The aim of this research was to recognize the experiences of managers, experts and athletes about the reasons for the failure of Iran in 2008 Beijing Olympics in the area of human and financial resources. The method of research was qualitative and was performed in a semi–organized style. Research statistical population contained three categories of athletes participating in Beijing Olympics (n=55), senior and intermediate managers of Physical Education Organization, National Olympic Committee and Olympic Federations (n=70), and sport experts. Sampling for every group began with the purposeful selection of the first participant and continued as snowball till a saturated level of data. So, researcher reached data saturation with 5 interviews in athlete and experts groups and 6 interviews in managers group. To analyze the data obtained from interviews, after the initial transcription, editing and encoding, open encoding and axial encoding methods were used to categorize viewpoints in identical dimensions and conceptual groups. The results showed that the major problems in the area of human resources were 'not to be of a sporting nature' and 'for managers to have multiple jobs'. Financial resources allocated were sufficient for the Olympics but the major problem in this area was inefficient management of financial resources.