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Big Sporting Events: A Colossal Waste of Money

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A 6-minute presentation on why countries that cannot leverage off existing infrastructure should not bid to host big sporting events

Published in: Sports
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Big Sporting Events: A Colossal Waste of Money

  1. 1. Big Sporting Events: ! A Colossal Waste of Money Why countries that cannot leverage off infrastructure should not bid to host big sporting events Emilia Spitz Leeds University, November 2013 Photo Source: The Atlantic Cities
  2. 2. Photo Source: Jornal Atual
  3. 3. What Can Go ! Well? Increase in Tourism, Raised Profile True tourists might stay away (Ex: 10% drop in summer tourism, Athens 2004) Brazil is high profile enough anyway Job Creation & Boost to the Economy Stefan Szymanski (Soccernomics): “Short Term Impact Only” Long Term Legacy Barcelona + Sydney + London (Olympics) + Germany (World Cup) = all cities/countries with existing infrastructure Photo Source: Anne Thorne Architects
  4. 4. What Can Go Wrong? Rushed Planning, Poor Delivery, Overruns Low Quality Construction due to strained workforce Bad PR Brazil (recent protests), Commonwealth Games in India (not enough showers for the athletes!) White Elephant Syndrome High Maintenance Costs WSJ Study: “21 out of 22 venues in Athens now empty/wasted” South Africa: Cape Town, etc. Photo Source: ABC Parish Blog
  5. 5. By The Numbers: Andrew Zimbalist (The Economics of Mega Sporting Events): “Nearly half of the revenue goes to the organizations [FIFA, IOC]” South Africa WC: recouped 1/10th of cost Brazil WC estimate = 3x Germany WC Rio 2016 estimate = 3x London 2012 budget Data Source: Andrew Zimbalist, Americas Quarterly Image Source: Blacknight & Rugs to My Door
  6. 6. In Conclusion: An Expensive Mistake “The answer does not lie in holding a one-off sporting event” Former India Sports Minister & MP Mani Shankar at Intelligence Squared (Kiev, 2010) Photo Source: io9 “After the Games...”

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