Olympic Winter Games Bring In Billions for the IOC

Source: Statista

The Beijing Winter Olympics are officially kicking off on Friday to almost no spectators. While the loss in tourism revenue due to the absence of foreign fans certainly has certain local businesses losing out, the International Olympic Committee is still expected to be earning a fair sum with the Winter Games. As seen in IOC data, TV rights make up the bulk of IOC revenue for Winter Games. And that sum has only gotten bigger over the years.

While the 1998 Nagano Games in Japan only brought in around half a billion U.S. dollars in TV rights, that number was closer to $1.5 billion for the latest Winter Games that took place 2018 in South Korea’s Pyeongchang. Ticket sales on the other hand bring in a much smaller revenue share.Even if tourists could visit, the impact on the local economy from Olympic Games is not major anyways. According to a study by the Austrian Institute of Economic Research, Olympic Winter Games in the past have not had a measurable economic impact neither on the regional nor on the national economy of the countries that have hosted them. Because of their bigger dimensions, Olympic Summer Games were able to raise GDP per capita by 3 to 4 percent regionally, according to the study.

This From Feb 4-20, 2022, this year’s Winter Olympians will be competing in the Beijing Games. The competition is the second Olympic Games held under pandemic conditions after the Tokyo 2021 Summer Games. The capital of China was the venue for the Summer Olympics in 2008 and therefore already has an existing infrastructure for the sporting competitions.

Manchester United Fan Podcast Focus: American Red Devils

Today’s Fan Podcast Focus is American Red Devils, a Manchester United podcast that gives you the latest Manchester United news and updates from the US.

Presenters, Alex and John, started the podcast in 2017 shortly after Manchester United won the Europa League. They both thought Manchester United was due to return to greatness after Zlatan, Pogba, and Lukaku linked up at Old Trafford. Unfortunately for the fans, neither Lukaku nor Mourinho would not be enough to bring a title back to Manchester.

The guys add:

“For well over a decade we have set the automatic coffee maker on Saturdays and Sundays to rise early and watch the best football club in the world. Over the years we have amassed cursed jerseys (Anderson, Falcao, Schniderlin) and made multiple trips to the UK to watch Manchester United matches. After searching for a Manchester United podcast, we decided there was not an American perspective of Manchester United out there. On a whim, we decided to purchase a few used mics and start recording the Weekly Manchester United Podcast. We try to bring good banter and have a laugh.”

Here is a recent podcast, “USMNT World Cup Qualifying”:

You can also connect with American Red Devils on:

Instagram
Spotify
The Web
Twitter
and YouTube.

Let us know if there are other YouTubers, podcasters or bloggers you would like to see added to Follr!