• Loading stock data...
Friday, January 30, 2026

Olympics Push Forward

Tokyo Olympics Organizers to Shave $280 Million from Budget
Yukihito Taguchi-USA TODAY Sports

Tokyo Olympics organizers are moving forward with plans to hold the games despite the COVID-19 pandemic, and touting the potential unifying nature of the event as protestors in Japan push back. 

Sticker shock: According to an audit by the Japanese government, the Tokyo Games’ original price tag of $7.3 billion is now nearly $30 billion, with all but around $5 billion coming from public funding. 

IOC President Thomas Bach said on Nov. 22 that his organization will play an important role in pushing a COVID-19 vaccination globally. He previously said the IOC will encourage all athletes and spectators to get vaccinated before arriving, should a vaccine be available, but will not make it mandatory.

During his visit to Tokyo last week, however, Bach was followed by anti-Olympics activists who hit the streets with signs urging the games be canceled. On top of the ongoing pandemic and increasing costs, the 2021 Games — much like the 1964 Tokyo Olympics — have displaced residents from public housing.

Recent data suggests much of the Japanese public feels similarly:

  • A poll by TV Asahi this month found that almost 60% of respondents wanted the Tokyo Olympics to be either postponed or canceled. 
  • A Kyodo News poll found around 36% of respondents thought the games should be further postponed; 34% preferred outright cancellation.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NBC Sports Parent Earnings Slip As Subscriber Numbers Slide

The NBC Sports parent company again touts its live-rights portfolio.

Grand Slam Track Made Just $1.8M While Racking Up $40M in Debt

New filings show the most complete picture of the bankrupt league.
A surveillance photo of Ryan Wedding provided by the FBI. Wedding, a former Olympic snowboarder, was placed on the FBI's Ten Most Wanted list for running a murderous international drug trafficking operation.

Olympic Snowboarder Turned Alleged Drug Lord Surrenders to FBI

Ryan Wedding turned himself in on Thursday in Mexico.
May 17, 2023; Rochester, New York, USA; A bucket of TaylorMade balls are seen during a practice round of the PGA Championship golf tournament at Oak Hill Country Club.

TaylorMade Sues Callaway Over Rival’s Alleged ‘Mud Balls’ Claims

The two companies are among the largest golf equipment manufacturers.

Featured Today

Tim Jenkins

How One NFL Pass Turned Into a Career on YouTube

Tim Jenkins missed the NFL. He took his football IQ to YouTube.
January 17, 2026

Sports Goes All In on Non-Alcoholic Drinks Boom

Athletes, teams, and leagues are pouring money into the NA beverage category.
Tulsa Portal House
January 16, 2026

Inside the Tulsa Portal House: ‘This Will Translate to Wins’

The Golden Hurricane set up an over-the-top battle station for football recruiting.
Black Rabbit
January 10, 2026

The Netflix Star Who Makes Sure NBA Players Have Clean Towels

How a Nets staffer landed a breakout role on “Black Rabbit.”
patrick_mahomes

Less Than Super TV Viewership

CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
person_playing_cricket
December 23, 2020

Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.

More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
man_riding_stationary_bike
December 28, 2020

Connected Fitness Company Echelon Lands $65 Million Investment

The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
Sponsored

From Kobe Bryant to Tom Brady: Mike Repole’s Billion-Dollar Playbook

Mike Repole shares an inside look into building brands & working with star athletes.
woman_holding_hockey_stick
December 23, 2020

NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports

It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
antetokounmpo_dribbling_basketball
December 23, 2020

‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension

Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
December 22, 2020

Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’

“It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
December 22, 2020

Adidas Partners With Jerry Lorenzo, Fear of God Brand

Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.