Credit card giant visa says their Sponsorships will be extended into 2021 after the Tokyo Olympic games were postponed, providing some financial certainty amid the disruption caused by the coronavirus pandemic.
The credit card giant’s sponsors 96 athletes across 27 sports, including soccer star Megan Rapinoe, gymnast Simone Biles — a quadruple gold medalist at the Rio de Janeiro Games — and two-time defending 800-meter Olympic champion David Rudisha.
The athletes were contacted on Friday to be given the option of extending their sponsorship terms with visa. It is the first clear commitment by a major sponsor to extend such sponsorship support after the unprecedented delay to the Olympics by a year was announced last week by the IOC.
While a spring date for the rescheduled Olympics had been suggested, the signs are now pointing to the IOC using the same slot in 2021 as planned this year when the summer games should have started on July 24 in Tokyo.