Currently, there is no designated host city for the 2030 Olympic Games. However, Ukraine is a country that could greatly benefit from hosting the Games, as many of its sports facilities and infrastructure have been damaged due to bombings.
It would be wonderful if the international community, including the Olympic committees and private organizations, could come together to support Ukraine in hosting the Olympic Games.
Pierre de Coubertin, the founder of the modern Olympics, envisioned the Games as a way to promote peace, excellence, respect, and friendship. In addition to celebrating athletic achievement, the Olympics have the power to unite nations and promote fairness and equality.
Achieving this vision requires the cooperation of all Olympic nations and organizations. Let us work together to build a world where peace and equality are not just ideals, but a reality for all.
The financing of Ukraine’s Olympic Games would be entirely covered by the international community and the 206 National Olympic Committees (NOCs). All infrastructure and Olympic buildings would be for the 100% benefit of the people of Ukraine after the Games are over.
If the 206 National Olympic Committees participate with a fair percentage of each country’s GDP to finance the construction of the 2030 Olympic Games in Ukraine, we will for the first time have an Olympic Game produced by the International Olympic Committee (IOC) and financed by all NOCs for Peace, as Pierre de Coubertin wanted.
One possible approach would be to allocate a percentage of each country’s GDP to the NOCs based on the size and economic conditions of the country. Wealthier countries could be asked to contribute a larger percentage of their GDP, while less developed countries could contribute a smaller percentage.
The cost of the 2014 Winter Olympics in Sochi, Russia, was estimated at around $12 billion, but the final cost was reportedly closer to $50 billion. The targeted price-tag for the 2030 project should be around $50 billion, with the potential long-term economic and social impacts in a host city in Ukraine being very beneficial.
Ultimately, the key to collecting $50 billion fairly from the 206 countries would be to ensure transparency and accountability in the allocation of funds. The IOC and the NOCs would need to work closely with governments and other partners to identify and prioritize areas of need and ensure that the funds are distributed fairly and effectively. Any approach to raising $50 billion from the NOCs would require a coordinated effort and a clear understanding of the needs and priorities and could potentially be organized by the World Bank Group and its 189 member countries.
De Coubertin’s vision was to build a peaceful and better world through the Olympic games. He believed that the Olympic spirit would spread beyond the games and would inspire people to work together for peace and understanding. Are you inspired?
Richard Ahlström
PS - Based on the available data from the IMF as of 2021, the 0.01% GDP of the top 50 countries is approximately $7.15 billion, and of the top 100 countries is approximately $16.6 billion. Extrapolating this trend, we can estimate that the NOCs 206 countries would be significantly higher, perhaps around $30 billion or more.
