Tokyo Olympics price tag skyrockets by $3bn

27 Mars, 2020, 01:55 | Auteur: Auguste Feret
  • IOC President is “in 100-percent agreement” with Japan’s proposal to postpone Tokyo Olympics

The International Olympic Committee (IOC) is working with sports bodies to arrange a July-August window for the postponed Tokyo Olympics in 2021 and hopes to confirm the schedule within a month, Japan's Yomiuri newspaper reported on Thursday.

IOC President Thomas Bach said on Wednesday that "all options" were on the table for rescheduling, including holding the Games before the Japanese summer.

The IOC's announcement that the Games will still be known as Tokyo 2020 will allay some of the fears of partners who have put marketing funds into campaigns based on that branding but some companies are unsure of how to proceed.

With respect to the football leagues of Belarus, Burundi and Turkmenistan (all still running, apparently), Tuesday's postponement of the Olympic and Paralympic Games means the biggest sporting fixture in the 2020 diary has been rubbed out and pencilled in - like everything else - for a date "TBC".

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Earlier, the prime minister's office said via Twitter that Abe and Bach had spoken by phone and that "the two have agreed that the Tokyo Olympic Games would not be cancelled, and the games will be held by the summer of 2021".

The Games were put back to 2021 on Tuesday after the International Olympic Committee and Japanese organisers were warned by the World Health Organisation that the spread of coronavirus was accelerating across the planet.

"Now that the decisions have been made, let's take this positively, reset our mindset", he said.

A number of the IOC's TOP sponsorship contracts are set to expire at the end of 2020, including those with General Electric, Procter & Gamble and Dow, and their status had been thrown into doubt by the decision to delay the Games amid the ongoing coronavirus pandemic.

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