Tokyo Olympics 2020 likely getting Rescheduled for summer of 2021
After the Tokyo Games were officially postponed last week due to the coronavirus pandemic, the International Olympic Committee announced the event would be rescheduled to a date “beyond 2020 but no later than summer 2021.”
Now, Olympics organizers appear to be leaning away from starting the rescheduled games next spring and more toward waiting until the summer of 2021. Organizing committee president Yoshiro Mori suggested there would be no major changes.
“The games are meant to be in summer, so we should be thinking of a time between June and September,” Mori said Saturday, according to Kyodo, a Japanese news agency.
Mori suggested decisions regarding the Tokyo Olympics, which were supposed to open July 24, could be made as early as this week when the organizing committee’s executive board meets. Local organizers, the IOC, sponsors, sports federations and broadcasters will all have a say in the final decision.
Athletes have been left in limbo by the postponement. Many have been forced to stop training because of the spreading coronavirus. Even those who can train have no idea about how to schedule training to reach peak fitness at the right time.
The cost of rescheduling is expected to be “enormous,” somewhere between $2 billion and $3 billion, according to Yoshiro Mori and organizing committee CEO Toshiro Muto. Several levels of Japanese government are likely to foot most of the bills. One estimate has Tokyo losing $5.7 billion as a result of postponement.
According to Tokyo organizers, they are spending $12.6 billion to stage the games. But a government audit report says it will cost at least twice that much. All but $5.6 billion is public money. Local organizing committee documents say the IOC has contributed $1.3 billion to the 2020 Olympics.
There’s also a reserve fund of roughly $2 billion for emergencies, including insurance coverage. Aside from when the Olympics were canceled in 1916, 1940 and 1944 because of World War I and II, respectively, this is the first time the Olympics have ever been “suspended.”