I missed the announcement a couple of months ago so have only just seen that it's between Tokyo, Istanbul and ... Madrid.
How the hell can Madrid afford to host this? They're going to the ECB with a begging bowl just to keep the country running: where are they going to find the £5 to 10 billion pounds to host the Olympics? Which financial institutions are going to lend that sort of money to a broke country with a dodgy credit rating? It would be like lending a few hundred million to Pompey.
Interestingly, Istanbul is the favourite but I gather the IOC isn't keen on it hosting the Euros that same summer. It looks like Turkey would have to drop the bid for Euros to get the Olympics - which is surely good news for the Scotland, Wales and Ireland bid?
How the hell can Madrid afford to host this? They're going to the ECB with a begging bowl just to keep the country running: where are they going to find the £5 to 10 billion pounds to host the Olympics? Which financial institutions are going to lend that sort of money to a broke country with a dodgy credit rating? It would be like lending a few hundred million to Pompey.
Interestingly, Istanbul is the favourite but I gather the IOC isn't keen on it hosting the Euros that same summer. It looks like Turkey would have to drop the bid for Euros to get the Olympics - which is surely good news for the Scotland, Wales and Ireland bid?