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The Rising Cost of the Olympics

THE RISING COST OF HOSTING THE OLYMPICS
THE OLYMPIC GAMES ARE SOME OF THE MOST EXPENSIVE MEGA EVENTS THE WORLD HAS EVER SEEN

COST OF HOSTING THE GAMES
London 2012 is on course to be one of the most expensive games ever - London 2012 $14.8 billion (Pound 9.5 billion)
London 2012 is set to cost $2 for every person on earth

GDP Per Capita LONDON 2012 BY THE NUMBERS ($840m (Pound 537m) Olympic Stadium

GDP Per Capita Canada $8,625 - Montreal 1978 $6 billion (pound 3.8 billion)

GDP Per Capita USSR $3,700 - Moscow 1980 "About $2 billion" (Pound 1.2 billion)

GDP Per Capita USA $16,635 - Los Angeles 1984 $785 million (Pound 5.5 million)

GDP Per Capita South Korea $4,571 - Seoul 1988 $4 billion (Pound 2.5 billion)

GDP Per Capita South Korea $15,691 - Barcelona 1992 $11.4 billion (pound 7.3 billion)

GDP Per Capita Spain $29,077 - Atlanta 1996 $3.8 billion (pound 2.4 billion)

GDP Per Capita Australia $20,731 - Sydney 2000 $4.2 billion (pound 2.7 billion)

GDP Per Capita Greece $20,860 - Athens 2004 $3 billion (pound 1.9 billion)

GDP Per Capita China $3,404 - Beijing 2008 $5.5 billion (pound 3.5 billion)

GDP Per Capita U.K. $38,891 - London 2012 $14.8 billion (pound 9.5 billion)

COST OVERRUNS OF THE GAMES
London 2012 is on course to cost 101% over budget
101% London 2012
60% Athens 2005
147% Atlanta 1996
4% Beijing 2008

LONDON 2012 BY THE NUMBERS $774 (pound 495) cost of an Olympic Torch

147% Barcelona 1992
796% Montreal 1996
90% Sydney 2000

LONDON 2012 BY THE NUMBERS $31,000 (pound 20,000) Fine for Streaking

PROFIT AND LOSS

Loss - Montreal 1976 $ 1 billion (pound 644 million)

Profit - Beijing 2008 $16 million (pound 10 million) claimed by the State

Atlanta 1996 $10 million (pound 6 million)

Barcelona 1992 $ 5 million (pound 3 million)

Los Angeles 1984 %250 million (pound 161 million)

Seoul 1988 $ 300 million (pound 193 million)

MEDALS VS GDP

LOS ANGELES 1984
GDP (in Trillions) CHINA $454,455 MEDALS WON 32 - USA $3,930,925 MEDALS WON 174 - GB $633,316 MEDALS WON 37

ATLANTA 1996
CHINA 2,054,666 MEDALS WON 50 - USA 7,838,475 MEDALS WON 101 - GB 1,198,721 MEDALS WON 15

BEIJING 2008
CHINA 8,214,366 MEDALS WON 100 USA 14,291,550 MEDALS WON 94 - GB 2,203,716 MEDALS WON 47

COST PER ATHELETE
London 2012 $1409523 (pound 908,090) - Beijing 2008 $498,730 (pound 321,348)
Athens 2004 $282,352 (pound 181,918) - Sydney 2000 $181,918 (pound 253,420)
Atlanta 1996 $368,288 (pound 237,250) - Barcelona 1992 $1,218,469 (pound 785,023)
Seoul 1988 $476,701 (pound 307,124) - Los Angeles 1984 $114,950 (pound 74,068)
Moscow 1980 $386,174 (pound 248,831) - Montreal 1976 $836,820 (pound 539,122)
Munich 1972 $85,216 (pound 54,900) - Mexico 1968 $31,645(pound 20,389)
Tokyo 1964 $373,907 (pound 240,884) - Athens 1896 (pound 1,196)

TELEVISION RIGHTS
Moscow 1980 $88,000,000 (pound 56,706,157)
Los Angeles 1984 $288,300,000 (pound 185,801,977)
Seoul 1988 $407,100,000 (pound 262,365,538)
Barcelona 1992 $635,600,000 (pound 409,649,474)
Atlanta 1996 $930,000,000 (pound 599,383,563)
Sydney 2000 $1,250,000,000 (pound 805,776,425)
Athens 2004 $700,000,000 (pound 451,199,614)
Beijing 2008 $2,000,000,000 (pound 1,289,238,001)

LONG TERM IMPACT OF THE GAMES IN UK

Total Economic Stimulus: +$7.9b (pound 5.1b)
Increase in economic output per year: +$2.1b (pound 1.37b)
Additional income for UK residents: +$463m (pound 296m)

WHERE THE MONEY IS COMING FROM
$3.4 billion National Lottery
$1.4 billion Greater London Authority
$9.4 billion central government
$391 million London Development Authority

Corporate Sponsorship: $155 m adidas, $124 m EDP, 14 m Lloyds, 77m Panasonic, $77 m BP

TOTAL ESTIMATED BUDGET $14.6 billion.

The Rising Cost of the Olympics

shared by Eavesy on Jul 17, 2012 in Olympics

The Rising Cost of the Olympics

shared by Eavesy on Jul 17, 2012 in Olympics

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With the 2012 Summer Olympics fast on our heels, we thought that we would look at how some of the countries that have hosted the big games in the past have stuck to their budget, or not - as you'll so...
Rank: 66 of 261 in Olympics

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