Modern Olympic

Modern Olympics
The United States Olympic Committee's training facilities at their headquarters in Colorado Springs, Colorado.After the initial success, the Olympics struggled. The celebrations in Paris (1900) and St. Louis (1904) were overshadowed by the World's Fair exhibitions in which they were included. The 1906 Intercalated Games (so-called because of their off-year status, as 1906 is not divisible by four) were held in Athens, as the first of an alternating series of Athens-held Olympics. Although originally the IOC recognised and supported these games, they are currently not recognised by the IOC as Olympic Games, which has given rise to the explanation that they were intended to mark the 10th anniversary of the modern Olympics. The 1906 Games again attracted a broad international field of participants—in 1904, 80% had been American—and great public interest, thereby marking the beginning of a rise in popularity and size of the Games.
From the 241 participants from 14 nations in 1896, the Games grew to nearly 11,100 competitors from 202 countries at the 2004 Summer Olympics in Athens. The number of competitors at the Winter Olympics is much smaller than at the Summer Games; at the 2006 Winter Olympics in Turin Italy, 2,633 athletes from 80 countries competed in 84 events.
The Olympics are one of the largest media events. In Sydney in 2000 there were over 16,000 broadcasters and journalists, and an estimated 3.8 billion viewers watched the games on television. The growth of the Olympics is one of the largest problems the Olympics face today. Although allowing professional athletes and attracting sponsorships from major international companies solved financial problems in the 1980s, the large number of athletes, media and spectators makes it difficult and expensive for host cities to organize the Olympics. For example the 2012 Olympics, which will be held in London, is based on an updated budget of over £9bn which is one of the biggest budgets for an Olympics to date. Even if sponsorships do lighten the load in terms of the debt that these countries make, one of the biggest problems faced is how will their economies cope with the extra financial burdens put on them.
Despite the Olympics usually being associated with one host city, most of the Olympics have had events held in other cities, especially the football and sailing events. There were two Olympics where some events were held in a different country: during the 1920 Antwerp Olympics two sailing races were held in the Netherlands; and during the 1956 Melbourne Olympics equestrian events were held in Sweden. The 2008 Beijing Olympics will mark the third time that Olympic events will have been held in the territories of two different NOC's: at the 2008 Olympics, equestrian events will be held in Hong Kong (which competes separately from mainland China.)
203 countries currently participate in the Olympics. This is a noticeably higher number than the number of countries belonging to the United Nations, which is only 193. The International Olympic Committee allows nations to compete which do not meet the strict requirements for political sovereignty that many other international organizations demand. As a result, many colonies and dependencies are permitted to host their own Olympic teams and athletes even if such competitors hold the same citizenship as another member nation. Examples of this include territories such as Puerto Rico, Bermuda, and Hong Kong, all of which compete as separate nations despite being legally a part of another country. Also, since 1980, Taiwan has competed under the name "Chinese Taipei", and under a flag specially prepared by the IOC. Prior to that year the People's Republic of China refused to participate in the Games because Taiwan had been competing under the name "Republic of China". The Republic of the Marshall Islands was recognised as a nation by the IOC on February 9, 2006, and should compete in the 2008 Summer Olympics in Beijing.
Youth Olympic GamesMain article: Youth Olympic GamesThe Youth Olympic Games (YOG) are planned to be a "junior" version of the Games, complementing the current "senior" Games, and will feature athletes between the ages of 14 and 18.The idea for such an event was envisioned in 2001 by IOC president Jacques Rogge, and at the 119th IOC session in Guatemala City in July 2007, the IOC approved the Games.
The Youth Games versions will be shorter: the summer version will last at most twelve days; the winter version will last a maximum of nine days.The IOC will allow a maximum of 3,500 athletes and 875 officials to participate at the summer games, while 970 athletes and 580 officials are expected at the winter games.Each participating country would send at least four athletes. The sports contested at these games will be the same as those scheduled for the traditional Games, but with a limited number of disciplines and events, and including some with special appeal to youth. Education and culture are also key components for this Youth edition.
Estimated cost for the game are currently $30 million for the summer and $15–$20 million for winter games. It has been stated the IOC will "foot the bill" for the Youth Games.