How to Build an Olympics
The Bottom Line
BBC
4.6 • 606 Ratings
🗓️ 21 July 2016
⏱️ 28 minutes
🧾️ Download transcript
Summary
The Olympics Games is the biggest sporting event on earth. But the road to a successful Olympics can be more gruelling than a marathon. With less than two weeks to go until the opening ceremony in Rio, Evan Davis and guests discuss the difficulties of managing the money, the politics and the people.
GUESTS:
Neil Wood MBE, Partner, Deloitte and former CFO of London Organising Committee for the Olympic Games (LOCOG)
Gerhard Heiberg, International Olympic Committee (IOC) member and President and CEO of Lillehammer Winter Olympic,s 1994
Professor Andrew Zimbalist, Sports Economist, Smith College Massachusetts, Consultant and Author
Producer: Julie Ball
Editor: Innes Bowen.
Transcript
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| 0:00.0 | Thank you for downloading this programme. In this edition of the bottom line, we're talking about how you finance, build and manage an Olympic Games. |
| 0:09.8 | Hello and welcome to the programme. We're gearing up for the Rio Olympics today, the International Olympic Committee say. |
| 0:16.1 | The Games has the power to deliver lasting benefits which can considerably change a community, |
| 0:22.1 | its image and its infrastructure. |
| 0:24.4 | But is this really what you get, once the fireworks of the closing ceremony have fizzled out? |
| 0:30.0 | And how do you manage a company the size of a Futsi 100, |
| 0:33.9 | knowing that it's only temporary and you'll eventually have to liquidate it. |
| 0:38.1 | Well, my guest this week include two people who've been involved in organising a games |
| 0:41.8 | and the third is a sports economist who's looked at whether their numbers and the Olympic |
| 0:46.4 | legacy live up to the promise. |
| 0:48.5 | Let's meet the three of them now. |
| 0:50.1 | My first guest, Neil Wood, former chief financial officer of the London Organising Committee of the Olympic and Paralympic Games, |
| 0:56.8 | Lockeg, now a partner at Deloitte. |
| 0:59.8 | Neil, just how did you get involved in that journey and how long were you there for? |
| 1:05.2 | I got involved right at the beginning in 2003. |
| 1:08.0 | I was invited by the then London Development Agency to be the finance |
| 1:13.6 | director of the bid. I turned up only to hear Barbara Cassani, who was the chair at the time, |
| 1:19.1 | say, no, she wanted to go through a proper recruitment process. So the whole thing started |
| 1:22.6 | all over again. I applied for the role and got it the second time around. And it was, I think, assumed that it will be 18 months a convent, |
| 1:31.3 | as London was likely to lose to Paris in 2005. |
| 1:37.2 | London won. |
| 1:38.3 | So I ended up staying for about another eight years. |
... |
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