Economically, Olympics and World Cup aren't all fun and games

Every time I hear another dismal report about how Greece is going to drag the whole world into an economic abyss, I ask out loud: Does anybody remember that only six years ago Athens proudly hosted the Summer Olympics?
And does anybody remember that when Athens somehow borrowed the scratch to put on those Games, the price tag ended up in the realm of $15 billion -- way above projections? And now a lot of the magnificent facilities are sitting there, rotting away as the streets run to riot.
No, Greece would surely be a financial disaster whether or not it paid through the nose for the honor to stand in the world spotlight for two weeks one summer. But as Vancouver goes about the nasty business of trying to pay off this winter's Olympics and as we approach the World Cup and South Africa sees its bill soar toward $5 billion, it's worth repeating something to the cities and countries that think they can be the apple of the world's eye just by hosting a sports spectacular. The message is there are only two words you can be guaranteed nowadays that will highlight every Olympics and every World Cup, and those are: over budget.
Likewise, expectations that the big event is going to make a huge positive impact are always the stuff of dreams. Estimates of almost a half-million international visitors to South Africa have already been substantially cut. Moreover, just as costs are invariably underestimated, benefits are always too optimistic. Hopes that the World Cup would put a quarter of the country's unemployed to work were obviously grossly inflated.
Yes, it was benevolent to award the Cup to Africa for the first time. And yes, it's only fair that South America should finally get its first Olympics when Rio hosts the 2016 Games, but, really now, in an age of global television, is it necessary to induce individual countries to pony up for these extravaganzas? As gorgeous as Capetown is, is it necessary to pay billions to show it off to the world with fleeting halftime beauty shots? Somehow I have the feeling that if tourists don't already know about the attractions of Rio from seeing those spicy Carnival photographs every Mardi Gras, billions spent to showcase the likes of gymnastics and field hockey really isn't money wisely spent.
The World Cup and the Olympics belong to us all, and so wouldn't it be more appropriate to spread them around rather than to jam them all into one spot? Why not split them up and play games and events in cities spotted about a whole continent -- Europe one time, North America next, Asia and so on. It's time to stop suckering places that can't afford it into believing they'll miraculously change their fortunes just by paying to be the world's TV studio for a couple of weeks.
Instead, the games end and everybody forgets who just incidentally paid to build all those superfluous stadiums until, like with Athens, something else expensive puts it back on the map.

Frank Deford is among the most versatile of American writers. His work has appeared in virtually every medium, including print, where he has written eloquently for Sports Illustrated since 1962. Deford is currently the magazine's Senior Contributing Writer and contributes a weekly column to SI.com. Deford can be heard as a commentator each week on Morning Edition. On television he is a regular correspondent on the HBO show Real Sports With Bryant Gumbel. He is the author of 15 books, and his latest,The Enitled, a novel about celebrity, sex and baseball, was published in 2007 to exceptional reviews. He and Red Smith are the only writers with multiple features in The Best American Sports Writing of the Century. Editor David Halberstam selected Deford's 1981 Sports Illustrated profile on Bobby Knight (The Rabbit Hunter) and his 1985 SI profile of boxer Billy Conn (The Boxer and the Blonde) for that prestigious anthology. For Deford the comparison is meaningful. "Red Smith was the finest columnist, and I mean not just sports columnist," Deford told Powell's Books in 2007. "I've always said that Red is like Vermeer, with those tiny, priceless pieces. Five hundred words, perfectly chosen, crafted. Best literary columnist, in any newspaper, that I've ever seen." Deford was elected to the National Association of Sportscasters and Sportswriters Hall of Fame. Six times at Sports Illustrated Deford was voted by his peers as U.S. Sportswriter of The Year. The American Journalism Review has likewise cited him as the nation's finest sportswriter, and twice he was voted Magazine Writer of The Year by the Washington Journalism Review. Deford has also been presented with the National Magazine Award for profiles; a Christopher Award; and journalism honor awards from the University of Missouri and Northeastern University; and he has received many honorary degrees. The Sporting News has described Deford as "the most influential sports voice among members of the print media," and the magazine GQ has called him, simply, "The world's greatest sportswriter." In broadcast, Deford has won a Cable Ace award, an Emmy and a George Foster Peabody Award for his television work. In 2005 ESPN presented a television biography of Deford's life and work, You Write Better Than You Play. Deford has spoken at well over a hundred colleges, as well as at forums, conventions and on cruise ships around the world. He served as the editor-in-chief of The National Sports Daily in its brief but celebrated existence. Deford also wrote Sports Illustrated's first Point After column, in 1986. Two of Deford's books, the novel, Everybody's All-American, and Alex: The Life Of A Child, his memoir about his daughter who died of cystic fibrosis, have been made into movies. Two of his original screenplays have also been filmed. For 16 years Deford served as national chairman of the Cystic Fibrosis Foundation, and he remains chairman emeritus. He resides in Westport, CT, with his wife, Carol. They have two grown children – a son, Christian, and a daughter, Scarlet. A native of Baltimore, Deford is a graduate of Princeton University, where he has taught American Studies.