Paul Francis, head of investment consulting at Alexander Forbes Consultants & Actuaries, explains why investors should focus their attention on the next host nation now
The London 2012 Olympic and Paralympic Games are destined to be the biggest sporting celebration this country has ever seen. Of course, simply reaching the games in the first place was a massive achievement in itself - I'm thinking here about the competitors, not the spectators travelling to the events via public transport! But what are the investment implications? When London won the bid to host the 2012 games, residents said that they would be willing to pay £220 per household to be the host city. While the burden is now thought to be more than five times as great, this huge spend, ...
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