The Paris 2024 Board of Directors announced the final budget for the 2024 Olympic Games, which resulted in a €26.8 million ($28.1 million USD) surplus.
Although it exceeded expenditure expectations, which the board attributes to inflation and increased security measures, it also exceeded revenue expectations. The committee cites the record 12.1 million tickets sold and hospitality as the primary reasons for surpassing revenue expectations.
Expenditures totaled €4.48 billion while revenue was €4.53 billion. The surplus will be paid back to sports organizations. This expenditure number is lower than the last couple of Summer Olympic cycles. One possible explanation is Paris’ utilization of existing infrastructure. The only new permanent venue constructed for the Games was the Olympic Aquatic Center which hosted diving, water polo, and artistic swimming.
The Tokyo 2020 Olympics reported a balanced budget, while the 2016 Olympics in Rio De Janeiro experienced a $2 billion deficit.
The full report from the Board Meeting, which highlights figures on sustainability, viewership, and economic impact, can be found here.
Awesome.
France can use the surplus to pay the lawsuits they will lose for making swimmers sick in the Seine.
I guess they saved a few millions by constructing a rather “shallow” Olympic pool that was particularly slooooow. OMG!!! #sigh
Someone is cooking the books to make it smell better. Probably ignored the cost of all the capital improvements and the river cleanup which was really a scam.
Disgusting
Paris was a big disappointment.
Hardly. Big picture. Fans of every other sport were raving about heights not depth.
it was exciting being the first post-pandemic olympics, but yea underwhelming overall
Let’s pay 80% of the surplus to the medalists
Clean Seine River budget: $2B
Actual spending for a dirty river and making athletes sick: $1.97B
Wow, congrats everyone. We saved $28M. Outstanding!!
$ 📈
Builds garbage pool way too shallow anyways
No
too shallow or not, we had some great performances anyways.
Marchand, Mcintosh, Pan, Finke …
Might have be better but how will we know?
Look at what happened in Budapest
Yes but only due to the pool.
I highly doubt!
Food, accomodation, facilities are important too and Paris hasn’t been good in these.
Marchand stayed in a luxury flat near the pool.