Girls carrying face masks, amid considerations of the COVID-19 coronavirus, stroll previous a show exhibiting a countdown to the beginning of the Tokyo 2020 Olympic Video games in Tokyo on March 23, 2020.
Charly Triballeau | AFP through Getty Pictures
Like virtually every little thing surrounding the coronavirus, the postponement of the Summer season Olympics in Tokyo to subsequent 12 months has a severe financial ripple impact.
Many can be affected, says Lauryn Williams, a four-time Olympian and licensed monetary planner with Value Profitable in Dallas, from athletes who had already stopped incomes to be able to prepare, to full-time sponsored opponents who will possible see their earnings affected.
"Seasons have been canceled for many sports activities," Williams mentioned. "That is prize cash that may't be earned, funds nobody can rely on.
"When you're not sponsored, you desperately want that cash."
School prices loom
The unknowns stretch from whether or not this 12 months's trials will nonetheless happen, to the varied ranges of choice making worldwide, nation...
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