Olympics – once in every four years, athletes and teams from around the world compete against each other – a global event in a true spirit. Ever since the first modern games in 1896, the Olympics have evolved dramatically. The sports have become competitive and it’s a pride to watch national athletes compete at a global level – something that brings people of a nation together irrespective of the differences within. However, the business end of the event has suffered adversely. The costs of hosting and the revenue produced by the spectacle has increased rapidly over the past years and this has led to controversies over the burdens that a host country has to shoulder.

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