The Tokyo Olympics are officially postponed until next year. We have considered a range of scenarios to stress-test the Group's liquidity position through to the end of this year, including the situation in which the Games do not take place this year.
"It was the best decision for the athletes, for all the players in the Games", added Estanguet.
The New Zealand Olympic Committee released a statement in the wake of the announcement, supporting the decision that was reached.
The Olympics became the highest-profile of a long list of sporting events hit by the COVID-19 outbreak, with football's Euro 2020 also postponed until next year, while the majority of global worldwide sport has been put on hold. The Summer Games will also continue to be called "Tokyo 2020", even as they are moved to 2021.
"We commend the conscientious and courageous decision taken by Tokyo 2020 and the International Olympic Committee to delay this summer's Games in the face of an unprecedented challenge to humanity". He said: "We have to see with them what the options are". "We know they are adaptable and resilient, and they understand that this decision is necessary to ensure a fair field of play and protect the health of both athletes and the wider global".
"The UCI is multiplying its contacts with cycling's families [the International Association of Cycling Race Organisers (AIOCC), the International Association of Professional Cycling Teams (AIGCP) and the Professional Cyclists' Association (CPA)] and, as athletes are the focus of our concerns, with our sport's riders' representatives", the statement continued. "We will also work through plans with our performance partners HPSNZ and the New Zealand sporting bodies".
On Monday, Pound had told USA Today that, "On the basis of the information the International Olympic Committee has, postponement has been decided".
Despite the scheduled start date of July 24 etching closer and uncertainty increasing each day, the International Olympic Committee said on Monday it would take up to four weeks to make a final decision.
Re-organising the games for 2021 is not without its legal challenges.
The modern Olympics have been cancelled five times (once for World War I and four times for World War II), including the scrapped 1940 Summer and Winter Games which Japan had been selected to host in Tokyo and Sapporo, respectively.
NFL instructs clubs to close team facilities
As of right now, the draft is still scheduled to go on as planned, but not in Las Vegas as previously planned. But, if the league's general managers have their way, it won't be on scheduled day of April 23rd.
Half-Life: Alyx sets new record for VR gaming on Steam
Microsoft, Valve, and HP are combining their efforts to produce the new next-generation virtual reality (VR) headset. There is even a listing for it on the Steam website , but it doesn't give any insights into the actual hardware.