• Loading stock data...
Tuesday, January 14, 2025

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

Mar 5, 2024; Houston, Texas, USA; Houston Rockets owner Tilman Fertitta smiles during the third quarter against the San Antonio Spurs at Toyota Center.

Cubs, Mavs, Rockets Owners Co-Hosting Trump Reception With Zuckerberg

Owners of three sports teams are teaming up for an inauguration party.
The United States Capitol during the certification of votes by Congress making Donald Trump president on Jan. 6, 2025.

U.S. House Passes Ban on Transgender Athletes in Women’s Sports

The bill would apply to all educational levels, from kindergarten to college.
Jul 29, 2024; Paris, France; Jagger Eaton of the United States, Yuto Horigome of Japan, and Nyjah Huston of the United States pose for a photo on the podium after the men’s street finals during the Paris 2024 Olympic Summer Games at La Concorde 3.

Olympic Medals From Paris Games Already Need to Be Replaced, IOC Says

Athletes complained about the condition of their medals before the Games ended.

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.

Featured Today

Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August

Red Bull Is on a Hot Streak in Sports. Can It Win..

The company is betting on a big future in cycling.
Ohio State Buckeyes defensive end Jack Sawyer (33) knocks the ball out of the hands of Texas Longhorns quarterback Quinn Ewers (3) and returns the fumble for a touchdown in the fourth quarter of the Cotton Bowl Classic during the College Football Playoff semifinal game at AT&T Stadium in Arlington, Texas on January, 10, 2025.
January 11, 2025

College Football Is Closer Than Ever to Perfecting the Championship Process

Despite valid criticisms, the first expanded Playoff is working.
Jan 2, 2025; New Orleans, LA, USA; Notre Dame Fighting Irish head coach Marcus Freeman (R) reacts on the sidelines in the final minute against the Georgia Bulldogs during the fourth quarter at Caesars Superdome.
January 9, 2025

Amid Realignment Mania, Notre Dame Stayed Independent. It Paid Off

How the CFP semifinal-bound Fighting Irish made their business model work.
Ohio State wide receiver Jeremiah Smith (4) celebrates a first-down catch against Oregon during the 2025 Rose Bowl in Pasadena, Calif.
January 3, 2025

The Biggest Changes to College Sports Are Coming in 2025

Sweeping developments could affect the college sports foundation this year.
patrick_mahomes

Super Bowl TV Viewership Sinks 8%

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

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
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.