Menu
Olympics

Budapest, L.A., Paris Confident In 2024 Olympic Budgets

Budapest, L.A. and Paris have "expressed confidence in their ability to control costs" as they prepare for the final phase of bidding for the 2024 Summer Olympics, "unworried by steep overruns at next host Tokyo," according to Chris Gallagher of REUTERS. Top officials from the 2024 candidate cities, visiting Tokyo this week, said that they "were being vigilant on costs from the onset and were focusing on utilizing existing infrastructure to limit financial risk." L.A. 2024 COO John Harper said, "It's an important thing to get right at this stage." The IOC is "keen" for cities to embrace its "Agenda 2020" initiative, which calls for, among other things, creating a more compact Games and using a high percentage of existing venues to lower costs. Budapest bid committee Vice-Chair Laszlo Vajda said that the Hungarian capital would "provide a new alternative as a mid-size city to host the Games after the mega cities of Beijing, London and Tokyo, noting the compact nature of its plan." He said, "We believe because of this proximity, cost in terms of transportation, infrastructure and urban overlay is much smaller than would be necessary for a much larger city." Paris is "highlighting its status as a top cultural and tourist destination with not only sports infrastructure but strong access to public transport and high hotel capacity already in place" (REUTERS, 12/2).

SWISS BID: GAMES BIDS' Robert Livingstone reported in an early move that is "both surprising and welcomed by 2026 Olympic and Paralympic Winter Games bid stakeholders in Switzerland," the federal government announced Friday that it is "preparing to provide financial support to projects vying to bring the Games back to Switzerland" for the first time since '48. A decision to back an Olympic bid was not expected from the federal government "until a specific project is chosen later next year," but Friday’s announcement that "the Federal Council decided to set up an interdepartmental working group that will support the primary responsibility of the Swiss candidature" has buoyed four regional projects that are currently preparing documentation to support their candidacies (GAMES BIDS, 12/3).

SBJ Morning Buzzcast: March 19, 2024

PGA Tour/PIF inching closer? Another NWSL sale for a big return and MLB's Go Ahead Entry expands

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/12/05/Olympics/2024-bid-cities.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/12/05/Olympics/2024-bid-cities.aspx

CLOSE