Cost Of The Olympic Games
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Cost Of The Olympic Games
The Olympic Games are considered to be the world's foremost international sporting event with over 200 nations participating. It historically had the highest costs and expenses for the hosts, with the estimated cost of the 2016 Summer Games in Rio de Janeiro being at approximately US$11.1 billion. Sports-related costs for the Summer Games since 1960 is on average $5.2 billion (USD) and for the Winter Games $393.1 million dollars. The highest recorded total cost was the 2014 Sochi Winter Olympics, costing approximately US$55 billion. The 2016 Rio de Janeiro Summer Games experienced the biggest loss recorded at approximately $2 billion (USD). Costs The current highest cost of hosting the Olympic Games was the 2016 Rio de Janeiro Summer Games, costing approximately US$11.1 billion. In order to meet the requirements set out by the International Olympic Committee (IOC) The Rio de Janeiro council had to invest heavily in building the necessary facilities/venues, and an entirely new su ...
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Olympic Games
The modern Olympic Games or Olympics (french: link=no, Jeux olympiques) are the leading international sporting events featuring summer and winter sports competitions in which thousands of athletes from around the world participate in a variety of competitions. The Olympic Games are considered the world's foremost sports competition with more than 200 teams, representing sovereign states and territories, participating. The Olympic Games are normally held every four years, and since 1994, have alternated between the Summer and Winter Olympics every two years during the four-year period. Their creation was inspired by the ancient Olympic Games (), held in Olympia, Greece from the 8th century BC to the 4th century AD. Baron Pierre de Coubertin founded the International Olympic Committee (IOC) in 1894, leading to the first modern Games in Athens in 1896. The IOC is the governing body of the Olympic Movement (which encompasses all entities and individuals involved in the Oly ...
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1908 Summer Olympics
The 1908 Summer Olympics (officially the Games of the IV Olympiad and also known as London 1908) were an international multi-sport event held in London, England, United Kingdom, from 27 April to 31 October 1908. The 1908 Games were originally scheduled to be held in Rome, but were relocated on financial grounds following the violent eruption of Mount Vesuvius in 1906, which claimed over 100 lives; Rome eventually hosted the Games in 1960. These were the fourth chronological modern Summer Olympics in keeping with the now-accepted four-year cycle as opposed to the alternate four-year cycle of the proposed Intercalated Games. The IOC president for these Games was Baron Pierre de Coubertin. Lasting a total of 187 days (or six months and four days), these Games were the longest in modern Olympics history. The duration of the Summer Games was 16 days in 1912, ranged between 15 and 18 days from 1928 to 1992, and was fixed at 17 days from 1996. Background There were four ...
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1932 Winter Olympics
The 1932 Winter Olympics, officially known as the III Olympic Winter Games and commonly known as Lake Placid 1932, were a winter multi-sport event in the United States, held in Lake Placid, New York, United States. The games opened on February 4 and closed on February 13. It was the first of four Winter Olympics held in the United States; Lake Placid hosted again in 1980. The games were awarded to Lake Placid in part by the efforts of Godfrey Dewey, head of the Lake Placid Club and son of Melvil Dewey, inventor of the Dewey Decimal System. California also had a bid for the 1932 Winter Games. William May Garland, president of the California X Olympiad Association, wanted the games to take place in Wrightwood and Big Pines, California. The world's largest ski jump at the time was constructed in Big Pines for the event, but the games were ultimately awarded to Lake Placid. Highlights * Coca-Cola became the official provider of that games' soft drinks and would remain so for ...
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Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the City Region of Amsterdam, urban area and 2,480,394 in the Amsterdam metropolitan area, metropolitan area. Located in the Provinces of the Netherlands, Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its large number of canals, now designated a World Heritage Site, UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River that was dammed to control flooding; the city's name derives from the Amstel dam. Originally a small fishing village in the late 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam is th ...
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1928 Summer Olympics
The 1928 Summer Olympics ( nl, Olympische Zomerspelen 1928), officially known as the Games of the IX Olympiad ( nl, Spelen van de IXe Olympiade) and commonly known as Amsterdam 1928, was an international multi-sport event that was celebrated from 28 July to 12 August 1928 in Amsterdam, Netherlands. The city of Amsterdam had previously bid for the 1920 and 1924 Olympic Games, but was obliged to give way to war-torn Antwerp in Belgium for the 1920 Games and Pierre de Coubertin's Paris for the 1924 Games. The only other candidate city for the 1928 Olympics was Los Angeles, which would eventually be selected to host the Olympics four years later. In preparation for the 1932 Summer Olympics, the United States Olympic Committee reviewed the costs and revenue of the 1928 Games. The committee reported a total cost of US$1.183 million with receipts of US$1.165 million, giving a negligible loss of US$18,000, which was a considerable improvement over the 1924 Games. The United S ...
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Swiss Franc
The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. In its polyglot environment, it is often simply referred as german: Franken, french: franc, it, franco and rm, franc. It is also designated through signes: ''Fr'' Some fonts render the currency sign character "₣" (unicodebr>U+20A3 as ligatured Fr, following the German language convention for the Swiss Franc. However, most fonts render the character as F with a strikethrough on the lower left, which is the unofficial sign of French Franc. (in German language), ''fr.'' (in French, Italian, Romansh languages), as well as in any other language, or internationally as ''CHF'' which stands for ''.'' This acronym also serves as eponymous ISO 4217 code of the currency, CHF being used by banks and financial ...
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1928 Winter Olympics
The 1928 Winter Olympics, officially known as the II Olympic Winter Games (french: IIes Jeux olympiques d'hiver; german: II. Olympische Winterspiele; it, II Giochi olimpici invernali; rm, II Gieus olimpics d'enviern) and commonly known as St. Moritz 1928 (french: Saint-Moritz 1928; rm, San Murezzan 1928), was an international winter multi-sport event that was celebrated from 11 to 19 February 1928 in St. Moritz, Switzerland. The 1928 Games were the first true Winter Olympic Games, Winter Olympics to be held as a stand-alone event, not in conjunction with a Summer Olympic Games, Summer Olympics. The preceding 1924 Winter Olympics, 1924 Winter Games were retroactively renamed the inaugural Winter Olympics, although they had in fact been organised alongside the 1924 Summer Olympics in France. Before 1924, the winter events were included in the schedule of the Summer Games and there were no separate Winter Games. The 1928 Winter Games also replaced the now redundant Nordic Gam ...
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1924 Summer Olympics
The 1924 Summer Olympics (french: Jeux olympiques d'été de 1924), officially the Games of the VIII Olympiad (french: Jeux de la VIIIe olympiade) and also known as Paris 1924, were an international multi-sport event held in Paris, France. The opening ceremony was held on 5 July, but some competitions had already started on 4 May. The Games were the second to be hosted by Paris (after 1900), making it the first city to host the Olympics twice. The selection process for the 1924 Summer Olympics consisted of six bids, and Paris was selected ahead of Amsterdam, Barcelona, Los Angeles, Prague, and Rome. The selection was made at the 20th IOC Session in Lausanne in 1921. The cost of these Games was estimated to be 10,000,000 F. With total receipts at 5,496,610F, the Olympics resulted in a hefty loss despite crowds that reached up to 60,000 in number daily. The United States won the most gold and overall medals, having 229 athletes competing compared to France's 401. Highlights * The ...
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Chamonix
Chamonix-Mont-Blanc ( frp, Chamôni), more commonly known as Chamonix, is a commune in the Haute-Savoie department in the Auvergne-Rhône-Alpes region of southeastern France. It was the site of the first Winter Olympics in 1924. In 2019, it had a population of 8,640. Situated to the north of Mont Blanc, between the peaks of the Aiguilles Rouges and the notable Aiguille du Midi, Chamonix is one of the oldest ski resorts in France. The Chamonix commune is popular with skiers and mountain enthusiasts. Via the cable car lift to the Aiguille du Midi it is possible to access the off-piste (backcountry) ski run of the ''Vallée Blanche''. Name The name Campum munitum, meaning fortified plain or field, had been used as early as 1091. By 1283 the name had been abbreviated to a similar form to the modern Chamonis. Other forms through the ages include Chamouny in 1581, Chamony in 1652, Chamouni in 1786, and the particular spelling Chamonix from 1793. Status Chamonix is the fourth-largest ...
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1924 Winter Olympics
The 1924 Winter Olympics, officially known as the I Olympic Winter Games (french: Iers Jeux olympiques d'hiver) and commonly known as Chamonix 1924 ( frp, Chamôni 1924), were a winter multi-sport event which was held in 1924 in Chamonix, France. Originally held in association with the 1924 Summer Olympics, the sports competitions were held at the foot of Mont Blanc in Chamonix, and Haute-Savoie, France between 25 January and 5 February 1924. The Games were organized by the French Olympic Committee, and were originally reckoned as the "International Winter Sports Week." With the success of the event, it was retroactively designated by the International Olympic Committee (IOC) as "the first Olympic Winter Games". The tradition of holding the Winter Olympics in the same year as the Summer Olympics would continue until 1992, after which the current practice of holding a Winter Olympics in the second year after each Summer Olympics began. Although Figure Skating had been ...
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Antwerp
Antwerp (; nl, Antwerpen ; french: Anvers ; es, Amberes) is the largest city in Belgium by area at and the capital of Antwerp Province in the Flemish Region. With a population of 520,504,Statistics Belgium; ''Loop van de bevolking per gemeente'' (Excel file)
Population of all municipalities in Belgium, . Retrieved 1 November 2017.
it is the most populous municipality in Belgium, and with a metropolitan population of around 1,200,000 people, it is the second-largest metrop ...
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1920 Summer Olympics
The 1920 Summer Olympics (french: Jeux olympiques d'été de 1920; nl, Olympische Zomerspelen van 1920; german: Olympische Sommerspiele 1920), officially known as the Games of the VII Olympiad (french: Jeux de la VIIe olympiade; nl, Spelen van de VIIe Olympiade; german: Spiele der VII. Olympiade) and commonly known as Antwerp 1920 (french: Anvers 1920; Dutch and German: ''Antwerpen 1920''), were an international multi-sport event held in 1920 in Antwerp, Belgium. In March 1912, during the 13th session of the IOC, Belgium's bid to host the 1920 Summer Olympics was made by Baron Édouard de Laveleye, president of the Belgian Olympic Committee and of the Royal Belgian Football Association. No fixed host city was proposed at the time. The 1916 Summer Olympics, to have been held in Berlin, capital of the German Empire, were cancelled due to World War I. When the Olympic Games resumed after the war, Antwerp was awarded hosting the 1920 Summer Games as tribute to the Belgian people. ...
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