HOSTING THE OLYMPICS HAS BECOME A FINANCIALLY UNTENABLE UNDERTAKING

Tue, 13 Aug 2024 14:14:05 +0000

The Olympic Games, a celebration of athletic prowess and international unity, have grown into one of the most prestigious and widely watched events in the world. Since their modern inception in 1896, the Olympics have transformed from a modest sporting event into a massive spectacle that commands the attention of billions. However, this transformation has come at a significant cost. The financial burden of hosting the Olympics has escalated to unsustainable levels, raising concerns about the long-term viability of the Games. This essay explores how hosting the Olympics has become a financially untenable undertaking, leading to severe economic, social, and environmental repercussions for host cities and countries.