Tokyo 2020 Organisers Estimate Cost of Games Postponement At $1.9 Billion

  Tokyo 2020 Organisers Estimate Cost of Games Postponement At $1.9 Billion By Admin This year's postponement of the Tokyo Olympics because of the novel coronavirus cost about 200 billion yen ($1.9 billion), organisers have estimated. The International Olympic Committee and the Japanese government were forced to put off the Games for a year in March as the coronavirus spread rapidly around the world. The Games cost 1.35 trillion yen ($13 billion) before the postponement, it was reported. The organising committee will decide on a breakdown of the burden of the delay in December, after discussions between the committee, the Tokyo metropolitan government and the central government. The postponement costs include payment to staff as well as the introduction of new systems for refunding tickets but do not include measures against the spread of the coronavirus. The organisers had originally estimated that the delay would cost nearly 300 billion yen but they were able to reduce that figure by simplifying some events, the report said.