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Graham Young

Go for Olympic host city gold - and go for broke too

The Olympic business model means that host cities invariably lose out. Brisbane will need a heroic effort to avoid that fate.

Graham YoungContributor

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If there were a gold medal for panhandling, the International Olympic Committee would be the clear winner.

This effective private monopoly has over the past 125 years convinced 62 cities, and often their national governments, to stump up ever-increasing amounts of money for the privilege of hosting a sporting binge for a couple of weeks.

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Graham Young is the executive director of the Australian Institute for Progress.

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    Original URL: https://www.afr.com/companies/sport/go-for-olympic-host-city-gold-and-go-for-broke-too-20210727-p58dev