Brisbane confirmed as host city for the 2032 Olympics / News - Basketnews.com

Credit: IOC Media Credit IOC Media

The Olympics will return to Australia for the third time after Brisbane was formally awarded hosting rights for the 2032 Games following a vote of the International Olympic Committee member nations in Tokyo.

With the Australian city, the only bid city still in the running and firmly endorsed by the IOC’s Future Host Commission, Wednesday’s decision was a foregone conclusion. Earlier on Wednesday, IOC communications director, Mark Adams had tried to play down the certainty surrounding the bid. “This is not a done deal because it’s still up to the session to decide,” he said.

The 2032 Olympics, the third to be hosted in Australia after Melbourne in 1956 and Sydney in 2000, is estimated to cost $5bn. The majority of this is expected to be covered through ticket revenue, domestic sponsorship and broadcast rights. The bid has predicted the Games will bring $17bn in economic benefit, although the Olympic movement is famous for high expectations unmatched by economic reality.

Brisbane’s successful bid comes amid a period of turmoil for the IOC. The Swiss-based international sporting body has attracted sustained criticism for its approach to the Tokyo 2020 Games, which began on Wednesday with softball fixtures and officially commences at Friday’s opening ceremony. The IOC has pushed on with its plans for this month’s Games, more than a year after it was postponed as a result of COVID, in the face of widespread domestic opposition. Polls suggest about 80% of the Japanese population want the Olympics cancelled.

Source: The Guardian.

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