Connect with us
DAPA Banner

Sports

Fun events, but what about the bill?

Published

on

The build up to the 2026 Winter Olympics in Milan and Cortina have been far from ideal. The ice rink has been delayed and riddled with issues. The bobsleigh track has been controversial from the start. History shows that many Winter Olympic hosts have also been plagued by late construction completions and rising costs, but perhaps 2026 represents a tipping point.

“Quite frankly, this is inexcusable, especially for something like a multi-purpose arena,” Victor Matheson told DW, referring to the delayed ice rink.

“It might be a bit more understandable for specialized venues that need to be constructed specially for the Olympics, but from an economics perspective, if you don’t already have facilities in place, like a major indoor venue that can be used for hockey, you probably shouldn’t be bidding for the Olympics in the first place.”

Matheson is a professor of economics at the College of the Holy Cross in Worcester, Massachusetts, and his expertise lies in the economic impact of major sporting events.

Advertisement

Concerns about shady deals ahead of 2026 Winter Olympics

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

The estimated budget for the 2026 Winter Olympics is north of $3.5 billion (€3 billion). Some reporting suggests there will be an economic boost of approximately €5 billion as a result of the Games, through tourism and infrastructure upgrades for example. That figure remains an estimate.

History also shows that sadly too many Games suffer from white elephants – the concept that expensive stadiums and facilities become unused over time. The question of whether hosting an Olympics is even worth it has been asked before, but perhaps this is the year it feels pertinent to finally address it.

Italy’s controversial Olympic bobsled track

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

Advertisement

Is it even worth hosting an Olympics in 2026?

“Local citizens and taxpayers have said again and again that while the Olympics are fun events, they don’t necessarily want to get stuck paying for someone else’s party,” Matheson said.

“Given the general lack of local support, countries where citizens have little say in the process will certainly be in a better position to host these events than vibrant democracies. That’s how the IOC (International Olympic Committee) ended up having to choose between Beijing and Almaty for the last Winter Games. And FIFA has now had World Cups in Qatar and Russia, and is going to Saudi Arabia in 2034.”

The International Olympic Committee  is a non-profit organization, which means 90% the revenues from the Games go straight back into sport and athlete development, including aiding host cities. In 2018, it announced it would deliver $925 million for Milan-Cortina, slightly less than the $970 million it gave Beijing for the 2022 edition. But because of it’s structure, they are, in many ways, still very reliant on potential hosts.

Advertisement

“The IOC’s whole ‘Agenda 2020’ that committed the organization to a sustainable Olympics model (including sustainable economics), was not a choice based on benevolence but at last partly rooted in self-preservation,” Matheson said.

“The weird thing that people don’t realize is that the IOC really doesn’t have the money to put on its own events. It only has the history and the property rights to its name and the rings. It needs committed partners to actually host the Games.”

Muted countdown to Beijing Olympics

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

Local problems the real concern

In the case of Milan-Cortina, they found one but it was not a choice that came free of conflict.

Advertisement

“I think one important thing to remember for Milan-Cortina is that this is a circumstance where the problems are coming almost entirely from the local organizing committee not the IOC. The IOC has actually been quite willing to compromise in order to reduce the burden on local hosts in this case, for example suggesting that the hosts move the sliding events to Switzerland instead of spending huge sums on a new bobsled track in Cortina,” Matheson said.

“It certainly looks like pride got in the way of economics or efficiency at multiple points in this Games.” 

One logical solution would be having a handful of rotating hosts, an idea that has been voiced for the last 20 years. This would dramatically cut costs. Choosing them though, is the hard part.

“[Donald] Trump has also exposed another flaw in that plan. Obviously, the hope might be to choose hosts (permanent or otherwise) that support human rights and democracy, ” Matheson said.

Advertisement

“But what do you do if one of your preferred hosts makes a rapid turn from social democracy into human rights abuses and authoritarianism?”

Casey Wasserman, chairman of the 2028 Los Angeles Olympics organizing committee, speaks
Los Angeles will host the next Summer Olympics. Can they keep their costs and environmental impacts down?Image: Thanassis Stavrakis/AP Photo/picture alliance

While such solutions appear unlikely to appear in the near future, multi-country hosting, as FIFA have done in the World Cup, can help share the load, reduce infrastructural investment and increase the likelihood of long-term facility use. Matheson is also impressed with some ideas that the organizers of the Summer Olympics in Los Angeles in 2028 have come up with.

“I am quite pleased with several of the steps being taken for the LA Games, in particular the move to increase the geographical footprint by moving softball to Oklahoma. This will reduce costs (by using existing sports and tourism infrastructure), expand access to fans, and increase revenue (by placing at least some events in areas with high demand for the sport),” Matheson said.

Edited by: Chuck Penfold

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Sports

Bernardo Silva gave Man City and Pep Guardiola everything they could want and more

Published

on

Bernardo Silva will leave Manchester Cty in the summer after nine glorious years at the Etihad Stadium.

No one is irreplaceable. And no club appreciates that more than Manchester City.

Advertisement

In the last decade, City have seen the likes of Sergio Aguero, Vincent Kompany, David Silva and Kevin De Bruyne all ride off into the sunset. Legends one and all. Deserving of statues outside the Etihad. But success has continued to come in their absence.

And no doubt trophies will continue to be collected whenever Bernardo Silva decides to leave the club. Assistant manager Pep Lijnders said Silva will depart City this summer in his post-Liverpool press conference.

Get MEN Premium now for just £1 HERE – or get involved in our City WhatsApp group by clicking HERE. You can also join our City Facebook page by clicking HERE and don’t miss out on our brilliant selection of newsletters HERE.

Numerous clubs are monitoring the situation closely, including Barcelona, Juventus and several in both Saudi Arabia and the MLS. There is a simple reason for this: Silva remains at the top of his game.

Advertisement

Despite approaching his 32nd birthday, the Portuguese midfielder is still one of the most consistent footballers of his generation. A player small in stature with a gigantic amount of talent, energy and appetite to continue succeeding at the highest level.

In recent times, Silva has become Pep Guardiola’s lieutenant both on and off the field. In the past nine seasons, no one has been picked more times by Guardiola than Silva.

This weekend’s trip to Chelsea will be Silva’s 450th game in all competitions, all of which have come under the Catalan. He is the bloke Guardiola trusts more than anyone else, which might just be the biggest compliment a footballer can be paid.

When games appear to be lost, Silva makes something happen. When Guardiola needs some inspiration, he relies on Silva. A player whose infectious influence on those around him cannot be measured.

Advertisement

A footballer who can operate to maximum levels in different positions, someone with a relentless work rate to match his abilities on the ball and off it. He is an extension of Guardiola on the pitch. Someone who thinks, speaks and acts like his manager. An undroppable presence at this crucial stage of the season.

Guardiola has never hidden his admiration for Silva. “He doesn’t score too many goals or is not involved in all the assists, but he gives us something that is not in the stats, and a lot of things that are incredibly valuable to us. He is absolutely one of the best players I have ever trained in my career,” said the City boss of his captain.

With or without Guardiola next season, City will plough ahead with a deal to sign Nottingham Forest’s Elliot Anderson this summer. Anderson has emerged as one of the brightest midfield talents in Europe. But filling the sizeable boots of Silva will be the ultimate test of his burgeoning reputation.

Yet this is what clubs like City have to do.

Advertisement

Teams evolve – and there will be life after Silva. Replacing him will be tough. No doubt. But not half as difficult as replacing the manager who coached Silva into becoming one of the most influential footballers in Premier League history.

Content cannot be displayed without consent

Source link

Continue Reading

Sports

Lautaro Martinez shines with brace as Inter Milan rout Roma 5-2 in Serie A | Football News

Published

on


Lautaro Martinez is back from injury, and Inter Milan is back looking like the Serie A leader again.


Lautaro scored twice in his first action since February and Inter routed visiting Roma 5-2 on Sunday to end a four-match winless streak across all competitions.


Lautaro scored in the second and 52nd minutes at the San Siro. Hakan Calhanoglu – fresh off helping Turkey qualify for the World Cup – Marcus Thuram and Nicolo Barella also found the net for Inter.

Advertisement


Gianluca Mancini, along with Barella a member of the Italy team that failed to qualify for the World Cup, scored a momentary equalizer for Roma. Then Lorenzo Pellegrini pulled one back for Roma after the Giallorossi had gone four goals behind.

 


Inter, which had its advantage sliced from 10 to six points before the international break, moved nine points ahead of city rival AC Milan and 10 ahead of defending champion Napoli, which hosts Milan on Monday.


Bologna prepares for Aston Villa 
Earlier, Bologna won 2-1 at relegation-threatened Cremonese to move up to eighth before hosting Aston Villa in the Europa League quarterfinals on Thursday.

Advertisement


Joao Mario and Jonathan Rowe scored early for Bologna before Federico Bonazzoli pulled one back late for Cremonese by converting a penalty. Youssef Maleh of Cremonese and Lewis Ferguson of Bologna were each sent off in stoppage time.


Cremonese was without former Leicester striker Jamie Vardy, who sat out due to a muscle injury.


Also, Torino won 1-0 at last-place Pisa with an 80th-minute goal from Che Adams.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Advertisement

First Published: Apr 06 2026 | 3:49 PM IST

Source link

Continue Reading

Sports

Derek Chisora sums up Deontay Wilder’s chances against Usyk after facing both

Published

on

This past weekend in London, Deontay Wilder handed Derek Chisora the 14th defeat of his career.

Following an entertaining and chaotic twelve rounds, Wilder took the win on the cards via split decision, with two knockdowns proving decisive. It was a necessary victory for the former champion, who says he is keen on returning to the top level in an attempt to win back a world title.

Asked at the post-fight press conference how he believes Wilder will fare if he does go on and face the division’s best, with a specific mention of unified champion Oleksandr Usyk, Chisora said:

Advertisement

“He’ll do well. He’s got power. Wilder’s got power for the first three rounds, then after he fades, but he’s always got that power. I’m not gonna take that away from him.”

Usyk had been pursuing Wilder earlier this year as part of his plan to face every top name of his generation. Negotiations reportedly moved too slowly for the American, however, who instead signed to face Chisora. With the victory, he makes a case to remain on the Ukrainian’s hit list, though is battling against the likes of Fabio Wardley, Daniel Dubois, Tyson Fury and Agit Kabayel.

In the meantime, Usyk – who beat Chisora by unanimous decision back in 2020 – will face kickboxing star Rico Verhoeven on May 23. Controversially, he has been permitted to put his WBC world title on the line for the fight, much to the dismay of the top contenders given Verhoeven has had just one professional boxing bout. It is unclear what the WBA and IBF intend to do.

Source link

Advertisement
Continue Reading

Sports

The Undertaker took 76-year-old veteran’s idea to WWE, he claims

Published

on

The Undertaker is considered one of the greatest WWE Superstars of all time, known for his legendary on-screen character, backstage leadership and company loyalty. One veteran recently claimed that one of The Phenom’s ideas was originally his during their time together from the territories.

During The Deadman’s time in WWE, he was known for being the judge, jury and executioner of Wrestler’s Court. There have been a ton of stories about stars going through the kangaroo court system, but it wasn’t an original idea of the Hall of Famer.

Speaking on his Story Time podcast, Dutch Mantell, more famously known as Zeb Colter in WWE, revealed that he started Wrestler’s Court during his time in the local Memphis wrestling scene.

Advertisement

“(Wrestler’s Court) was all instituted because of The Undertaker. And it was instituted by Undertaker is because we started it in the in the car back in the Memphis days. Because Mark has been on trial several times, all convicted I might add, because I was the judge,” Mantell said.

youtube-cover

Some of the superstars who were put through Wrestler’s Court over the years include Muhammad Hassan, The Miz, Teddy Long, Goldberg, Edge, Christian and more.

But since The Undertaker has retired, the kangaroo court system is no longer practice inside the WWE locker room.


AJ Styles feared one of the spots against The Undertaker at WrestleMania 36

The Undertaker’s retirement match happened at WrestleMania 36. It was a Boneyard Match against AJ Styles, which was a cinematic match that was widely praised by fans and critics.

Speaking on his Phenomenally Retro podcast with Tony Giles, Styles revealed that he was scared to take the bump from atop the barn because he wasn’t sure where to land.

Advertisement

“I remember us being on top of the… I guess it was the barn or whatever… and I was thinking to myself, I can’t see where to land, just literally throwing me off the top of this building and I’m going through another little shed,” Styles said. [H/T SEScoops]

Fast forward six years later, The Deadman surprised Styles by announcing that he’ll be inducted into the WWE Hall of Fame as part of the Class of 2026.