Olympic Games: Paris 2024 announces 76 million euros surplus

In mid-December, the Organising Committee for the Olympic and Paralympic Games announced "at least 26.8 million euros in surplus" . "At least" . "In the meantime, we have completed the closing work" , presents Fabrice Lacroix, executive administrative and financial director of Paris 2024. Tony Estanguet , president of the Organising Committee for the Paris 2024 Olympic and Paralympic Games, reveals that, on June 17, at the Board of Directors meeting which will seal the official end of the Board of Directors before handing over to the liquidator (the BTSG firm) will be announced "76 million euros in surplus". With the final figures for the organisation of the Paris 2024 Games: 4.494 billion euros in revenue and 4.418 billion euros in expenditure.

"76 million euros in bonuses is excellent news. The figure is not final, definitive, we will have the final copy in a few months. It is money that goes to sport. It is a legacy for sport. A very important legacy in a budgetary context that we know is very difficult. 20% will be directly transferred to the Cnosf, 60% to the Paris 2024 endowment fund managed by the founding members (the Cnosf, the Cpsf, the State, the city of Paris, the Île-de-France region, the Departmental Council) who will be able to finance projects in French sport. And finally 20% going to the IOC, with perhaps the possibility that part, or even all, could be used for the 2030 Games in France," explains Tony Estanguet.

Fabrice Lacroix clarified regarding the surplus donated: "These can only be legacy projects and not to finance current operating expenses or cover deficits. The idea is to leave a trace and return the success of the Games to the world of sport and the sports movement."

As we take stock, Tony Estanguet takes the time to recall: "We have always been driven by the dual objective of successfully hosting great Games, exceptional Games, and achieving balance." And legacy. "The endowment fund has decided to support projects with three main objectives: celebrating the Paris 2024 Games, supporting the development of projects initiated by Paris 2024 (Paralympic Day, swimming skills, etc.), and supporting the athletes who are key players in the Games. The financing of the cauldron (for the next three years), which will return to the Paris skyline from June 21, is part of the primary challenge of celebrating the Games in the coming years."

Having kept a low profile since the end of the Games, Tony Estanguet, who has been in Los Angeles for the past few days as part of his mission as a member of the Coordination Commission for the 2028 Games, says: "I've taken a step back from everything we've experienced in recent years to digest it all. The goal is to get back to work from the start of the school year, and I'm starting to think. I've had a big break, which is very nice, even though I'm very busy between my activities at the IOC and various requests here and there. I'm not short of things to do, but I have time to think about what's next..."

While waiting to think about what comes next, Fabrice Lacroix says: "There are about fifteen employees left in the Paris 2024 offices, twelve or ten by mid-June, about ten on June 30 when we physically close the offices. I will stay a few more weeks to answer questions from the Court (of Auditors), but the offices will be closed, and it is the liquidator who will realize the last assets, settle the last liabilities, things to be paid, any ongoing disputes, there are extremely few, but it could last a little while..."