Tokyo Olympics will likely be slashed by USD 280 million with a scaled-back, much less flashy Games, with cuts to every part from staffing to pyrotechnics.
- Last Updated: October 7, 2020, 7:08 PM IST
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The value of the coronavirus-postponed Tokyo Olympics will likely be slashed by $280 million, organisers stated Wednesday, touting a scaled-back, much less flashy Games, with cuts to every part from staffing to pyrotechnics.
But the ultimate value of the occasion — formally budgeted earlier than the pandemic at 1.three trillion yen ($12 billion) — stays unclear as a result of extra bills brought about by the postponement haven’t but been made public.
“Tokyo 2020 believes that this work will help to create a model for future global events including forthcoming Games amid the new normal in which we now live,” organisers stated in an announcement after a presentation to the International Olympic Committee Executive Board.
They stated they might put out an up to date finances, together with extra prices linked to postponement and coronavirus counter-measures, by the tip of the yr.
Plans for a lower-key occasion had been unveiled in late September, with measures together with fewer free tickets, scrapping athlete welcome ceremonies, and financial savings on banners, mascots and pyrotechnics.
The dimension of behind-the-scenes delegations on the much less opulent occasion will likely be lowered by 10 to 15 p.c, and perks additionally in the reduction of, organisers and Olympic officers have stated.
The 2020 Games had been postponed earlier this yr because the lethal new coronavirus unfold across the globe, and at the moment are set to open on July 23, 2021.
With many international locations experiencing second and even third waves of an infection, there have been doubts about whether or not the occasion will be staged, however organisers and Olympic officers insist it may be completed safely.
If held in any respect, the ultimate form of the Games stays unclear, with questions together with whether or not spectators will likely be allowed — together with international guests — but to be resolved.
Organisers have made clear that on the very least it is going to be a extra sober occasion that the often exuberant spectacle staged around the globe.
“As we’re in the Covid-19 world, are we in a world where the flashy event that we used to think of as normal before is still suitable? We’ve reached a turning point in this regard,” Tokyo 2020 CEO Toshiro Muto stated Wednesday.