I’ve been fascinated by the Olympics ever since I was a kid, but I had no idea how weird their business model is.

There’s billions of dollars flowing between the International Olympic Committee, the host cities, the local and federal governments, and the athletes.

But, 3 out of 5 athletes are broke and most cities end up bankrupt after hosting the Olympic Games. So, the question is, where does all the money actually go and does anyone make money off of the olympics?