International Olympic Committee President Jacques Rogge said his organization and future games hosts must overcome the challenge of convincing the wider public about the benefits of staging sports’ biggest event. Read full article
As can be seen from the plight of Brazil, it must be important in the future for a potential host to be able to show that it already has the money. None of this hoping to have the money in time. Let's say a potential host should be able to deposit 15 billion dollars in an IOC account. The IOC becomes responsible for ensuring the safety of the money and that it accrues a proper rate of interest. When the Games have to paid for, the IOC gives to host everything from the account.
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Disclaimer & comment rulesAs can be seen from the plight of Brazil, it must be important in the future for a potential host to be able to show that it already has the money. None of this hoping to have the money in time. Let's say a potential host should be able to deposit 15 billion dollars in an IOC account. The IOC becomes responsible for ensuring the safety of the money and that it accrues a proper rate of interest. When the Games have to paid for, the IOC gives to host everything from the account.
Sep 05th, 2013 - 08:26 am - Link - Report abuse 0Madrid?
Sep 05th, 2013 - 08:37 am - Link - Report abuse 0The austerity games!
I think Gibraltar has got far more chance of coming up with the money than the spicks! :o)
Sep 05th, 2013 - 01:26 pm - Link - Report abuse 02
Sep 08th, 2013 - 03:05 am - Link - Report abuse 0Hunger Games
The final winner is Japan's successful Olympic bid.
Sep 11th, 2013 - 04:11 am - Link - Report abuse 0Brazilian people's protest, there is a certain reason. As 2014 World Cup in Brazil when they protest to express his disappointment.
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