Tokyo Olympics: All 68 domestic sponsors agree to new contracts
4 years ago

Tokyo Olympics: All 68 domestic sponsors agree to new contracts

The Hindu  

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. The Japanese newspaper Nikkei reported earlier this month — citing sources close to the matter — that the top 15 so-called “Gold Partners” would contribute an added 1 billion yen each. Tokyo Olympic organizers announced earlier this week that their new budget, swollen by the postponement and the cost of holding the Olympics during a pandemic, had increased by $2.8 billion, pushing the official cost to $15.4 billion. Tokyo officials said the Olympics would cost about $7.5 billion when they won the bid in 2013 from the International Olympic Committee.

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