Please note:
You are in the euro|topics archive. For current articles from the European press review, please go to

Home / Index of Authors

Kowalski, Cezary

RSS Subscribe to receive the texts of "Kowalski, Cezary" as RSS feeds

1 article of this author has been cited in the European Press Review so far.

Dziennik Gazeta Prawna - Poland | 12/02/2010

Expensive organisation makes Olympics unprofitable

The organisers of the Winter Olympics in Vancouver seriously underestimated the costs of the event, which according to conservative daily Dziennik Gazeta Prawna will no doubt ensure that future events are a lot less extravagant: "Vancouver pumped so much money into the games that they already know they will never be able to redeem their investment. Even the TV stations are making losses. The US broadcaster NBC estimates that losses will amount to around 200 million dollars. After the Canadians were chosen to host the games back in 2003 they estimated the costs at 660 million dollars. The current pessimistic yet realistic estimate is six billion dollars! This will no doubt be that last time we see such extravagant Olympic Games. Is Vancouver the end of the 86-year-long Olympic Games tradition? Surely not. But the next ones will doubtless be on a more modest scale."

» Index of Authors

Other content