other-sportsUpdated: Dec 24, 2020, 14:51 ISTTokyo Olympic officials said Thursday they have reached a “basic agreement” with all 68 domestic sponsors to extend their contracts into next year to support the postponed Games. Japanese domestic sponsors have contributed a record of $3.3 billion to the local operating budget. Tokyo officials said the Olympics would cost about $7.5 billion when they won the bid in 2013 from the International Olympic Committee. The postponed Olympics are to open on July 23, 2021, followed by the Paralympics on Aug. 24. A telephone poll this month of 1,200 participants by Japanese news agency Kyodo showed 63% want the Olympics postponed or canceled.

Source: Hindustan Times December 24, 2020 08:06 UTC