Olympic Games of 2016, costs per athlete are on average US$599,000 for the Summer Games and $1.3 million for the Winter Games. For London 2012, cost per athlete was $1.4 million; for Sochi 2014, $7.9 million. Where ambitious construction for the 1976 games in Montreal and 1980 games in Moscow had saddled organisers with expenses greatly in excess of revenues, 1984 host Los Angeles strictly controlled expenses by using existing facilities except a swim stadium and a velodrome that were paid for by corporate sponsors. The Olympic Committee led by Peter Ueberroth used some of the profits to endow the LA84 Foundation
Madrid bid for the 2020 Summer Olympics Madrid bid for the 2020 Summer Olympics Madrid 2020 was a bid for the 2020 Summer Olympics by the city of Madrid and the Spanish Olympic Committee. The last time the Olympic Games were hosted in Spain was in 1992 when Barcelona hosted the XXV Olympiad. This was the only time the Olympic Games were staged in Spain. Madrid was nominated by the Spanish Olympic Committee on June 1, 2011. It was then approved by the government a month later. On September 8, 2011 it was announced that Alejandro Blanco, president of the Spanish Olympic Committee, would preside the Madrid