Bringing in corporate sponsors, the 1984 Olympic Games in Los Angeles were the first ever that were privately financed. As a result, for the first time since 1932 (incidentally, the last time the Games were held in Los Angeles), the Olympic Games actually made a profit. The downside to the 1984 Games, however, was the boycott by the Soviet Union and 13 other Communist nations in retaliation for the boycott by the West of the 1980 Olympic Games in Moscow. Romania was the only Warsaw Pact country to send a team to Los Angeles.  China also sent a team to Los Angeles -- the first to participate in the Olympics since 1932.