Osaka Raises $114M For New Stadium Japan Stadium To Cost More Than $2B Rio Retakes Guanabara Bay Cleanup IOA Dismisses Hockey India Demand Endo Named Japan Olympics Minister Partnership Will Fill 85,000 Jobs Paris Tries Again With 2024 Bid Japan To Keep Stadium Design European Games Won Over Doubters Rio Ups Security For 2016 Olympic Games
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/April 2, 2013/Olympics
Tokyo 2020 CEO Says Private Funding For Bid At 70%, Committee Looks For More Sponsors
Published April 2, 2013
Tokyo 2020 CEO Masato Mizuno has "revised his previous assessment of private funding for the city's budget" upward to about 70%, after stating last week that less than half of the 3.8B yen ($40 M) had been procured, according to KYODO. Tokyo's bid is expected to cost 7.5B yen ($80M), with 3.8B yen "anticipated to be raised through private funding." The metropolitan government plans to foot the remaining 3.7B yen. The committee "is looking at other ways of raising money, like increasing the number of sponsorships" (KYODO, 4/1). Tokyo 2020 announced on Monday that Japanese fashion retail chain AOKI Holdings has become Tokyo's latest Official Bid Partner, bringing the list of corporate partners to 18. Fashion designer Junko Shimada and AOKI's tie-up brand JUNKO SHIMADA JS homme will produce Tokyo 2020's official uniforms for future presentations, including the Host City Election of the 2020 Olympic and Paralympic Games in Buenos Aires on Sept. 7 (TOKYO 2020, 4/1).