• Loading stock data...
Thursday, October 9, 2025
One week until Asset Class at the NYSE Request to Attend

Paris Organizers Say Olympic Budget ‘Under Control’ Amid Chaos

  • Committee leaders look to project air of calm following weeks of turmoil
  • Budget projections currently on track, but final determination likely years away
Peter Casey-USA TODAY Sports

After weeks of accelerating chaos and scandal both internally and across France, the Paris 2024 Olympic Organizing Committee is now attempting to project an air of calm.

Committee president Tony Estanguet said the $4.5 billion operating budget for the Paris Olympics is “under control” — a marked change of tone for what has been to date a deeply troubled runup to the Opening Ceremonies.

With 53 weeks to go before the start of next year’s Games, the event has already been hit with serious corruption allegations and controversy over alcohol restrictions, as well as issues surrounding high ticket prices, highly ambitious event logistics, and the city’s planned treatment of its homeless during the Games.

Additionally, Paris and its suburbs have erupted in repeated riots and violent demonstrations over the past month following a deadly police shooting of a teenager at a traffic stop.

Estanguet said the committee has raised more than $1.1 billion in secured revenue from sponsors. The group aims to secure 92% of the total operating budget by the end of the year, with robust ticket sales aiding that goal.

“We continue with enthusiasm and serenity in a bid to achieve this goal,” Estanguet said.

It could be years, however, before a final determination is made on Estanguet’s current optimism. The pandemic-impaired 2020 Tokyo Olympics saw its official costs fluctuate significantly, and the Olympics generally have a long history of overrunning budgets.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Alexis Ohanian

Alexis Ohanian Tweaks Track Rivals With Promise of Instant Payments

Athletes will be paid minutes after finishing their races at Athlos.
exclusive

NBC Leaning on Celebrity Star Power for Winter Olympics

NBC hopes Glen Powell can bring viewers to the Winter Olympics.
Noah Lyles (USA) wins the men’s 100m final during the Paris 2024 Olympic Summer Games at Stade de France in Saint-Denis, France, Monday, Sunday, Aug. 4, 2024.

Summer Olympics Face a Climate-Induced Heat Check

The World Athletics president says the status quo is not sustainable.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Oct 6, 2024; London, United Kingdom; British and United States flags on the field at Tottenham Hotspur Stadium.

From Dublin to London: Vikings on NFL’s First Multi-Country Road Trip

The Jaguars have previously played consecutive games in the U.K.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.
February 12, 2025

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’