Tokyo 2020 force IOC to remove a claim that the Japanese Prime Minster will bear the costs of delaying the Olympics until 2021

To optimise for archiving, the original image and related documents associated with this article have been removed.

The Tokyo 2020 organisers and the Japanese government have demanded that the International Olympic Committee remove a claim from their website in which they claimed the Japanese Prime Minister agreed to pay the extra costs from delaying the games.

The quote on the IOC website said that the Prime Minister, Shinzo Abe, had “agreed that Japan will continue to cover the costs it would have done under the terms of the existing agreement for 2020, and the IOC will continue to be responsible for its share of the costs.” Chief Cabinet Secretary, Yoshihide Suga, said there “is no such agreement related to additional cost stemming from the postponement.”

It is yet to be announced who will bear the extra costs from the games being postponed for a year due to coronavirus or how much these extra costs will amount to but it has been estimated that they could be anywhere between $2 billion and $6 billion. When host cities are awarded the games, it is agreed that the country and Olympic Committee will bear the majority of costs, but this delay is unprecedented and has caused economic difficulties in Japan.

John Coates, who is a member of the IOC, has said that the postponement will cost the IOC “several hundred millions of dollars” and said that the IOC’s first priority would be financially supporting struggling national committees rather than supporting the Tokyo games. 

The claim has been removed from the IOC website, but the IOC are yet to comment on the issue.

You may also like

View All

Retried American golfer Jack Nicklaus wins $50 million defamation lawsuit after LIV Golf misrepresentation claims

85-year-old former American professional golfer and golf course designer Jack Nicklaus has been awarded $50 million in a defamation lawsuit against Nicklaus Companies, owned by billionaire banker Howard Milstein, after Milstein and other Nicklaus Companies officials reportedly suggested that Nicklaus had considered becoming the face of the LIV Golf League, which is financed by Saudi Arabia, in a $750 million deal

Read More

Job Opportunity | Investigator - Sport Integrity

Sport Resolutions has an exciting opportunity for an individual to join its passionate, diverse and experienced case management team as an Investigator. The successful applicant will work primarily on Sport Integrity matters but may also assist with the development of the National Safeguarding Panel (NSP) and our wider safeguarding work. The Investigator will play a vital role in ensuring that disputes are managed fairly, efficiently and cost-effectively

Read More

Transgender fencer sues USA Fencing and USOPC over ban following Trump executive order

Transgender fencer, Dina Yukich, is suing USA Fencing, the U.S. Olympic and Paralympic Committee and Premier Fencing Club due to their compliance with U.S. president Donald Trump’s executive order “Keeping Men Out of Women’s Sports” which was signed in February

Read More