Olympics: Organizers agree to extensions with all domestic sponsors

The Tokyo Olympic and Paralympic organizing committee said Thursday it has reached agreements in principle with all 68 domestic sponsors to extend their contracts following the one-year postponement of the games due to the coronavirus pandemic. The original deals were to expire at the end of the year, but the organizers will now move to finalize the extensions based on principle agreements. The organizers on Tuesday listed 350 billion yen ($3.38 billion) as domestic sponsor revenue in their latest budget plan. Organizing committee President Yoshiro Mori also said they expect to raise a further…

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