Local Olympics organisers face uninsured loss from spectator ban

Japan Sport Olympic Square (Japan Olympic Museum) [Getty Images ]

The local Tokyo Olympics organising committee is unlikely to get much of an insurance pay-out due to lost ticket sales from a ban on spectators, after using up much of its event cancellation policy on postponement costs last year, insurance sources say.

The Olympics will take place without spectators in host city Tokyo, organisers said last week, as a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the Games.