Published by Bob Foster
Well, the Winter Olympics in Vancouver kick off tonight with the opening ceremonies. So, in keeping with the spirit of the games, I thought I’d share a bit of trivia for your contemplation.
- NBC paid $820 Million for the broadcast rights to the games—34% more than they paid for the rights to broadcast the 2006 games.
- The 2010 games are costing Canada $7.85 Billion, of which $1 Billion is for security alone. (What has happened to our world where so much security is needed for a “sporting” event? What is mankind becoming?)
- The most profitable Olympics were held in Los Angeles in 1984, with $464 Million (today’s dollars) profit.
- Rumors estimate the cost of the next winter games in Sochi, Russia at $33 Billion.
- The most expensive Olympics were held in Beijing in 2008 where they dropped a cool $40 Billion. (I imagine much of that expense was for facilities that did not exist prior to the games).
- The Royal Canadian Mint extracted gold, silver, and copper from 6.8 TONS of electronic trash headed for the landfill, to make 615 Olympic and 399 Paralympics medals.
- Today’s Olympic Gold Medals are 92.5% silver (the rest copper), covered with 6 grams of gold plating.
- The last all-gold medals were made for the winter Olympics in Stockholm—in 1912.
I hope these Winter Olympics are profitable for Canada, and I wish the best of luck to all the participants!