As the 2020 Tokyo Olympics is postponed for one year, Japan and the International Olympic Committee (IOC) are expected to enter a full-fledged battle for the additional astronomical costs. With the worldwide spread of Corona 19, the Olympic Summit was unclear, and as the theory of acting shifted, Japan decided to share additional costs with the IOC. The IOC's answer was once negative.

The extra cost incurred for one year of delay in the Tokyo Olympics is estimated at about 7 trillion won. When Japan faced a huge cost crisis, Yoshiro Mori, chairman of the Tokyo Olympic and Paralympic Organizing Committee, took over. A former politician from a presbytery, he appeared on Yomiuri TV on March 28th and opened fire on the IOC. Chairman Mori said, "The IOC is not willing to pay as much as possible," and said, "The IOC is also responsible."

On the night of March 30, just after the opening of the Tokyo Olympics was confirmed on July 23 of next year, IOC Chairman Thomas Bach revealed his position. "One year's acting is a huge burden and unprecedented," he said. "IOC will see if the facilities such as the Olympic Stadium are in use next year, and whether the athlete village, the heart of the Olympics, can find a good solution." .

At the Olympic Games and Paralympic Games in Tokyo, the general public was scheduled to move in, but as the competition was postponed for one year, their delay in moving inevitable would inevitably cause compensation problems. Chairman Bach also emphasized that this is why players' villages should find a good solution. The IOC also acknowledged that there will be additional costs associated with delaying the Olympics. However, he was spared about the cost sharing that Chairman Mori claimed.

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This table is a budget plan reported to the IOC by the Organizing Committee of the PyeongChang Olympics at the 4th 2018 PyeongChang Winter Olympics and Paralympic Coordination Committee held in Gangneung in March 2015. If you look at this table, there is an item called 'IOC Contribution' at the top. This is the grant that the IOC gives to the venue every Olympics. The PyeongChang Organizing Committee's final grant from the IOC was $ 880 million. That's $ 54 million more than at the 2014 Sochi Olympics.

In general, IOC grants will increase with each competition. But Tokyo was not. The 2016 Rio Olympic Organizing Committee received $ 1.53 billion from the IOC. Currently, according to foreign media reports, the 2020 Tokyo Olympics funding set by the IOC is $ 1.3 billion. It's $ 230 million less than in Rio.

The amount of IOC grants is not based on any principle. Because it is money paid from IOC income, IOC tries to give as little as possible. On the contrary, the host of the Olympics is struggling to get an extra penny. As both sides push and pull continue, the structure varies depending on the bargaining power of the venue. The organizing committee of Pyeongchang, which had been sluggish with sponsorship contracts with domestic companies, has persevered with the IOC for a long time to avoid the deficit, and in the end, was able to secure more money than expected.

Japan had a completely different situation from Pyeongchang. While the PyeongChang Organizing Committee failed to achieve the targeted marketing income in February 2017, a year before the opening of the PyeongChang Olympic Games, the Tokyo Organizing Committee was filling the target amount and whistling at the time when it left the opening of the Tokyo Olympics for over three years. Because the surplus Olympics were a 'off-the-shelf', they didn't pay much attention to the amount of IOC grants.

But with Corona 19, everything has changed. As the Olympics is postponed for one year, it is expected to change from the biggest surplus in history to the worst deficit in the world in one day. This is the reason why Japan, which had fallen out of fire, demanded the IOC to share the cost.

The situation in Japan is urgent, of course, but it is unlikely that the IOC will readily accommodate Japan's demands. Because Corona 19 is an irresistible epidemic, the Olympics feel that they have no direct responsibility for acting. We also recognize that adding an additional billions of won won't help much, as the expected extra cost is about 7 trillion won. Some judge that if you pay a huge amount of money this time, it will make a bad precedent.

In the event that the IOC refuses to pay the cost, it is expected to cause self-destruction in Japan. This is because the Japanese government, the Tokyo Metropolitan Government, and the Tokyo Organizing Committee must have a heated debate over how much they will share. Even if the organizers assume that the 3,000 employees of the Tokyo Organizing Committee will pay an additional year, the compensation for delays in entering the athletes' villages and the management costs of dozens of stadiums is too large for Tokyo to stand alone. Eventually, the central government needs to reach out, but Japan's national debt ratio is 222% of GDP. The 2020 Tokyo Olympics is becoming a 'love water complex' rather than a trigger for reconstruction and revival.