Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Starmer will resign, Trump says

      Number 10 Downing Street entrance with iconic black door and brass letterbox, symbolizing UK Prime Ministers official resi...

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Why 2026 World Cup is when AI becomes the interface between fans and football 

      GettyImages 2280946892: Professional meeting with diverse business executives discussing strategies in a modern office set...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 07 January 2021 2:30 pm

The Week in Sportbiz: Fresh fears over Tokyo Olympics; Pound calls for athletes to jump vaccine queue; China’s $900m esports palace

By: Frank Dalleres

Sports Editor

Add as a preferred source on Google
Tokyo 2020 Olympics organisers says the Games will go ahead despite the city being
Gearing up for the Olympics, Japan has secured the largest amount of vaccines in Asia but has inoculated just 2.2 per cent of its population.

Tokyo 2020 Olympics organisers have attempted to calm fears that the Games will not go ahead after a state of emergency was declared in the city.

Japan’s prime minister Yoshihide Suga announced the measures today in response to a steep rise in Covid-19 cases.

The Olympics was rescheduled in response to the pandemic last summer and the new start date of 23 July is less than 200 days away.

But organisers said: “This declaration of emergency offers an opportunity for Tokyo 2020 to plan for a safe and secure Games this summer.

“We will proceed with the necessary preparations accordingly.”

The cost of staging the Olympics and Paralympics in a more Covid-secure way has already added £2bn to the bill.

Tokyo received a boost this week, however, when all 64 domestic sponsors agreed to roll their contracts on to this year.

Japan Airways and Canon were among the companies to extend their support.

Athletes first for jabs?

Vaccination efforts should prioritise Olympic athletes if Tokyo 2020 is to avoid further delays or possible cancellation.

That is the view of Dick Pound, the longest-serving member of the International Olympic Committee.

Pound told Sky News: “It’s a decision for each country to make and there will be people saying they are jumping the queue but I think that is the most realistic way of it going ahead.

“In Canada, where we might have 300 or 400 athletes, to take 300 or 400 vaccines out of several million in order to have Canada represented at an international event of this stature, character and level I don’t think there would be any kind of a public outcry about that.”

Shanghai’s $900m esports palace

China has put its money where its mouth is as it bids to make Shanghai the international capital of esports.

Building work began this week on what is thought to be the single biggest esports project in the world.

Read more

World Cup won’t boost US or European economies, experts warn

Breaking news event with diverse crowd in urban setting, capturing dynamic interaction and vibrant city atmosphere

The Shanghai International New Cultural and Creative Esports Center is consting $900m and is due to open in 2024.

As well as a 6,000-seat gaming arena, it will house hotels, museums, shops and a dance hall.

Tencent adds to NBA’s China crisis

If China is warming to esports, there is no sign of a thawing in its relationship with the NBA.

Tencent has now joined the boycott by apparently withholding coverage of Philadelphia 76ers matches.

The streaming giant’s move has been interpreted as being aimed at new 76ers president Daryl Morey, who spoke out in support of Hong Kong protesters in late 2019.

Houston Rockets fixtures have also received text-only coverage on Tencent since Morey’s comments, made when he was at the franchise.

Broadcaster CCTV, which holds the linear TV rights to show the NBA in China, has not shown a single game of the 2020-21 season.

NBA commissioner Adam Silver estimated last year that the stand-off with China had cost the league $400m.

Helmets for sale in NHL

US sports teams may not sell sponsor advertising on their kits, but the NHL is making an exception.

For the 2020-21 season only, franchises are permitted to advertise on players’ helmets during matches.

The ice hockey league says the move is designed to offset lost revenue due to the pandemic.

Leading teams are said to have asked $1m apiece from sponsors.

By comparison, Premier League football teams can earn up to £10m per season from sleeve sponsors alone.

Read more

England’s secret weapon against World Cup heat? British company’s £26 product

Breaking news scene with journalists interviewing a business leader in front of corporate headquarters, microphones and ca...

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Esports
  • NBA basketball
  • Olympic Sport
  • Tokyo Olympics

Trending Articles

  • As it happened: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Starmer will resign, Trump says

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

  • Iran to close Strait of Hormuz yet Trump threatens toll

More from CityAM

  • World Cup won’t boost US or European economies, experts warn

    Sport Business
    Breaking news event with diverse crowd in urban setting, capturing dynamic interaction and vibrant city atmosphere
  • England’s secret weapon against World Cup heat? British company’s £26 product

    Sport Business
    Breaking news scene with journalists interviewing a business leader in front of corporate headquarters, microphones and ca...
  • ‘Poorly designed’ policies threatening London’s grip on global tourism

    Hospitality
    Bustling Regent Street showcasing vibrant storefronts and diverse pedestrians, capturing the essence of urban life.
  • Exclusive: London in talks to host return of sumo at Royal Albert Hall

    Sport Business
    Getty Images logo prominently displayed on a sleek, modern office building facade with reflective glass panels.
  • Nvidia chief brushes off tech sell-off as a buying opportunity

    Markets
    Nvidia CEO Jensen Huang speaking at a tech conference, emphasizing AI advancements and industry innovation.
  • Kraken Launches Autonomous Agents for Utility Customer Service Built in Partnership with Sierra

    Business Wire
  • Prem Rugby needs to switch up its calendar to stop final being banished to fringes

    Sport Business
    GettyImages 2220159051 showing a significant news event with key figures discussing major topics in a formal setting
  • Game, Set, Match: How brands can serve up lasting value at Queen’s

    Sport Business
    Breaking news concept with digital globe, network lines, and binary code representing global communication and data flow

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies