With no foreigners driving up the price idk about ticket sales, especially for the less popular events.
www.insidethegames.biz
ca.sports.yahoo.com
variety.com
the alternative is throwing away years and years of hard work for thousands of people. at least this way you get the tv money, some ticket sales and you can still advertise your country to the world.
So the Japanese have a $15 billion tab.that tv and ad money is too hard to ignore. they'll go through with it if only for that. see, also the all star game. probably didn't need to be held but there's too much money involved not to do it
same with the euros this summer
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no tourists will hurt the local economy there that will miss out, but that's not the IOC's concern other then just holding it at all.
Sunk costs. They can't postpone it again, and there's no guarantee they'll have another chance to host it if they cancel. If they don't do it this year, it's a whole lot of wasted money.
Yep. The economics of hosting an Olympics almost never works out well for the host. They're vanity projects that can be a showcase if you have strong and realistic governance behind it that can absorb the costs. You're almost always gonna end up in the red. But look at Rio for a recent example where it's like, they were better off without it.
www.cfr.org
Yeah, this will hit the economy pretty hard. They were dealt a shit hand though, and there is really no right decision they could make.
Did they ask the NBA players if they are going? It's already a shortened season with late end to the last season.
Also expecting the athletes to train for another year which still isn't a guarantee isn't really feasible or fair, but we all know nobody truly cares about the athletes when it comes to the Olympics, it's all about the money.
Might as well try and recoup some of the costs. Better to write off 15B THAN 18B.
I imagine there's considerable pressure from the combined interests of all the training facilities and agents backing athletes. Chump change compared to what it cost the host to prepare the event, but there are probably billions invested into training if you put all the different ones around the world together. More so when nations get involved, if Russia was willing to run a doping scheme across the board just to win medals, then imagine the pressure from the USA, China, and Russia combined just to win medals.
