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From the archive: The high cost of hosting big sporting events

From the archive: The high cost of hosting big sporting events

News Club vor 2 Jahren

The place to go for conversations about the news

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News Club

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The place to go for conversations about the news

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Support News Club by signing up to our newsletter and following us
on Instagram. If you have 2 minutes, we'd love if you could
complete our survey Last week, several major news stories
highlighted the tension between governments wanting to host big
sports events and the substantial cost to taxpayers. Cue plenty of
opinions and analyses about whether it's worth it. So, we're
delving into the debate in this week's News Club Club Picks: Want a
presentation with arrows? You got it… This link takes you to the
International Olympic Committee’s thinking on the expense of
hosting the Games and how they’re trying to solve it. Some
analysis from John Verano from Oxford Uni on the risk and reward of
hosting the Olympics, and why emerging nations/those with
reputation problems are willing to pay the price. And what’s
happening with the Brissie Olympics? The Sydney Morning Herald/The
Age’s Chris Barrett looks at the money and the people involved in
deciding how to pull it off. Melburnians are no strangers to
the cost-benefit discussion around big sporting events… This
article by Chip Le Grand in The Age dives into the economics of the
Australian Grand Prix, an event which has been angering/delighting
locals since 1996. Hosts: Claire Kimball & Kate Watson
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