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The Duel: Are the Olympics worth the money?

The Olympics in Rio are expected to cost £8bn, a modest amount compared with London (£18bn) and Beijing ($44bn). However the price tag for hosting the Olympics and the often poor returns are discouraging cities from making bids.

Vicky Pryce and Andrew Zimbalist

Are the Olympics worth the money?

yesduel Why should the most-watched global event ever end? It began in 776 BC, as a unifying sporting and religious event offering a temporary truce between Greek city states. Ever since its relaunch in 1896 in Athens, it has been moving from city to city every four years almost uninterrupted.

But there are negatives. Doping and political propaganda have tainted the Olympic spirit. There have been major…

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