IOC anticipates $800 million in costs for postponed Tokyo Games
TOKYO (UPI) -- The International Olympic Committee announced Thursday that it anticipates it will bear $800 million in expenses following the postponement of the 2020 Tokyo Games. The IOC said the figure includes $650 million in costs for the organization of the event originally planned for this summer as well as a $150 million aid package to allow various Olympic organizations to continue their sports and activities and support their athletes. "The Olympic Movement is facing an unprecedented challenge. The […]
