Olympic Financing

The modern Olympic Games come with staggering financial figures. Why are the Olympics so costly to organize and manage? What are the sources of financing for the Olympics? What is the economic impact of the Olympics? How has the cost of the Olympics changed over the decades? Support your analysis with examples from the course text. Sum up your ideas in 200-250 words.

Guided Response:

Review the posts made by your peers, and in responses for at least two of your peers, explain why host cities, participating nations and sponsoring organizations allocate such extensive financial resources to the Olympic Games. What figures from the course text are most notable to you? Be sure to explain why.