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London Olympics to be 'most expensive Games ever: Study | The London Olympics this year will be the
most expensive Games ever, a new study has suggested. A report prepared by Oxford
University 's Said Business School , dealing only with 'sport-related costs, revealed
that the final budget for the games would be at 8.4 billions pounds. According
to The Independent, the study showed that the total budget for the games has increased
by 101 percent over its original 2004 budget estimate. The amount includes expenditure
on security, transport, opening and closing ceremonies and the construction of
venues and the athletes' village. The budget combines public sector subsidies
with private funds that have been raised by the London Organizing Committee from sponsorship and ticket sales. |
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