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  Sports   In Other sports  21 Apr 2020  No clarity yet on how cost of postponing Olympics will be shared with Japan: IOC

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

REUTERS
Published : Apr 21, 2020, 9:42 am IST
Updated : Apr 21, 2020, 9:42 am IST

There were reports that prime minister Abe had agreed that Japan would shoulder the cost amounting to around $3 billion

AFP Photo
 AFP Photo

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.

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.

Tags: 2020 tokyo olympics, international olympic committee, covid 19, prime minister shinzo abe
Location: Japan, Tokyo-to, Tokyo