Olympics: We don't know how IOC money will be spent, admits Tokyo 2020 chief

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TOKYO (REUTERS) - The organisers of the Tokyo 2020 Olympics, the first in history to be postponed, said on Friday (May 15) they were not aware of detailed spending allocations for the US$800 million (S$1.13 billion) committed to next year's rescheduled Games by the International Olympic Committee (IOC).. Read more at straitstimes.com.

TOKYO - The organisers of the Tokyo 2020 Olympics, the first in history to be postponed, said on Friday they were not aware of detailed spending allocations for the US$800 million committed to next year's rescheduled Games by the International Olympic Committee .

"We, in the organising committee ourselves, have no idea about how this money will be spent," Toshiro Muto, the chief executive of the organising committee, told an online briefing."As to the breakdown...I also understand that the IOC has stated it is too soon and too early to tell." Muto said he had not seen a breakdown of the IOC's costs and declined to say how much the delay was likely to cost the Games organising committee and the Japanese government.New dates have been set since the IOC and Japan decided jointly in March to postpone the Olympics, but little else, leaving open issues such as availability of venues, athlete safety and a swathe of broadcast and sponsorship contracts.

But if the pandemic threat persists, incorporating social distancing norms into the arrangements promises to be a headache, to say nothing of other precautions.

 

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