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Olympic Winners?
Manage episode 431854296 series 3526856
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Paris, after a damp start, is sprinting through the games - but at what cost? Closed bars and cafes behind security barriers, fewer visitors in the run-up to the Olympics, and a massive bill for all the building-work and administration. The money from the tickets and broadcast rights goes to the International Olympic Committee, so will the city benefit at all? Many venues are turning down the chance of staging big sports events like this because the costs - social as well as financial - outweigh the gains, and can land cities with huge debts. So what is the answer? Leave it to the money-no-object venues like Qatar and Saudi Arabia? Or spread a games over several countries? Or have one permanent venue, funded by all? Professor Simon Chadwick of SKEMA Business School in Lille tells Phil and Roger how hosting the Olympics needs an overhaul.
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