The Daily Rancid actually ran a story yesterday that I was interested in.
Great Britain and Northern Ireland (pronounced Team GB by the BBC/SKY/ITV/STV etc) cost £274 Million pounds winning 27 Gold, 23 Silver and 17 Bronze medals in Rio 2016. That works out at £3.8 million pounds per medal. Now I blogged last week about the Olympics Boring and I am delighted it is all over.
Team GB is mainly funded by lottery funding so not directly from the Tax Payer really but we know that it is mainly working class people who buy the tickets and people on benefits are more likely to buy a ticket than those who are not, so it might as well be a tax in so many ways, but is it really worth £3.8 million pounds per medal. We did do really well in the posh sports and they receive the most funding, Rowing gets £32,622,862 and Cycling gets £30,267,816 of the funding. 32% of Team GB were privately educated, slightly down on London 2012 but still well over the population at large where only 7% go to private school, which kind of implies the wealthier you are the better chance you have of going to the Olympics.
The 2016 Olympics has cost Brazil $12 Billion Dollars, certainly less than London 2012 which cost $14.6 Billion Dollars, but an eye watering sum of money for a country that is for all sense and purposes a developing world country. Very few Olympics make a profit, London is said to have made a loss of $10.6 Billion Dollars and at a time when Brazil is closing schools and having Police Officers stay at home due to having no money, was it really worth it?
I admit to being a miserable git, Great Britain and Northern Ireland did well, but I just can’t bring myself to be happy about for it Brazil, who are basically broke, and ourselves. The money spent on the Olympics is obscene, will it inspire millions in the UK, I doubt it, and when I see the poverty around me, when I see my City really starting to look and feel broken, I just can’t find any joy in the teams achievements.