The Rio Olympics debts have spiralled out to more than $159 million, almost three years since the Olympic flame was extinguished at the Maracana Stadium.
In yet another body blow warning for any global city considering bidding to host the worlds most prestigious sporting event, a report from Brazil claims the Rio Organising Committees debts have grown by 300 per cent from the initial debt forecasts immediately after the 2016 Games.
A Jornal Noroeste report claims the Games total debts have tripled to more than $US113 million just two years after the committee estimated outstanding debts of $US32 million.
The Games still has outstanding debts with a number of construction companies responsible for some of the temporary stadia and facilitie…
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