Hosting the Olympics and the world cup
Two major international sporting events attract wide audiences in many countries—three if we treat separately, as do the Olympic Committee (IOC) and television networks since 1994, the Winter Olympics and the Summer Olympics. Then there’s the World Cup of soccer, or as called outside of the United States, football. These events have certain things in common. They occur every four years; they have huge television and international audiences; the location of the event is different each time; there is some discussion of bribery in choosing the location (generally because such bribery exists); and much controversy about the outcome of particular sporting events is certain to occur. Each event is the property of a private organization, which is responsible for choosing the location, overseeing the nature of local arrangements and the rules regarding participants and selling the international television contracts. This private organization also does everything it can to protect the monopol
