Postponed Tokyo Olympics to cost Japanese organizers $2.8bn ...News

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Postponed Tokyo Olympics to cost Japanese organizers $2.8bn
source : Russia Today ( News ) () 11
The Olympic organizing committee claimed on Friday that the postponement of the Games in Tokyo until next year due to the coronavirus pandemic will cost it an additional 294 billion yen ($2.8 billion). The Tokyo metropolitan government is now expected to allocate 120 billion yen ($1.15 billion) for the Games, while the organizing committee will commit 103 billion yen ($990 million), and the Japanese government will pay 71 billion yen ($683 million), organizers said on Friday. The Japanese organizers' share of the costs would come from a contingency fund within its budget, as well as from additional sponsorship and insurance, according

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