- Olympics & Paralympics
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
Sumo: Former Ozeki Tochinoshin Retires with Ceremonial Snip of His Top-knot
Kotonowaka Takes on First Duty as Ozeki in Setsubun Ceremony; Event Took Place at Tsubaki Shrine in Mie Prefecture
Criminal Complaints Filed by Japan Soccer Player Junya Ito, 2 Women
Terunofuji Captures 9th Title With Win in New Year Tourney Playoff
Japan’s Rei Sakamoto Wins Australian Open Junior Boys’ Final
JN ACCESS RANKING
- Japan Eyes 45 B. Yen in Aid for Optical Semiconductors
- Business, Labor Leaders Reaffirm Vow to Raise Wages in Shunto Talks
- Japan’s Job Availability Ratio Rises for 2nd Straight Year
- Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
- North Korean Workers in China Riot over Unpaid Wages; 2,000 Occupy Factory, Kill Plant Manager