The International Olympic Committee has botched it, Clyde.
The Olympics were reborn in 1896 as a celebration of human physical capacity and a mechanism to foster the brotherhood of nations. Today, they are a shameless cash-grab conducted by the scummiest individuals the nations of the world can assemble, a wretched hive of scum and villainy that makes FIFA look honest by comparison. There is nothing to be done but tear the whole edifice down and start from scratch.
Even Gianni Infantino says "Jesus, guys, have some dignity." (Pierre de Coubertin via Wikipedia)