IOC promises to share the cost of postponing the Olympic Games, the estimated amount is hundreds of millions of dollars

IOC promises to share the cost of postponing the Olympic Games, the estimated amount is hundreds of millions of dollars
International Olympic Committee President Bach issued an open letter.Screenshots of the official website of the International Olympic Committee After the Tokyo Olympic Games confirmed the extension to the summer of 2021, the International Olympic Committee and Japan have always had differences on who will bear the large costs of the extension.On April 29th, local time in Switzerland, the official website of the International Olympic Committee published an open letter of Bach entitled “Olympics and New Coronavirus”., Responded to sensitive topics such as Olympic postponement costs.A few days ago, the International Olympic Committee publicly stated, “Japanese Prime Minister Shinzo Abe has agreed that Japan will continue to pay fees in accordance with the terms of the agreement already reached at the 2020 Olympic Games.Sensitive Japanese parties immediately expressed their dissatisfaction. The chairman of the Tokyo Olympic Organizing Committee, Mori Mori, said that the International Olympic Committee cannot completely dump the Japanese Olympic team for the extra costs incurred by the Olympic Games.In the end, the IOC deleted the relevant statement on the official website.”As far as the International Olympic Committee is concerned, we will follow the agreement reached with Japan on the 2020 Tokyo Olympics. The International Olympic Committee will continue to share the pressures and extra costs incurred by the extension of the Tokyo Olympics.”Bach promised in his open letter that the IOC will assume corresponding responsibilities.” Although it is still too early to provide cashed amounts to outside parties, we have made it clear that the IOC will bear hundreds of millions of dollars in extension costs.Bach revealed that the International Olympic Committee is already in extensive discussions with athlete representatives, the Olympic Committees of various countries and regions, individual sports organizations, business partners and sponsors regarding the economic impact of the Olympic Games extension.As a preliminary measure, the International Olympic Committee has recently provided financial support to the Olympic Committee of various countries and regions to help local athletes better prepare for the Olympic Games, while also providing financial assistance to refugees and other special groups.Sauna, Ye Wang Xu Bangyin editor Han Shuangming proofread He Yan