Finance Essay Example | Topics and Well Written Essays - 1250 words - 5

Finance - Essay Example (Annecy, n.d. Annecy Bid 2018.) Ticket sales are the highest in Pyeongchang. After that comes Munich. The difference between Munich projection and Pyeongchang projection has reached the point of $56.122 million dollars. Sponsorship includes TDP and Local Sponsorship. He highest sum of money goes for Annecy. This company is known to contribute up to $940.673 million into sponsorship. A second company in the list is Munich Company. It was estimated that the overall income of this company has reached the point of $762.340 million dollars. Consequently, if to review this company in terms of sponsorship, Annecy can be regarded as the most favorable contestants for Olympics. ( Munich, n.d. Munich Olympic Bid 2018) Third criterion to be viewed in this paper is licensing. When to review companies from the point of view of licensing, I can definitely say that the most â€Å"earning† city in the list is Annecy. This city is able to give the revenue from licensing which totals $51.15 million dollars. A second company in the list is Pyeonchang. This company earns as much as $43.6 million dollars. Consequently, a conclusion can be made that in terms of licensing and in terms of revenue potential Annecy occupies the first place in the list. On the basis of the analysis above we would conclude that Annecy is able to project the highest revenue which totaled to $2,049.750 million dollars. Therefore, we can consider Annecy as the most suitable candidate for hosting the Olympics. (Munich, n.d. Munich Olympic Bid 2018) The expenditure table indicates that the total expenditures projected by Annecy are on the higher side and the expenditures of Munich are on the lower side. The only minus is a relatively high amount of money needed to finance workforce in Annecy. Here the expenses on the work force proved to be higher as compared to the other cities. The expenses incurred by Annecy are higher than then of Munich what