IOC expects costs of up to $800-million for delayed Tokyo Games GlobeBusiness
This translation has been automatically generated and has not been verified for accuracy.The International Olympic Committee expects to bear costs of up to $800 million for its part in the organisation of the postponed Tokyo 2020 Olympics, now due to be staged next year, IOC President Thomas Bach said on Thursday.
International federations rely on the Olympic Games contribution every four years, and with a ban on sports competitions worldwide all of their major sources of revenue have dried up in recent months. Bach noted that the first priority now was to secure the Olympic venues, including the athletes’ village and the media centres, for another year.
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