IOC Has Ethical Obligation to Make Rio Financially Whole

The Olympics have been estimated to leave Rio from $2-11 billion in the hole. Because this was eminently predictable when the International Olympic Committee selected Rio years ago, Ron Katz, senior counsel in Manatt's entertainment, sports and media litigation practice group, argues in Forbes.com that the IOC should make Brazil financially whole:

http://www.forbes.com/sites/rkatz/2016/08/11/ioc-should-reimburse-rio-for-its-valiant-but-financially-disastrous-efforts/#388d89ea7ac7