Connect with us

Governing Bodies

TOKYO 2020 POSTPONEMENT SHOOTS UP GAMES’ COSTS

blank

Published

on

The decision to delay the Tokyo 2020 Olympics until next year means taxpayers and sponsors likely will have to fork over billions of dollars more just as the global economy caves in during the coronavirus pandemic.

Japanese Prime Minister Shinzo Abe and International Olympic Committee Chairman Thomas Bach agreed on an unprecedented postponement of the event for about a year as the world grapples with the coronavirus infection.

It is the first time the games have been delayed since they began in the 19th century.

Now Abe’s administration, along with organisers and the Tokyo local government, have to start figuring out the costs associated with that decision – and who’s going to pay them.

“When you have to change your plans in projects like this, it’s like turning a supertanker around, and it’s really expensive,” said Bent Flyvbjerg, a professor at the University of Oxford’s Said Business School who wrote a study of Olympic cost overruns.

Advertisement

“The only thing you can do at this stage is keep paying the bills.”

Japan’s organising committee said in December the event would cost 1.35 trillion yen (S$17 billion), the bulk of which would be covered by themselves and the Tokyo Metropolitan Government.

The Nikkei newspaper, citing the group, said Wednesday the delay would trigger about 300 billion yen in additional costs.

A professor at Kansai University, Katsuhiro Miyamoto, recently published an estimate of 422 billion yen in extra costs for a one-year postponement, with another 218 billion-yen hit to the economy on top of that, excluding any effects from the pandemic.

Japan’s organising committee will be seeking more cash from sponsors and the government, with individual sports associations likely to face financial difficulties, the body’s president, Yasuhiro Yamashita, said Wednesday.

Advertisement

The amount of funding needed is not known yet, he said.

Much of the extra costs likely will accrue from having to retain staff, who otherwise would have been let go once the games ended, Flyvbjerg said. Mitigating these outlays by putting workers on other projects likely will be hard, given the current global economic stagnation.

“The world is not the same as it used to be, so who needs more people right now?” Flyvbjerg said.

Olympic Facilities Maintaining venues that suddenly will be empty during the July-September schedule for the Olympics and Paralympics also will be a burden. Miyamoto estimated that extra care for the 45 venues will cost about 22 billion yen.

Some Olympic facilities already are booked for other events next summer, potentially forcing organizers to pay for alternatives. And sports federations may need to hold extra competitions to select representatives for the 2021 games.

Advertisement

Not least of the concerns is the fate of the athletes’ village, where many apartments already were sold to people expecting to occupy them in 2023.

The Covid-19 outbreak also introduces a huge element of doubt in planning for next year. Abe bills the event as one to mark humanity’s victory over the virus, yet no one knows whether the pandemic will be under control by then.

With Tokyo Governor Yuriko Koike calling on the capital’s residents to stay at home this weekend in a bid to slow infections, further delays cannot be ruled out, nor can the eventual abandonment of the effort.

Flyvbjerg’s research shows that Olympic costs always outstrip estimates, with the most extreme example being Montreal in 1976, which had a 760 per cent overrun.

“If it happened, God forbid, that the games got cancelled altogether, it would be a huge waste of money,” he said.

Advertisement

– BLOOMBERG

Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

Continue Reading
Advertisement

Governing Bodies

CAF President Dr Motsepe Announces Five Vice Presidents

blank

Published

on

blank

The president of the Confédération of African Football, Dr. Patrice Motsepe, has announced five new CAF Vice Presidents. They are:

  • CAF First Vice President: Mr Fouzi Lekjaa (Morocco)  
  • CAF Second Vice President: Mr Kurt Okraku (Ghana)
  • CAF Third Vice President: Mr Pierre-Alain Mounguengui (Gabon)
  • CAF Fourth Vice President: Ms Bestine Kazadi Ditabala (Democratic Republic of Congo)
  • CAF Fifth Vice President: Mr Feizal Sidat (Mozambique)

In addition, the CAF President has co-opted Yacine Idriss Diallo, President of Fédération Ivoirienne de football, into the CAF Executive Committee.

The CAF Executive Committee also approved the names to fill vacant positions on several CAF Committees.

Organising Committee for the African Nations Championship (CHAN)

  • President:  Pierre-Alain Mounguengui (Gabon)

CAF Technical and Development Committee

  • President: Samuel Eto’o (Cameroon)
  • Vice President:  Malouche Belhassen (Tunisia)

CAF Medical Committee:

  • President: Dr. Mohammed Bouya (Mauritania)
  • Vice President: Dr. Thulani Ngwenya (South Africa)

Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H

Advertisement
Continue Reading

Governing Bodies

Nigeria  becoming an epicentre of global badminton as Francis Orbih enters the Badminton World Federation Council

blank

Published

on

blank

Laurels on the courts and now glory in the boardroom sums up the mark that badminton is making in Nigeria.

The President, Badminton Federation of Nigeria (BFN), Francis Orbih, has been elected as a council member of the Badminton World Federation (BWF).

The election took place during the BWF Annual General Meeting on Saturday in Xiamen, China.

 Orbih emerged victorious over top contenders from other African countries.

He will join Cameroon’s Odette Assembe Engoulou on the council, while Chipo Zumburani (Zimbabwe) and Hadia ElSaid (Egypt) missed out.

Advertisement

An elated Orbih expressed his gratitude to fellow badminton presidents across the globe for their trust and support.

He said, “I am deeply honoured by the trust placed in me by my peers across the badminton world.

“I look forward to quality representation, driving development initiatives, and strengthening badminton’s global reach over the next four years.”

Orbih also acknowledged the support of the Federal Government of Nigeria, particularly the National Sports Commission (NSC), which he said played a significant role in his successful bid.

“The Chairman and the Director General of the NSC monitored the entire process. I’m grateful for their involvement and confident Nigeria will benefit from this,” he stated.

Advertisement

He further appreciated the BFN board members and the Nigerian badminton community for their prayers and continued belief in his leadership.

“From the day I declared my intentions, the board members of BFN have been supportive, and I promise not to disappoint them,” Orbih concluded.

Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H

Advertisement
Continue Reading

Governing Bodies

Ex-FIFA Council member and Mali football chief released from jail

blank

Published

on

blank

A former member of the FIFA Council, Mamoutou Toure, has been released from jail in Mali after almost two years in detention for alleged corruption, Malian media reports said on Wednesday.

Toure, president of the Malian Football Federation since 2019, was released after 622 days in prison on Tuesday.

He served on the FIFA Council, world football’s all-powerful decision-making body, for four years until last month when he lost his seat after failing to contest new elections.

The 67-year-old was arrested in August 2023 on allegations of embezzling $28 million of public funds but was granted a provisional release order by the Malian courts, reports said.

He was accused of misconduct during his time as the National Assembly’s financial and administrative director from 2013-2019.

Advertisement

Toure denied all charges and, during his time in jail, was last August re-elected as Malian Football Federation president for a second consecutive term, with his supporters claiming he was a victim of a conspiracy fuelled by detractors.

While in jail, he received a letter of support from FIFA president Gianni Infantino. However, as of last month, Toure is no longer a member of the FIFA Council or the Confederation of African Football’s executive committee.

-Reuters

 Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H

Advertisement
Continue Reading

Most Viewed