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by braza
535 days ago
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> The tv rights and advertising sell for billions. In person ticket sales in the 100's of millions. I acknowledge that this economic output is relevant, but the real issue for me is how this is distributed downstream. I do not think it's correct that the IOC captures a ton of value [1], and at the same time we have huge issues in terms of funding, even in very rich countries [2]. The countries and athletes make their sacrifices (i.e., one hosting and investing and the latter personal finances), but the IOC still insists on this model. Back in the day, we used to have the idea to make the Summer Olympic games cheaper by having a permanent country/facility and fewer sports, but for any reason the IOC is against it. [1] - https://olympics.com/ioc/funding
[2] - https://www.forbes.com/sites/lindseyedarvin/2024/07/31/paris... |
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