There is a number of Internet sites supplying background information on aspects of this issue. An interesting place to start is with an article published in the Sydney Morning Herald on June 5, 1999. The article is titled, Cashing up a big ticket item. It can be found at http://www.netmarket.com.au/news/9906/05/features/features8.html It is interesting in part because it suggests the level of return which SOCOG originally planned to achieve through the sale of tickets within Australia. Also of interest is the claim that `Last year the International Olympic Committee warned that SOCOG's estimates of tickets sales and sponsorship earnings were "ambitious". ' The article also suggests that in response to the IOC's warning SOCOG then significantly lowered its estimates of likely returns from ticket sales within Australia. Another interesting article was published in The Age on May 31, 1999. It was written by Matthew Moore and Michael Evans and is titled, 'Low demand threatens Olympic ticket sales targets' It outlines the various limitations and combinations that SOCOG was imposing on other nations seeking to purchase Olympic tickets. One of the expedients being employed was that tickets in high interest events could only be purchased in conjunction with tickets for less popular events. It is suggested that this has been standard practice in a number of previous Olympics. The article can be found at http://www.theage.com.au/daily/990531/news/news14.html Another article of interest was printed in a United States publication, US Today. It was published on July 10, 1999. The article is titled, 'Deficit rumors haunt Sydney' and indicates that in July, 1999, SOCOG was some $290 million behind in raising revenue. It goes on to make the point that Atlanta was in a similar position at a similar point in staging the 1996 Olympic Games and yet ultimately 'broke even'. The article also notes that since the 1976 Montreal Olympic Games, after which taxpayers were left with a major debt to pay off, Olympic organisers have been very wary of potential revenue shortfalls. The article can be found at http://survey.usatoday.com/olympics/olyglory/og15/og1504.htm The Age in its Issues 99 series has a large collection of articles dealing with different aspects of the Sydney Olympic Games organisation. This collection includes a significant number of articles treating the sale of tickets. The index to the Games articles can be found at http://www.theage.com.au/special/gamescrisis/index.html |