explain what has not gone right with the Olympic Games so that cities around the world are no longer eager to become an Olympic City although the Olympic sponsorship still brings in a large amount of money and the Olympic television broadcasting…

Prompt-
Based on the knowledge you have learned in finance and economics in the sport industry and the information related to the Olympic Games’ finance and economics using at least FIVE reference articles (excluding the textbook) to explain what has not gone right with the Olympic Games so that cities around the world are no longer eager to become an Olympic City although the Olympic sponsorship still brings in a large amount of money and the Olympic television broadcasting fees has kept rising. The following hints might help you write this essay by:
1. Examining the Olympic Games’ financial or funding structures and the needed investments to host Olympic Games;
2. Describing and defining the roles of the IOC (International Olympic Committee) and the host cities’ Organizing Committees of the Olympic Games in preparation for and operations of an Olympic Games;
3. Examining both successful and unsuccessful finance and economic examples of the past Olympic Games.

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