3 Olympics Games have actually been cancelled in the past.
Nevertheless, this year is the first time the event has actually been delayed.
Organisers of the Tokyo Olympics and Paralympics state the coronavirus pandemic made it difficult to hold the occasions this summer season.
The hold-up will cost the Japanese federal government, sponsors and companies billions of dollars.
Numerous competitions and competitors around the world are either on hold or cancelled.
What will be the financial and mental effect on professional athletes, fans and companies?
Speaker: Bernard Smith
Gail Emms – badminton silver medallist for Team Great Britain in the 2004 Olympic Games
Tadgh MacIntyre – speaker in sports and efficiency psychology at the University of Limerick
James Reade – associate teacher at the University of Reading
Source: Al Jazeera