“…Like it has been observed in a sport sponsorship context, this caused "intangible costs [due to] an erosion of public goodwill because of the [transaction partners'] image" (Sam et al, 2005, p. 9). In this regard, it has to be taken into account that even beforehand, the IOC had been closely associated with authoritarian states, which seemingly was one reason for the failed referendum in Munich (Könecke et al, 2016). This means that the "perceived loss of autonomy for the sport organisation" (Sam et al, 2005, p. 9) and proximity to authoritarian governments was aggravated by the development of the bidding process.…”