The Tokyo Organizing Committee of the Olympic and Paralympic Games has announced that all 68 domestic sponsor companies have reached a basic agreement to extend their contracts for the Games postponed next year.
The Games Organizing Committee has signed contracts with 68 sponsor companies for activities in Japan, including companies that only support the Paralympics, and the contracts were to expire at the end of December.
According to the Organizing Committee, after it was decided to postpone the tournament to next year, as a result of requesting sponsor companies to extend the contract and additional sponsorship money, all 68 companies agreed to extend the contract for one year It means that it was done.
The additional sponsorship money to be used for the tournament expenses is expected to exceed 22 billion yen in total, including the provision of goods, and according to the people concerned, it will be about 1 billion yen for the largest number of companies.
However, some sponsor companies have pointed out that the effects of the new coronavirus have made their business performance difficult, and that it is difficult to see the benefits that were initially expected, such as a decrease in promotional opportunities.
Mr. Mori, Chairman of the Organizing Committee, said, "I think you have had a great deal of trouble, and I just can't stand my gratitude. I understand the significance of the Olympic Games, which I don't know if it will come once every 100 years, and continue to cooperate with us. I think it was. "