7 Articles
7 Articles
A few days before the closing of the accounts, the Organising Committee for the Olympic Games in Paris 2024 announced a surplus of 76 million euros in its budget, three times the figure estimated in December, which was 26 million euros.
Thanks to its surplus, the organisation will contribute €5 million to the return of the Olympic basin to the Tuileries in Paris over the next three summers.
Due to favourable exchange rate developments, good investment results and ticketing revenues, the Cojo has significantly increased its profits and is expected to finance the vast majority of French sports through several mechanisms.
We already know that the 2024 Paris Olympics were a huge deal for France. But in addition to being an economic success story, the Olympics also left a lasting mark on everyday life.
A few days before the closing of the accounts, the Organising Committee of the OJ 2024 (COOJ) announced a larger than expected budgetary surplus of around EUR 76 million. How can this surprise surplus be explained, and where will these resources be reallocated?
Significant Financial Surplus From the Paris Olympics Is Being Invested in the Development of Sports
Favorable exchange rates, higher ticket sales and merchandising revenues contributed to the favorable result.
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