May 14, 2020 / 3:35 PM / 19 days ago

Olympics-IOC says expects costs of up to $800 million for delayed Tokyo Games

BERLIN, May 14 (Reuters) - The International Olympic Committee expects to bear costs of up to $800 million for its part in the organisation of the postponed Tokyo 2020 Olympics, now due to be staged next year, IOC President Thomas Bach said on Thursday.

In March, the International Olympic Committee and the Japanese government decided to delay the Games, due to start this July, for a year due to the coronavirus pandemic.

“We anticipate we will have to bear costs of up to $800 million for our part and responsibilities in the organisation of the postponed Games Tokyo 2020,” Bach told a conference call at the end of the executive board meeting. (Reporting by Karolos Grohmann; Editing by Hugh Lawson)

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