Earlier quoted context omitted.
Apparently, hosting a World Cup has become a net negative to a country. The costs (significant and increasing) go to the government and the profits go to FIFA and the sponsors.
Yep, its really sad. It also applies for events like the Olympics, where infrastructure improvements are mandatory, and costs far outweigh any profit they may receive.
Take for example the proposed Olympic Games 2024 Hamburg and Kiel:
Kiel hosts the largests sailing event worldwide every year, and hosted the Handball world cup before – and, due to having the best european team in Handball, we also have often large matches.
Hamburg has also lots of other sports which are done on worldcup level. Combined, we have the infrastructure done to host more than half of the Olympics RIGHT NOW. You could host more than half of the Olympics right tomorrow, without any additional constructions.
And Kiel has also been co-host of the Olympics two previous times, each of them producing a net-profit and developing a complete new district out of the investments – the facilities built for Olympia 1972 are still in use today.
What are we going to build for Olympia 2024? Nothing new – we’ll update existing infrastructure and stadiums, improve public transport (which would have been done anyway, and is already being built today), and add some new living quarters for the contestants – which could be used as cheap student housing afterwards, as both Hamburg and Kiel are facing a crisis where not enough affordable apartments for students exist.
Reusability quota: 100%. We’d have no losses, only profits, and it’d be cheap, too.