Events

The Olympics are now drawing to close, with a lot of money spent and a lot of questions asked. The £11 Billion+ budget has been spent on constructions, infrastructure, organization, and so on. But a lot of people have been asking the same questions. Do the athletes get any of it? The short answer, actually, is no. The money spent by the London Organising Committee of the Olympic and Paralympic Games (LOCOG) goes majorly into organizing the events, dealing with the audience, setting up and decorating the venues, and so on. So the big question is, how do the athletes make money? Where does the money come from and how much are they paid?

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The London Olympics 2012 are well under-way and we have already seen great performances from athletes from around the world. Hundreds and thousands of fans and supporters have flown in to catch the live action, and as always, Britain is proving to be a good host. But the games and excitement aside, concerns have been raised over how much has been spent in the games. Britain has already gone overboard the initial bidding amount of around £2.4 Billion, which raises one widely-asked question. How much will the London Olympics Cost? And how much will London make from the Olympics? Well, let’s first take a look at what it’s costing.

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