COVID-19 forces postponement of 2020 Summer Olympics in Tokyo threatening over $10 Billion worth of deals
Tuesday, March 24, 2020
Following the breaking news that IOC member Dick Pound has claimed that a postponement of the Olympic Games has now been all but agreed in light of the global coronavirus (COVID-19) outbreak; Conrad Wiacek, Head of Analysis & Consulting at Sportcal, a GlobalData company, offers his view on the postponement of the Olympic Games: "Up to this point both the IOC and Japanese government have insisted the Games will go ahead as scheduled, with a view to preserving over $10bn worth of global media and sponsorship agreements, but at this stage, it looks like we are waiting for official confirmation that the Summer Olympic Games will be postponed for the first time in peacetime, due to the unprecedented nature of the global pandemic crisis. "The... Read more →