Would it be more affordable if every country participating contributed an amount proportional to their GDP to help lessen the financial cost and burden for the host nation?
This would allow for smaller countries to host the Olympics and not have only a couple of cities rehosting it 2-3x when other cities have yet to even host once.
The IOC makes a HUGE amount of money already. For instance, the US broadcaster NBC has the most expensive rights fees of any broadcaster in the world, they paid almost $8B to broadcast the games for 4 cycles of the summer and winter games.
That money has gone to the IOC, who uses it for god only knows what. If tomorrow I heard there was some massive money laundering scheme or other fraud going on at the IOC it wouldn’t surprise me one bit. They’re sitting on a gigantic pile of cash and ostensibly don’t do anything with it or have any regulatory review of it. That’s just breeding ground for corruption and to top it all off, it’s based in Switzerland.
Yes they do have a lot of money and yeah who knows how responsible they are with it but yes it also costs a lot of money from them to put on the games.