Tokyo Games’ Organizer, Sponsors Agree to Contract Extension
16:11 JST, December 25, 2020
The Tokyo Organizing Committee of the Olympic and Paralympic Games announced Thursday that it had reached a deal with all 68 domestic sponsors to extend their contracts for a year through the end of 2021.
The corporate sponsors have plans to make additional contributions of about ¥22 billion, which is set to be incorporated into the organizing committee’s revenue.
Since the decision to postpone the Tokyo Games to summer 2021 was made in March, executive members of the organizing committee, including President Yoshiro Mori, visited each of these companies to request an extension of their sponsorship contracts.
“We’ve received word [from the companies] that they’d like to support us as much as possible to ensure that the Games can be held,” Mori said at a press conference on Thursday. “We can’t thank them enough for their support.”
Despite the possibility that the novel coronavirus could cause a deterioration in business performance, Mori said, “I believe that they will continue to cooperate with us as they recognize the significance in the Games being held.”
"Sports" POPULAR ARTICLE
-
54-59: Shohei Ohtani Likely to Nab Home Run, RBI Titles; Narrowly Loses Batting Crown to Arraez
-
Yu Darvish Limits the Dodgers’ Powerful Offense to One Run and Three Hits over Seven Innings; Interrupt Padres’ 10-2 Win That Evens NLDS
-
Shohei Ohtani and the MLB Playoffs, a Pairing the World Will Experience for the 1st Time
-
China Turns to Japanese Coaches to Develop Next Generation of Soccer Players
-
Sekiwake Onosato Clinches Autumn Grand Sumo Title with Day to Spare
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!