However, economists believe the Tokyo Olympics will cost around 400 per cent more than its original budget, and most of it will not be able to be recouped.
Just postponing the Olympics by a year amounted to an extra $3 billion in expenses from facilities, maintaining Covid-19 protocol and additional funds for public health measures. The Organising Committee had to negotiate new contracts with venues and delay selling off the Olympic village dormitories as condominiums, among other increased costs due to the delay. Overall, Zimbalist estimates the delay carried a price tag of $5 billion.
“The IOC keeps the media rights and they keep international sponsors and that’s how they generate their revenue. So, for this year, the combination of the TV rights and the international sponsorship rights are going to be something around $5 billion,” he said. “Whether the USA basketball team is being led by Steph Curry and LeBron James, or a local high school team from Honolulu doesn’t make any difference at this point because they’re not selling any tickets to that game,” Matheson added.
Exactly what QLD is headed for in 2032
Well, cop it sweet. Selfish, selfish people. Allowing Olympics when hospitals are at breaking point. Doctors, bless them, at breaking point Japanese people demonstrating against Olympics in their country. Get a conscience.
better than 600 million for scumo 's car parks
To think the Queenslander government wanted and won this cancerous tumour to inflict on the Australian public.
Pass the hat around. At least they hosted.
Every country involved should be contributing to this cost. They all wanted it. Hardly fair to Japan and it’s people who didn’t want it.
The Olympics are a worse investment opportunity than Onetel.
And AnnastaciaMP thinks she’ll keep her budget intact with any blowouts? 🤣🤣🤣
Well no shit. There were no crowds, no tourists. Of course itll cost a bucketload. It was a deathtrap
Lol no wonder nobody else wanted the 2032 games
Lmao