ИСТИНА

For the first time in the history of the Olympic Games there was a situation for which neither the organisers, nor the sponsors, nor the athletes, nor the government of the host country of the Games were ready. The economic damage from the coronavirus epidemic has already been estimated at trillions of dollars, this damage has affected absolutely all areas, including the sports industry. The postponed Olympics showed that, despite the existence of numerous anti-crisis scenarios, the International Olympic Committee was not ready for such challenge. In this article, the authors tried to analyse the prevailing economic risks for the organisers of the most large-scale event in the sports field, as well as to assess whether the abolition of the Games was the only possible way to minimise damage.