Keyword: Paris 2024
French President Emmanuel Macron on Friday held a party at the Elysée Palace to celebrate the International Olympic Committee’s announcement this week that Paris will host the 2024 summer Olympic Games for the first time in 100 years. But away from the celebrations at the Elysée, attended by former presidents François Hollande and Nicolas Sarkozy and Paris mayor Anne Hidalgo, questions are raised about the financial management of the “Paris 2024” entity that led the French campaign, and the golden bonus payments that its directors are now due to pocket. Antton Rouget reports on the business behind the bid.
An agreement struck between Los Angeles and the International Olympic Committee (IOC) over 2028 has left the way open for Paris to be the host nation for the 2024 Games. While rival cities have pulled out of the race for budgetary reasons, officials behind the French bid insist they will keep to their budget of 6.6 billion euros. But as Antton Rouget reports, there are nonetheless real risks of an overspend, especially on security.
Manuel Valls said the money would be used to finance infrastucture and long-term construction which would be 'useful' to the population.
France has hosted Euro 2016 and 40 world and European championships in recent years, French president told IOC boss at the Elysée Palace.