chapter  3
11 Pages

The role of major sports events in the economic regeneration of cities

Lessons from six World or European Championships
ByChris Gratton, Nigel Dobson

Up until the 1980s, hosting major sporting events such as the Olympics were thought of as a financial and administrative burden to the organising city and country. This view was confirmed by the loss of £692 million made by Montreal in the staging of the 1976 summer Olympics. The previous summer Olympics in Munich in 1972 made a loss of £178 million.