GENEVA — The IOC set aside $800 million on Thursday for loans and payments arising from the pandemic that forced the 2020 Tokyo Olympics to be postponed.
It is still unclear how big the total postponement bill will be with Olympic organizers and public authorities in Japan facing extra costs estimated to run into billions of dollars.
“We anticipate that we will have to bear costs of up to $800 million for our part of the responsibilities for the organization of the games,” International Olympic Committee president Thomas Bach said.
FULL STORY: https://www.columbiamissourian.com/...cle_24e75a51-ba59-521a-ae58-ca0790d2b84e.html
It is still unclear how big the total postponement bill will be with Olympic organizers and public authorities in Japan facing extra costs estimated to run into billions of dollars.
“We anticipate that we will have to bear costs of up to $800 million for our part of the responsibilities for the organization of the games,” International Olympic Committee president Thomas Bach said.
FULL STORY: https://www.columbiamissourian.com/...cle_24e75a51-ba59-521a-ae58-ca0790d2b84e.html
