The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while others are reeling from event cancellations totaling more than 8,000 across all sports. A database analyzed by The Associated Press shows combined projected losses of more than $121 million in revenue between February and June for 43 of the 50 national governing bodies that responded to a survey from the NGB Council in the wake of the coronavirus crisis. As much or more as the U.S. Olympic and Paralympic Committee, which serves as an umbrella regulator of the country's Olympic sports, it's the NGBs that provide funding and other support for athletes to pursue their dreams at the Olympic and other elite levels. About 80% of the typical NGB's budget goes toward supporting athletes. Not including the U.S. … [Read more...] about No games, big losses: Money crisis faces US Olympic sports
Nanjing olympic sports center gymnasium
The saving grace is that not everything is about money. Most Olympic athletes make plenty of sacrifices without expectations of getting rich. For every LeBron James and Simone Biles, whose last go-round at an Olympics may have evaporated because of the postponement, there are hundreds, maybe thousands of Olympic athletes who will use it as fuel. … [Read more...] about Column: The ‘no-win’ Olympics gets another chance
“Some venues we might have to keep renting until next year,” he said. “Because at some venues it takes about a year to get them ready. We can’t take them down and then set them up again for the Olympics. That also means added costs.” … [Read more...] about Tokyo’s delayed Olympics: Who pays bills for another year?
The decision, agreed to by all the international sports organizations, resolves one of the key questions for marathoners, open-water swimmers and hundreds of other athletes whose qualifying process came early in the 2020 sports calendar, before the coronavirus started shutting down sports across the globe. … [Read more...] about Athletes who’ve qualified for 2020 Olympics are in for 2021
"As you are already aware that 2020 Olympics is postponed to 2021. We now need to plan for: Extension of Contracts for HPD (High Performance Director), coaches, support staff etc till end of 2021 as many such contracts are ending in 2020, the process needs to start as soon as possible," the IOA chief said. … [Read more...] about Coronavirus: Narinder Batra says postponed Olympic qualifiers will happen, asks NSFs to share athletes’ training plans
Other Olympics — 1916, 1940 and 1944 — have been canceled because of war, but none have ever been postponed for any reason, let alone a renegade virus that has accounted for more than 375,000 cases worldwide, with numbers growing exponentially. The Tokyo Games would still be called the 2020 Olympics, even though they will be held in 2021. … [Read more...] about On Hold: Tokyo Olympics Postponed To 2021