Slide 7
Slide 7
The Paris Olympics is creating a global buzz. Over 150 million viewers from India are tuning in to Jio Cinema alone. Countries are setting benchmarks with medals every day. But there's a shocking truth behind the glamour of hosting the Olympics…
Slide 6 (4)
Slide 6 (4)
Despite the positives, hosting the Olympics often leads to financial disaster. Beijing 2008: Cost $42 billion, revenue $3.6 billion. London 2012: Cost $18 billion, revenue $5.2 billion. The Olympics has become a loss-making venture for host countries. The long-term economic strain often outweighs the short-term gains, leading to significant financial challenges post-games.
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Slide 5 (7)
Los Angeles 1984 made a $232 million profit (over $700 million today). It set a precedent for other nations, hoping for similar success. Some argue that the Olympics bring unparalleled economic and branding benefits, but…
Slide 4 (7)
Slide 4 (7)
Countries use the Olympics for global branding and political propaganda. Example: Hitler’s 1936 Berlin Olympics – a propaganda masterpiece for rebranding Germany and Hitler's ideologies. Other examples: South Korea (Showcasing economic progress)1988, Japan 1964(Resurgence boast), and China(Persecution clearance)2008.
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Slide 3 (7)
Countries use the Olympics for global branding and political propaganda. Example: Hitler’s 1936 Berlin Olympics – a propaganda masterpiece for rebranding Germany and Hitler's ideologies. Other examples: South Korea (Showcasing economic progress)1988, Japan 1964(Resurgence boast), and China(Persecution clearance)2008.
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Slide 2 (7)
Most Olympic Games exceed their initial budgets by an average of 172%.Tokyo 2020: Originally projected at $7.3 billion, final costs soared to over $15.4 billion. London 2012: Security budget doubled to $1.6 billion due to increased concern Many host cities and countries end up with long-term debt, which can take decades to pay off. Over 1.5 million people were displaced due to Olympics-related development.
Slide 1 (10)
Slide 1 (10)
India has expressed interest in hosting the 2036 Summer Olympics. The Olympics are more than a sporting event – they are a complex economic challenge. Nations need to weigh the potential financial risks against the perceived benefits. As India eyes the 2036 Olympics, the country must consider the economic consequences carefully.
Slide 1 (10)
Slide 1 (10)
Slide 1 (10)
Slide 1 (10)