Tokyo announce the extent of Olympic backlash as $2.8 billion is lost

Just how bad was the damage left after COVID halted the biggest sporting event of the year?

Tom Moorcroft
22nd December 2020
After cancellation this summer due to the infamous COVID-19 outbreak, recent figures have suggested the extent of damage this may have had on the Japanese economy.

The Tokyo 2020 committee announced that the total amount of money cost due to the postponement was equal to 294 billion yen, which is around $2.8 billion.

The cost is being divided up by the many committees within the Tokyo 2020 infrastructure. These include the metropolitan government, the Japanese central government and Tokyo 2020.

As it stands, the 2020 Tokyo olympics are set to take place on July 23 - August 8 2021, a rather bizarre sight to sum up an extremely bizarre year. 

Featured Image: Twitter @Olympics
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AUTHOR: Tom Moorcroft
Head of Sport for The Courier. Current 3rd year English Literature and History student. Love writing about sports/music, playing the guitar and Everton FC!

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