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Postponing Tokyo Olympics Will Cost the IOC $800m
Source: Associated Press, sportsnet.ca, May 14, 2020
Six months after the Tokyo Olympics are due to close, the 2022 Winter Games are scheduled to open in China.
GENEVA — The IOC set aside $800 million on Thursday for loans and payments arising from the pandemic that forced the 2020 Tokyo Olympics to be postponed.
It is still unclear how big the total postponement bill will be with Olympic organizers and public authorities in Japan facing extra costs estimated to run into billions of dollars.
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