Nearly Three Years After Olympics, The Rio 2016 Organizing Committee's Debt Load Has Tripled | WHAT REALLY HAPPENED


Nearly Three Years After Olympics, The Rio 2016 Organizing Committee's Debt Load Has Tripled

The fallout from the Olympic Games in Rio de Janeiro has continued years after the last games have ended. The debt incurred by the local Olympic organizing committee, Rio 2016, has now increased dramatically to more than three times its original estimate, according to a new report by Deadspin.

The debt was listed at $32 million in December 2016 and now, a little more than two years later, it has more than tripled to $113 million. The Brazilian government and the IOC have both refused to help the local organizing committee dispatch of its debts.

On top of that, the Rio organizing committee – which arguably shouldn’t even be in existence more than two years after the games have ended - is facing nearly 600 lawsuits from its failure to pay suppliers and workers. Inside the Games reported that there are 258 civil lawsuits and 325 labor lawsuits ongoing. The Rio 2016 organizing committee is still made up of seven employees, even as we are less than a year away from turning the page to 2020.

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