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

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The organisers of the Tokyo 2020 Olympics, the first in history to be postponed, said on Friday they were not aware of detailed spending ...

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 US$800 million committed to next year's rescheduled Games by the International Olympic Committee .

On Thursday, Thomas Bach, president of the IOC, said it expected to bear costs of up to US$800 million. Of this, US$650 million will go for organisation of the Games, set to start on July 23 next year, and US$150 million to support international federations and National Olympic Committees. . Changes to the original plan could be expected so as to save costs and make the Games safe for athletes, Muto said, without providing details.

 

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