Summer Olympic Games swimmer Mark Spitz, Lasse Virén (of Finland)'s back-to-back gold in the 5,000 meters and 10,000 meters (defeating American distance running great Steve Prefontaine in the former), and the winning of three gold medals by 16-year-old Soviet gymnastic sensation Olga Korbut - who thrilled the world with an historic backflip off the high bar. Korbut, however, failed to win the all-around, losing to her teammate Ludmilla Tourischeva. There was no such tragedy in Montreal in 1976, but bad planning and fraud led to the Games' cost far exceeding the budget. The Montreal Games were the most expensive in Olympic history, until
Olympic Games ceremony Committee makes a speech. The IOC President then makes a speech before closing the Olympics by saying:"And now, in accordance with tradition, I declare the Games of the [ordinal number of Summer Olympics] Olympiad/[ordinal number of Winter Olympics] Olympic Winter Games closed; and call upon the youth of the world to assemble four years from now in [name of next host city] to celebrate the Games of the [subsequent ordinal number of Summer Olympics] Olympiad/[subsequent ordinal number of Winter Olympics] Olympic Winter Games". Finally, the Olympic flame is extinguished, marking the end of the Games. Olympic Games ceremony Olympic Games