain insane that they chose rio as the host city. Like, i get It that it is a famous city, but is a national knowledge that rio is one of the most (If not THE most) corrupt state of the country. But now that i think about, the IOC probably chose rio exactly due to this

It's called pork barrel politics. Spend the taxpayer's money on vanity projects, pocket a lot on the side along with your cronies and leave a huge hole for the next sucker to figure out. This is the stuff of short sighted politicians' dreams.

@EatMyShortsAU

3 жыл бұрын

I wonder where that $50 BIllion in Sochi went. Probably in to Putin's and his cronies pockets..

@zico739

3 жыл бұрын

Pork barrel projects are projects that create jobs or gain public favor in some way. This was not that at all.

@nikoid3631

3 жыл бұрын

@@EatMyShortsAU of course lol

The correct title for the video: “Why the olympics is a scam?”

@guccifer2

2 жыл бұрын

New twist in the scam this year, allowing controversial participants into woman's weght lifting. Surely that decision had nothing to do with TV rights... placing a bet now: viewership for womens weight lifting up 1000% and every newscycle caries some form of the controversy.

@metaparcel

2 жыл бұрын

Scam? They're just games. They could create a hamburger eating contest as part of the games. It's a means a country projecting soft power and the IOC on making money as well as sponsors getting exposure. It's a business. It may not be a well run business but still a for profit semi political enterprise. The Oscars are a joke as well, the World Cup is corrupt, Formula 1 has cheating...it goes on and on but you still don't stop watching right? The problem is you just realized that the world isn't as pretty as mommy told you it would be.

@gs032009

2 жыл бұрын

Well....yes!!!!

Olympics: are expensive and not worth Countries hosting olympics: *Yes*

@nicksecord1816

3 жыл бұрын

yos

@RNFLACKOratshobo

3 жыл бұрын

wtf is the point of life then, sports are the one thing that brings all together

@Sanyu-Tumusiime

3 жыл бұрын

LA 2028? they gon be fine

@chancellorasher9417

3 жыл бұрын

It’s all about FLEX

@zeitgeistx5239

3 жыл бұрын

Notice how they didn’t cover the documented bribery. The hundreds of people you have to bribe for the Olympics.

So Tokyo is screwed. The IOC won't get their advertising and marketing revenue if Tokyo doesn't go through with the Olympics and Tokyo won't allow any international recreational tourists to visit Japan for the Olympics. So they spent an estimated 30 billion on the saddest summer Olympics of my time.

@BLUEKOMMEH

2 жыл бұрын

Nah, Tokyo will be fine. They're actually smart about planning, and care a lot about long-time projects.

@bliblablubdiedadup742

2 жыл бұрын

@@BLUEKOMMEH sure^^

@krish5445

2 жыл бұрын

Maybe not coz Japan already has the other infrastructure except stadiums coz they are very developed and also have hosted once. Brazil was the poorest country hosting the olympics ever and also corrupt.

@BOGOTAROCKSTAR

2 жыл бұрын

@@BLUEKOMMEH Smart? Doest sound very smart

@toveakiii4885

2 жыл бұрын

Brazil was and is a poor country japan is not something like that their economy is much more better and in general they are much more smart

Is anyone not gonna show how the Sydney 2000 games' venues and Olympic village has been put to a good use post games? the Olympic village is now a thriving residential suburb and the Olympic Park is home to thousands of events per year and has been put to very good use

@king_has_no_clothskul8635

2 жыл бұрын

australia is a dandy sports nation. aussies love sports and they play all sorts of them. and sydney cant get enough people. so cant compare. brazil is also a tourist juggernaut. but australia is a far developed nation than brazil.

@MarK-ro3vl

2 жыл бұрын

Australia is one of the least corrupt countries too which I think makes a big difference.

@jimbo6059

2 жыл бұрын

London also had a legacy too. But yes Sydney have done very well.

@anotherant6167

Жыл бұрын

Yeah, same as the one in Melbourne CBD. Really nicely maintained and used place was actually there a few weeks ago haha

@rothermatela1117

Жыл бұрын

@@anotherant6167 Brisbane will host the Summer Olympics by 2032 after Paris (2024) and Los Angeles (2028)

"so that we cannot be accused of any problems in the long run" Typical IOC comments.

If you can’t drink the tap water you probably shouldn’t be hosting the olympics.

@goozebump

2 жыл бұрын

So america 😆

@user-ls2jg7vl2h

2 жыл бұрын

@@goozebump brita

@goozebump

2 жыл бұрын

@@user-ls2jg7vl2h lol

@paulwilliams2024

2 жыл бұрын

@@goozebump the USA has hosting the games more then any other country you sound stupid . Not to mention the USA doesn’t bankrupt itself to host the games . Also the USA makes money off hosting the games

@lilyanamaraboli5866

2 жыл бұрын

@@paulwilliams2024 He is talking about America as a continent 😒

The olympics have become a show place where showing off is more important than the sports!!

@SermonsSubtitled

3 жыл бұрын

Become? LOL It always was!

@XnonXte

3 жыл бұрын

Damn.... wise word bro

@pridefulobserver3807

3 жыл бұрын

that is, what always has been, since antiquity really, a show off of city-states

The Salt Lake City 2002 Olympics was the only Olympic Games in recent history that was actually in their budget.

@dksharron

3 жыл бұрын

Los Angeles was good too, because all of the buildings, infrastructure, except one, the velodrome, were already built. Peter Ueberroth did a good job, but LA did not have to spend billions of dollars on indoor/outdoor stadiums, rowing, and swimming facilities, horse tracks, dormitories, etc. Sports stadiums are not profitable, nit in two weeks, not in two years, not in twenty years. This is why they are built by governments, in part or in whole, and not by private businesses. How can anyone possibly make a profit using a facility 8-16 days ( football), 81 days ( baseball) , 41 days ( basketball)/ year . Even when mixing in college games with pro games on a field or a court, college ticket prices are a fraction of professional ticket prices. Professional SPORTS ARE A SCAM. Football , baseball, basketball facilities in junior high school and high school plus training are public tax money financing the development of a future employees of only a few specific companies, PRO SPORTS. Pop Warner football and little league baseball should be continued on to college with the private citizens paying for the training and the facilities. If parents are unwilling to p pay for the costs, then the children should not be participating. Schools should be for education.

@BradfordDuncan

2 жыл бұрын

Thank you Mitt Romney

@AnishJBhave

2 жыл бұрын

@@BradfordDuncan wot

@BradfordDuncan

2 жыл бұрын

@@AnishJBhave Thank you Mitt Romeny

@AnishJBhave

2 жыл бұрын

@@BradfordDuncan How did Romney have anything to do with the Olympic prep in SLC

Host olympics in cities where 90% of facilities are already there

@paulwilliams2024

2 жыл бұрын

So the USA 🇺🇸 Canada 🇨🇦 UK 🇬🇧 Germany 🇩🇪 China 🇨🇳 , Japan 🇯🇵 those are the only countries that fit that criteria

@nabhannbn

2 жыл бұрын

@@paulwilliams2024 there are many others too

@paulwilliams2024

2 жыл бұрын

@@nabhannbn like who ?

@nabhannbn

2 жыл бұрын

@@paulwilliams2024 england is there, france etc

@AmbivalentMind

2 жыл бұрын

@@paulwilliams2024 Like LA2028

The hosting countries pay for the new infrastructure. The athletes are competing. What the heck is the Olympic committee contributing?! Nothing!?

@kitkatkruncher22

3 жыл бұрын

They are basically charging for the right to use the word olympic. Think of it like paying for licensing rights

@conorchristmas6844

3 жыл бұрын

@@kitkatkruncher22 that’s really not correct. They do contribute.

@Dilley_G45

4 ай бұрын

Yep. So stop worshiping the brand. Look at football. Germany still doesn't allow individuals to own a team or name it after a brand or product. Red Bull couldn't so they had to finance a small club and give it a strange name. All to maintain the sport as a sport, not a business first

@scottg.g.haller3291

15 күн бұрын

What a weird libertarian attitude. The IOC maintains standards about what is required for this massive international competition. There doesn't just need to be a stadium, it needs to be able to hold a certain number of people and support very specific activities. There can't just be a stadium, but other venues for the variety of sports involved (cycling, fencing, wrestling, rowing, etc.). There doesn't just need to be some places for the athletes to sleep, there needs to be residences to support the athletes and the support staff. You need an experienced central organization so the host cities aren't reinventing the wheel every time.

Crazy idea why doesn't the IOC just make a neutral island or destination the permanent host of the Olympics

@sureshrao4728

3 жыл бұрын

I know right! They can pick a neutral island and countries can take turns through a bidding process similar to the current one for hosting the event to renovate whatever facilities need attention. This avoids expensive one time investments of infrastructure and removes the need to displace thousands of locals by host countries. However, the problem with a permanent island/location comes in transportation of viewers. If it's an island, then an airport would have to be built and maintained just for the event. Similarly for hotels and restaurants though the expenses for maintaining the latter is significantly cheaper than maintaining a hotel. However the infrastructure for tourists problem can be skirted if the island is situated near a big city. Flights, accomodation and restaurants would see dramatic rise for the roughly 3 weeks of the event. Spectators can be ferried to and from the island. Yes this city near the island will benefit perhaps unfairly over others because this would be a permanent destination, but it cuts billions is potential costs. Coming back to the winning bidder situation, it would have to renovate existing facilities such as stadiums and housing for the atheletes. Because this would be an island, the housing for atheletes could be spread across a much larger area with individual cheap units rather than expensive high rise apartments that are hard to build and maintain. Meanwhile the stadiums would need a high initial investment but could but maintained at a cheaper rate. The most sustainable solution would be to reuse these venues. Hosting football, basketball matches and concerts would significantly reduce operating costs. Additionally, reusing the roads for events such as F3, F2 and F1 would further reduce costs. There definitely exist better long term solutions than simply leaving governments with billions in debt.

@triedzidono

3 жыл бұрын

@@sureshrao4728 problem is, they'd have to pay for it. Its basically more economically effective to get others to pay for your profits/bribes & corruption, than building a new country from scratch that could afford this nonsense. Its a nice idea though. Build Oly-tlantis is basically the proposal here

@LonecloneProductions

3 жыл бұрын

Cost wise that would be great, but it would take away from the spectacle and uniqueness of each Olympics. I can see where they all start to blend together. "Oh, it's been four years already?" It's a great moment to highlight the host countries and their cultures as well, they just clearly need a way more sustainable way of doing it.

@RaymondHng

3 жыл бұрын

There is no neutral island that is large enough.

@lifeislikeabrokenpencil8796

3 жыл бұрын

Dubai? They are used to building massive projects on man made islands.

It is because those at the IOC needs to get paid. Notice when there were no bidder for the event, there were surplus? No bidders , IOC had to lower their standards and price.

@SoulDuckling126

3 жыл бұрын

Yeah that's exactly what video show, like that LA summer games with no other bidder USA can gain huge leverage on negotiation. IOC FIFA and other sports organization always corrupt

@long2181998

3 жыл бұрын

You are looking at what you want to see lmao. The same event where there were no bidder was also the one where the host country(U.S) had all the infrastructures and need not to build anything new that might or might not paid off.

@Tokamak3.1415

3 жыл бұрын

@@long2181998 Los Angeles did not have all the facilities in 1984, it just adapted several of the surrounding area facilities (using UCLA housing for the athlete village for example, which it will do again in 2028). There are 100K homeless within 40 mile radius of downtown Los Angeles - the city is going to go well into the red for 2028 and our idiot mayor Garcetti will long be out of office. He's so hated that he's having Biden ship him off to India as an ambassador so people will forget about him (because he has aspirations to be president some day). The IOC may have started with good intentions, but the swanky high rise which the IOC person speaking in the video doesn't come cheap. They've grown accustomed to bribery and embezzlement, the spirit of competition and human spirit is an afterthought.

@pistolen87

3 жыл бұрын

What do they need to get paid for? They're not contributing anything!

@RaymondHng

3 жыл бұрын

​@@pistolen87 You have to read their financial statements in their annual reports. From the 2019 annual report at stillmed.olympics.com/media/Document%20Library/OlympicOrg/Documents/IOC-Annual-Report/IOC-ANNUAL-REPORT-2019.pdf : The IOC redistributes 90% of its revenue from an Olympiad to support the staging of the Olympic Games and promote the worldwide development of sport and the Olympic Movement. The IOC retains only 10% of Olympic revenue for IOC activities to develop sport and to cover the operational costs of governing the Olympic Movement. The IOC contribution supports the staging of the Summer and Winter editions of the Games. This includes direct contributions to the OCOGs (Organizing Committees for the Olympic Games); considerable costs that previously had been borne by the OCOGs, such as the host broadcast operation; and various forms of Games support to the OCOGs, including through its Transfer of Knowledge programs. IOC contribution to support the Games USD million *Olympic Summer Games* 2004 Athens 965 2008 Beijing 1,250 2012 London 1,374 2016 Rio 1,531 *Olympic Winter Games* 2002 Salt Lake City 552 2006 Turin 561 2010 Vancouver 775 2014 Sochi 833 2018 PyeongChang 887 The IOC distributes revenue to each of the 206 NOCs (National Olympic Committees) throughout the world to train and develop their Olympic hopefuls, athletes and teams. The IOC also contributes revenue to Olympic Solidarity, an autonomous commission that distributes revenue to NOCs. Gross revenue to OS/NOCs USD million *Olympic Summer Games* 2004 Athens 234 2008 Beijing 301 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 87 2006 Turin 136 2010 Vancouver 215 2014 Sochi 199 2018 PyeongChang 215 The IOC provides revenue to the IFs. (International Sports Federations) These funds, which are used to support the development of sport worldwide, are distributed after the completion of the Games in which the IF is active. Gross revenue to IFs USD million *Olympic Summer Games* 2004 Athens 257 2008 Beijing 297 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 92 2006 Turin 128 2010 Vancouver 209 2014 Sochi 199 2018 PyeongChang 215 The IOC contributes to recognised international organisations, including the World Anti-Doping Agency (WADA), the International Council of Arbitration for Sport (ICAS), the International Olympic Academy (IOA), the International Testing Agency (ITA) and the International Paralympic Committee (IPC). The IOC also supports the IPC by enabling Paralympic athletes to compete in the same city as the Olympic Games, benefit from the same Organising Committee, use the same sports venues and facilities, and enjoy the same conditions for official travel and accommodation as Olympic athletes. A total of USD 44 million was distributed in 2019, making the total contribution for the current Olympiad USD 139 million. The IOC contribution supports the staging of the YOG (Youth Olympic Games). Celebrated for the first time in Singapore in 2010, the YOG is a new Olympic tradition that engages young people through sport, education and cultural programs. IOC contribution to support the YOG USD million *Summer YOG* 2010 Singapore 40 2014 Nanjing 50 2018 Buenos Aires 64 *Winter YOG* 2012 Innsbruck 20 2016 Lillehammer 35

The Olympics should return to Cities that have already hosted the Olympics with the Venues already built so they can recoup some of their original investments and make some money for their local economies. And the Athletes Village should be built using Shipping Containers, that way they can easily be setup, and taken down, and shipped to each new Host City, and stored in a facility owned by the IOC.

@fawnwolf9195

3 жыл бұрын

I really like this idea

@rifoist

3 жыл бұрын

The athletes village makes money tho.

@dicanzhu8701

3 жыл бұрын

good idea

@willjrp

2 жыл бұрын

That’s how Qatar are doing it for one of their stadiums for the World Cup

@aussiegaming8156

2 жыл бұрын

Exactly I don’t get why cities try to host it if they aren’t able to afford it And why the IOC gives it to them

I mean if the IOC wouldn't be so greedy and up their broadcast revenue share every few years, the games would seem a bit more manageable. What does the IOC even need money for? The host cities pay for the Olympics not the IOC.

@timberwolfe1645

3 жыл бұрын

I want to see the business expense sheet for the IOC

@MatthewStinar

3 жыл бұрын

The IOC is a criminal organization, plain and simple. Cities should no more want to do business with the IOC than they should want to do business with the the Sinaloa Cartel.

@AM-md6sv

3 жыл бұрын

The IOC is also well known for not wanting to pay taxes on it's profits. This has been confirmed in the negotiations they were doing for the bid of "Rhine-Ruhr 2032". As far as I know, the region didn't accept this and thus it was one of the reasons 2032 is going to Brisbane. they just want the money for their organisation.

@TheBooban

3 жыл бұрын

@@AM-md6sv so why is Brisbane allowing this? Have to blame the IOC as much as governments. But governments do have power. Simply set up a new Olympics and don’t go to that one.

@user-ls2jg7vl2h

2 жыл бұрын

Yeah that thing makes NO sense

USA and Canada have a bunch of stadiums for its multiple sports leagues and so is at an advantage to stay on budget and not construct anything new for a single event

Hosting an Olympic is more of a FLEX and come with a side home advantage benefit than being it an investment or for sports

It shouldn’t take the promise of hosting the olympics to get cities or countries to update their infrastructure 😒 If they have the money for the olympics, then they always had the money to invest in their city.

Why should IOC take more than 10% cut? It should go to the City Hosting it.

@RaymondHng

3 жыл бұрын

From the 2019 annual report at stillmed.olympics.com/media/Document%20Library/OlympicOrg/Documents/IOC-Annual-Report/IOC-ANNUAL-REPORT-2019.pdf : The IOC redistributes 90% of its revenue from an Olympiad to support the staging of the Olympic Games and promote the worldwide development of sport and the Olympic Movement. The IOC retains only 10% of Olympic revenue for IOC activities to develop sport and to cover the operational costs of governing the Olympic Movement. The IOC contribution supports the staging of the Summer and Winter editions of the Games. This includes direct contributions to the OCOGs (Organizing Committees for the Olympic Games); considerable costs that previously had been borne by the OCOGs, such as the host broadcast operation; and various forms of Games support to the OCOGs, including through its Transfer of Knowledge programs. IOC contribution to support the Games USD million *Olympic Summer Games* 2004 Athens 965 2008 Beijing 1,250 2012 London 1,374 2016 Rio 1,531 *Olympic Winter Games* 2002 Salt Lake City 552 2006 Turin 561 2010 Vancouver 775 2014 Sochi 833 2018 PyeongChang 887 The IOC distributes revenue to each of the 206 NOCs (National Olympic Committees) throughout the world to train and develop their Olympic hopefuls, athletes and teams. The IOC also contributes revenue to Olympic Solidarity, an autonomous commission that distributes revenue to NOCs. Gross revenue to OS/NOCs USD million *Olympic Summer Games* 2004 Athens 234 2008 Beijing 301 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 87 2006 Turin 136 2010 Vancouver 215 2014 Sochi 199 2018 PyeongChang 215 The IOC provides revenue to the IFs. (International Sports Federations) These funds, which are used to support the development of sport worldwide, are distributed after the completion of the Games in which the IF is active. Gross revenue to IFs USD million *Olympic Summer Games* 2004 Athens 257 2008 Beijing 297 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 92 2006 Turin 128 2010 Vancouver 209 2014 Sochi 199 2018 PyeongChang 215 The IOC contributes to recognised international organisations, including the World Anti-Doping Agency (WADA), the International Council of Arbitration for Sport (ICAS), the International Olympic Academy (IOA), the International Testing Agency (ITA) and the International Paralympic Committee (IPC). The IOC also supports the IPC by enabling Paralympic athletes to compete in the same city as the Olympic Games, benefit from the same Organising Committee, use the same sports venues and facilities, and enjoy the same conditions for official travel and accommodation as Olympic athletes. A total of USD 44 million was distributed in 2019, making the total contribution for the current Olympiad USD 139 million. The IOC contribution supports the staging of the YOG (Youth Olympic Games). Celebrated for the first time in Singapore in 2010, the YOG is a new Olympic tradition that engages young people through sport, education and cultural programs. IOC contribution to support the YOG USD million *Summer YOG* 2010 Singapore 40 2014 Nanjing 50 2018 Buenos Aires 64 *Winter YOG* 2012 Innsbruck 20 2016 Lillehammer 35

Someone is laughing all the way to the bank while someone else is draining money out a heavy sac.

@ryansutter4291

3 жыл бұрын

A heavy sac huh?

@RaymondHng

3 жыл бұрын

Those people happen to speak Russian.

I think LA hosting in 2028 will also be profitable for LA. We already have so much infrastructure here and any additional money spent to improve it the county will greatly benefit the residents here.

@fatimaani8346

3 жыл бұрын

But the public transport infrastructure is sub par, how will all that crowd be moved around.

@TomNook.

3 жыл бұрын

Shame about the riots

@the7311

3 жыл бұрын

@@fatimaani8346 well then they will need to improve it and in turn it will benefit the county. I wrote all there.

@neeljavia2965

3 жыл бұрын

@@fatimaani8346 They are already trying to expand the railway.

In overall, it’s all about the money that the IOC may get.

Correct title: How IOC sucks your money for taking pride in organizing sports event that should be free

@vivaan2883

2 жыл бұрын

no that's not true, countries bid to host it but their budget goes high

Turn Greece into an Olympic's BnB, they host the olympic but different Countries sponsor the Game, they add new features and remake the look and feel of the permanent grounds/location vast reduction in cost when infrastructure cost mostly removed and Greece get a better deal in the world economy

@sm3675

3 жыл бұрын

Greece (Athens) is ugly.

@offroadsnake

3 жыл бұрын

@@sm3675 respect greece

@xsforreal

3 жыл бұрын

No county would support that. Why would Greece get to host the Olympic games and get all the tourism profits? I'm sure other countries would rather it be then who makes the money. That's why the Olympics go to a new country every year

@offroadsnake

3 жыл бұрын

@@xsforreal and no country support that stay in California either by the way greece it's where born the olimpics

@jdkingsley6543

3 жыл бұрын

@meet beeterz exactly lmao, tf were they talking about

American cities have a major advantage due to having NFL, NBA, MLS, MLB, and even hockey. Not to mention all Major universities have the same facilities.

@alisonsmith4801

2 жыл бұрын

Ever thought that in most European countries they have the same facilities with even bigger stadiums, and better infrastructure and transportation. The world fortunately doesn't revolve around the US.

@seanthe100

2 жыл бұрын

@@alisonsmith4801 I wasn't aware Europeans were into basketball and baseball. I was simply alluding to the 1984 Olympics in Los Angeles winch was the most economical Olympics due to being a large American city with many large sporting venues.

@alisonsmith4801

2 жыл бұрын

@@seanthe100 There not, but they are plenty of large European cities that have outstanding sporting venues and facilities with excellent transportation infrastructure, all easierly accessible to each other, who play and have facilities for more sports than Americans play.

@plantbasedeater1656

2 жыл бұрын

China now has the same and more advanced because they are more recently built.

@susannemoseidbryhni9898

2 жыл бұрын

I think all 1st and maybe even most 2nd world countries have huge sports tournaments and gigantic sports stadiums 🙃 but it’s not your fault for not knowing, I know you guys have a broken education system

So now they're just forcing the games on cities that don't even really want them????? WTF is wrong with the IOC

@seant8292

2 жыл бұрын

LA and Paris had both Bid for the 2024 Olympics originally. The IOC was concerned no one would bid on the 2028 games, thats why they Awarded them to LA when Paris won the 2024 games. These cities both planned on hosting the the games beforehand, they weren't randomly selected or forced.

@moranii1843

2 жыл бұрын

Brain damage

Why does the IOC need that much revenue, like what costs do they have. They pass the bulk of the Olympic Games cost to the cities

@kitkatkruncher22

3 жыл бұрын

Higher cut, they own the sole rights to the Olympics, so they can charge what ever they want since alot of countries want bragging rights and will use what ever tax payer money to do so, while the tax payers for the bill. That's not on top of them hiring friends, family, cutting corners, and taking bribes to build the facilities

There should've been a Wii Sports resort island for the games

They should just design stadiums in a way that can be turned into social housing, open markets or shopping malls or something else that serves the citizens in long terms. Even parking lots or garages for busses would make sense

@nemeanlioness

3 жыл бұрын

why not just cancel it, useless anyways

@brybryguy6314

3 жыл бұрын

What they should do is have two permanent cities to host the games, one for summer and one for winter.

@aussiegaming8156

2 жыл бұрын

Or having it with cities that have the infrastructure Like London La Atlanta Sydney Melbourne or Athens

@justsamoo3480

2 жыл бұрын

Olympic stadiums are always used after the games. Problems become baseball ballparks, beach volleyball arenas, aquatic centres, kayak facilities, velodromes etc. edit: the only olympic stadium that hasn’t been used after was for Pyongyang, which was demolished right after the game.

@brybryguy6314

2 жыл бұрын

@@justsamoo3480 not to mention all the housing facilities that are unused. Like in RIO all their olympic housing towers are just sitting there unused and still owned and tied up with the olympic committee

Olympic: wanna earn billions? Politicians: Yes!

@dilipvats7934

3 жыл бұрын

Putin 🙋‍♂️

@ktelite

3 жыл бұрын

@@dilipvats7934 Putin was smart af to use Olympics to divert people attention away from annexation of Crimea.

Politicians benefit from the Olympics and that's the reason why they will never go away

The Atlanta Games did well. Despite being over budget, the total budget was reasonable and the games made a lasting impact to the area.

@Ellerich3

3 жыл бұрын

I agree and those faculties are still being utilized today, other than the Georgia Dome which is no longer with us 🥺🥺

@RaymondHng

3 жыл бұрын

The venue for tennis, however, fell into disrepair and later demolished.

@Ellerich3

3 жыл бұрын

@@RaymondHng but the investment in said tennis courts probably wasn’t that great compared to Stadiums and housing etc

I’m a Londoner and I think the 2012 Olympic has done very very well for East London. It seems nothing is wasted. I’ll like to see an analysis of it.

@okunrin3

2 жыл бұрын

Thanks, there is a report on London. Check it out guys. It’s made me feel that we did it right. I lived in East London before the Olympics, and I now work in a new swanky building! Westfield shopping centre is one of the biggest in Europe. Well done 👏🏿! I’m proud !

Vancouver benefitted. Highway 99 was improved. A new elevated train is still in use. The big speed skating building was redesigned into a massive community centre for use by local citizens. It is still in use. The torch statue is still there 11 years later. There was a huge extension built onto the Convention centre. It’s also in use.

They should just build an Olympic Island and hold it there every four years

Imagine if only those money spent on these Games would be used to instead alleviate poverty and hunger in many countries around the world. Then everybody's a winner. Just imagine.

Just imagine if a city said "we're going to budget the money required host an Olympics, but then we're just going to build necessary infrastructure with it." Seems like a better solution.

I say we just host the games in N.Korea. they need the infrastructure 😂🤣

@k-studio8112

3 жыл бұрын

You want to get nuke?

@protimsinha

3 жыл бұрын

Comedy Cementary

@maheshp124

3 жыл бұрын

And India

@protimsinha

3 жыл бұрын

@@maheshp124 r/Canconfirmiamindian

@maheshp124

3 жыл бұрын

@@protimsinha ok?

We in Finland still use the Olympic stadium and village that were build for the 1952 Summer Olympic.

@flexiblebirdchannel

2 жыл бұрын

Germany in Munich also, but that was before the IOC made the Olympics a money pit.

@ns7023

2 жыл бұрын

México City as well

Maybe if IOC stop taking all that tv revenue maybe cities would be able to cover some of these costs. It's insane to me that cities spend millions of dollars just for consideration to host the games.

@RaymondHng

3 жыл бұрын

The IOC does redistribute its revenue towards costs, but not the entire cost. From the 2019 annual report at stillmed.olympics.com/media/Document%20Library/OlympicOrg/Documents/IOC-Annual-Report/IOC-ANNUAL-REPORT-2019.pdf : The IOC redistributes 90% of its revenue from an Olympiad to support the staging of the Olympic Games and promote the worldwide development of sport and the Olympic Movement. The IOC retains only 10% of Olympic revenue for IOC activities to develop sport and to cover the operational costs of governing the Olympic Movement. The IOC contribution supports the staging of the Summer and Winter editions of the Games. This includes direct contributions to the OCOGs (Organizing Committees for the Olympic Games); considerable costs that previously had been borne by the OCOGs, such as the host broadcast operation; and various forms of Games support to the OCOGs, including through its Transfer of Knowledge programs. IOC contribution to support the Games USD million *Olympic Summer Games* 2004 Athens 965 2008 Beijing 1,250 2012 London 1,374 2016 Rio 1,531 *Olympic Winter Games* 2002 Salt Lake City 552 2006 Turin 561 2010 Vancouver 775 2014 Sochi 833 2018 PyeongChang 887 The IOC distributes revenue to each of the 206 NOCs (National Olympic Committees) throughout the world to train and develop their Olympic hopefuls, athletes and teams. The IOC also contributes revenue to Olympic Solidarity, an autonomous commission that distributes revenue to NOCs. Gross revenue to OS/NOCs USD million *Olympic Summer Games* 2004 Athens 234 2008 Beijing 301 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 87 2006 Turin 136 2010 Vancouver 215 2014 Sochi 199 2018 PyeongChang 215 The IOC provides revenue to the IFs. (International Sports Federations) These funds, which are used to support the development of sport worldwide, are distributed after the completion of the Games in which the IF is active. Gross revenue to IFs USD million *Olympic Summer Games* 2004 Athens 257 2008 Beijing 297 2012 London 520 2016 Rio 540 *Olympic Winter Games* 2002 Salt Lake City 92 2006 Turin 128 2010 Vancouver 209 2014 Sochi 199 2018 PyeongChang 215 The IOC contributes to recognised international organisations, including the World Anti-Doping Agency (WADA), the International Council of Arbitration for Sport (ICAS), the International Olympic Academy (IOA), the International Testing Agency (ITA) and the International Paralympic Committee (IPC). The IOC also supports the IPC by enabling Paralympic athletes to compete in the same city as the Olympic Games, benefit from the same Organising Committee, use the same sports venues and facilities, and enjoy the same conditions for official travel and accommodation as Olympic athletes. A total of USD 44 million was distributed in 2019, making the total contribution for the current Olympiad USD 139 million. The IOC contribution supports the staging of the YOG (Youth Olympic Games). Celebrated for the first time in Singapore in 2010, the YOG is a new Olympic tradition that engages young people through sport, education and cultural programs. IOC contribution to support the YOG USD million *Summer YOG* 2010 Singapore 40 2014 Nanjing 50 2018 Buenos Aires 64 *Winter YOG* 2012 Innsbruck 20 2016 Lillehammer 35

To me it would make sense to pick a dozen or so cities around the world to be rotating hosts of the Olympics. When not hosting use the facilities as training centers for athletes from anywhere. There's already housing on the Olympics sites the training athletes and coaches could rent.

The genius of the 1984 Summer Olympics in Los Angeles was to use and refurbish older facilities like the Coliseum instead of building up new ones. There was also plenty of facilities available across the region such as the ones at UCLA or USC among others.

The Olympics require a highly organized government with a large amount of demand for stadiums after the games.

Also. A small window for construction doesn’t allow for price competition. It’s usually rife in corruption since they preselect their friends for infrastructure projects and charge whatever they feel.

I have 2 simple solutions. 1. Use countries with infrastructure already built. 2. Every 2 or 3 Olympics have a "default" country with proper infrastructure and use the excess profit to assist those without the infrastructure on the years you use other places. It's not really a difficult issue to handle.

I heard a lot of japanese people were against Japan hosting the olympics and honestly I would be too. Good thing my country is so small it'll never hold the olympics

@vlesmeries

3 жыл бұрын

Would you want to either when 90% of your population is not fully vaccinated, the new Delta+ variant is 50% more dangerous and the pandemic is still raging around the world? It's just dumb and extremely dangerous that the IOC is insisting it has to happen this year. The IOC promises to boost international tourism. If they delay it another year, the games can open up to most of the world to come visit Japan and boost the stagnant economy. Instead, they're forcing local folks to spend money and support the games (and fill the IOC's pockets).

@justsamoo3480

2 жыл бұрын

Pre-pandemic they did support it. Tokyo was on track to become a success story like London 2012, however now that Japanese government failed a vaccine roll out and costs skyrocketed, public support nose dived.

@BNK2442

2 жыл бұрын

@@vlesmeries There was an anti olympic movement in Japan before the pandemic. I found one article called "‘NOlympics Anywhere’: Unprecedented Transnational Olympics Protest in Tokyo" from July 2019 saying: "It was Wednesday, July 24 in the teeming district of Shinjuku, Tokyo, the summer evening air sizzling with energy. And for the transnational anti-Olympics movement, the moment was historic-not just for the legions of passers-by exposed to the critical message but for the unprecedented transnational nature of the march. Organized by the Tokyo-based collective Hangorin no Kai (‘the Anti-Olympic Group’), the protest featured representatives from NOlympics LA (LA 2028), NON aux JO2024 à Paris (Paris 2024), the Anti Pyeongchang Olympic Alliance (Pyeongchang 2018), the Popular Committee on the World Cup and Olympics (Rio 2016), and the Counter Olympics Network (London 2012). There were also participants from Seoul and Jakarta, two cities that are considering bids for the 2032 Games."

@sonsuenos

2 жыл бұрын

This is true protests are happening now

If a city does not already have all or almost all the venues built before launching their bid to host the Olympics, they really should not be thinking of hosting them at all.

Each and every one of the stadiums, facilities and buildings built for the 1968 Mexico Olympics are still operational to this date and benefit many people ... As I see it, the secret is to have an architecture designed for the people and not sterile, disposable and without a future structures designed by snooty architectural firms to overwhelm the media.

@psychout3481

2 жыл бұрын

Hard to have a profitable Olympic these days, like during 1968, when today the IOC takes up 51% of the revenue of the event.

@chema8360

2 жыл бұрын

@@psychout3481 you're right

London 2012 got it right, the olympic investment completely revitalised east london. Also the venues built are still in use to the benefit of British people and athletes.

Why not split the games into multiple cities so the burden is more spread out.

@aaronlane8276

3 жыл бұрын

ikr, they do that with the Fifa World Cup, why not do it for the Olympics?

@hoddo121

3 жыл бұрын

The 2032 bid which is 95% likely going to Brisbane is doing this. The games will be spread out to the Gold Coast, Sunshine Coast and maybe even more. And with no new sporting venues needing built just upgrades it could pay off

@RaymondHng

3 жыл бұрын

@@hoddo121 The IOC also modified the Olympic Charter to increase its flexibility by removing the date of election from 7 years before the games and changing the host as a city from a single city/region/country to multiple cities, regions, or countries.

@latadhanuka9849

2 жыл бұрын

@@aaronlane8276 Not just football... any sport World Cup are held in diff cities and always has been but don't know why it isn't applied on Olympics

@whatthefisfilipinx

2 жыл бұрын

I was thinking the same thing! Why not the concept of a whole continent taking part in the Olympics? For example in Asia, Tokyo will have the opening ceremony while Manila will have Basketball (you get my point) I think countries will have time to prepare because they're only focusing on a particular sport and not focus on the whole event in general.

Listening to the list of things the Olympic village ‘has’ to have… really? Just cater in or something. It’s just temporary. If the restaurants or whatever isnt already there or nearby then the accommodations is in the wrong place and would certainly be useless locally after the games.

@cubxiomara

2 жыл бұрын

There literally has to be food being made around the clock nor breaks for over 17,000 people and it makes more sense to cook it there and have big cafeterias (which is how they serve their food) there’s a lot of extra tourism stuff they include to make it more a fantasy experience for players that cities don’t need to have, Rio has so much wasted park space it’s sad

Atlanta 1996 did very well managing cost, due in part to Coca Cola (headquartered there) helped with some costs. The city government also had a good plan for the venues use after those games.

Y'all should have mentioned the idea to choose 1 - 2 locations on each continent to host the games and solve most of the expensive problems of the Olympics and World Cup for that matter.

The IOC needs to give more!! If it's really this much it's not worth it. The bids sound insane. It should be just countries offer to host and the IOC should help them build. Not cities building then possibly getting chance to host.

The Montreal Metro was not built for the Olympics but for the international Expo of 1967, only few stations were added for the Olympics.

@LuckyK7777

3 жыл бұрын

And what happened to those expos? No more? Could that happen to the Olympics?

@cooksowell

3 жыл бұрын

@@LuckyK7777 In fact the 1967 International Expo had a seismic effect on the society, opening a close and retrograde culture to the world. In terms of infrastructure it constructed some essential facilities that are still in great usage today. I speak from experience being a French Canadian born in the sixty and living in Montreal. The Olympics in 1976 was a financial disaster that indebted the citizen for decades and in my view had little positive outcome. It diverted huge sums of money to things that would have helped, like health, education and affordable housings. Olympics are just a sporting event that has become a vanity project for government and politicians and has little effect on the population.

@LuckyK7777

3 жыл бұрын

@@cooksowell I went to the 1984 one in New Orleans then I never heard much about new ones again. I just did a Wikipedia search to find they are still going. I don't hear much about them.

@RaymondHng

3 жыл бұрын

Building an extension to the Montreal Metro for the 1976 Olympic Games was not cheap. After being awarded, in May 1970, a loan of $430 million ($2.7 billion in 2016) was approved by the Montreal Urban Community on February 12, 1971 to fund the extensions of Line 1 (Green Line) and Line 2 (Orange Line) and the construction of a transverse line: Line 5 (Blue Line). The Government of Quebec agreed to bear 60% of the costs. The work on the extensions started October 14, 1971 with Line 1 (Green Line) towards the east to reach the site where the Olympic Stadium was to be built and Autoroute 25 (Honoré-Beaugrand station) that could serve as a transfer point for visitors arriving from outside. The extensions were an opportunity to make improvements to the network, such as new trains, larger stations and even semi-automatic control. The first extension was completed in June 1976 just before the Olympics. Line 1 (Green Line) was later extended to the southwest to reach the suburbs of Verdun and LaSalle with the Angrignon as the terminus station, named after the park and zoo. This station opened in September 1978. In the process, further extensions were planned and in 1975 spending was expected to reach reached $1.6 billion ($7.3 billion in 2016). Faced with these soaring costs, the Government of Quebec declared a moratorium May 19, 1976 to the all-out expansion desired by Mayor Jean Drapeau. Tenders were frozen, including those of Line 2 (Orange Line) after the Snowdon station and those of Line 5 (Blue Line) whose works were yet already underway. A struggle then ensued between the MUC and the Government of Quebec as any extension could not be done without the agreement of both parties. The Montreal Transportation Office may have tried to put the government in front of a fait accompli by awarding large contracts to build the tunnel between Namur station and the Bois-Franc station just before the moratorium was in force.

So the IOC gets flown around, has costly demands, and pampered and takes a majority of the income from the games without risking anything out of pocket. I'm in the wrong business lol

These facilities should've been converted into venues for concerts, parties, events, etc., Instead, they sit their idle. You could also turn it into a large park. Plenty of ways to use these infrastructures. Unfortunately, we all know what happens. Olympics games are a great way for corruption to go rampant. It's the same with stadium arenas being funded in the states. Wealthy team billionaire owners get a subsidized arena at the cost of taxpayers.

@SdoubleA

3 жыл бұрын

In London, our Stadiums were designed to be used after the games. The stadium is now a football stadium. The swimming pool is now a leisure centre. Copper Box Arena is an actual boxing gym. The athletes' quarters are all flats that have been sold or rented out and Stratford is now one of London's nicest places.

@1964mcqueen

3 жыл бұрын

In most cases the venues are too expensive for the host city/country to keep up. They can cost millions each year to maintain and most facilities are only good for the sport they were designed for. A velodrome is not good for anything but cycling and too expensive for local cyclist to maintain on their own.

@FKS1994

3 жыл бұрын

@@1964mcqueen I don't disagree about the maintenance but where I live, NYC, taxdollars go to a ton of various projects. Keeping these venues open and under maintenance would increase jobs and the lifestyle for many people. Like I've stated, imagine if you could turn these into huge parks and allow commercial stores or events to operate... There are plenty of ways to make it viable but the intentions of it generally aren't planned with that being in mind.

@wdmc2012

3 жыл бұрын

If a country/city doesn't have these facilities before they host the olympics, then they are not going to need them after the Olympics. But it's the countries that put in bids to be hosts, so they are literally asking for trouble.

@1964mcqueen

3 жыл бұрын

@@FKS1994 it would be much cheaper to just build the parks and do the upgrades to public spaces instead of building multi-billion dollar facilities that only serve their pupose for 2 weeks before needing millions more to make them useful to the community.

Having worked on 1984 Olympics, our success (not duplicated by other LOCs): A leader who was a businessman who was a genius in travel and entertainment (versus politicians). We got to keep most of the TV money (instead of the IOC taking it). Ueberroth practically invented sponsorship naming rights, a great deal of the infrastructure was paid for by the sponsors who wanted their name displayed, we also got product for free (at HQ there were free coke products, free chocolate, managers had free cars). While we had built the 1st Olympic village in 1932, in 1984 we used the UCLA and USC dorms to house most of the athletes and only building temporary structures for athlete entertainment. Many venues were still around from from 1932 and others had built for non Olympic use . Some venues were temporary structures which were little more than plywood shacks with nice paint jobs. Ueberroth hired experts, many who he knew for his business career, if they didn't perform, he fired them on the spot. We had a trouble shooting team that effectively helped the managers.

@RaymondHng

3 жыл бұрын

And yet a new stadium is being built for the Opening/Closing Ceremonies

London 2012 was probably the most successful in modern Olympic history,an incredible legacy...I suggest you visit East London!

All future summer Olympics should be held in Las Vegas. All the stadiums, hotel rooms, etc.. are already built.

@baaskas5428

3 жыл бұрын

>America

@klonoafan2012

3 жыл бұрын

Las Vegas actually tried to bid for a olympics games once but the ioc rejected them even before they tried to pitch it

@baaskas5428

3 жыл бұрын

@@klonoafan2012 that's based af

@RaymondHng

3 жыл бұрын

@@klonoafan2012 An American city must be selected by the United States Olympic Committee in order to submit a bid to the International Olympic Committee. The USOC at the time confirmed that the United States was not going to bid. Las Vegas, however, submitted a bid to the IOC without USOC consent and were rejected by the IOC because they did not have the required USOC consent.

The only successful Olympics I can think of is London 2012. Most of the buildings were temporary structures and some other stadiums are there can be used by the public.

@percyppenguin8687

3 жыл бұрын

Have a look at the Sydney games. All the venues that were not temporary and still used, especially the Olympic stadium is used every weekend to host multiple sporting events (soccer, rugby, rugby league all have home teams based in it)

@meluk6991

3 жыл бұрын

Flew to Sydney for a week long conference that took place in Sydney Olympic Park in 2015 and was blown away at how well utilized the infrastructures were from 2000. They even let my team book a box room to use in the rugby stadium to hold a meeting in and it proved a wiser choice as the guests experience a change in scenery from the mundane conference room approach. I even delayed the meeting time to 5pm and added free drinks for guests so it was more of a happy hour meeting with a view of the stadium. It was brilliant!

@billyzee261

3 жыл бұрын

VP Harris has asked volunteers in Atlanta and elsewhere to go door to door and encourage them to get their vaccine. She states that the President's goal of 70% is falling way short and that we must do this to save lives. Please people, let's get serious, get yourself and your family vaccinated. Talk to your friends and together, we can save lives!

@socialistsolidarity

3 жыл бұрын

@@percyppenguin8687 Yes also apart from Sydney. But still very few cities have managed to make a success out of it.

@percyppenguin8687

3 жыл бұрын

@@socialistsolidarity so maybe we all should stop blaming the Olympics and start blaming the completely inept governments who run the host cities

Yeah Montreal got the metro (they only replaced the original trains a couple years ago), but the city was in debt for 30 years. urban planning and development was basically put on hold for an entire generation. it's only been improving since the late 2000s, but unfortunately that has the effect of driving up housing prices and rent.

Yes- it’s not worth it, we held the Olympics here in London & if it wasn’t for WHU FC taking the stadium with a reduced rent then it would be sitting their idle.

@Starmix90

3 жыл бұрын

I live in Stratford and I agree with you regarding West Ham part, however I do think it’s fantastic how much of legacy has been left my the games in Stratford. The Olympic park hosts several teams, clubs and events. The Westfield centre alongside the new east bank site helps really adds a lot of culture and excitement to the area. I’m sure it’s all dirty money, but what do we truly expect 😅

@JamesJohnAgar

3 жыл бұрын

@@Starmix90 it’s good you have Stratford International & transport links as well as the Westfield Centre. You also have the copper box arena for events/boxing I think, Otherwise I think the area would be deserted.

@SdoubleA

3 жыл бұрын

@@JamesJohnAgar And the swimming pool has been turned into a leisure centre.

Another huge issue is that the "revenue" from building sports stadiums (including hosting the Olympics) never actually stays in the host city. There are several reasons why, including that people who staff and play at sport events usually don't live in the area, food and merchandise sold at the event comes from non-local areas, and people who spend money on sporting events aren't spending "more money" than they otherwise would have; they are just choosing to spend their money on a scam sporting event rather than at a local restaurant etc.

Indonesia Asian games leftover facilities is know utilized for emergency hospitals..

They are going to have to start paying the city’s to host the games. They should at least let the host city keep the broadcast money.

The World Cup for the US will cost nothing as they already have all the best stadiums of the world from the NFL. In LA, Vegas, Atlanta, Houston/Dallas, Arizona, New York, Minnesota, New Orleans. All of these are massive indoor stadiums (except NY) that have hotel capacities.

@sapihrcristal

3 жыл бұрын

Since when is mexico and canada part of the usa ?

@alisonsmith4801

2 жыл бұрын

Best stadiums in the world for football, erm I think England, Spain and Germany would beg to differ. Do you actually have a world class stadium built for football.

Japan has ruled that no foreigners will be allowed in to see the events. Only Japanese citizens will be allowed to attend and the maximum number allowed in the main arena will be 10,000.

@Dr.Pepper001

3 жыл бұрын

@Ben Kang -- Only 4% of Japanese have had the Covid vaccine. They are afraid of both the vaccine and the virus.

@jackiez9510

3 жыл бұрын

@@Dr.Pepper001 no it’s cause they actually have a brain and wear their god damn mask and maintain social distancing even if it’s not required. Their customs and culture also decreases the infection rate.

Not to nitpick, but biannual means twice a year. You meant biennial.

We know what happened in Rio.. (tip: starts with cor and ends in ruption)

Notice how they mainly glanced over the fact that the Olympic Body that decides where the game are held and such, which only operates every OTHER YEAR, makes 2 BILLION DOLLARS in revenue which the costs of the games are SUPPOSEDLY 2B DOLLARS. It's a small group company with too big a strangle hold on the games too

Australia has its own way of hosting olympics once the games are over we turn the stadiums into football and cricket grounds swimming pools turn into public Sydney still uses the facilities from the last olympics

@equarg

3 жыл бұрын

As an American, I got to see that. I even got to see the pool! The super high diving board was closed (but they showed up the bubbling device under water used to help soften water impacts due to the great height involved). Glad to see how many more permanent features were used after the games. Good for you guys! 👍

@RaymondHng

3 жыл бұрын

Sydney Olympic Stadium (now Stadium Australia) removed seating capacity of the stadium from 115,000 to 82.500.

I get that seeing the best humanity can offer is neat, but it is really worth THIS much?

@oxdhaoxt3694

3 жыл бұрын

Yes

@user-tz5uq2bt1s

3 жыл бұрын

@@oxdhaoxt3694 Let the people who care about it pay for it, and the people who don't get that tax money refunded. I have zero interest in the Olympics and see zero benefit from their presence in my country. Better yet, don't use taxes to finance them. Let them sell tickets and fund themselves like any other private business.

@anechkagee5372

3 жыл бұрын

Correction: "best humanity can offer with the help of drugs"

Excellent reporting on how Olympic bidding got so expensive!👍

It should just be held in Greece all the time. One site and competing nations help pay for the upkeep.

@HM-cn5sz

2 жыл бұрын

True. Instead of having it city by city, spending billions every other 2 years and putting the money to waste right after the games. Why not make a REAL olympic village that could be used for many years?

You need to have plans for the venues POST olympic games if you hope to turn a real profit.

Woo! Salt Lake city was the only game under budget. I am so proud of Utahns!

10:15 1998 Nagano: you cant overrun the initial budget if you don't have one

I love CNBC but could you please do something about those CCs?

One way to make the games a lot more cheaper for the hosting city is to get rid of the extreme corruption of the Olympic governoring body who takes millions in bribes

@Francois_Dupont

3 жыл бұрын

also they spend millions just trying to remove all homeless and clean up the city in order to look good.

@Donkeyearsa

3 жыл бұрын

@@Francois_Dupont In most places thats not that hard. Like say in China where they just arrest them and make them disappear. Well that is until someone wants a organ transplant of course.

@MatthewStinar

3 жыл бұрын

Cities need to treat the IOC like any other criminal organization.

@Donkeyearsa

2 жыл бұрын

@@MatthewStinar I don't know that would work. The IOC are the ones who are demanding the bribes they are not offering the public officials the bribes.

@MatthewStinar

2 жыл бұрын

@@Donkeyearsa Itt would work like this: 1. Refuse to do business with them in any manner whatsoever. 2. Investigate them if they try to operate in your jurisdiction or make contact with anyone in your jurisdiction. 3. Prosecute them for any and all crimes uncovered during investigation.

The IOC just needs to give the tv rights to the city

I feel I've seen this video already. Did you re-uploding old videos @CNBC ?

I believe there are three types of Olympic hosts that would make the games sustainable and give a positive legacy: 1) Have the games be hosted by a previous host city such as LA, London, Paris and Sydney for summer games and Vancouver, Calgary, Salt Lake City and Turin for winter games who had successful impacts hosting and still have the venues needed. 2) Have the games hosted by a new host that has all the infrastructure and at least 80% of the permanent venues needed to host. Cities like Toronto, New York, Chicago, Madrid, and Brisbane have all or most of the venues needed and have permanent tenants. 3) Have the games co-hosted by multiple cities in the same country or a whole country similar to the world cup of soccer. For example, Toronto and Montreal co-hosting the summer games and Calgary and Edmonton (it can be named Alberta 20??) hosting the winter. I remember here in Canada it felt like the whole country was hosting the Vancouver 2010 winter games with all the buzz and there's normally a lot of federal funding that goes into it anyways. By the looks of the current choices by the IOC for future hosts it seems like their going in that direction. Hopefully these hosts will be successful and profitable which will bring back the magic and excitement that the Olympic games use to have.

I think the Olympics now needs a dedicated site and facilities where they're held ever Olympics year and money spend on keeping those facilities up to date and maintained. Idk how that could be funded but think that's better than current system cities spending billions of dollars on facilities often only used once and fall into disrepair. I also know the spirit of the Olympics is international cooperation and competition and this has been a tradition of cities and different countries being involved in hosting. Plus where would this facility or two be located and if we picked this city or county, worries other would be upset about that choice.

It is no less or no more than a sport event. Why not using the existing facilities?

@AwesomeSauce7176

3 жыл бұрын

I doubt Rio had a facility big enough for the Olympics. Also as a matter of national pride they probably wanted it to be new and shiny

@jasonfarkas4719

3 жыл бұрын

@@AwesomeSauce7176 Think he means use rio multiple years in a row

@linus4108

3 жыл бұрын

blind nationalism and greedy politician

@latadhanuka9849

2 жыл бұрын

@@AwesomeSauce7176 U can check a video regarding how Rio managed to hide the poverty sufferings of people for the Olympics

13:53 Uh, not really. The metro was started for the 1967 world's fair, and the 1976 olympics added less than ⅓ to it. Far more extensions were added *after* the olympics than as part of them.

With Sydney all the venues where use after the games and are still good order