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Postponing Olympics for one year can cost $5.8 billion

Christian Fernsby ▼ | March 24, 2020
Postponing the 2020 Summer Olympics in Tokyo to next year due to the threat of the coronavirus pandemic will cause international financial losses of about $5.8 billion, Kyodo agency reported referring to the forecast of professor of economics at Osaka University Katsuhiro Miyamoto.
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Topics: Olympic According to the forecast, in this case another fundraiser would need to be held for athletes training and maintenance of sports facilities. In addition, the additional qualifying competitions will also require large financial investments.