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London Olympics to be 'most expensive Games ever: Study


June 26, 2012 - London

The London Olympics this year will be the most expensive Games ever, a new study has suggested.

A report prepared by Oxford University's Said Business School, dealing only with 'sport-related costs, revealed that the final budget for the games would be at 8.4 billions pounds.

According to The Independent, the study showed that the total budget for the games has increased by 101 percent over its original 2004 budget estimate.he amount includes expenditure on security, transport, opening and closing ceremonies and the construction of venues and the athletes' village.he budget combines public sector subsidies with private funds that have been raised by the London Organizing Committee from sponsorship and ticket sales.

ANI

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