IOC approves financial assistance of up to USD 800 mn for postponed Tokyo Olympics
May 15, 2020
Lausanne [Switzerland], May 15 : The International Olympic Committee (IOC) anticipates that it will have to bear costs of up to USD 800 million for its part of the responsibilities for the organisation of the Tokyo Olympics, its own extended operations and the support for the wider Olympic Movement. This amount will be covered by the IOC itself, including any funding from the Olympic Foundation.