Who Actually Pays for The Olympics?

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Who Actually Pays for The Olympics?

Postby Rajashaker123 on Fri Nov 08, 2019 9:25 am

[url=http://freebitcoin.co/forum/showthread.php?tid=802767
]Taxpayers Foot Some of the Bill [/url]Who pays these high prices? Taxpayers of the hosting city will foot a good portion of the bill. For the 2012 London Games, taxpayers were responsible for $4.4 billion of the costs. Boston also pulled out of the 2024 Games bidding when the mayor found out locals could be held accountable for run-off costs. extra torrents
The International [url=http://cskurnik.eu/showthread.php?tid=503136
]Olympic Committee’s Part [/url]The International Olympic Committee (IOC) and all of the related organizations within the Olympic Movement are privately funded. The committee only retains 10% of its funding and disburses the other 90% to the Olympic games and to support the worldwide Olympian movement. This funding includes monies for national Olympic committees and financial support so every country can compete. Debt and The Olympic [url=http://www.snsgarage.com/forum/showthread.php?tid=416135
]Games Many cities [/url]will end up going into debt because they hosted the games. Economists questioned how badly the 2016 Olympics would hurt Rio, since Brazil was facing the worst recession since the 1930s at that time. yify official
Even with the downturn of the economy, the Brazilian government authorized an $850 million loan to Rio to build its Olympic infrastructure. Politicians have justified the high costs of the games as a [url=http://tattooforum.com/viewtopic.php?f=5&t=697999
]chance to boost overall profits [/url]and economy. However, that is not always the case. Rio overspent significantly over its original budget of $2.8 billion in its bid, an overrun of 368%. Most of the 2016 Olympics venues were abandoned after the games, and Brazil's real GDP declined continuously throughout the year of 2016. While hosting the Olympics is a big deal for a country, it can also come at the cost of the taxpayers. Many times the fame of the Game only lasts until the pro-athletes and cameras are gone. imei check verizon
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Re: Who Actually Pays for The Olympics?

Postby hayesmark on Fri Nov 08, 2019 10:35 am

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