Branch Crown Financial Interpretation: Tokyo Olympic Games in Japan to determine the extension of direct loss of about 200 billion

Beijing early this morning, a senior IOC member Dick Pound told "USA Today" interview revealed, "has decided to postpone the Tokyo Olympic Games, is likely to move in 2021, details will be decided in the next four weeks. "

Branch Crown Financial Interpretation: Tokyo Olympic Games in Japan to determine the extension of direct loss of about 200 billionMicro-letter picture _20200325100309.png

Although Bach had said that all decisions have nothing to do with "money", but now it seems, it does not adhere to either cancel, postpone has been reluctant to let go, or eventually inclined to 2021, are "money" decision.

Direct loss of nearly 200 billion

Japan postponed the Olympic Games, a conservative estimate, the direct loss of nearly 200 billion yuan. For example, millions of canceled room, your global partner for the International Olympic Committee's Airbnb Audemars Piguet welcome not agree.

Another notable fact is that the International Olympic Committee in the past Olympic cycle revenue more than 40 billion yuan, half from television, 75% of which come from the NBC - NBC in 2014--2020 in each Olympic year to the International Olympic Committee pay about 7.7 billion yuan, 2022--2032 annual sponsorship amount up 17% on average each Olympic year 9.2 billion yuan.

Branch Crown Financial Interpretation: Tokyo Olympic Games in Japan to determine the extension of direct loss of about 200 billionMicro-letter picture _20200325100311.png

Why not later this year?

Rely on sponsorship, the International Olympic Committee in June last year, said the annual report, 2018 annual revenues more than 15.5 billion yuan, while the US Olympic Committee also received a report from the International Olympic Committee allocated more than 1.5 billion yuan. This is because the United States Olympic Committee and the International Olympic Committee also has a "revenue sharing agreement", 12% NBC sponsorship fees, as well as the International Olympic Committee sponsorship fee of 20% to be allocated to the United States Olympic Committee.

Therefore, the agreement will be the organizers of the Olympic Games the International Olympic Committee, the largest number of participants in the United States Olympic Committee and the US television work closely together, and then look at NBC's broadcast plan: outside the Olympics, they have bought in the United States NFL, NHL and other leagues, the Premier League's TV rights, once the tokyo Olympics was postponed to October this year, conflict with the schedule of these leagues.

Branch Crown Financial Interpretation: Tokyo Olympic Games in Japan to determine the extension of direct loss of about 200 billionMicro-letter picture _20200325100314.png

Why not 2022?

2022 Winter Olympics, the International Olympic Committee's 14 global partners, and certainly do not want Winter Olympics Summer Games will be held in the same year, the company's budget will be difficult to afford.

In addition, the maintenance of venues in Japan, has been built in the Olympic Games can not wait. Even if only one-year delay, the Japanese Olympic Committee must choose: Olympic Village will be carrying huge loans vacant a year, or now sublet, sell, then find another place in the Olympic Village as.

Indirect losses far-reaching confidence badly shaken

In addition to direct economic losses, indirect losses more far-reaching. Japan is ready to seven years for the Olympic Games, Tokyo Olympic Games postponed for the entire national confidence hit is very heavy. "Yomiuri Shimbun" 23 poll released by the pneumonia outbreak affected by the new crown to expand its influence, 69 percent of respondents wanted "deferred" was held Tokyo Olympic Games, but there are still 17% of respondents want to "schedule" was held tokyo Olympic Games.

According to Japanese media reports, if the Tokyo Olympic Games and Paralympic Games due to the new coronavirus epidemic and later postponed to next year, will lead to foreigners visit Japan originally considered to reduce domestic consumption is also expected to fall into the doldrums. Ichi Life Research Institute chief economist Japan Sea Economic Wing Kwong Lee estimates that Olympic visitors from home and abroad with special needs will disappear in 2020 GDP will lose 1.7 trillion yen.

Branch Crown Financial Interpretation: Tokyo Olympic Games in Japan to determine the extension of direct loss of about 200 billionMicro-letter picture _20200325100316.png

According to the Japanese point of view the current situation, Japan's new crown pneumonia patients did not show explosive growth, the number has more than 1000 cases diagnosed. The epidemic appears to be well under control in Japan, but compared to South Korea, Japan, the amount of nucleic acid detection is much lower than the former. Data show that Japan has only about 15,000 people accepted the nucleic acid detection, this is only detectable amount equal to the outbreak of Korean day period.

The number of people diagnosed with low detection rate in Japan is not like some European countries, like surge, whether there can be a large number of patients were left lying out, this may also be a factor in the IOC decided to extend the deadline.

Edit: Branch Crown Financial
Audit: all the people love sports

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Origin blog.51cto.com/14658507/2482007