Kyodo news agency reported that Japanese Prime Minister Abe had agreed that Japan would shoulder the cost. Photo: Reuters
Kyodo news agency reported that Japanese Prime Minister Abe had agreed that Japan would shoulder the cost. Photo: Reuters

No clarity yet on how cost of postponing Olympics will be shared with Japan - IOC

By Reuters Time of article published Apr 21, 2020

Share this article:

TOKYO – The financial impact of postponing the Summer Games by a year is still being worked out, the International Olympic Committee said, noting that Japan and the IOC were responsible for their respective share of the costs in line with their contract.

In a statement updated on April 20, the IOC said Prime Minister Shinzo Abe agreed that "Japan will continue to cover the costs it would have done under the terms of the existing agreement for 2020, and the IOC will continue to be responsible for its share of the costs.

"For the IOC, it is already clear that this amounts to several hundred millions of dollars of additional costs," the IOC said.

Subscribe to the IOL Sport Newsletter!

Earlier, Kyodo news agency reported that Abe had agreed that Japan would shoulder the cost, which Kyodo said amounted to around $3 billion.

Japan's top government spokesman, Yoshihide Suga, said on Tuesday Abe had not agreed to any additional costs. 

Reuters

Share this article:

Related Articles