Back

Inactive

AprameyaAI • 11m

Is Olympic Profitable ? 💸 Contrary to popular belief, hosting the Olympics often isn't the economic triumph! Let's break it down: 1. Massive Upfront Costs 💰 → Infrastructure, venues, security → Often billions over budget 2. White Elephant Syndrome 🐘 → Underutilized venues post-Games → Ongoing maintenance costs 3. Displacement of Local Businesses 🏬 → Short-term boom, long-term bust for many 4. Overstated Tourism Benefits 🧳 → Regular tourists often avoid Olympic cities → Surge doesn't compensate for costs 5. Opportunity Cost ⚖️ → Resources diverted from other public needs Real-world examples: • Montreal 1976: Took 30 years to pay off debt • Athens 2004: Contributed to Greek financial crisis • Rio 2016: Venues abandoned, $2 billion in unpaid debts "The Olympic Games are highly profitable - for the IOC." - Sports economist Andrew Zimbalist Is it time to rethink the Olympic hosting model? 🤔 Happy Medial! - Follow for more

1 Reply
3
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

LIKHITH

"You never know" • 1y

Ten days until the Olympics in Paris !! So... Here is a list of the historical Olympic venues till date. ● 1896 – Athens, Greece ● 1900 – Paris, France ● 1904 – St. Louis, USA ● 1908 – London, UK ● 1912 – Stockholm, Sweden ● 1920 – Antwerp, Belgium

See More
11 Replies
9
Image Description

Saket Sambhav

Adjuva Legal • 3m

Profit vs. Cash Flow 💸: The Silent Startup Killer! 💀 Heads up, founders! You can be 'profitable' on paper but still go bankrupt. Why? Profit: Revenue - Expenses (often accrual-based). Cash Flow: Actual cash IN ➡️ - Actual cash OUT ⬅️. Problem:

See More
1 Reply
2
12

Business karo India

Business karo India ... • 1m

Do you agree **Two types of startups dominate India today:** 1. **Profit-focused startups** – They grow steadily, solve real problems, and build sustainable models. 2. **Valuation-focused startups** – They chase funding, burn cash on discounts, an

See More
Reply
2
Image Description
Image Description

Pratik

Innately Curious • 1y

Lessons from Mythology#1 The Norse gods promised the sun, moon, and goddess Freyja to a builder who was actually a giant in disguise, if he could quickly build a fortification around Asgard. Aided by his powerful stallion, the builder made swift pro

See More
4 Replies
7
Image Description
Image Description

Dr Saurav singh

Doctor by profession... • 5m

In India, the rapid rise of restaurants, street food stalls (thelas), and tea shops (chai tapris) is driven by several key factors: 1. Easy Licensing & Low Entry Barriers – Compared to other businesses, setting up a small food venture often requires

See More
3 Replies
19
28

Aditi

Will become a inspir... • 2m

“Loss Leader Pricing: Winning Customers by Losing Money (Strategically)” “Loss Leader Pricing.” This strategy involves selling a product or service at a price that is intentionally below cost to attract customers. The goal isn’t to profit from the i

See More
Reply
2

Achint Sachdeva

Accelerating 0-1 pla... • 1m

Go on and create a “No-Business”! The relentless pursuit of hyper-growth often blinds founders to a more liberating path: building what VCs dismissively call a "No-Business." But what if that "No-Business" is precisely where true freedom and sustain

See More
Reply
2

Download the medial app to read full posts, comements and news.