Bas Lansdorp, the founder and director of “Mars One”, thinks that it will be possible to fund a manned mission to Mars through a reality soap. In order to defend this Mr. Lansdorp is tireless in referring to the Olympic Games. However Mr. Lansdorp ignores the financial reality of the Olympic Games.
If you are seeking an opportunity to invest your money, the Olympic Games are a very, very bad choice. According to The Guardian the estimated costs of the 2012 Olympics were at least 11 billion pounds, and according to Wikipedia the 2012 Olympic had no net loss OR profit. The article also shows that most OGs since 1976 were break even, or had a profit of a few million USD.
Of course, we aren’t sure how reliable these figures are, but these and other data suggest that the Olympics have a very low or negative return on investment. The reason why we are sceptical in regard of the figures of the costs/profits of the Olympics is that both politicians and the IOC have interest to lie about the real costs of the Olympics.
The truth is that the IOC is able to run “profits” from the games, whilst all costs resulting of the externalities caused by the Olympics are shifted to the government. All great part of the costs of the games are hidden, indirect costs. These are often hard to estimate and easy to keep out of the books. And more importantly the IOC never takes responsibility for them.
When Mr. Lansdorp is referring to the Olympics, he takes great risks. More and more people are realising that the Olympics are, financially speaking, a huge scam, where the IOC takes all earning, whilst shifting all costs to the taxpayer. By associating himself with ruthless criminals, he gives not only the Mars movement but the general Space movement a bad name.
See also our post Mars One for a critical review of Mr. Lansdorp Mars program.