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Beyond the Podium: How Switzerland Profits from the Paris Olympics Major sporting events affect Swiss GDP. The IOC, FIFA and UEFA are all located in Switzerland. Their revenues and the surge in activity and spending related to ticketing, licensing and broadcasting for the Olympics, the World Cup and the Euros usually raises Swiss GDP growth by up to 0.5ppts in years with the Winter Olympics and World Cup. Adjusting for the revenues generated from these major sporting events, we project Switzerland’s GDP growth to be 1.2% this year. Switzerland is one of the 200+ economies we cover under the Global Macro Service. To request a free trial to uncover more insights, click here https://okt.to/JLFhOI To read more analysis on the Olympics, visit our topic page: https://okt.to/r6heL5 #ParisOlympics #Switzerland

The Olympics stand as a profound symbol of global unity, athletic excellence, and cultural celebration. Recognizing the transformative potential of these quadrennial games, Qatar has long aspired to host them, aiming to become the first Arab and Muslim nation to achieve this historic milestone. Yet, Qatar's journey to host the Olympics has not been without its challenges. Despite unsuccessful bids for the 2016 and 2020 games, the nation has remained steadfast in its commitment to sports, investing heavily in state-of-the-art training facilities and cutting-edge sporting infrastructure. So, what would it take for Qatar to host the Olympics? Alongside my colleague at Doha News, we spoke to several experts to explore the daring question. https://lnkd.in/dWRRcrKY #Olympics #Qatar #sports

The financial impact of the Paris 2024 Olympic and Paralympic Games on the French economy is expected to be only temporary, according to a report by French statistics authority Insee. #paris2024 #france #olympics #insee https://lnkd.in/ez2d2R4S

The Paris 2024 Olympic Games were a remarkable event that left a lasting impact. Here are my thoughts: The Games were estimated to generate between EUR 6.7 billion and 11.1 billion in net economic benefits for the Paris region. Sectors like tourism, construction, and organizing the Games contributed significantly. France’s Q3 GDP received a 0.3 percentage point boost, reaching 0.5 percent due to the Olympics. French President Emmanuel Macron emphasized the need for parties to form a broad coalition post-Olympics. I’m eager to see how the political landscape evolves. The question of who will be the next French president adds an intriguing dimension. Let’s keep an eye on the developments! As we celebrate the achievements of athletes, let’s also recognize the Games’ impact beyond the sporting arena. #Paris2024 #EconomicImpact #OlympicsSuccess

Europe’s most important football event is not only expected to contribute to the growth of the German economy, but also to the economy of the countries in the Play-Offs phase. Hospitality and retail sales are predicted to reach £386.9 million in the UK during the UEFA Euro 2024 Round of 16. Expectations are indeed high - both in football and revenues of the participating countries. ⚽📈 #TourismLab #thinktourism #HospitalityManagement #Euro2024

🚨PETITION: OLYMPICS AND FIFA BAN ISRAEL FROM INTERNATIONAL SPORTS NOW🚨 Israel’s military is gearing up to invade Rafah where more than half of Gaza’s 2.3 million people are sheltering. Despite the ongoing genocide, Israel’s sports teams continue to compete internationally. Russia was threatened with bans from international sports immediately after invading Ukraine, and eventually banned from the 2024 Olympics. Israel's football team is set to compete in major European matches in weeks and with the Olympics coming up in July, now is the time for sporting federations to join international committees and add the needed pressure to stop Israel’s violence. Yet, the Olympics, and all other sporting federations, continue to allow a country which has undermined this principle – Israel has killed more than 30,000 Palestinians in Gaza since October, including 1,000 athletes. This includes Abu al-Abed, Palestine’s Olympic Football coach. This is why over 300 sports teams in Palestine have joined in this call. Let's stand with them and show overwhelming global support to ban Israel from these games. Call on the International Olympic Committee, FIFA, and UEFA to ban Israel from competition until it stops the genocide of Palestinians. The Olympics spirit is meant "to build a peaceful and better world..." Click the Linktree here 👉 https://lnkd.in/dyJ22U8p and sign the petition now! Make sure to share the link with your contacts too! 🔔 Don't forget to follow us for notifications so you don’t miss out on any call to action!✊🏼🍉 #banisraelfromolympics #banisraelfromfifa #banisraelfromsports #freepalestine #israelisaterrorstate #C2ANOW🇵🇸

Stéphane Colliac in #EcoTV ▶️: "France vs. Germany: "good things" come in threes ?" According to the expression “goods things come in threes”, #France would meet #Germany for the third time in the three lasts Euro football tournaments and win a third consecutive success. On the economic front, French results have already outpaced German results in three important areas over the past five years: job creation, investment #Growth and the transition to services. As a result, it is not surprising that France generated an additional 0.5 percentage point growth per year compared to Germany. The full video here 👉http://bnpp.io/ofoO50Svku2

2024 Olympics Country Bans Russia is the latest country barred from Olympic participation, a practice with historical precedent when nations conflict with the International Olympic Committee's (IOC) vision to "Build a Better World through Sport." This vision allows the IOC to exclude countries for reasons like doping, political policies, war aggression, non-compliance with IOC rules, and discrimination. The World Anti-Doping Agency identified state-supported doping in Russia, leading to an initial four-year ban, later reduced to two years by the Sports Court of Arbitration. This prohibited Russian athletes from representing their country in the Olympics, World Championships, or Paralympics during 2020-2022. Historically, bans trace back to the 1920s, starting when five countries were banned in 1920 due to their roles in World War I. In subsequent Olympics, countries like Germany, Japan, and South Africa faced bans for various reasons, including war aggression and apartheid policies. For instance, South Africa was excluded from 1964 until 1992 due to its apartheid regime. More recent examples include Kuwait's ban in 2010 and 2015 for non-compliance with IOC rules, and Afghanistan's exclusion in 2000 under Taliban rule, which restricted sports participation severely. For the 2024 Paris Olympics, Russian and Belarusian athletes face restrictions; they can participate as neutrals without national symbols if they are not linked to military activities or support for the war in Ukraine. The IOC reserves the right to decide their eligibility for the closing ceremony, reflecting ongoing geopolitical tensions and the evolving nature of Olympic bans. #SportsIndustry #AthleteDevelopment #SportsManagement #TeamBuilding #Coaching #Fitness #Olympics #SportsTechnology #LeadershipInSports #SportsBusiness

Checkout Bloomberg's new Middle East Money newsletter, out every Monday rounding up the news from the region. This week, we lead on Saudi Arabia's World Cup Playbook. Two years after Qatar hosted the most expensive FIFA World Cup ever, Saudi Arabia unveiled plans for the 2034 event that’s expected to be played in the kingdom. In many ways, the tournament will be the culmination of Saudi Arabia’s ambitions in the sport. Three years ago, the country’s powerful wealth fund bought Premier League club Newcastle United. Cristiano Ronaldo, one of the biggest names in the sport, joined local club Al Nassr for an estimated $200 million annual salary. Efforts to recruit Lionel Messi for $400 million a year didn’t pan out, but Brazilian Neymar and French striker Karim Benzema now play in the Saudi league. While attendance for local games remains low, the kingdom has managed to line up broadcasting deals in more than 130 territories at far higher rates. And more Saudi women are now getting involved in the sport. The government also hopes that the lineup of stars — and the marquee event in 2034 — will eventually boost its appeal as a tourism destination. Critics say those efforts, clubbed with a push into other sports and the arts, are aimed at varnishing its international image.   Saudi authorities said last week they plan to have 15 football stadiums ready by 2034, including 11 new ones. Beyond Riyadh, the others will be in Jeddah, Al Khobar, Abha and Neom — an entirely new urban area in the north-west of the country. All stadiums will have over 40,000 seats, as per FIFA requirements. Separately, the government unveiled plans to extend further support to a struggling construction conglomerate that could now be key to the kingdom’s plans to host the event. The most eye-catching bit, of course, is the Neom stadium. Situated within the Line project that’s envisaged as a pair of mirror-clad towers expected to eventually span about 105 miles, this venue will rise 350 meters above the ground and run entirely on renewable energy. It’s unclear how much this will all cost at this point, but Qatar spent upwards of $300 billion. For Saudi Arabia, the outlay would come against the backdrop of lower oil prices, weaker-than-projected foreign investment and budget deficits that’s already forced the government to prioritize spending. Capital Riyadh is benefiting as developments there take priority over ones like Neom, where The Line has already seen some plans scaled back, Bloomberg News has reported. There are also long-term costs to consider. The state-backed lenders that helped Doha finance everything from highways and hotels to stadiums and sewage systems are struggling with rising loan losses, Bloomberg News has reported. Crown Prince Mohammed bin Salman will be keen for Saudi Arabia to avoid similar challenges. https://lnkd.in/dZy727HF

Nigeria coasted to victory when they hosted Libya in the first round encounter of the 2025 AFCON Qualifiers at the Godswill Akpabio Stadium in Uyo and were set to play the away fixture at the Martyrs of Benina Stadium in Benghazi, Libya. Unfortunately, due to force majeure, the game was suspended. -Here are some of my observations and possible legal implications of this incident. It is imperative to note that this disgraceful antics, tricks or ‘DARK ARTS’ as some would call it, is seen often in African football. A practice that must indeed die for good if we genuinely care about the continuous development of African football. The 2025 AFCON Qualifiers is guided by the REGULATIONS OF THE AFRICA CUP OF NATIONS. Article 16.9 of the regulation states; “the matches shall be played in compliance with the laws of the game” The game is to be played fair at all times. This is why players shake hands before kick-off and captains exchange pennants, it is why the game is stopped when there is an injury and so on. The spirit of sportsmanship and Fair Play must be duly observed. It is sacrosanct. Nigeria were en route to the Benina Airport in Benghazi, where the game was scheduled to be played but the flight was suddenly diverted to Al-Abraq Airport, an airport that was confirmed to be used for ‘Hajj’ activities. Article 16.14 of the Regulations states that; “If the distance between the capital and the city where the match is to take place is greater than 200 km, the host association shall provide transportation for the visiting delegation by air If there is an international airport in the city where the match will be held or near that city by less than 200 kms; and if the visiting team wishes to land directly at this airport; the host association must facilitate all formalities for entry” The Tunisian pilot reported an unexpected diversion from Benina Airport to Al-Abraq Airport, despite initial approval. Repeated requests to land at the initial destination, citing fuel constraints, were denied. Fortunately, the pilot's familiarity with Al-Abraq Airport enabled a successful landing, despite the airport's limited runway space. The lives of everyone on board that plane was jeopardised because of a football game. This act is simply unacceptable and must not go unpunished. Not only were the Super eagles made to forcefully land in Al-Abraq, they were also forced to stay at the Aiport for 16 hours with no food, or internet. Hotels around the airport were under strict instructions not to allow any Nigerian in except for the Tunisian Pilot and his crew. This is contrary to provisions in article 31.1 to 31.6 which covers reception at the Airport, logistics and accommodation for visiting teams. Finally, Libya have two Prime Ministers and therefore are unfit to host international games. Article 19.1 provides for force majeure, war and internal situations. I trust Confederation Africaine de Football (CAF) and FIFA to make the right decision.