Tokyo Olympics: relief for organisers as all 68 domestic sponsors agree to new contracts to support delayed Games

//Tokyo Olympics: relief for organisers as all 68 domestic sponsors agree to new contracts to support delayed Games

Tokyo Olympics: relief for organisers as all 68 domestic sponsors agree to new contracts to support delayed Games

Tokyo Olympic officials said on Thursday they have reached a “basic agreement” with all 68 domestic sponsors to extend their contracts into next year to support the postponed Games.Yoshiro Mori, the president of the organising committee, said at an online briefing that the new contributions “will exceed” 22 billion yen (US$210 million) to patch up holes in the growing budget.Japanese domestic sponsors had already contributed a record US$3.3 billion to the local operating budget, and the new…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-24T11:00:12+00:00 December 24th, 2020|Sport|Comments Off on Tokyo Olympics: relief for organisers as all 68 domestic sponsors agree to new contracts to support delayed Games