Japan’s prime minister and the head of the International Olympic Committee agreed to postpone the Tokyo 2020 Games by a year, as the world battles the coronavirus pandemic. The move would be a devastating blow for the city of Tokyo, which had won widespread praise for its organisation, with venues finished well ahead of time and tickets massively oversubscribed.
Tokyo was spending some $12.6 billion to host the Games, according to its latest budget, and experts believe a postponement could cost it some $6 billion in the short-term before recouping it when they eventually go ahead.
Source: Samaa
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