Study: No Olympics has turned a profit

If making money were an Olympic event, no city hosting the games would win a gold medal. Or silver. Or bronze.

"There has never been an Olympic Games that has made a profit," says Robert Barney, director of the International Centre for Olympic Studies at the University of Western Ontario. Barney is also co-author of Selling the Five Rings: The International Olympic Committee and the Rise of Olympic Commercialism.

NPR report