Wednesday, 5 December 2012

Where did all of the funds for the Olympics come from?

The Olympic Stadium, London, Stratford. It cost £486 million to construct.







When all of the planning for the London Olympics was getting carried out, we were all wondering where all of the money was coming from. Was it coming from tax payers? sponsors?government?. I can now confirm where the funds came from. I used different sources to construct a couple of diagrams to explain exactly where all of the money came from. For the Olympics the committee was able to raise a total of £11.298 billion according to the guardian.
Above is a pie chart I made of where the funds were coming from. A total of £9.298 billion came from public sector funding. This is up of £6.248 billion coming from the central government, £2.175 billion coming from the National Lottery, £0.875 billion came from London (GLA & LDA) and lastly £0.004 billion coming from Sport England.

A total of £0.7 billion came from the International Olympic Committee where 50% of it came from TV broadcasting rights and the other 50% came from world wide sponsorship. 

Ticket sales raised a total of £0.6 billion towards the Olympic fund. 

Lastly £0.7 billion came from sponsorship with all of the brands being brands that we all know very well. Below is the full list of them. Each committing very different sums of money. 

Adidas, BP, BMW, BT, British Airways, EDF, Lloyds TSB, Cadbury, Cisco, Adecco, Deloitte, Thomas Cook, Arcelor Mitel,UPS, Cisco, Westfield, Thames Water, Ticket master, Trebor, Mature Valley, Next, Holiday Inn, John Lewis, G4S, Eurostar, Glaxo SmithKline, Heineken UK, Heathrow Airport, Rio Tinto, Rapiscan Systems, Populous, McCann worldgroup, CBS outdoor, The Boston Consulting Group, Airwave and Atkins. 




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