Why is the Tokyo Olympics 2020?

In fact, as early as March 2020, when the International Olympic Committee announced the postponement of the Tokyo Olympics, it decided that the name of the postponed Olympics would still remain the "2020 Tokyo Olympics and Paralympics".

What is the reason for the 2020 Tokyo Olympics?

There are two main reasons: to save money; to maintain tradition.

1. Save money

Now the Olympic Games are basically a loss-making business. Many countries have not recovered the cost of hosting the Olympic Games. What’s more, due to the epidemic, most of the Olympic Games The games are all played without spectators, and there is less ticket revenue as a major factor.

It is reported that in order to prepare for the Olympic Games this time, Japan's budget has reached as high as 12.6 billion US dollars, but the actual expenditure may be doubled. At present, the construction of Tokyo Olympic venues, Olympic consumption venues, and a large number of related banners, billboards, flags, logos, etc. are all named after the 2020 Tokyo Olympics. Once the official changes the name and LOGO of the Olympic Games, it will mean a large amount of materials. If it needs to be modified or even remade, there is no doubt that it will "influence the whole body" and will have a great impact on the production of peripheral products and all aspects of infrastructure for the Olympic Games.

Moreover, 18% of the revenue from the Tokyo Olympics comes from sponsors, and retaining the 2020 Tokyo Olympics is also to avoid contract disputes. "Tokyo 2020" has applied for patents and franchise rights, and the words "Tokyo 2020" on the sponsorship contract also appear as a whole. Therefore, if 2020 is changed to 2021, it will involve more than just replacing a 0 with a 0. 1, but means countless contracts that need to be revised and re-signed. There are huge costs and unpredictability lurking in this. The postponement of the Olympic Games has left all parties concerned. There are already a large number of contract terms that need to be revised. Of course, the trouble can be saved.

2. Maintain tradition

Since the first Olympic Games was held in 1896, it has been held every four years. In the history of the Olympic Games, there are only 1916 Berlin Olympics and 1940 Olympic Games. The Tokyo Olympics in 2004 and the London Olympics in 1944 were suspended due to war reasons. There has never been a precedent for the postponement of the Olympic Games before. The Tokyo Olympics are the only Olympic Games held in odd years in 125 years. However, in order to maintain the formation and not break tradition, retaining the term "2020 Olympics" is the right decision. The Tokyo Olympics, originally scheduled to be held from July 24 to August 9, 2020 local time, has been postponed due to the international epidemic, which is the first time in history.