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Ioc Contribution $600 Million Dollars


Rafa

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At the moment based on the 2012 bid books, the IOC contributes $600 million dollars to the host city. Would and could this figure perhaps be increased significantly in future to form a larger part of the revenue of a host city. Take London 2012, the IOC contribution formed a quarter of the London 2012 projected revenues. What if the IOC agreed to contribute half and double from 25% to 50%. Would this not help the less wealthy cities or countries to stage the games? Could the IOC contribution perhaps not be linked to the GDP or another relevant index, resulting in a higher contribution if e.g. cape town or rio or cairo were to be chosen as the host city. Alternatively, would IOC members start to choose the least cost option? That being cities that would require a lower IOC contribution.

I do not expect the IOC to fund the entire games, but surely its something to consider if the IOC is the cash cow everyone makes it out to be.

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At the moment based on the 2012 bid books, the IOC contributes $600 million dollars to the host city. Would and could this figure perhaps be increased significantly in future to form a larger part of the revenue of a host city. Take London 2012, the IOC contribution formed a quarter of the London 2012 projected revenues. What if the IOC agreed to contribute half and double from 25% to 50%. Would this not help the less wealthy cities or countries to stage the games? Could the IOC contribution perhaps not be linked to the GDP or another relevant index, resulting in a higher contribution if e.g. cape town or rio or cairo were to be chosen as the host city. Alternatively, would IOC members start to choose the least cost option? That being cities that would require a lower IOC contribution.

I do not expect the IOC to fund the entire games, but surely its something to consider if the IOC is the cash cow everyone makes it out to be.

Ya know, what the IOC contributes would only be for the staging of the Games. That would not include the infrastructure or the security. If a good candidate is short 6 venues, ten thousand hotel rooms and a subway system, the IOC is not putting up the money for that. The locals will still have to spend for that.

You have to separate the one-time, temporal costs (ticketing, banners, etc.) associated with staging of the Games from those that will permanently stay in the host city (infrastructure); and security. (Although I feel that the IOC should pick up the majority of the security tab.) So even if the IOC increases their share of the cost of staging the Games, it still has to be staged in a country with a relatively prosperous economy. A borderline or a deficit economy can't stage the Games (not unless you're the U.S.) :lol:

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