IOC will allocate 800 million
The International Olympic Committee expects that it will have to incur costs of up to $ 800 million due to the postponement of the 2020 Summer Olympics.
In connection with the COVID-19 pandemic and the postponement of the Tokyo Olympic Games in 2021, the IOC will incur costs of $ 800 million. This was stated by IOC President Thomas Bach at a video conference following a meeting of the executive committee of the organization.
“We discussed today the question of how the pandemic affected the financial situation of the Olympic movement. Now it’s not easy to calculate all the consequences, it’s difficult to plan in the circumstances, since no one knows what the world will look like tomorrow. But the IOC Executive Committee today approved a support package that will be up to $ 800 million. They will be aimed at overcoming the effects of coronavirus "
According to the report, 150 million will be allocated to support international federations and National Olympic Committees.
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