Quote:
Originally Posted by zhulander
If you are actually looking beyond the bias reporting, look at pg 12 of the report, it literally says PUBLIC FUNDING OF GAMES OPERATIONS at $1.248 billion, FUNDING OF HOSTCO OPERATIONS $2.018 billion. Please explain how 91% of operating the games is through private funding?
|
Operating the Games costs money. Where does that come from? The air?
You have to spend money to make money as a business. I know for my two businesses we put up a lot of upfront costs to make profit down the road. It's a similar scenario here. You spend money to update facilities, infrastructure, build new venues, hire people, get everything ready for those 50 days surrounding and including the Olympics. What you get out of that is income from Sponsorships, Broadcast Rights, Ticket Sales, Merchandising, Licensing, IOC Contributions, Tourism, Venues, Low Income/Senior Housing that last and operate far beyond those 50 days.
People seem to forget the income portion of that balance sheet. You can make educated assumptions on income, based on previous Olympic games like Vancouver 2010.