Paris 2024: “It is difficult to imagine that the Games will only cost 7 billion euros”

The Olympic flame went out in Tokyo on Sunday August 8. All eyes are now on Paris and the 2024 Games. But, three years before the event, the budget is a source of concern. Will it be enough? What cost for the State and the taxpayer? Will public money only represent 3% of the total budget, as estimated by Tony Estanguet, president of the Organizing Committee for the Paris 2024 Olympic Games, and Emmanuel Macron? Jean-Pascal Gayant, sports economist, answers the questions of the “Obs”.

Will the organization of the 2024 Games be funded almost entirely by private organizations?

In my opinion, the assertion that public money represents only 3% of the total budget is misleading. It all depends on the perimeter that we take into account. The Games have a budget which is divided into two pieces. On the one hand, there is the budget for the Organizing Committee for the Olympic Games (Cojo) and on the other hand a budget made for the construction of infrastructure and equipment. Solideo ensures the delivery of the infrastructures. That is, the Olympic Village and the Media Village. In the case of Paris 2024, the Cojo has a budget of 3.9 billion euros. Tony Estanguet explains that only 3% of public money is injected into it. The rest is covered by sponsorship, ticketing and a very large contribution from the International Olympic Committee (IOC).

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