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Originally Posted by Aoie_Emesai
Whatever city the Olympics comes to, it brings billions of dollars and that city that is chosen will pretty become a valuable holiday destination spot for the future.
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Or it could leave the host city very deeply in the red.
The Montreal Olympics of 1976
lost so much money that Los Angeles' bid for the 1984 Games went uncontested. The 1984 Games marked the beginning of multi-million dolloar corporate sponsorships, which was when the Olympics Games truly started to become a profitable affair. Before the 1980s, cities weren't actually that keen to host the Games because of the huge costs involved.
Come to think of it, the 1980s marked a pivotal time in international sports as a whole, not just for the Olympic Games. Based on my own memories, this was the decade that the English Premier League (Liverpool's golden era) and the NBA (Lakers vs Celtics) started to rake in big money from TV advertising.