Olympic Games: A billion-dollar business with political overtones ...Middle East

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Olympic Games: A billion-dollar business with political overtones
source : Business Standard ( Middle East ) () 55
The Paris Olympics involve about 10,500 athletes from 200 countries or regions. But the Olympics are more than just fun and games. They are a giant business that generates billions of dollars in income for the International Olympic Committee. They're also a proxy for geopolitical influence seen through the standings in the medal tables, the presence of world leaders at the opening ceremony and the national anthems serenading gold-medal winners. Here's a look at how the IOC and the Olympics operate. It's a business, not a charity The International Olympic Committee is a not-for-profit, nongovernmental body based in Lausanne, Switzerland. It generates 91% of its income from selling broadcast r

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