Why are Olympics going on despite public, medical warnings
Public sentiment in Japan has been generally opposed to holding the Tokyo Olympics and Paralympics, partly based on fears the coronavirus will spike as almost 100,000 people — athletes and others — enter for both events.
The Japanese medical community is largely against it. The government’s main medical adviser Dr. Shigeru Omi has said it’s “abnormal” to hold the Olympics during a pandemic. So far, only 5% of Japanese are fully vaccinated. Still, they are going ahead.
At the core is the Host City Contract that gives the IOC the sole authority to cancel. If Japan cancels, it would have to compensate the IOC. Of course, the IOC is unlikely to sue a host city. So any deal would be worked out behind the scenes.
And there are billions at stake. Japan has officially spent $15.4 billion but government audits suggest it’s twice that much. Japanese advertising giant Dentsu Inc., a key player in landing the corruption-tainted bid in 2013, has raised more than $3 billion from local sponsors.
Estimates suggest a cancellation could cost the IOC $3 billion-$4 billion in lost broadcast rights income. Broadcast income and sponsors account for 91% of the IOC income, and American network NBCUniversal provides about 40% of the IOC’s total income.
Fans from abroad have been banned already, and a decision on local fans attending Olympic venues should come as early as next week.
Photos by AP
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