Abstract: The hasty decision made by the International Olympic Committee (IOC) on the postponement of the 2020 Tokyo Olympic Games amplifies the defects of the international sports autonomy system and highlights the lack of governance capacity of the organization. Meanwhile, it also exposes that the Olympic Governance System under the leadership of the IOC is faced with such dilemmas as the conflicts of interests and increasingly fierce political struggles among governing bodies, the continuous expansion and complexity of governance objects (problems), and the lack of “good governance”and “rule by man” in governance value, the increasing weakening of the binding force of regulatory texts, the lack of evaluation standards for governance effects. In the short term, the International Olympic Committee will minimize the impact of Coronavirus epidemic by alleviating the financial crisis of multiple stakeholders. In the medium term, it is committed to further deepening the reform of good governance to strengthen its leadership and appeal. Gradually improve its governance capacity. In the long run, it plans to lead diversified governingbodiesto build the Olympic community through collaboration, so as to promote the new development of the Olympic Governance System.