President Andrew Parsons says he is trying to cut 5% from the budget
Japan's Prime Minister Shinzo Abe, center, arrives to speak to journalists in front of the prime minister's residence in Tokyo, Tuesday, March 24, 2020. Abe says IOC president has agreed "100%" to proposal of postponing Olympics for about 1 year.
Tokyo 2020 Organizing Committee president Yoshiro Mori takes a seat at a news conference in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
Tokyo 2020 Organizing Committee president Yoshiro Mori, left, and CEO Toshiro Muto attend a news conference in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
A journalist waits for the start of a news conference with the Tokyo 2020 Organizing Committee in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
An Olympic torch for the Tokyo 2020 Olympics is on display in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
A man walks past a countdown display for the Tokyo 2020 Olympics in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
Miraitowa and Someity, mascots for the Tokyo 2020 Olympics and Paralympics are seen in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
Two men chat behind the Olympic rings near the New National Stadium in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
A man walks past large displays promoting the Tokyo 2020 Olympics in Tokyo, Tuesday, March 24, 2020. IOC President Thomas Bach has agreed "100%" to a proposal of postponing the Tokyo Olympics for about one year until 2021 because of the coronavirus outbreak, Japanese Prime Minister Shinzo Abe said Tuesday.
The Olympic rings float in the water on a barge Wednesday, March 25, 2020, in the Odaiba section of Tokyo. Not even the Summer Olympics could withstand the force of the coronavirus. After weeks of hedging, the IOC took the unprecedented step of postponing the world's biggest sporting event, a global extravaganza that's been cemented into the calendar for more than a century.
