Only months into the COVID-19 pandemic, the International Olympic Committee (IOC) announced that the Tokyo Olympic Games, primitively scheduled for July 2020, would beryllium postponed until 2021.
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For Japan, it's added an estimated $4 cardinal to the planned outgo of hosting the Games. The caller determination to prohibition spectators from events is estimated to person stripped Japan of a further $1 cardinal successful summons sales.
But this was a amended enactment than cancelling the games altogether, which would person outgo Japan up to $21 billion.
The full outgo of the upcoming Games is present estimated astatine astir $33 billion, and with the IOC contributing only $650 million, Tokyo 2020 is present the astir costly modern Olympic Games by much than $10 billion. The London 2012 Games is the adjacent astir expensive, coming successful astatine a last outgo of astir $20.4 billion, intimately followed by Rio 2016 astatine $18.7 billion.
In contrast, hosting the Sydney 2000 Olympics outgo Australia lone $6.9 billion.
The skyrocketing costs progressive for cities hosting the Olympics volition nary uncertainty beryllium an contented of interest for Brisbane, who yesterday won the close to big the 2032 Games.
For Australia successful 2021, the outgo of postponement comes down to supporting the 472 athletes representing the country.
The caller Federal Budget has enactment Australia's elite athletes connected the receiving extremity of much than $130m. This backing is being utilized to enactment Olympic competitors and guarantee that the planetary pandemic doesn't harm Australia's spot successful the sporting world.
On June 30, 2020, then-Minister for Sport Richard Colbeck announced that $50.6m from the national authorities would beryllium spent backing our athletes to guarantee that "Australia remains a world-leading sporting nation".
Athletes already performing astatine precocious levels are grateful for the support, with creator swimmer Alessandra Ho describing however the wealth has helped full-time athletes.
"(State) Minister (Mick) Murray from WA, helium was truly supportive," said Ho.
"And he, I think, gave america $4,000, which was truly bully and helped america a batch financially.
"And WAIS (Western Australian Institute of Sport), they've covered each our costs this year. Because we're really staying successful Canberra and grooming (here) afloat time… a batch of america had to springiness up our jobs to determination to Canberra. So, it's decidedly been a large help."
A spokesperson for Senator Colbeck added that the assistance of $50.6m "is implicit and supra an existing basal concern successful nonstop grants to National Sporting Organisations (NSOs) of much than $125m per annum, including $14m successful nonstop jock grants."
This is connected apical of a further $138.2m successful the national budget, $82.2m of which is "in enactment for jock show pathways and intelligence wellness and wellbeing".
But the effect of this backing being allocated straight to the NSOs is that the wealth lone reaches the wider sporting manufacture done a trickle-down effect. This starts with the Australian Institute of Sport, which past divides the funds betwixt assorted sporting bodies, arsenic outlined successful their concern guidelines.
Not each sporting clubs trust connected NSOs for funding, however. For example, the pandemic's interaction connected the acquisition assemblage meant that UTS Rowing had to chopped backmost connected grooming hours aft losing immoderate of their assemblage funding. The nine person 4 athletes competing successful Tokyo.
The postponed Games are planned to tally from July 23 until August 8 but volition support the "Tokyo 2020" branding arsenic a symbolic "beacon of anticipation to the satellite during these troubled times".
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