Shannon Roddel | March 25, 2020
The International Olympic Committee (IOC) announced Tuesday, March 24 the 2020 Olympic Games, scheduled to begin July 24 in Tokyo, have been postponed to a date “no later than summer 2021” due to the coronavirus pandemic.
The decision was the right one, and speaks to the enormity of the situation, according to Richard Sheehan, professor of finance at the University of Notre Dame's Mendoza College of Business.
"This is great news for athletes and for a public in a world that is looking for any glimmer of good news,” said Sheehan, who specializes in sports economics and is the author of “Keeping Score: The Economics of Big-Time Sports."
“Moving the Olympics back a month or two would not address the fundamental problem that things are going to get much worse for an extended period of time.”
This marks the first time an Olympic Games has been postponed. Several have been canceled due to war — in 1916, 1940 and 1944.
The IOC, despite the outbreak, had remained confident the 2020 games would go on as planned. However, as athletes struggled to find places to train and qualifying events were disrupted, they criticized the IOC and began calling for postponement.
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