The hosting of major sporting events
When a major sporting event, being held every four years, such as the Olympic Games or the football World Cup is held in a specific country there are different bodies which are involved in the hosting of the tournament or event. These can range from the world governing body of the sport involved and the organising committee of the country where the event is being held.
The hosting of the 2012 Olympic Games
With the 2012 Olympic Games being held in London the two main parties involved with the hosting of the event are as follows:
- The International Olympic Committee (IOC)
- The London Organising Committee of the Olympic and Paralympic Games (LOCOG)
What functions does LOCOG undertake?
LOCOG is responsible for the staging of the Olympic Games when they are held in London in 2012 whereas the International Olympic Committee (IOC) is the body which overseas every single Olympic Games regardless of where they are being held.
LOCOG is charged with delivering the best possible Olympic and Paralmypic Games for everyone who is involved with the games ensuring that a legacy has been left by the games.
What is meant by the term legacy?
The term legacy deals with the infrastructure which has been left following the conclusion of the Olympic Games or major sporting tournament.
For example if new stadiums and new transport systems are created in London for the 2012 games these will be able to be used following the conclusion for the event. Legacy is therefore a concept which deals with the benefits that the host of the event will be able to continue to use after the event has finished.
In order to create these improvements to the infrastructure in London LOCOG will be required to obtain various contracts for services ensuring that the games are delivered correctly and that they run smoothly.
Procurement for these contracts was a process which began in 2009.
Does LOCOG have any other functions?
LOCOG will also have the following functions:
- Requirement to stage a series of test events held in the year prior to the 2012 Olympic Games
- Requirement to recruit and train volunteers
- Requirement to oversee the four year Cultural Olympiad leading up to the Games
Where does the money come from in order for LOCOG to fund much of the infrastructure and operational requirements needed for the Games?
Most of the funding for LOCOG comes from the private sector with a total of £2 billion to be raised through various sources including the following:
For more information on:
- Does the UK Government provide any of the funding for the Olympic Games?
- Which UK Government department will be involved in coordinating the public funding for the Olympic Games?
- Is the amount to be provided by the UK Government something which has been set in stone by legislation?
- Is there a possibility that the budget for the 2012 Olympic Games will be reduced?
- How does the budget for the Olympic Games currently work?
- Is this a desirable position?