Gulf stocks rebound after recent losses    Gold gleams despite rate hike expectations    European chemical industry braces for significant change    Expired US license impacts Venezuela crude exports    Taiwan's TSMC profit ups in Q1    Egypt looks forward to mobilising sustainable finance for Africa's public health: Finance Minister    City Farm sets sights on Kenyan market for African expansion    Bold Routes launches its first regional office in Dubai    Egypt, Bahrain vow joint action to end Gaza crisis    Egypt's Ministry of Health initiates 90 free medical convoys    Egypt, Serbia leaders vow to bolster ties, discuss Mideast, Ukraine crises    Singapore leads $5b initiative for Asian climate projects    Karim Gabr inaugurates 7th International Conference of BUE's Faculty of Media    Israeli crimes in Gaza: Forced evacuations, human rights violations in Beit Hanoun, Jabalia    EU pledges €3.5b for oceans, environment    Egypt gears up for launch of massive '500500' oncology hospital    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    Eid in Egypt: A Journey through Time and Tradition    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Tourism Minister inspects Grand Egyptian Museum, Giza Pyramids    Egypt's healthcare sector burgeoning with opportunities for investors – minister    Egypt starts construction of groundwater drinking water stations in South Sudan    Russians in Egypt vote in Presidential Election    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Egypt's powerhouse 'The Tank' Hamed Khallaf secures back-to-back gold at World Cup Weightlifting Championship"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    Egypt builds 8 groundwater stations in S. Sudan    BYD، Brazil's Sigma Lithium JV likely    WFP delivers 1st Jordan aid convoy through Israeli crossing    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tokyo Olympic head shoots down comments about delaying games
Published in Ahram Online on 11 - 03 - 2020

The president of the Tokyo Olympic organizing committee said Wednesday he has received an apology from an executive board member who said the 2020 Games should be delayed a year to two because of the coronavirus.
Yoshiro Mori called a quick news conference at committee headquarters to shoot down the comments.
''There is no plan now to change our plans,'' Mori said, speaking in Japanese.
He was referring to comments form Haruyuki Takahashi reported in the Wall Street Journal.
''I have spoken to Mr. Takahashi and he has apologized,'' Mori said. ''He certainly said an outlandish thing.''
Mori said Takahashi was speaking for himself. Takahashi is not involved in the the day-to-day running of the organizing committee, which is directed by Mori and CEO Toshiro Muto.
The Tokyo Olympics are being threatened by the spreading coronavirus. Organizers and the International Olympic Committee have repeatedly said the games will open on July 24 as planned, with the Paralympics opening on Aug. 25.
Any option other than opening on schedule - if the virus allows that - is fraught with problems.
The IOC's contract with Tokyo gives it almost total control over cancellation without a penalty for breaking contract terms. It has a reserve fund of about $2 billion to tide it over until the next Olympics, and also carries cancellation insurance.
Delaying a year or two, as Takahashi suggested, would see the Olympics clash with events already set on the crowded world sports calendar. That would include the 2022 Winter Olympics in Beijing, and soccer's World Cup in Qatar the same year.
It also raises questions about more than 3,000 apartments being built for the Athletes Village. Those units are to be sold off by realtors after the 2020 Olympics and should go for high-end prices.
The village is to house 11,000 Olympic athletes and 4,400 Paralympic athletes and would not likely be available.
Any delay would also affect broadcasters like U.S. network NBC, which is paying more than $1 billion for the rights to the Tokyo Olympics. The same is true for sponsors. Broadcasting rights and sponsorship account for 91% of the IOC income.
Senior IOC member Dick Pound said last month in an interview with The Associated Press that the Olympic body had until about the end of May to decide on going ahead - or something else. He said a cancellation might be the most likely option.
Pound, a former IOC vice president and the founding president of the World Anti-Doping Agency, said he was speaking for himself. He has been an IOC member since 1978.
The modern Olympics began in 1896 and have been canceled only in wartime.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)


Clic here to read the story from its source.