Is Tokyo Olympics will be on-time ? . Whether there will be a postponement or called off Due to stronger Corona out break . Japan reactions about Olympics financial problems .
The world biggest event and the the most fascinating event is just at the erge of postponement or called off due to massive strikes of Corona virus all over the globe .
The event for which every athelete prepares it self for many decades such that to win a gold for his native town .As whole world economy is scrumbling and there are higher risks for players health and life . The US atheletics governing body calls for the Tokyo Olympics to be postponed ,urging United States Olympic chiefs to push for the games to be delayed due to the Coronavirus Pandemic .
In a letter to US Olympic and Paralympic Committee (USOPC), US Track and Field chief Max Siegel said forging ahead with Olympic preparations "would not be in the best interest of our atheletes." On the other hand US swimming association is also reluctant to play Olympics without any significant preparations . News also comes from the carraibian Giant Usain Bolt's also shows its concerns about Corona and express his views about Tokyo Olympics delayed to 2021 .
As we know Olympics is a mega project and it needs a lot of funds to organise and organising countries have to pay millions of dollars just for sake of infrastructure development . A few years back a report was published and according to that report no country is willing to host except few wealthy ones due to large expenditure and imbigous income .
If we don't go far back ,just look at the case of Rio De Janeiro Brazil Olympics they have to pay millions of dollars for infrastructure which can't be used after Olympics . And for a country like Brazil which is not an established country rather than other developed countries .
Now in case if Tokyo Japan may be able to overcome loses but delaying in this mega event will cause problems to investors who invested their life saving in this projects . All TV rights must collapse with Cricket, FIFA and UEFA events and it may cause less attraction for Olympics and this may be very harmful for games who are seeking financial support to perpetuate this legacy .
But unfortunately Olympics is gradually losing its importance due to huge budget and less income and this COVID -19 has a huge impact on global socioeconomic policies . According to experts Olympics 2025-26 may get less bidders, TV rights,Few investors and less audience because whole world is under great burden of depts and loans . Everyone in the whole world a Billionaire to a Beggar will be running for survival for next 5 to 10 years .
All whole world economic dynamics should shift to a new route whether it may be turning point or devastating end .
Just leave these questions on the erge of mighty Indus ,Amazon, Nile or Ganga .Because time is a great teacher and it will drive our while universe towards a new home town . Hopefully thinking for better world.
In a letter to US Olympic and Paralympic Committee (USOPC), US Track and Field chief Max Siegel said forging ahead with Olympic preparations "would not be in the best interest of our atheletes." On the other hand US swimming association is also reluctant to play Olympics without any significant preparations . News also comes from the carraibian Giant Usain Bolt's also shows its concerns about Corona and express his views about Tokyo Olympics delayed to 2021 .
If we don't go far back ,just look at the case of Rio De Janeiro Brazil Olympics they have to pay millions of dollars for infrastructure which can't be used after Olympics . And for a country like Brazil which is not an established country rather than other developed countries .
Now in case if Tokyo Japan may be able to overcome loses but delaying in this mega event will cause problems to investors who invested their life saving in this projects . All TV rights must collapse with Cricket, FIFA and UEFA events and it may cause less attraction for Olympics and this may be very harmful for games who are seeking financial support to perpetuate this legacy .
But unfortunately Olympics is gradually losing its importance due to huge budget and less income and this COVID -19 has a huge impact on global socioeconomic policies . According to experts Olympics 2025-26 may get less bidders, TV rights,Few investors and less audience because whole world is under great burden of depts and loans . Everyone in the whole world a Billionaire to a Beggar will be running for survival for next 5 to 10 years .
All whole world economic dynamics should shift to a new route whether it may be turning point or devastating end .
Just leave these questions on the erge of mighty Indus ,Amazon, Nile or Ganga .Because time is a great teacher and it will drive our while universe towards a new home town . Hopefully thinking for better world.
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