• Loading stock data...
Tuesday, August 12, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Olympics Delay to Cost IOC $800 Million

IOC Flag
Photo Credit: Ian Walton for OIS/IOC Handout Photo via USA TODAY Sports

The price for delaying the Tokyo 2020 Olympics is becoming more clear. International Olympic Committee President Thomas Bach said he expects the organization to bear costs of up to $800 million.

Bach said $650 million would be set aside to put on the games in 2021, with another $150 million going to support International federations and National Olympic Committees, which have seen revenues dry up without action this year. If the Olympics are canceled next year, it’s been reported the “economic damage” would be $42.1 billion.

The IOC burden does not count costs incurred by Tokyo organizers or the Japanese government. The postponement has added more than $2.7 billion to the original $12.6 billion budget for the Tokyo Games.

The ramifications of the delayed games extend beyond lost revenue for athletes and national sports bodies – networks airing the events and advertisers, including those with planned product launches, stand to take a hit.

NBCUniversal was in the final year of a $4.4 billion deal with the IOC for the U.S. media rights. While Olympic broadcasters don’t make the bulk of their payments until the games air, the network will miss out on profits. NBCUniversal said it had sold more than $1.25 billion in ads around the Tokyo Games, and had planned to launch its new Peacock OTT platform around the events.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Schultz of Israel-Premier Tech

Rice Krispies Treats Are Upending the Billion-Dollar Athlete-Fuel Wars

The world’s most elite athletes are eating like first graders.
A general view as athletes compete in the women’s 10,000m final during the Paris 2024 Olympic Summer Games at Stade de France in Saint-Deanis, France, Friday, Aug. 9, 2024.

Trump Order Leads to Visa Ban for Trans Athletes in Women’s Sports

“Men do not belong in women’s sports,” a USCIS spokesperson said.
President Donald Trump speaks during the American 250 kickoff event on July 3, 2025, at the Iowa State Fairgrouds.

Trump Signs Executive Order on College Sports Pay

The order marks Trump’s first foray into legislating college sports compensation.
Yucca and Gary Rieschel are donating $10 million to be used to bolster the USOPC’s mental health program. Syndication Westchester County Journal News

USOPC Follows Trump Order Banning Trans Athletes in Women’s Sports

The change impacts governing bodies, which extend beyond Olympic competition.

Featured Today

Dec 14, 2019; Philadelphia, PA, USA; President Donald Trump wave during the second quarter of the game between the Navy Midshipmen and the Army Black Knights at Lincoln Financial Field

‘Political Gold’: Trump Putting His Stamp on College Sports 

Trump has embraced executive action on hot-button college sports issues.
August 3, 2025

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.
May 20, 2024

Top Sports Business Jobs This Week (May 2024)

Each week, our staff combs through the thousands of job listings from…
The stands at the Solheim Cup
September 13, 2024

LPGA Apologizes for Solheim Cup Fan Bus Debacle That Left Stands Half-Empty

The USA-Europe women’s team golf event teed off Friday morning.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.