Olympics Delay Could Scramble Sponsorship Deals, Attys Say
Law360 (April 3, 2020, 7:47 PM EDT) -- The postponement of the 2020 Olympics due to the coronavirus pandemic will force the International Olympic Committee and games organizers to amend a litany of contracts, including lucrative sponsorship deals that attorneys say could prove tricky — and costly — to renegotiate.
The IOC, in conjunction with the Tokyo 2020 Organizing Committee and the Japanese government, made the formal call on March 30 to postpone the Summer Olympics that were set to start this July. Organizers hope the one-year delay will allow time for the pandemic to subside, enabling fans to attend and athletes to properly prepare without facing social distancing and travel...
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