International Olympic Committee News

[Grassmarket 4,110]

2 hours ago, JoshMartini007 said:

It still makes a lot of money, if it isn't the highest it's up there.

 

It also helps that the stadiums are located away from the host city so it has less competition with other sports.

Exactly, it encourages other cities from the bidding nation to support the bid.

[Orangehair43 285]

15 minutes ago, Grassmarket said:

Exactly, it encourages other cities from the bidding nation to support the bid.

Which was a factor in 2012 at least. 

[mpjmcevoy 375]

5 hours ago, hckošice said:

like seriously, I consider myself like a total olympic fanatic person, but I never watched a single second of football at the olympics once the opening ceremony started except the gold medal games ofc

It is by far the biggest ticket sales of any sport at the Olympics - even 70% full stadia means about 58 matches with 30-40,000 odd crowds - even the athletics rarely sells that many tickets (usually across 18 sessions full to the brim, the equivalent of about 36 matches of 30-40,000.) and no sport other than track and field comes close. Moreover, it tends to create an easy win for 'spreading' the Olympic bounty, and rarely requires any meaningful new build, unlike Athletics. You are talking, when you add in VIp ticket sales and the usual venue add ons, generating revenue in the $200-300 million range - Revenue which, unlike most of the money from the Games (TV rights, sponsorship, branded merch), goes to the host organiser, not the IOC.

 

The thing about being an Olympic fanatic is that we often get here precisely because we rejected to some extent or other the overwhelming soccer culture that exists everywhere outside North america and the antipodes. So we aren't Olympic football's target audience. Casual fans who like football - of whom there are a LOT - are.

 

I do wonder, in all sincerity, if Brisbane might be better doing this with cricket than soccer - or if LA would have been better doing it with baseball.

[mpjmcevoy 375]

5 hours ago, NearPup said:

Some double digit percentage of all ticket sales at the Summer Olympics is from

Football, and all that for a relatively low cost. And the TV numbers can’t be that bad because when the IOC did its revenue tier list of sports Football was in B (behind only the big usual suspects like Athletics, Aquatics, Gymnastics, Volleyball, Basketball…), and 40% of that ranking was TV ratings.

And this with relatively small fields, so lots of nations with no skin in the game.