Why the Pope saved the Olympics

It was 1908 when, in the wake of a serious economic crisis, Rome renounced hosting the Olympic Games which were eventually celebrated in London, England. In the same year Pierre de Coubertin, the founder of the modern Olympics, sought help from the Vatican to support the Games, and Pope St. Pius X in person offered him his support. ...

"St. Pius X ... was aware of the educational potential of sport". He saw it as a way "to approach young people, and to bring them together while following certain rules and showing respect for adversaries. I believe", the author explained, "that he understood that it was possible to bring people together simply, without any problems of race, religion or differing political ideas".

Dawn Eden has more 

Here's the source.