Olympics cost £11bn .... would we have really missed it?

[Myriad2112]

So the Olympics is over and the country is £11bn worse off.
Being sone of the minority who watched less than 4 minutes of the whole thing, do we think that it was all a bit of a waste of time and money in the grand scheme of things?

[Mick-Talbot]

What, things like Lacrosse ?

[joggerjayne]

As a purely grass roots sport, I don't think Lacrosse receives much public funding.

[Mick-Talbot]

http://www.theanswerb...=joggerjayne+lacrosse


I just knew your name was synonymous with Lacrosse ;0)

[joggerjayne]

I like fast moving games played at grass roots level. And my goddaughter is becoming a good player, so I go and watch her quite a lot. And the new season starts soon.

=0)

So if I was going to search your name, MT, what other word would bring up results? (I'm going to resist any cock references, LOL)

[DTCwordfan]

everybody talks about the cash out - but what about the benefits, never mind the feelgood factor.

Goldman Sachs reckons that the economy will benefit from the Games directly by +0.5% (this is not what the quarter will deliver, just the impact of the games) and 0.3 for Q4 and then for q1.

Start to do some of the maths and you realise why. One small example, 22000 journalists in London for 20 nights (hotel rooms) and out on the town on expenses - say £150 a night for bed and £200 expenses (food/taxis/all the rest and youhave a number over £150 mln into the economy.

[joggerjayne]

I think the Govt, and LOCOG, and Sport England and everybody should stop trying to justify it financially. They will never make the figures work.

They should just adopt the Beijing approach, and say ...

It's cost us a damn fortune, but everyone enjoyed it, so live with it.

[AB Editor]

No.

Dot, 2003 was a good summer. Absolute scorcher.

[factor-fiction]

I don't know whether the £11 billion figure is correct- I thought the official figure was much lower although experts had predicted further costs may 'come out of the woodwork' later.
Does the £11 billion a gross figure or a net figure after sponsorship, ticket sales, merchandising and TV rights are taken into account?