Postponing the Games represents a big challenge: IOC
and family."It would also have destroyed the work and the enthusiasm of our great Japanese hosts, with Tokyo being the best-prepared city for the Games ever."On the financial impact of postponing the Games by a year?"The postponement was made in order to protect the health of all people involved in the staging of the Games, in particular the athletes, and to support the containment of the virus. It will now be the work of the IOC to assess all the challenges induced by the postponement of the Games, including the financial impact."The Japanese government has reiterated that it stands ready to fulfil its responsibility for hosting successful Games. At the same time, the IOC has stressed its full commitment to successful Olympic Games Tokyo 2020."The postponement was not determined by financial interests, because thanks to its risk management policies including insurance, the IOC will in any case be able to continue its operations and accomplish its mission to organise the Olympic Games."
--IANS dm/aak/