We 'signed' Donyell Malen for Liverpool this summer with superb results
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Americans are off to an inauspicious start at the Tokyo Games. Team USA competed in five of Saturday's seven events but failed to pick up a medal. China leads all nations with four medals. Alex Morgan and the U.S. women's national team gave the home audience something to cheer about with a bounce-back 6-1 win over New Zealand. And the U.S. women's water polo team posted a dominant 25-4 victory over Japan. Meanwhile, the number of COVID-19 cases continues to rise, including 14 athlete infections.
The Tokyo Olympics are estimated to be the most expensive on record, costing $20 billion, according to The Wall Street Journal. The original forecast was around $7.4 billion. Economists argue that there are few, if any, benefits for host cities as every Olympics since 1960 has had major cost overruns. Despite billions spent on infrastructure, many venues fall out of use after the Games have ended. Dive deeper into the huge costs associated with the Olympics and how to possibly rein in spending.