Switzerland: Bach says COVID-19 crisis might cost IOC $800M

International Olympic Committee (IOC) President Thomas Bach said that the delayed Olympic Games in Tokyo as well as other coronavirus-related costs made the organisation to approve «an envelope of up to 800 million US dollars (740 million euros).» He spoke from the organisation's headquarters in Lausanne on Thursday. The coronavirus crisis has «a very severe financial effect» on the world and the... Еще entire Olympic Movement, added Bach. He also stressed how the uncertainty of the new pandemic may impact the Olympics Games in the future. «Planning in these days is so difficult because of all the uncertainties you have and nobody knows how the world looks like tomorrow.» The Tokyo Olympics will take place next year between July 23 and August 8, while the Paralympic Games are due to last from August 24 to September 5, 2021. Mandatory credit: IOC Mandatory credit: IOC

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