Foreign media explain the game behind the Olympic postponement: no one wants to be a legal and commercial loser

category:Sports
 Foreign media explain the game behind the Olympic postponement: no one wants to be a legal and commercial loser


Put this logic on the issue of the extension of the Tokyo Olympic Games, that is, the party who proposes to Cancel or postpone the Olympic Games will put itself in an awkward position of violating the host city contract and face billions of dollars in huge claims.

Among them, the IOC has a slight advantage: first, they have the right to cancel the Olympic Games on the basis of security; second, when the host city makes any claim for damages in this case, they will be protected.

However, the host city contract does not cover the extension of this situation, so the parties will again deadlock.

The good news is that the threat of withdrawal from some major NOCs will play a positive role in eliminating this impasse. After all, no one wants to see an incomplete Olympic Games.

At the commercial level, both the IOC and the Tokyo Organizing Committee stressed that the budget for the postponement of one session was up to 10.8 billion pounds (89.634 billion yuan). In addition to the huge amount of funds, they also need to coordinate with many partners including the Tokyo Metropolitan Government, the Japanese government, marketing partners for the 2020 Tokyo Olympic Games, broadcasters, suppliers and contractors.

Earlier, IOC President Bach also said in an open letter to global athletes, some key venues of the Olympic Games may no longer be available, the hotel rooms that have been booked are very difficult to handle, and the global calendar of at least 33 Olympic events needs to be adjusted.

At the same time, the issue of the Olympic Villages lease term has been put in front of us. You know, the Olympic Village will be renovated after the games and sold to the public as an apartment. Now that the pre-sale work has been completed, the delay means another economic loss.

Source: Netease sports Author: Ben Bo Er Ba editor in charge: Zhao Ruiqi Fei nb12596