Explanation Of Olympic Economic Terms

Nowadays, "the biggest business is sports, and the second is computers."

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Montreal trap

Before the 80s of the last century, there were few cities that could afford to lose money.

The most notable of these is the 1976 Montreal Olympic Games. The Olympic Games had a huge deficit of about 1000000000 US dollars. The 15 day Olympic Games made Montreal indebted for 20 years. It was called "Montreal trap".

In 1998, Japan held the Nagano Winter Olympic Games. The government spent $19 billion to build high-speed trains and ski runways.

After the Olympic Games, the high maintenance cost of the venues and facilities led to the great recession of the Nagano economy.

In 1999, the manufacturing industry of Nagano declined at a rate of 30%, and 211 enterprises declared bankruptcy. The rate of decline created the highest record of the local economic recession since World War II. The Olympic economic history was known as "the Olympic Games recession after Nagano", which became the most famous positive and negative sign of the post Olympic effect after the 1964 Olympic Games in Tokyo.

The most profitable Olympic Games

The first profitable Olympic Games: in 1984, the Losangeles Olympic Games made a profit of 250 million dollars.

The first official profit making Olympic Games: in 1988, the Seoul Olympic Games made a profit of 300 million dollars, creating a record of official Olympic Games.

The most profitable Olympic Games

In 2000, the Sydney Olympic Games Organizing Committee earned $1 billion 756 million.

Ways to make money in Olympic Games

TV broadcasting rights sales, sponsorship income, supplier income, donation, franchise, postal goods, commemorative coin operation, theme cultural activities, and other income.