goon2019
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Tokyo Olympics postponement leaves UK firms in limbo
With the Tokyo Olympics delayed to 2021 due to Covid-19, UK firms have seen their plans disrupted
The world of sport has been severely disrupted by Covid-19, with headlines highlighting everything from cancelled events and empty stadiums, to athlete health and spectator safety.To get more news about Binary option, you can visit wikifx news official website.
But the pandemic has also had a huge knock-on effect on businesses that support the sport industry - and nowhere is that more apparent than around the Tokyo 2020 Olympics.
The Games, originally due to start on Friday, have been delayed until summer 2021, affecting UK firms who had been fortunate enough to win work.
British companies were set to provide parts for water sport courses, ambulances for horses, power generators, and Olympic venue construction - not to mention softer services such as sponsorship expertise.Aggreko provided generators for London's 2012 Games, including the cross-country cycling events
Glasgow-based Aggreko is the only British firm among the 66 official Tokyo Olympic partners and sponsors, and has been part of the Games since Seoul 1988, providing generators.
Its initial Tokyo contract value was around $200m (£158m) and Aggreko said earlier this year it expected that to increase to around $250m. It has received more than $100m in payments so far, as the Japanese hosts continue to deliver scheduled instalments.
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