The first Games held under the auspices of the IOC was hosted in the Panathenaic stadium in Athens in 1896. These Games brought together 14 nations and 241 athletes who competed in 43 events. Zappas and his cousin Konstantinos Zappas had left the Greek government a trust to fund future Olympic Games. This trust was used to help finance the 1896 Games. George Averoff contributed generously for the refurbishment of the stadium in preparation for the Games. The Greek government also provided funding, which was expected to be recouped through the sale of tickets to the Games and from the sale of the first Olympic commemorative stamp set.
The Greek officials and public were enthusiastic about the experience of hosting these Games. This feeling was shared by many of the athletes, who even demanded that Athens be the host of the Olympic Games on a permanent basis. The IOC did not approve this request. The committee planned that the modern Olympics would rotate internationally. They consequently decided to hold the second Games in Paris.
Information sourced from Wikipedia.
