Tokyo 2020 President deciding who will foot the bill will be a “major challenge” <\/p>\n\n\n\n\n\n\n\n
Japan.- Tokyo 2020 President Yoshir\u014d Mori has warned International Federations of the ‘extra cost’ of postponing the Olympic Games.<\/p>\n\n\n\n
According to Inside the Games, a letter was sent by Mori to the 33 Federations of Tokyo 2020 referencing the financial implications of a delay to the Games until at least the summer of 2021.<\/p>\n\n\n\n
“The extra cost that will arise from this postponement is inevitable,” Mori wrote. <\/p>\n\n\n\n
“Deciding who will bear these costs and how it will be done will be a major challenge.”<\/p>\n\n\n\n
Mori also called upon organisers of the Games to “carry out our mission to deliver the Olympic and Paralympic Games Tokyo 2020 next year, demonstrating that human beings have triumphed over the Coronavirus.”<\/p>\n\n\n\n
The global Coronavirus pandemic has caused postponements or cancellations of major sporting events, with the Olympic Games and EURO 2020 the most notable.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tokyo 2020 President deciding who will foot the bill will be a “major challenge”<\/p>\n","protected":false},"author":2,"featured_media":1977,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tokyo 2020 President Yoshir\u014d Mori has alerted International Federations to the significant financial implications and cost allocation challenges arising from the Olympic Games' postponement to 2021 due to the Coronavirus pandemic. Mori emphasized the inevitability of extra costs and the complex task of determining stakeholder liability for these expenditures, underscoring a major governance challenge.","focusai_entities":"Yoshir\u014d Mori, International Federations, Inside the Games, Tokyo 2020, EURO 2020","focusai_location":"Japan, Tokyo","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Contractual Liability Analysis","query":"What specific force majeure clauses or contractual frameworks govern the allocation of unforeseen costs among stakeholders for major international events like the Olympics?"},{"label":"Capital Allocation Impact","query":"How will the additional financial burden from the Tokyo 2020 postponement influence the capital expenditure and operational budgets of participating International Federations and host city entities?"}],"footnotes":""},"categories":[160,16338,155],"tags":[470,12506,233,12507],"class_list":["post-4990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-sports-betting-news","tag-japan","tag-olympic-games","tag-sports-betting","tag-tokyo-2020"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4990"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4990\/revisions"}],"predecessor-version":[{"id":21363,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4990\/revisions\/21363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/1977"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}