TOKYO – Tokyo Olympic organizers and the IOC said Thursday they will cut some of the extras out of next year’s postponed games, an attempt to limit what is expected to be billions of dollars in added expenses.
International Olympic Committee member John Coates, who heads the inspection team for Tokyo, said in a teleconference that cuts were likely in areas such as hospitality and expensive “live sights” for public viewing.
“Do we need to make provisions for as much hospitality for the sponsors, the broadcasters and the national Olympic committees?” Coates asked, suggesting the coronavirus pandemic may dampen enthusiasm. "Many of the broadcasters may not have as big a presence here of advertisers because of the economic downturn."
Coates talked about the difference between “must-have” features and “nice-to-have” accessories, which may be ruled out when the Olympics open on July 23, 2021.
Coates also made it clear that Tokyo organizers and the Japanese government will be absorbing the billions in added expenses.
He said the IOC would make “several hundred million dollars” in an emergency contribution to help struggling international sports federations and national Olympic committees stay afloat. The money is not destined for the Tokyo organizers and the Japanese governments, which are preparing the games.
IOC President Thomas Bach mentioned the contribution in a Sunday interview with a German newspaper but was not specific about the recipients of the aid.
“We will not stand by and see our international federations collapse,” Coates said.