2020 Olympics Postponed

2020 Olympics Postponed

The Olympics are an international event in which thousands of athletes from more than 200 nations compete in 33 sports including gymnastics, aquatics, baseball, basketball, volleyball, tennis, surfing, and more. This year the event was scheduled to be hosted in Tokyo, Japan; however, due to the outbreak of COVID-19; also known as the Coronavirus; the event has been postponed to the summer of 2021. 

Japan currently has 1,866 confirmed cases. Because of not only the 11,000 athletes and their coaches, but also the millions of fans sharing thousands of surfaces, the International Olympic Committee (IOC) decided it was in the best interest of everyone involved to postpone the 2020 Summer Olympics. This is the first time that the Olympics have been moved to a later date. They have been canceled completely three times, but only due to war.  

While canceling the Olympics is hard on athletes, as they’ve worked their entire lives to get to this point, Japan’s economy, as well as Olympic sponsors, are also going to take a huge blow. International federations will have to rework one billion dollars worth of commercials scheduled for 2020. Coca-Cola, General Electronic, Panasonic are among the major brands to sponsor the Olympics. They have agreed to pay large sums of money on the expectation that the Olympics will occur this summer. They are expecting millions of people to see their products and services on signs, banners and advertisements. Meanwhile, local hotels, restaurants, and bars that project revenue from the Olympics will lose out as well as airlines. 

The 2020 Olympics are to be rescheduled for the summer of 2021.