Due to the COVID-19 pandemic, the Tokyo Olympics 2020 will be postponed to 2021 and will cost Japan much more than it already needs to host the Olympics. According to data, the 2021 Tokyo Olympics are about $ 7.2 billion above budget and are already the most overrun game in absolute dollar value.
Olympic Games Frequently Overrun – Tokyo 2021 Already the Most Overrun in History
Hosting the Summer Olympics is considered the highest honor for the wealthiest countries usually fighting for the next prestigious event. However, the cost of hosting the Summer Olympics has been in the limelight in recent history as people are more aware of the potential economic consequences of hosting an event.
According to a survey of recent competitions, hosting the Olympic Games can be very expensive and usually leads to budget overruns. Prior to the 2021 Tokyo Olympics, the 1992 Barcelona Olympics should be the most over-budget game with a final bill of $ 7 billion, 266% above the original budget of $ 2.6 billion. Claimed no honor.
London 2012 is the most expensive Olympic Games in history, with a final bill of just under $ 15 billion, despite an initial budget of nearly $ 9 billion.
COVID-19 pandemic postpones games in 2020, further increasing costs and controversy
Despite the apparent danger of COVID-19, Prime Minister Shinzo Abe finally played the match in late March after both the International Olympic Committee (IOC) and the Japanese government were widely criticized for delaying the postponement of the match. Announced that it will be postponed. 2021.
The initial assessment of the delay showed that the deferral cost could be as high as $ 6 billion, but it has since been widely reported that the deferral will cost nearly $ 2 billion. The delay has also already created tensions between the Government of Japan and the IOC, and there is debate about who will submit the delay bill.
Current cost estimates, excluding postponement costs, make the Tokyo Olympics the second most expensive Olympics in history. However, the final price tag is often much more expensive than the quote, and the Tokyo Olympics are likely to be the most expensive Olympics in history when they are finally held.
One-third of the Japanese surveyed think the Olympics should be stopped altogether
COVID-19 is still devastating different parts of the world, and many in Japan are uncertain about the progress of the Olympic Games even in 2021.
According to an August survey, 33.7% of more than 1,000 respondents believe that the Tokyo Olympics should be canceled altogether, while another 36.4% believe that it should be postponed further.
75.3% of respondents believed that the reason for their desire to cancel or postpone the game would not immediately contain the pandemic. 12.7% said they wanted the Japanese government to prioritize the fight against the virus, and 5.3% pointed out that the additional costs were too high.
Andy Murray is a two-time men’s Olympic gold medal champion. Monica Puig won the gold medal for Puerto Rico’s leading women’s singles at the 2016 Rio de Janeiro Games.
– Tennis Sports
The 2021 Tokyo Olympics has already surpassed over $ 7 billion in budget games in recent history
https://www.10sballs.com/2021/01/05/2021-tokyo-olympics-already-most-over-budget-games-in-recent-history-by-over-7-billion/ The 2021 Tokyo Olympics has already surpassed over $ 7 billion in budget games in recent history