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Paris 2024: costs are rising and revenues are long overdue

The Paris 2024 Organizing Committee for the Olympic Games (OCOG) is faced with a delicate equation, with increasing costs and long-awaited sponsorship revenues. The partnerships must reach the sum of 1.1 billion euros in order to guarantee a minimum public participation (3%) in the final budget. But only four “premium” partners – a ticket of around 100 million euros granted by Sanofi, Orange, BPCE and EDF – have so far signed. With this second-tier partnership and the in-kind counterparts, Accor’s contribution will be very far from the some 80 million euros on which Paris 2024 could count before the pandemic.

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The OCOG has set itself the goal of reaching two-thirds of the sum by the end of the year, or 730 million euros. “We’ll be there, a lot of contracts are being finalized”, confirms Paris 2024 today.

The Court of Auditors closely follows the budgetary shift of the Games

The Court of Auditors closely follows the budgetary shift of the Games, while the French Anti-Corruption Agency monitors as best it can the use of the money. At the start of the year, it ruled that the method of awarding certain contracts by the OCOG and the Solideo – to the maneuver of the Olympic yards – was not “Up to the challenges and risks involved”. His confidential reports, revealed in October by The chained Duck, cited as a counter-example two contracts awarded by the OCOG and three by the Solideo.

One dealt precisely with the accommodation of accredited persons. According to the elements consulted by The world, a first call for tenders, in July 2018, concerned a set of technical and consulting services, duplicated two months later in a new call for tenders canceling the first. In the meantime, the former financial director of the Paris bid had filed the statutes of a consulting company, Kairos Digital. One of the two new lots, from the“Strategic support”, was assigned to him.

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