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The Olympic games to be held in 2002 are to cost each UK citizen, 150
pounds. Can this burden be lowered?
It is interesting to note that the planners of the very first Olympiad of
the modern era faced the same predicament. If not for the philanthropy of
a businessman by the name of George Averoff, who came up with 920,000 drachmas
for the needed 3,740,000 drs., the games would not have materialised.
A century later, Billy Payne the entrepreneur spear headed to stage the US
Olympics with no funds from the tax payers - local or federal.
In the above instances the failure of contemporary governments is
patent. The genius of the private citizen prevailed.
There is much to learn from history.