The Closing Ceremony, and all the Sporting Drama in between. But another, less welcome tradition has also emerged the Spiralling Cost Of Playing Host to the games. After a period of Keeping Costs down, a new University Of Oxford study reveals that since 2008, Cost Overruns are back. Host cities like paris are locked in to spending a lot more than they were expecting to when they bid for the games. According to this academic analysis, the last three Olympic Games combined cost 51 billion. Budgets overran by 185 . The Summer Games in paris this year, according to the report, was meant to cost 3. 5 billion euros. Instead, that cost has spiralled to 8. 8 Billion euros. And the next games in 2028 thats in Los Angeles Theyve already busted their original budget, revising an initial cost of 5. 3 billion up to 6. 8 Billion, and theres still four years to go. But its notjust an olympics issue. The commonwealth games, two years from now, may not happen at all, after the australian state of victo
From paris, and ill talk to the boss of one of londons leading high Tech Business spaces, which was the olympic Broadcast Centre in 2012. And later in the show, hes produced and been the creative director of more Olympic Ceremonies than anyone else. Marco balich tells me about The Business Of Pitching for and producing the greatest show on earth. Plus, she won two Gold Medals in the pool before turning her passion into a nationwide business. Britains Rebecca Adlington is our golden guest on this Talking Business olympics special. Welcome to Talking Business. Now, the Olympic Flame is lit in paris and the Summer Games are on. The games have many grand traditions, from the journey of the torch from greece to the host city, to the Closing Ceremony, and all the Sporting Drama in between. But another, less welcome tradition has also emerged, the spiralling cost of Playing Host to the games. After a period of Keeping Costs down, a new University Of Oxford study reveals that since 2008, Cost
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Commanding british troops on the Front Line of some of the worlds toughest hot spots, including afghanistan, iraq. The balkans, northern island. He was ireland. He was sent to kabul in 2003. Writing about richard, forces at the time said, his Effort Led to most successful, Counterterrorism Operation in kabul. Setting back the enemy campaign. In more recent years, he spent several years in downing street, head of international terrorism team, he was responsible for producing assessment on growing global Terrorism Problem at the time for the cabinet. Colonel kemp spent 3 months on a special Intelligence Assignment in baghdad, fallujah and for bravery, that sets stage for our discussion. Colonel kemp how are you sir. Very well, mark, thank you, real pressure. Mark i wanted american people to have a perspective from Command Or Ground who fought in afghanistan but what you have seen taking place from britain over the last week or so. From my perspective, and perspective of a lot of american