Why No One Wants to Host the Olympics Anymore

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Why hosting the Olympics isn't worth it anymore.
Newsthink tells the stories of brilliant people shaping our future.
Created and narrated by Cindy Pom
/ cindypom
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31 июл 2020

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Комментарии : 175

@ThevaTharumu 3 года назад

They should build an Olympic Island/city somewhere, and should host it there every time. Participating countries will pay a certain fee towards it and that will help the games to be hosted. This would be so much more economically and environmentally friendly as the venues will be reused every time, and can be upgraded to latest technologies every year.

@damonyotropa4100 3 года назад

We need an Elon Musk type of a guy for this 'dream' to come true.

@Sammm30 3 года назад

That's a great idea wow!

@ericpurkey7502 3 года назад

@General G. Washington I agree this pandemic or plandemic we are in proves why you are right.

@rajashashankgutta4334 3 года назад

Why can't you host it in greece itself?

@1locust1 3 года назад

=b d=

@michaelbaker5501 3 года назад

Ladies and Gentlemen, I think I know how to solve the problem. The IOC needs to pocket less money and let the host cities actually make a profit. Then more and more cities will bid to host once they see that cities start making money instead of losing money.

@RaymondHng 2 года назад

You speak without any knowledge of funding for the Olympics. Ninety percent (90%) of the revenues from the Games go straight back into sport and athlete development. Around USD 2.5 billion is put towards the staging of the Olympic Games to ease the financial burden on the host cities. A total of USD 1.53 billion went towards staging Rio 2016 and USD 887 million for PyeongChang 2018. *International Olympic Committee contribution to the Winter and Summer Games* 2002 USD 552 million 2004 USD 965 million 2006 USD 561 million 2008 USD 1250 million 2010 USD 775 million 2012 USD 1374 million 2014 USD 833 million 2016 USD 1531 million 2018 USD 887 million Furthermore, the World Anti-Doping Agency's budget gets 50% of its funding from the International Olympic Committee. A substantial portion of the profits from the Games is allocated through the National Olympic Committees to help athletes and coaches from countries with the greatest financial need. Part of this money is used to fund Olympic scholarship programs which provide athletes in need with a monthly training grant as well as travel subsidies to compete in Olympic qualification competitions. *International Olympic Committee contribution to support National Olympic Committees* 2002 USD 87 million 2004 USD 234 million 2006 USD 136 million 2008 USD 301 million 2010 USD 215 million 2012 USD 520 million 2014 USD 199 million 2016 USD 540 million 2018 USD 215 million *International Olympic Committee contribution to International sports Federations* 2002 USD 92 million 2004 USD 257 million 2006 USD 128 million 2008 USD 297 million 2010 USD 209 million 2012 USD 512 million 2014 USD 199 million 2016 USD 540 million 2018 USD 215 million A considerable sum is also put towards the cost of staging the Youth Olympic Games every two years. 2010 USD 40 million 2012 USD 20 million 2014 USD 50 million 2016 USD 35 million 2018 USD 64 million

@lets_see_777 3 года назад

Still this channel has 26k subs only? all the best, hope you rise up fast cause the quality is really good.

@jimgreen5788 3 года назад

Jaivardhan Deshwal, take a closer look--56K.

@build2270 3 года назад

@@jimgreen5788 This was 2 months ago

@raihanadinata2941 3 года назад

The edit its like 1milion youtuber but its stil under 100.000

@maka3230 3 года назад

This channel is blowing up.

@oofdude7527 3 года назад

@@maka3230 yea now its almost 200k

@gabetalks9275 3 года назад

The IOC needs to be reformed. The IOC never lifts a finger to support their host cities, yet they swoop in and steal most of the profits. Ever since the 2000's, the IOC has been favoring grandeur over practically, and the IOC picking Rio over Madrid, a city that's actually capable of hosting the Games for the 2016 Games is proof of that. The IOC needs to built a strict criteria that every host candidate must fulfill in order to be eligible to run. Not a permanent host, but a permanent list of eligible hosts.

@Acteaon 2 года назад

It’s cuz they’re parasites. True in every way a parasite functions.

@RaymondHng 2 года назад

Ninety percent (90%) of the revenues from the Games go straight back into sport and athlete development. Around USD 2.5 billion is put towards the staging of the Olympic Games to ease the financial burden on the host cities. A total of USD 1.53 billion went towards staging Rio 2016 and USD 887 million for PyeongChang 2018. *International Olympic Committee contribution to the Winter and Summer Games* 2002 USD 552 million 2004 USD 965 million 2006 USD 561 million 2008 USD 1250 million 2010 USD 775 million 2012 USD 1374 million 2014 USD 833 million 2016 USD 1531 million 2018 USD 887 million Furthermore, the World Anti-Doping Agency's budget gets 50% of its funding from the International Olympic Committee. A substantial portion of the profits from the Games is allocated through the National Olympic Committees to help athletes and coaches from countries with the greatest financial need. Part of this money is used to fund Olympic scholarship programs which provide athletes in need with a monthly training grant as well as travel subsidies to compete in Olympic qualification competitions. *International Olympic Committee contribution to support National Olympic Committees* 2002 USD 87 million 2004 USD 234 million 2006 USD 136 million 2008 USD 301 million 2010 USD 215 million 2012 USD 520 million 2014 USD 199 million 2016 USD 540 million 2018 USD 215 million *International Olympic Committee contribution to International sports Federations* 2002 USD 92 million 2004 USD 257 million 2006 USD 128 million 2008 USD 297 million 2010 USD 209 million 2012 USD 512 million 2014 USD 199 million 2016 USD 540 million 2018 USD 215 million A considerable sum is also put towards the cost of staging the Youth Olympic Games every two years. 2010 USD 40 million 2012 USD 20 million 2014 USD 50 million 2016 USD 35 million 2018 USD 64 million

@_Woo 3 года назад

I'd like to see accountability for organisations like Fifa and the IOC. It seems suspicious that all those millions disappear into supposed non profits.

@MatthewStinar 3 года назад

The two you named are criminal enterprises. I believe the NFL falls into this category as well.

@RaymondHng 2 года назад

@Newsthink 3 года назад

What are your thoughts on the Olympics? If you have ideas for future videos, let me know! I read all the comments

@bkg8r978 3 года назад

Do how starlink sattleites keep the sky dark and that hi astronomers think they are 🌟 s

@bkg8r978 3 года назад

How not hi sorry

@johnbergholm 3 года назад

Newsthink good french accent 😊

@dcdales 3 года назад

The way those buildings are set up, it seems like construction companies have an incentive to cash-grab. Having more than one company compete on a similar project, and firing the least productive ones is maybe the only way to host the Olympics without bankrupting cities all over the place.

@Newsthink 3 года назад

@@dcdales Appreciate the insightful comment, thanks David!

@CreatingCreations 3 года назад

Interesting video. I've been really enjoying your videos!

@NighDayz 3 года назад

You have one of the best voices for news

@CosmosBFN 3 года назад

And BTW thanks for the extensive research. 👍. Awesome voice

@Elhajea 3 года назад

Your channel is really good. I rarelyhit the subscribe button, this one was fast. The content, the voice the short clip. the editing, everything is on point.

@DuesenbergJ 3 года назад

When Stockholm-Åre lost the game almost all I now was relieved.

@noelinsua7261 3 года назад

How to save the olympics: Step 1: Choose the poorest country that wants to host the event. Step 2: Make the participating countries pay accordingly to the number of medals they won last games. Wanna show how powerful your country really is? Help the weakest.

@DoctorHver 2 года назад

step 3: Have proper plan what you want to with the infrastructur thats built for the game. I think large part of the problem is the fact that there were often no plans in place of what to do with infrastructure once games are done.

@Dilley_G45 4 месяца назад

@@DoctorHverall that concrete and steel wasted. Concrete production is bringing lot of CO2 into the air, just saying. How does that go with the woke nonsense?

@cyrene03 3 года назад

Really loving the content!

@omthakkar7801 2 года назад

As now my city of Ahmedabad is preparing hard for the 2036 bid but now bafter all these facts I am really concerned about the post olympic future of my city!!

@scientificapproach6578 3 года назад

Currently the Olympics benefit wealthier countries and people that can host or travel to the Olympics . We should be more inclusive. Countries should be able to bid for specific sporting events in the Olympics. This will allow small countries to host an Olympic event utilizing infrastructure they already have. This will also allow the working class people to attend an Olympic event.

@hellcat1988 3 года назад

Did you SERIOUSLY skip over the major controversy in Rio of displacing so many people for construction? You focused on the cost of the stadium, but not even a MENTION of the impact on the impoverished people?

@delirioususer9668 2 года назад

The video is about why countries don’t want to host games - the people are never a reason because the countries don’t care about the people

@JohnJ469 3 года назад

Part of the problem is that with the Olympics, money is no problem. You can gouge to your hearts delight and the Olympics will pay. Giving an example from the Sydney 2000 Olympics. Most people have seen the large tents called "Hockers" after the company that makes them. Structurally they are amazing and can give a clear span of up to 60 metres, literally the size of a convention hall. For the Sydney games a number of these tents were bought by Australian companies and then hired out to the Olympics. The thing is that the hire cost was anything up to and including 150% of the cost of buying the tent. The Olympic committee could literally have bought the huge tents themselves, used them and sold them as scrap afterwards and it would have been cheaper. And don't even get me started on supplying orange juice at $75 per 2 litres in the "Refreshment" tents. The waste is tremendous, but it's your money and so they don't care.

@joeyd4364 3 года назад

The best solution for the Olympic host city debate is to have 8 cities ( 4 summer and 4 winter) to host the Olympics on a 16 year rotating basis. My 4 summer picks; Sydney, Tokyo, Los Angeles, and London. Winter picks: Lillehammer, St. Moritz, Pyeongchang, and Salt Lake City.

@commonsenseskeptic 3 года назад

Did a thing on them a long time ago that we should revisit... would solve all the problems.

@jozey6771 3 года назад

Awesome video... as always.

@buddy4375 3 года назад

Nice vid. Can you make a video explaining space x plan to going to Mars

@michaelbaker5501 3 года назад

I think the the 2022 winter games should have gone to Kazakhstan. I like seeing new countries host the olympics

@shyamdevadas6099 3 года назад

Great video, Cindy. I don't think this story gets reported nearly enough. More seriously, too many people are caught up in anachronistic concepts of modern media. All of the traditional conventions of the Olympic games were born before cable TV, satellite TV, DVRs, mobile devices, and the Internet. There was a need to gather all of the athletes in one place at one time because it made sense for the media coverage of the time (between the 1950s and 1980s). We are at least 30 years past that paradigm. As a single, necessary media event the Olympics is unnecessary. The games are logically designed to be played asynchronously. This means that different sports can be played in different countries, at different times within the same year. Nobody is going to pause their life to watch blocks of coverage anymore. The good news is that the asynchronous approach can theoretically increase the gross viewership.

@Newsthink 3 года назад

Thanks for watching Shyam!

@ghdfkkut 3 года назад

Great channel all videos are amazing

@VCha0900 3 года назад

I love this channel!

@katynewt 2 года назад

"The IOC pockets almost half of the profits" And there you have it.

@RaymondHng 2 года назад

@renatorafaelmillena8348 3 года назад

It"s about time to abolish the Olympic, used the money instead of helping impoverished countries and feeding the needy.

@realtissaye 3 года назад

Random, but your French pronunciation was very good!!

@Newsthink 3 года назад

Thanks! Lived in Paris for a couple of years

@rcl1968 3 года назад

The IOC should SHARE the TV money - perhaps you could provide how much revenue is generated and see if there actually is enough money to go around. Keep up the journalism : )

@Newsthink 3 года назад

Thanks for watching Eugene

@drrameshchandragoswami5826 3 года назад

Founded a jewel.Love from India.

@davidmccarthy6061 3 года назад

It's really no longer needed, not for the huge debt incurred by the hosting country. I stopped watching them in the 90's.

@hosozoku 2 года назад

NO MORE OLYMPICS!!

@MrQwerty2524 3 года назад

I don't understand why you would even bid for it if you can't host it in the first place? It's like inviting people for a party at home while you don't own a house...

@NAME-yg8sl 2 года назад

To show off I guess?

@newjam9110 3 года назад

Why this is so underrated?

@rajnijain9196 3 года назад

Can you make a video explaining spaceX future plans.

@Newsthink 3 года назад

Sure thing!

@bigazTV 3 года назад

no mention of taking less money.. just put the olympics in cities that have the facilities already

@hendriefalke5169 3 года назад

CapeTown got the drive to upkeep those facilities.

@yotaiji012 2 года назад

The IOC did it to itself. All the requirements. Greedy IOC.

@portzblitz 3 года назад

Nice to hear the Gymnopedies no matter what the reason!

@human9458 3 года назад

Hahahha I'm looking for other people who appreciates Satie's Gymnopedie as well. Didn't have much expectations but I found you

@paulbradford6475 3 года назад

So glad Boston dodged the Olympics. While it would be an ideal venue because many of the facilities are already built, hosting the games would have cost the taxpayer another 15 billion on top of just paying off the “Big Dig” which totaled around the same amount. A permanent location each for the winter and summer games would make more sense. I vote for Innsbruck and Stockholm.

@bbsara0146 6 месяцев назад

it seems obvious. you need to build a ton of one-time-use infrastructure for a couple week long event. then your city is stuck with like 4 huge stadiums that nothing other than major events can use.

@Dilley_G45 4 месяца назад

0:09 the irrational olympic committee?

@williamallan7915 3 года назад

i think Australia would be the only one silly enough to bother now, the last time they were looking for Africans that didnt go home, have heard no more since

@Viviko 2 года назад

The IOC could just you know, take a pay cut. Or swallow 50% of the cost.

@jacobdrovandi1507 2 года назад

As a tax payer in Queensland, I'm worried my kids will have to pay off the debt for 2032 games. Thanks for your vid, definitely things to think about.

@devverma4373 Год назад

Such an eye opener video, Thanks Cindy. SOLUTION I believe : IOC should learn from ICC-International Cricket Council and BCCI - Bombay Cricket Council of India and other cricket boards like Australia(except Pakistan). Just see how they are running international tournaments almost all around the year, earn big revenues and leave the host city with hell lot of benefits. Here, IOC acts as if they want to earn money....No, that shouldn't be the intention, if your purpose is to promote sports and harmony amongst nations. IOC should only pocket how much they need for their expenses, like salary of their staff, travel etc like in any other job/organisation. IOC should make sure, whatever the host country spends, should earn more than that. They should make sure, that whatever new venues are created, they should be re-used in future as well and not dismantled like what happened in Brazil and China and other host countries, because its not just for the money, this also causes a lot of damage to MOTHER EARTH and contributes to CLIMATE CHANGE and GLOBAL WARMING with such a huge waste. A sporting event should never be a cause of damage to the environment, rather it should be opposite. India, NEW DELHI saw such similar huge damage to their infrastructure and exchequer during COMMONWEALTH GAMES in 2010, the debt is still not over. We would never want to host Olympics which is probably 10 times the scale of CW Games just to showoff to the world while damaging our own country.

@Arun_hog 3 года назад

Wow ....I barely watched olympics but never knew that this all financial troubles exist in just hosting of the game .. Hope they shut down olympics one day Nice video btw ....already a subscriber due to our interest in spaceX & teSla✌️

@peterrichards6575 2 года назад

Mr hickmans class

@Hamzahyn4 3 года назад

Olympic almost no bid. IOC let's take 50 revenue

@aristateles1549 2 года назад

Just ask Lord Hades for money and host it in the Underworld.

@trevonmartin4523 2 года назад

Just like the Grammy's, the Oscar's, and other "Award" shows. The thrill is gone! The respect is gone and it's become way too "woke" and political.

@fanofmany71 2 года назад

Easy solution... hold the Olympics in different countries at the same time. That would make it truly global and spread the cost (if any) around the world while exposing the games to more countries. I'll trademark the idea here ;)

@jwhite1016aol 2 года назад

You mess with the bull you get the horns.

@oiya100 3 года назад

You'll get 1 million subscriptions by end of this year. Screenshot this.

@Newsthink 3 года назад

Thanks for the support Prabal!

@INDYHEER 2 года назад

The point you made about the Maracanã stadium is not true! It’s the home to Brazil football and one of the major stadiums in the world!! Stadium is fine and in use!

@rahnald8382 2 года назад

IOC gives burden to host city...Olympics is such a wasting of money. I felt sorry for Tokyo.

@stereotypea123 2 года назад

The Paris Olympics sound like they'll be really special and beautiful :)

@maka3230 3 года назад

Why can't they just set 2 location on an island and each country contribute funding to keep the Olympics running also let other sports and company's uses the stadiums often.

@maxwarren2852 3 года назад

04:55 Err...sorry, only 2? I'm pretty sure that Switzerland, Austria, Japan, Turkey, and Canada were also bidding for 2026.

@Newsthink 3 года назад

They all withdrew and in the case of Turkey was cut by the IOC

@boratb258 3 года назад

Looking at the costs, will prob see a few first world nations rotate the games, Vancouver in Canada can host another winter games by using the same facilities, don't do anything fancy just host it. Toronto Canada could do a summer games considering they hosted the PAN AM games, should have most of the summer facility's up to par.

@David-yw2lv 2 месяца назад

American television ratings for the Olympics have been abysmal for the last few Games.If that's true around the world,the Olympics may not last much longer.Bostonians and those from Denver who kept them out of their cities wrre visionaries who saved their cities from exorbitant expenses.

@cance7984 2 года назад

Fifty one billion dollars spent to host the Olympics and I didn't watch a single second of it.

@teslinatorteeeeay7203 3 года назад

Nice video

@bpnk5237 2 года назад

i dont understand why ioc have so many events. have core sports n some additional, it seems like olympics have too many events also let multiple countries host it like the world cup.

@CrossOfBayonne 2 года назад

The Olympics either summer or winter is the most pricey sporting event ever so hosting it will drain lots of dollars for every city who hosts it

@Mishe_o7 3 года назад

YES NEW VIDEO

@skoopic197 3 года назад

This video looks like it’s from newsthink

@KevinDavis338 3 года назад

I really like this channel. As for the Olympics, I think the IOC needs to cut down on the 'Sports'. I think there should be a set of cities that already have the venue set up all ready to host the Olympics. No need to bribe the IOC to host the Olympics.

@Newsthink 3 года назад

Thanks for watching Kevin! It will be interesting to see if there's some sort of permanent host city or as you say a selection of them.

@KevinDavis338 3 года назад

@@Newsthink Your welcome. It will be. I did know that there was an attempt to have the Olympics in Chicago and no one (well except for the local politicians) wanted it. That was the one that went to Rio..

@kazuhirala 3 года назад

Exactly, cities should just use what they have, yet my city in LA just built another football stadium when we have 4 already

@sj4iy 3 года назад

That has absolutely nothing to do with the Olympics. LA will no doubt profit well from the 2028 Olympics as they already have everything in place for it. The IOC taking a smaller cut and not picking countries which can't afford it would help, as well. People can complain about diversity but it does no one good to bankrupt a country over the Olympics.

@CO8848_2 2 года назад

Nazi Germany didn't worry about expenses to host the Olympics. That tells you what this high cost show is most important to what kind of people.

@jwhite1016aol 2 года назад

Darwin 'll get ya.

@billmcallister1404 3 года назад

Good.

@xygomorphic44 2 года назад

The Olympics was ruined by three things: 1. Allowing men to complete in the women's competitions 2. Russian doping 3. NBC's awful coverage

@fleekrushyt9410 2 года назад

Ukraine could host the olympics seeing how they maintained their stadiums. Ukraine already has olympic stadiums, which are all well maintained. Problem is just the infrastructure, which is now in the mega project "Great construction" in which most roads are repaired by 2025. Its just too expensive for Lviv, which wanted to host it in 2022. Its good that ukraine didnt want to host it anymore

@sensablesagittarius2237 3 года назад

Can't we just work without money, I mean it will be vastly great for us but this is possible if only we are united.

@krasavchik8714 2 года назад

People are become more and more practical. Money are not easy to quire. No need to spent so much money for few thousands people to show off how good they were training for the last 2-4 years. Who cares?

@rabbitman7861 3 года назад

Olympics host Tokyo was totally inappropriate.

@kitparsons4733 Год назад

This was so obviously written by a bot it’s hilarious

@Newsthink Год назад

Not really

@archosnachos4937 2 года назад

Didn’t the Sydney olympics actually make money?

@fabmanly1070 3 года назад

Who the hell wants to spend billions of dollars on pole dancing.

@bbsara0146 6 месяцев назад

they should just do it in athens every year. have permanent infratructure for it. then it might make sense economically. I remember the athens games were the best ones I ever saw

@Abindeni 3 года назад

Yes i liked it a lot and hope that my channel will also grow like this soon.....✌✌

@eddieedward1986 2 года назад

Shirt answer....no.

@MatthewStinar 3 года назад

One IOC is a racket. I wish the US would boycott the IOC. There's nothing wrong with sports competitions, but the IOC is a criminal enterprise.

@meatballsub7536 2 года назад

The olympics should always be in Athens

@airtonbarros4742 2 года назад

maracanã is not abandoned. this is a lie. Maracana is the most profitable soccer stadium in Brazil.

@brianmilosevic8400 Год назад

Corruption and politics has ruined the Olympics! Now many other sports are going the same way!

@marcustr6484 2 года назад

Are you sure ? There are poor countries which are willing to host Olympic if rich countries refuse to take the pride anymore.

@kf8346 2 года назад

Moon Olympics is the only obvious answer.

@jedimindtrix2142 2 года назад

I think the video missed the biggest issue which is the politics of it all. It has become toxic and a way to take jabs at geo political rivals. They have lost their spirit and no one is interested in watching them. A majority of those viewers are probably what I would call ghost viewers. They have it on TV but are not paying attention or even really care about it. It's on...so they have it on, simple as that. I think in this day and age we should just pack it in and find other ways to have international sports competitions. Maybe scale them down to where they aren't all sized up as long as they Olympics and hopefully less political and we can all have good event again.