The IOC and the Japanese government made the unprecedented decision last month to postpone the Games to 2021 because of the worldwide coronavirus (Covid-19) crisis.
Olympic organisers must now re-plan the Games without running up huge additional costs.
In an interview with German newspaper Welt on Sunday, IOC President Thomas Bach said his organisation faces several hundred million dollars in supplementary costs.
:”We will be exploring all opportunities to optimise and streamline the scope and service levels at the Games, and reduce the costs that have been caused by the postponement,” Coates said following the meeting with the Tokyo 2020 organising committee.
“All of the athletes’ services will remain the same but there must be other areas of hosting a Games that we can look at and decide what are the mist-haves and what are the nice-to-haves.”
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Any changes to venues, hospitality, advertising and the swathe of other aspects that make up an Olympic Games will need to be negotiated.
The Olympic Games in Tokyo were already expected to cost $12.35 billion even before the postponement.
Read the full article: Tokyo Games must focus on ‘must haves’ to cut costs in 2021: Coates
Article Credit:
Original Author: Jack Tarrant of The Sydney Morning Herald
Article Syndicated from The Sydney Morning Herald
