The havoc of Corona has increased so much in the world that it is causing panic in everyone's heart and mind. The postponement of the Olympic Games has created a huge crisis in front of the sports institutions in the US, according to the analysis of 8 Associated Press in all the sports, between February and June, totaling more than Rs 800 crore revenue to 50 national governing bodies. There will be loss.
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In America, the NGB provides funds for the players to fulfill the Olympic dream and participate in other top level competitions. The US Olympic and Paralympic Committee (USOPC) oversees the country's Olympic Games. 80% of the budget of NGB is for the help of sportspersons, and excluding the American Tennis Association, NGB gets around $ 68.50 million annual revenue.
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According to reports, the federations will not get the amount received from NBC in the Olympic year due to postponement of Olympics. According to the USOPC, the damage to American sports can reach $ 600 million to $ 800 million.