Both 2024 and 2028 Olympics to Be Decided in September

Posted July 13, 2017

Los Angeles hosting the Games will provide a massive stimulus in future negotiations with American companies.

Los Angeles Mayor Eric Garcetti said two of the world's "greatest cities" stand ready to host the Olympics. "This solution was unanimously accepted by the IOC Session".

"Today is a great day for the olympic movement and for these two great olympic cities". "There are procedures to be followed in the two cities, but I hope in August we could be there if everything goes well". The financial repercussions for cities to host the Olympics reportedly made the International Olympic Committee realize it is better to seize the opportunity to partner with multiple cities that could handle the burden of staging the Games. The three social networking giants are said to have each offered the tournament's U.S. rights holder Fox Sports "tens of millions of dollars" to stream games in their domestic market as they ramp up their interest in premium sports content. Paris still has to shell out money to build housing for athletes and the news media, which is expected to cost $2 billion.

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"I am committed to put all my energy to reach this agreement for Paris to reconnect with this handsome olympic adventure she has been waiting for 100 years", stated the municipal official in paris. "Calgary are looking at it again, so perhaps we are moving out of the phase that the IOC had where, particularly in Europe, politicians seemed to be very loath to take on the major multisport Olympic events on the basis of their inability to control costs".

Before you run to the end of the press conference: "The Parisians, the French people know that we are here for this historic moment and that the Games will return to Paris ".

Any other cities applying for 2028 can instead concentrate on 2032.

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"This will create a win-win-win situation for L.A., Paris and the entire Olympic movement", the IOC president said, standing beside Garcetti.

While Rio 2014 had received official support of 1.5 billion United States dollars, the city that will inherit the OJ 2024 is expected to receive us $ 1.7 billion, according to several sources, the aid could mechanically increase of 100 to 200 million USD to 2028.

The IOC membership earlier approved a decision to recognise the "exceptional circumstances" and "unique opportunities" presented by the candidatures of Los Angeles and Paris for the Olympic Games 2024.

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Commenting on Paris' win, President Emmanuel Macron said: "The values of Olympianism are our values". With this year's US Women's Open, the crown jewel of women's golf, set for Trump National Golf Club in Bedminster, New Jersey this week, the Federal Aviation Administration (FAA) has issued a temporary flight restriction in nearby airspace, a telltale sign of the president's intention to travel. There is a potential bid from Stockholm, which is hopeful because if ever a country deserved a Winter Olympic Games it's Sweden.