International Olympic Committee (IOC) President Thomas Bach assured that the organization would conduct these games as per schedule, despite the threat of COVID19. Thomas’ statement is significant because his partner, Dick Pound, a day earlier had expressed fears of the game cancelled or postponed. The Tokyo Olympics are due from July 24. Two hundred cases of coronavirus occurred in Japan. Four people have died. Prime Minister Shinzo Abe issued an order to close all schools from March 2 to class 12.
Tokyo Olympics 2020
According to media reports, Japan has spent 12.6 billion dollars (about 90 thousand crores) on these games so far. The postponement or cancellation of the game will also have a severe impact on the athletes who spend their lives to be part of the Olympics and win medals.
Speaking to the news agency ‘Kyodo’, the safety of athletes is essential, IOC Chief said, “The safety of athletes is of paramount importance. For this, we are working with the World Health Organization besides the Government of Japan and China. The organization committed to ensuring that the Tokyo Olympics held as scheduled.” However, he did not give a direct reply to IOC member Dick Pound’s statement that he feared the postponement or cancellation of the game.
Two Options Before The OIC
If the coronavirus infection not controlled, what will happen to Tokyo Olympic 2020? This question has started to arise now. There are two options. First – the date of the Olympic Games should extend. Second, they should cancel. However, CNN and CNBC, as well as IOC member Dick Pound, reject both options. According to them, this would be extremely difficult to do. It will have economic and human consequences.
Why Challenging To Avoid Tokyo Olympics?
When the Olympic Games are taking place, there is no major sporting event anywhere in the world. The calendar of every sports federation, including the IOC, fixed according to the Olympic schedule. So that all the best athletes in the world can be a part of these sports. From broadcasters to sponsors, they ensure the same so that there is no conflict in the broadcast. When there is no Tokyo Olympics, all kinds of sports events held during that time, Football, basketball and baseball seasons go on.
There Is No Plan ‘B’
There is also no alternate host of the Olympic Games. Therefore, this biggest game in the world cannot organize in any other country or city in a hurry. According to Pound, the most severe impact of cancelling or postponing these sports will be for athletes. He takes his whole life to participate in these sports and win medals.
How Much Economic Loss?
According to CNBC, from 2016 till now, the IOC has raised $ 5.7 billion (Rs 40 thousand 470 crores) in revenue for the Tokyo Olympic 2020. Seventy-three per cent of this came from selling media rights. The remaining 27 per cent came from sponsors. If the games cancelled, the IOC will have to return the amount. Not only this, the IOC raises scholarships, education programs as well as funds from federations for athletes all over the world. Tokyo Olympics.
What Will Happen To Japan?
Japan hosts the Tokyo Olympic 2020. According to official figures, he has so far spent $ 12.6 billion on preparations. The total estimated expenditure is two times, which is around $ 25 billion. Worryingly, Japan’s largest aid agency Dentsu’s shares hit a seven-year low following Dick Pound’s statement on the Tokyo Olympics. Pound had discussed cancelling or extending the date for the Tokyo Olympics.