Terry, we both know how the IOC works—they are a monopolist organization whose primary mandate is the expansion of their own organization and milking every last nickel of profit out of their market. Their annual gross revenues are on the order of $5–10 billion, vastly higher than the education or healthcare budgets of a substantial number of the nations belonging to the Olympic movement. Everything they do is designed to ensure smooth operation and total control over their local kingdom in each of their member nations. 'Fair' is something totally off their radar screen.
I mean, from their point of view, they own the franchise. So they get the rights to assign that franchise to whoever shells out the most and gives the best return...