The Fate of the Olympics

The Olympic Games have always been a cosmopolitan event. The participation of sports teams from numerous nations enabled countries to unite and share equal spirit. Being appointed as a hosting country for the Olympics has always been a great honor for the selected countries. Hosting the Olympics not only makes the nation’s economy to grow, but also provides an opportunity for the country to build a positive impression.

There are numerous examples of successful Olympics in the past, such as how the 1984 Los Angeles Olympics and the 1988 Seoul Olympics are examples that truly succeeded in bringing financial benefit to each country. Well formulated plans and the state of affairs during the Olympics are important factors that bring success to the Olympics. At the time period when the Olympics were held in L.A. and Seoul, both cities were rapidly developing, arousing interest from the world. Also, the amount of money invested in the Olympics games resulted in the quality improvement of the Games. The 1988 Seoul Olympics enabled Korea to advance into the international market. Such as mentioned, hosting the Olympic Games fosters the entire country’s economy by attracting tourists and holding sports events. However, it is little more than a platitude that all Olympics held were able to achieve a financial profit.

It is a plain-spoken rebuttal that preparation for Olympic Events requires no effort. To host an Olympic Event, a large stadium, as well as accommodations for both the players and the spectators are needed. Other than that, equipment and volunteer workers are needed. It takes at least a couple of years for the completion of construction before the Olympics are held, resulting in a vast amount of deficit. Then, how does the hosting country retain its vast amount of deficit?

The Olympics rely heavily on the participation of spectators who come to support their teams. The entry fee for the stadium as well as the money spectators spend outside the stadium all cover the deficit. However, recent research shows that the number of bench spectators is decreasing rapidly. As all games are broadcasted live to all around the world, the need to actually spectate the events has diminished. To solve this problem of the development of mass media, the Olympic Committee should formulate a plan.

The 2018 Pyeong Chang Winter Olympics are coming, but most people believe that it will be marked in history as being another failed Olympics. As well as the current phenomenon of bench spectators, Russia is banned from the Olympics as several players were detected injecting drugs that enhance their performance.

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