A woman wearing a face mask passes in front of the 2020 Olympic Games logo outside the Tokyo Metropolitan Government Building AFP/Philip FONGLAUSANNE: The International Olympic Committee, thanks to its vast reserves, and international federations, many of which have borrowed money, can cope with the postponement of the Tokyo Games, but a cancellation would have disastrous consequences, experts say.
In May, the IOC anounced a fund of US$800 million, with US$650 million destined to help cover costs of the postponement of the Games and the remaining US$150 million to support the Olympic movement, including federations. "But I don't believe that will happen because the IOC and most importantly the Japanese government will do everything so that they take place, even if they are 'simplified'.
"It would put international federations in danger and reveal their finanacial fragility," with many smaller federations dependent on IOC payouts every four years.
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