Named one of The Economist's Best Books of 2015, Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup from Brookings Institution Press is a must-read for anyone trying to fathom the expenses, corruption, and protests behind high-profile sporting events. Now the expanded and updated edition provides context for high-profile sporting events taking place in cities like Tokyo and Rio de Janerio; the former has been making headlines this week.

Allegations have been made that transactions potentially totalling €1.3 million, deposited on behalf of the Tokyo Olympic bid team, made their way into the bank account of Papa Massata Diack, son of the former president of the International Association of Athletics Federation (IAAF). These transactions were made, it is claimed, before it was decided that Tokyo would host the Olympic games. Unfortunately, this is not the first time that the IOC and IAAF have courted controversy - read more about the scandal here.

Circus Maximus

Andrew Zimbalist, author of Circus Maximus, has commented on recent revelations: "More evidence that Olympic bidding corruption did not disappear after Salt Lake City.  No one should be shocked that as a worldwide, unregulated monopoly, the IOC does not run a clean ship."

Watch Andrew Zimbalist discuss Circus Maximus: