International Olympic Committee's Billion-dollar Business

The Paris Olympics, hosting 10,500 athletes from 200 countries, serve as a massive business venture for the International Olympic Committee (IOC), generating billions through broadcast rights and sponsorships. Despite reinvesting 90% of income into sports, critics highlight athletes' limited direct benefit and concerns over spending practices. The IOC, led by President Thomas Bach, operates with about 100 members and significant power dynamics, including expenses covered for key figures. Host nations bear the brunt of Olympic costs, with the Tokyo Games officially priced at $13 billion, potentially much higher than reported, showcasing the multifaceted nature of the Olympics as both a global event and a lucrative enterprise.