The Olympic Games costs billions. The Paris organizing committee's budget is reported to be $4.4 billion. With other costs added, such as infrastructure, it's closer to $9 billion.
FRANCE — The world's finest athletes have arrived in Paris to compete in what will no doubt be a spectacular event. The organizers even made the novel choice of holding the opening ceremony Friday evening via boats along the Seine River rather than a stadium, as has been traditional. But an important question for everyone in cash-strapped France is whether the Olympic Games will go over budget, leaving epic debts for French taxpayers. It’s not a trivial matter.
Former professional U.S. athlete Ray Brown, a six-time U.S. indoor 800-meter champion, told FOX Business the real key to making sure there are no losses is having a financially savvy leader. "Tickets and TV are the revenue," Brown said. "If you do not have a good general manager that oversees your project, then it’s going to be mismanaged."
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