A Tale of Two Stadiums
The official press release reporting the financial results of the London 2012 organizing committee showed achievement of a balanced budget. This is a standard goal of well managed not-for-profit enterprises. The reported operating revenues of UKL 2.41 billion and expenditures of UKL 2.38 billion met this goal and budget estimates of London 2012 organizers.
Six years after a picture-perfect London 2012 Summer Olympics, the auditing firm Ernst & Young published a financial report with a different perspective. This detailed the financial results of E20 Stadium, the owner and operator of Queen Elizabeth II Park, which had served as the main venue for the London 2012 Games. The report showed an operating ...
Get The Olympic Sports Economy now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
