Envelope with $800m helps Olympics During Covid-19 Crisis
The International Olympic Committee has set-up a financial envelope with $800m. In Lausanne the IOC said it is to help cover costs due to postponement of Tokyo 2020 to summer 2021 (23 July – 8 August).
The funds will support International Federations, National Olympic Committees and the IOC-Recognised Organisations and athletes affected by the Coronavirus pandemic.
Video courtesy IOC
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The International Olympic Committee is setting-up an ‘envelope’ with US$800m inside https://t.co/kv2g6N9ouB it’s for the #Olympics industry caught in change of #tokyo2020 date due to #COVID19 #athletes @iocmedia pic.twitter.com/4dkf083JAU
— YourNewsUKtv (@YourNewsUKtv) May 17, 2020