After final calculations, the revenue generated by the organizing committee for the Paris 2024 Olympic Games is 26.8 million euros higher than expenses, the organizers revealed on Wednesday.
The budget of the Paris Games Organizing Committee (Cojo) will generate a surplus of around 27 million euros and stands at 4.5 billion euros, notably due to the success of ticketing, he said. -we learned on Wednesday from the organizers of the 2024 Olympic Games.
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Above expectations
At the end of December 2024, the budget reached 4.481 billion euros compared to 4.397 billion euros at the end of 2023. In 2018, it was 3.8 billion euros, higher than the 3.2 billion entered in the application file.
After making the final calculations relating to the last high-risk year, the revenue generated by Cojo is 26.8 million euros higher than expenditure. These figures will be presented Thursday at the board meeting. If these accounts are adopted, Tony Estanguet plans to “complete his mission” as president at that time. Cojo as such will be dissolved at the end of June 2025.
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Investing in French sport
The Cojo budget is almost entirely private. It is based on money from sponsors (1.238 billion euros), the International Olympic Committee (1.228 billion EUR) and ticket sales which was higher than expected at 1.333 billion euros, or 88 million more than expected. in December 2023. More than 12 million tickets have been sold in total.
Some 40 million euros requested in the spring from the State and partner communities (city of Paris, Ile-de-France region, mainland) will not be activated.
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The distribution of the surplus of 27 million euros has not yet been decided, even if it is statutorily provided that a part goes to the French Olympic Committee (CNOSF), to the IOC as well as 60% to the development of sport French.
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