Panasonic is one of 15 companies that are declared TOP sponsors for the International Olympic Committee. It’s not accepted the amount of the Panasonic sponsorship, but sponsors accord added than $2 billion in a four-year Aeon to the IOC.
Two added Japanese companies are additionally amid the IOC’s 15 arch sponsors. Toyota, which for several months has been reportedly accessible to end its contract, was contacted Tuesday by The Associated Press but offered no new information.
“Toyota has been acknowledging the Olympic and Paralympic movements back 2015 and continues to do so,” Toyota said in a statement. “No advertisement to advance contrarily has been fabricated by Toyota.”
Japanese sponsors assume to accept angry abroad from the Olympics, acceptable accompanying to the one-year adjournment in captivation the 2020 Tokyo Olympics. The COVID-19 adjournment bargain sponsors’ afterimage with no admirers accustomed to appearing antagonism venues, ran up the costs, and unearthed countless bribery scandals about the Games.
Tiremaker Bridgestone told AP “Nothing has been decided.”
Toyota had an acquaintance admired at $835 actor appear to be the IOC’s better back it had appeared in 2015. It included four Olympics alpha with the Pyeongchang 2018 Winter Games in South Korea and ran through the just-completed Paris Olympics and Paralympics.
Reports in Japan advance Toyota may accumulate its Paralympic Olympic sponsorship.
The IOC TOP sponsors are Abin Bev, Airbnb, Alibaba, Allianz, Atos, Bridgestone, Coca-Cola, Deloitte, Intel, Omega, Panasonic, P&G, Samsung, Toyota, and Visa.
In an address several months ago by the Japanese account bureau Kyodo, bearding sources said Toyota was black with how the IOC uses advocacy money. It said the money was “not acclimated finer to abutment athletes and advance sports.”
Japan was already a above chantry to revenue, but more the IOC has approved out sponsors from China, with accretion absorption from the Middle East and India.
Japan clearly spent $13 billion on the Tokyo Olympics, at atomic bisected of which was accessible money. A government analysis appropriates the absolute amount was alert that. The IOC addition was about $1.8 billion.
The Tokyo Games were mired in bribery scandals affiliated to bounded sponsorships and the application of contracts. Dents Inc, the huge Japanese business and accessible relations company, was the business arm of the Tokyo Olympics and aloft a record-$3.3 billion in bounded advocacy money. This is abstracted from TOP sponsors.
French prosecutors additionally looked into declared vote-buying in the IOC’s accommodation in 2013 to aces Tokyo as the host for the 2020 Summer Games.
The IOC had assets of $7.6 billion in the aftermost four-year axon catastrophe with the Tokyo Games. Figures accept not been appear yet for the axon catastrophe with the Paris Olympics.
The IOC’s TOP sponsors paid over $2 billion in that period. The amount is accepted to ability $3 billion in the abutting cycle.
