Olympic Games A Waste Of Money

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Are major sporting events like the Olympic Games a waste of money? Are the Olympic Games a waste of money? The Olympic Games are an international event where athletes from every country come together to compete. Many fans and spectators attend this event to cheer for their country. The number of spectators keeps on increasing every four years as the event gets more popular. As this is an international event the cost of hosting it is huge. For instance, the total output of the 1976 Montreal Games was $1.48 billion whilst the 2012 London Games was an insurmountable $14.6 billion. Stadiums are built for different disciplines, and national representatives are invited to perform in the opening and closing ceremony, As a result the stadiums need a high level of security. In this essay I will be debating about the benefits and consequences of the Olympic Games. The three main points which will be covered are; where the hosting country receives the money from, whom it will benefit, and what it does to the country.…show more content…
One could say it’s from the public while others says it’s from sponsors. According to “The Guardian” both of these statements are correct. In the 2012 London Games the money came from the central government (which involves taxes paid by the population and organizations), sponsorships from around the world, national lottery, the International Olympic Community, and TV broadcast rights. Hence it is understandable that the population is questioning, whether the taxes paid are used in an economic matter, because if it is not used economically, then clearly it would be a waste of

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