IOC statement from Christophe Dubi, IOC Executive Director of the Olympic Games
"This is a missed opportunity for the City of Oslo and for all the people of Norway who are known world-wide for being huge fans of winter sports. And it is mostly a missed opportunity for the outstanding Norwegian athletes who will not be able to reach new Olympic heights in their home country.
It is a missed opportunity to make the most of the 880 million dollars investment the IOC would have made to the Games that would have built a considerable legacy for the people. In addition, national sponsorship rights granted by the IOC would have delivered a considerable sum and almost certainly substantially more than the 181 million dollars estimated in the bid. The most recent editions of the Olympic Winter Games (for instance Vancouver and Sochi), which have all either broken even or made a profit, have made sponsorship revenue four times higher than that.
Earlier this year the Norwegian bid team asked for a meeting with the IOC for an explanation of all aspects of the IOC requirements, including the financial details, and the IOC arranged this for all three bid cities in order to ensure fair play amongst the three bids. Unfortunately, Oslo sent neither a senior member of the bid team nor a government official to this meeting. For this reason senior politicians in Norway appear not to have been properly briefed on the process and were left to take their decisions on the basis of half-truths and factual inaccuracies.
For a country of such means, full of so many successful athletes and so many fanatical winter sports fans it is a pity that Oslo will miss out on this great opportunity to invest in its future and show the world what it has to offer.
We will work closely with the Olympic Movement in Norway to make the Lillehammer Winter Youth Olympic Games in 2016 a success for the young athletes."