Host Nations That Owned The Podium At The Olympics

AAA

The London 2012 Olympic Games are officially over, but fans all across the U.K. are still celebrating. Both the London 2012 organizing committee and Team Great Britain put on a great show. Fans worldwide were enthralled by the opening and closing ceremonies, and the athletes from Great Britain took home a total of 65 medals - including 29 gold medals. With 65 medals, Great Britain finished fourth in total medals on the medal table, and third when it comes to gold medals. There are many other nations that have performed well at the Olympics they hosted, as there is always an effort to put on the best show possible for the home crowd. Here is a look at some host nations with high medal counts at the Olympics they hosted.

Canada - Vancouver 2010

In 2004, 13 Canadian winter national sports organizations met to develop a program called "Own The Podium." The goal was to help Canadian athletes perform the best they could on the world stage. "Own The Podium" cost C$117 million to implement and C$66 million of that amount came from Canadian tax payers. In 2010, the Canadian Government doubled its funding for the program from C$11 million to C$22 million. "Own The Podium" paid off and Team Canada finished third in the overall medal standings at the 2010 Vancouver Games with 26 medals behind the U.S. and Germany. More Impressive was the fact that Team Canada won 14 gold medals, the most ever at any Winter Games.

China - Beijing 2008

The sheer amount of time and money invested by China in the 2008 Beijing Games was almost as impressive as the amount of medals Team China won. The 2008 Olympic Games were the most costly ever at around US$40 billion. However, the costs were likely worth it to see Chinese athletes perform, and win, in spectacular venues. In 2008, Chinese gold medal winners received around US$55,000 each for finishing first on the podium. The investment paid off as China took home the most gold medals overall with 51, and finished second in the overall medal count with 100 medals. The U.S. slightly edged out China by winning 110 medals total.

Australia - Sydney 2000

For a nation with a relatively small population of just over 22.5 million, Australia always performs well at the summer Olympics. This was no exception at the 2000 Sydney Games. Australia finished fourth in overall medals and gold medals with 58 and 16 respectively. Team Australia was just one medal shy of Team China in the overall medal standings, and China had a population over 65 times as large at the time. Australia has won 449 medals at all the summer games and joins Greece as only one of two countries to attend all Olympic Games in the modern era. In 2010, the Australian Government committed to investing AU$1.2 billion over a four-year period to increase sports funding.

United States - Salt Lake City 2002, Atlanta 1996, Los Angeles 1984

The U.S routinely finishes in the top spot at both the Summer and Winter Games. Today, it's almost unheard of for Team USA to finish outside the top three (the last time it happened was in 1994). It finished second overall in the 2002 Salt Lake Games with 34 medals, and first in gold medals and total medals at the 1996 Atlanta Games with 44 and 101 medals respectively. The U.S. absolutely dominated at the 1984 summer Games in Los Angeles, Calif. However, the U.S had much less stiff competition thanks to the Soviet Union boycotting the Games. Team USA won 174 medals, including 83 gold, at the 1984 Los Angeles Games.

Soviet Union - Moscow 1980

Here's another example of host nation success that is somewhat marred by lack of competition. The U.S.S.R won 195 medals, including 80 gold, at the 1980 summer Games in Moscow. However, the U.S. boycotted the games in protest of the Soviet Union's invasion of Afghanistan. While the Soviet Union is now dismantled, Russia has a chance to finish well at the 2014 Sochi Games.

Conclusion

Winning a gold medal is something Olympic athletes train a lifetime for. It's an exhilarating experience to be sure, but it's all that much sweeter when the medal is won in front of a home crowd. These nations showed that home turf can make a difference and either dominated or exceeded expectations at the Games they hosted. It's quite unlikely we'll see another host country finish first in overall medals and gold medals again until the U.S or China hosts another Summer Olympics. However, Russia could perform very well at the Sochi Games and it's certainly possible that Brazil could finish in the top ten at the Rio 2016 Games.

SEE: True Value Of An Olympic Medal

Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Related Articles
  1. Investing News

    Super Savings for Your Super Bowl Party? Bet on It

    Prices for wings, avocados and TVs are all coming down, which will make your Super Bowl 50 festivities less costly.
  2. Investing News

    Are Super Bowl Ads Worth Their High Cost?

    Are Super Bowl ads worth the investment? A look at the cost and how they're received.
  3. Mutual Funds & ETFs

    The Top 4 Entertainment ETFs for 2016 (PEJ, XLY)

    Learn more about the entertainment sector, the companies that are included and the four ETFs that provide investors with exposure to this industry.
  4. Markets

    Top Investment Banks in the Sports Industry

    Find out why the top investment banks in the sports industry tend to be smaller niche players and are prepared to battle the Wall Street giants for business.
  5. Retirement

    How Pro Athletes Can Choose the Right Advisor

    When it comes to finances, professional athletes can be vulnerable. Here's what they need to look for in a financial advisor.
  6. Investing

    How FanDuel and DraftKings Work

    DraftKings and FanDuel lead the daily fantasy sports industry, supported primarily by advertising, entry fees, media companies and sports leagues.
  7. Personal Wealth & Private Banking

    Five of the Best Yacht Clubs in Seattle

    Seattle doesn’t have a year-round sailing environment, but there are lots of opportunities for boating enthusiasts, from modestly priced to high-end clubs.
  8. Personal Wealth & Private Banking

    Four of Miami's Best Yacht Clubs

    Choices abound in Miami for boating enthusiasts, from high-end, high-priced yachting clubs to no-frill groups that still offer races, cruises and more.
  9. Investing News

    Learn from These Big CEO Blunders

    A ceo can seem to have it all: power, influence and gravitas. But it can all erode — along with a company’s share price — in the wake of a scandal.
  10. Personal Finance

    Who Is Next in the Athleisure Trend?

    Which companies are jumping on the growing athleisure wear trend and how can investors start getting in on this?
Hot Definitions
  1. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  4. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  5. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  6. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
Trading Center