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Olympics News

IOC anticipates $800 million in costs for postponed Tokyo Games

TOKYO (UPI) -- The International Olympic Committee announced Thursday that it anticipates it will bear $800 million in expenses following the postponement of the 2020 Tokyo Games. The IOC said the figure includes $650 million in costs for the organization of the event originally planned for this summer as well as a $150 million aid package to allow various Olympic organizations to continue their sports and activities and support their athletes. "The Olympic Movement is facing an unprecedented challenge. The […]

todayMay 15, 2020

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