Turin Olympics bring 974.4 million euros of profit

The net revenue from the 20th Olympic Games in Turin has amounted to 268 million euros. The Organising Committee of the Games and the Turin mayor’s office released this information on Sunday. The expenditure on staging the Games has amounted to 707 million euros, of which 163 million has been spent on providing the necessary infrastructure, and 257 million on technical equipment, reports RIA Novosti.

At the same time the Organising Committee has managed to earn 974.4 million euros from the Olympics: 470 million was accumulated by selling the rights to TV transmission, sponsors provided 420 million, 15 million came from selling licences, and the remaining 69.4 million was earnt from ticket sales to the Olympic competitions.

Initially it had been thought that only 64.4 million euros would be earnt from ticket sales, yet the organizers’ expectations were exceeded in this regard on only the sixth day of competition. Throughout the two weeks of the XX Winter Olympic Games 900 thousand tickets were sold in total. 30 thousand tickets, bought by people wanting to watch the athletes train in one of the Olympic venues in Turin, should also be added to this figure.

According to an estimate of the Turin mayor’s office, during the Olympics approximately one million tourists visited Turin and the surrounding Piedmont region. In Turin itself public transport carried approximately 3 million people to the mountains where many competitions took place.

Translated by James Platt

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Author`s name Dmitry Sudakov