Who keeps the financial benefits from the Olympics? - ProProfs Discuss
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Who keeps the financial benefits from the Olympics?

Who keeps the financial benefits from the Olympics?

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Asked by H.Donna, Last updated: Dec 23, 2024

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A.Jeff

A.Jeff

A.Jeff
A.Jeff

Answered Feb 26, 2018

When a city and its country gets selected as the host country of the Olympics, it may seem like the city spends the next few years celebrating and waiting for the Olympics to come. However, the city must spend a lot of money preparing for the Olympics. They must build the correct field, stadiums and other areas that are needed for each and every event. Even though it may seem that a few events could use the same field, stadium or area, it may not be able to.

For example, figure skating events may use the same ice arena that the hockey teams use, but they can’t due to time constraints and the length of the arena needed for each event. Therefore, after spending billions of dollar to create the Olympics, the city keeps the money made from the events.

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