The IOC bears an additional US $ 800 million for the Olympic extension, 6.500 million for running costs

The IOC bears an additional US $ 800 million for the Olympic extension, 6.500 million for running costs
The International Olympic Committee will bear the additional costs of the 800 million dollar extension of the Tokyo Olympics.Network screenshot Swiss local time on May 14th, the Executive Committee meeting of the International Olympic Committee, shortly afterwards, the official website of the International Olympic Committee issued a notice saying that the International Olympic Committee will bear the 8 billion US dollars due to the extension of the Tokyo Olympics.The additional loss costs, of which 6.500 million US dollars for the event organization costs.After the Tokyo Olympics decided to postpone it to the summer of 2021, the International Olympic Committee and Japan have been divided on who will bear the large amount of the cost of the extension and the specific indicators of their respective responsibilities.At the end of April, the International Olympic Committee President Bach issued an open letter promising that the International Olympic Committee will take corresponding responsibility for it. “For the International Olympic Committee, 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.Although it is still too early to provide the expected amount to the outside world, we have made it clear that the International Olympic Committee will bear hundreds of millions of dollars in extension costs.”After more than half a month, after an in-depth discussion at the executive committee meeting, the IOC officially confirmed and revealed for the first time the consequences it will bear.According to Bach, chairman of the International Olympic Committee, the IOC will bear a total of 800 million U.S. dollars for the extra costs caused by the extension of the Tokyo Olympics.Among them, 6.500 million US dollars for the organization costs of the Tokyo Olympic Games extension, another 1.US $ 500 million is a package of assistance programs for international individual sports organizations, various national and regional Olympic Committees, and other organizations recognized by the IOC.It is understood that the International Olympic Committee has recently provided financial support to the Olympic Committees of various countries and regions to help local athletes better prepare for the Olympic Games. It also provides financial assistance to special groups such as Olympic athletes.Just yesterday, the International Olympic Committee and the Swiss Federal Council proposed a joint support plan to provide loans to international sports organizations in difficult times.Considering that the extra cost caused by the extension of the Tokyo Olympics cannot be estimated and involves a wide range, the International Olympic Committee Hyundai has confirmed that it will bear 6.The organization cost of 500 million US dollars, as the organizer of the event, whether the Japanese government and the Tokyo Olympic Committee are satisfied with this fact, awaits further response from Japan.Sauna, Ye Wang Xu Bangyin editor Han Shuangming proofread Chen Diyan