Thomas Bach city Tokyo president 2020 rights Thomas Bach city Tokyo

Olympic sponsors to retain their rights despite postponement

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Some key sponsors of the games -- including General Electric Co. and Procter & Gamble Co. -- have agreements that are scheduled to expire at the end of 2020 All the sponsors of the Tokyo 2020 Olympics will retain their sponsorship rights despite the postponement of the games due to the coronavirus epidemic, the President of the International Olympic Committee Thomas Bach said. “It is a logical consequence that the sponsors of the Olympic games Tokyo 2020 that they keep their rights even if these games are organized in 2021," Bach told reporters in a phone call Wednesday.

Some key sponsors of the games -- including General Electric Co. and Procter & Gamble Co. -- have agreements that are scheduled to expire at the end of 2020.

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