Report: Huge Economic Hit if Olympic Games Canceled

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A new report shows evidence that canceling the Olympic Games could have major economic implications for the sports industry in general.

Research from GlobalData reveals that in the cycle between 2017-2020 the IOC generated $1.6 billion in revenue through its Olympic Partner program (TOP) while broadcast revenues came in at $4.5 billion. Domestic partners of Tokyo’s local organizing committee have generated a further $3.3 billion in revenue over the same period.

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