Once highly desired for prestige and economic benefits, hosting major sports events is now met with caution in western economies due to escalating costs and risks. Conversely, emerging economies view these events as valuable tools for economic growth and global recognition, despite similar financial burdens. 

This book chapter explores these dynamics, highlighting cost overruns, as seen in Tokyo 2020 and Sochi 2014, and the strategic interest from emerging nations, underscoring the complex, often cautionary, considerations facing potential host nations.

Key insights

• Understand the true risks of hosting major sports events.
• Comprehend the need for larger budgets and additional cost contingencies that are realistic.
• Consider reducing the long multiyear delivery cycle of major sports events to minimise risks.
• Utilise semi-permanent host locations to re-use infrastructure facilities.