Team USA Will Let Most Sponsors Extend Through 2021 Tokyo Games
- U.S. Olympic partners’ deals were set to expire at end of 2020
- Conflicts remain under discussion in airlines, insurance, milk
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The U.S. Olympic & Paralympic Committee is offering to extend agreements with most of its corporate partners through the 2021 Tokyo Games at no additional cost, removing a potential headache for sponsors of the delayed event.
Team USA sent notes on Wednesday to 17 of its 20 sponsors, giving them the option of extending their deals through next year’s Summer Games, according to two people familiar with the letter. Should the companies choose to extend, their pacts will expire on Sept. 5, 2021, at the end of the Paralympic Games.