Following the developments regarding COVID-19, the decision was made to postpone the Tokyo 2020 Olympics. The delay has left athletes and brands uncertain about sponsorships.
Simon Leaf, Managing Associate, was quoted in the New York Times discussing these concerns.
He said: “They’ll be rushing to check agreements on what’s covered and what’s not covered.”
“Brands may have paid money and are not getting the return they expected. Likewise, athletes working with brands could be expecting to receive additional amounts this year but will not meet criteria for competing at the Olympics in the summer of 2020.”
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