The international Olympic Committee expects that he will have to incur costs up to $800 million due to the transfer of the summer Olympics in 2020.
In connection with the pandemic COVID-19 and migration of the Olympic games in Tokyo for 2021 IOC will incur expenses in the amount of $ 800 million. This was stated by IOC President Thomas Bach at a video conference following the meeting of the Executive Committee of the organization.
“We discussed today the question of how the pandemic has affected the financial situation of the Olympic movement. It’s hard to calculate all the consequences, to plan in the circumstances is difficult because nobody knows how the world will look like tomorrow. But the IOC Executive Board today approved a package of support that will reach $800 million. They will be aimed at overcoming the consequences of the coronavirus”
According to the report, 150 million will be used to support international federations and National Olympic committees.allocatemillion