The IOC has billions of dollars laying around and billions more coming because to most people the Olympics is just a television show and the ratings are so high that the broadcast rights will never go down. The IOC doesn’t pay the athletes. It doesn’t share revenue with host countries. It doesn’t pay for countries to send their athletes. It doesn’t lay out any construction or capital costs. It doesn’t pay taxes.
It basically holds caviar rich meetings in five star hotels in the Alps before calling it a day. That and conduct weak investigations into corruption charges of the bidding process, of course. “No evidence uncovered” is on a win streak.
It’s a heck of a racket. Only FIFA does it better.
The world has caught on, though, which is why the mere mention of the IOC is toxic to all but the most desperate and totalitarian of governments.
The USOC is a non-governmental body, so unlike just about every other nation, it receives no direct public financing. It would love to host another Olympics, but the bid process is so unpredictable that wasting money and political capital on trying is risky. And then there would certainly be a public cost in the construction and hosting.
You want a good host for the 2022 Winter Olympics? Salt Lake City, which held it in 2002 and has all the venues and infrastructure already in place. There’d be some updating at minimal cost and, bang, a great location.
The IOC is too snooty for that, however. They don’t like returning to the same city so soon so they’d prefer either Aspen, Colo., (complete with bullet train from Denver which has no practical use post Olympics) or Reno/Lake Tahoe. That would require billions building all the same stuff Salt Lake City already has in place.
Anyone want to put that up for a vote?
Then there is all the kissing up and glad-handing and who knows what else? Forget just the alleged direct payouts. How petty and ridiculous are these sporting aristocrats? Their actual listed demands are ridiculous, including their own airport entrance, traffic lane and prioritized stoplights. And just providing a five-star hotel suite isn’t enough.
“IOC members will be received with a smile on arrival at hotel,” the IOC demands.
Instead the world is giving them the middle finger.
So China or Kazakhstan it is, the last two suckers on earth willing to step up to this carnival barker.
One lucky nation will win. The other will host the 2022 Winter Olympics.