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According to Matheson and Bade 2002, “The prevailing perception seems to be that a properly run Olympics generates millions, if not billions of dollars in profit for the host nation”. (Matheson and Bade, 2002) In 1984 Los Angels was the sole bidder for the Olympics, today cities fight for the chance to host these mega events because usually of the promise of a financial windfall. Does this potential economic windfall justify the substantial costs and risks?
There are many people and sources who view tagging these events as a chance to change the fortunes of the hosting city, but equally there are still many who say these events bring along with them to many problems both economical and social. The aim of this assignment will be to investigate and analyses mega sporting events and evaluate and conclude on whether or not hosting these events actually bring with them social and economical advantages or disadvantages. Examples of mega event such as the European football championships, the football world cup and the
Olympic games will be used and examined to see how the host nations and cities have been either positively or negatively effected, both economically and socially, over the years. After this analysis of these events has been completed, an overall perspective on whether or not the positive impacts outweigh the negative impacts will be formed. This will be the basis for the final conclusion and will help answer the assignment question. Many sources will be used to help reach the final conclusion, including…