Olympics delayed means finances frayed for many athletes - News Summed Up

Olympics delayed means finances frayed for many athletes


The Tokyo 2020 Olympic Summer Games were supposed to be underway right now, with hundreds of Canadian athletes training and competing in Japan. It won't and cannot pay all the bills Olympic athletes face, which is where corporate sponsorships can make a huge difference. de Jonge, who won a bronze medal at the London 2012 Olympic Games, explained that the years in between Olympic Games can be drier in terms of sponsors, but the payoff usually happens at this point in the cycle. Olympians aren't all rich, says expertAccording to one expert in the Olympic games, many Canadians may assume Olympians can weather the storm financially because they have personal resources. "Also in this kind of situation, they're going to be going back to their parents, and their parents are hurting.


Source: CBC News July 28, 2020 07:52 UTC



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