Yes, the event can be held.
Let the participants, referees and support staff decide. If people want to come, let them. Stop trying to live people’s lives for them and let them decide for themselves what to do.
If they die, they die. Just like everything else in life they do.
‘Stop trying to live people’s lives for them and let them decide for themselves what to do.’
well, yes...since March of 2020 sane people have been saying this...