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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), [4] the Rio de Janeiro council had to invest heavily in building the necessary facilities/venues, and an entirely new subway line.
In late 2019, before the Covid-19 pandemic would shock the global economy and postpone the 2020 Games, Japan’s National Audit Board found that the Tokyo Olympic organizers’ estimates of $12.6 ...
The cost of the delayed 2020 Tokyo Olympics is 20% higher than organizers said when they announced officials figures more than a year ago, according to a report by the Board of Audit of Japan.
In June 2022, the Tokyo Organizing Committee revealed in the final budget report for the Tokyo Olympics and Paralympics that the cost for the Olympic Games was 640.4 billion yen (US$5.8 billion [i]), which was higher than the cost for the Rio 2016.
Several Japanese business executives and employees were arrested between August and October 2022 on suspicion of bribery.Former Tokyo 2020 Olympics and Paralympics executive board member Haruyuki Takahashi was arrested on four separate occasions within that period of time after allegedly receiving money from several businesses in exchange for facilitating Olympic sponsorship contracts.
In recent years, however, as U.S. rightsholder Comcast has sought to monetize a $4.4 billion pact that grants it exclusive rights to show the Games in the U.S., Olympic telecasts hav
Paris and Los Angeles – who will host the games in 2024 and 2028 respectively – will join London as the only cities to host three Olympic Games. London, Antwerp , Munich and Sydney are the only cities to never have failed at winning a bid. St. Louis is the only city to have hosted the games without submitting a bid.
The 2016 Rio Olympic Games begin on Aug. 5, marking the first time a South American country has ever hosted the event. ... The one-day RioCard will run $7.50, three-day cards will cost $20.90 and ...