How do the Global Olympic sponsorships workįrequently Asked Questions How do the Global Olympic sponsorships work The IOC (International Olympic Committee) is thought to make over 70% of its money from broadcasting rights and over 18% from sponsorship. The Tokyo 2020 Olympics is also said to be the most sustainable Olympics as it has made many attempts to promote the recycling of waste.įor example, over 5000 medals were made of recycled mobile phones, while the podiums for the games were made from recycle plastic recovered from the oceans. The tickets for the Olympics Opening Ceremony are estimated to cost between the range of $112 and $2,808, with over 4.5 million tickets being sold to Japanese residents. While games like Baseball and softball are part of the Olympics again for the first time since 2008. Four new sports are Karate, sports climbing, surfing, and skateboarding will be making their debuts at the 2020 Tokyo Olympics. The games will consist of 339 events in 33 different sports, which will be held in 42 venues across Japan. Japan is said to have spent an estimated $26 billion to host the 2020 Summer Olympics, this includes an additional $2.7 billion that the country spent on the losses due to the postponement.Ī total of 11,500 athletes from 205 countries are expected to be competing, with the attendance of 79,000 overseas officials, journalists, and support staff for the 2020 Summer Olympics. However, because of the Covid 19 Pandemic across the world, the Tokyo 2020 Olympics was postponed to be held from 23 rd July to 8 th August 2021. This time around Tokyo, Japan was given the privilege to be the host for the XXXII Summer Olympiad in 2020. Hosting the Olympics is a big thing for every country as they receive worldwide attention from the presentation period until the sports event gets over. Since the modern Olympics from 1896, two countries are chosen to host the Summer and Winter games through bidding.
This universal sports event takes place every four years, alternating every two years with the Summer and Winter Olympic Games. With more than 200 countries participating the multisport event will bring people together with a competitive spirit. Over the years, The Olympics have allowed athletes to show off their strength and skills. The Olympic Games are known as the foremost athletic competition in the world.
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