Chairman Bach reveals 85 billion yen burden for postponement of Tokyo Olympics

Bach of the International Olympic Committee [IOC] will hold a telephone conference after a board meeting held in a closed online format on the 14th, and the Tokyo Olympics, which has been postponed for the first time ever due to the spread of the new coronavirus, will be held up to 8 times. It said that it expects to bear an additional cost of 100 million dollars [about 85.6 billion yen]. In addition to the operating cost of the tournament, it also includes support money for the International Federation [IF].

With the postponement of the Olympics, it was decided to change the IOC general meeting this summer to an online format and hold it on July 17. It was originally planned to be held in Tokyo.

The 14th of the board meeting will be held for the first time after the new schedule of the Olympic Games will be opened on 23rd July next year. We received a report from the Working Group, which was set up jointly with the Organizing Committee of the Games and is working to secure venues and bear additional costs, and discussed countermeasures. [Joint]

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