IOC to allocate USD 25 million to cover athlete and team costs after Olympics postponement

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IOC to allocate USD 25 million to cover athlete and team costs after Olympics postponement

Laussane, April 25: The International Olympic Committee is allocating more than $25 million to cover extra athlete and team costs related to the one-year postponement of the Tokyo Olympics Games.

The IOC said an extra $15 million will go to a program helping 1,600 athletes from 185 less well-funded countries prepare for the games in 2021.

More than $10 million is available for national Olympic bodies to cover additional operational costs such as travel and accommodation for officials.

The money is being awarded through the Olympic Solidarity program. The program aims to help all 206 national Olympic teams and the refugee team send athletes to the games.

Story first published: Saturday, April 25, 2020, 13:56 [IST]

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Sporting Buzz

IOC to allocate USD 25 million to cover athlete and team costs after Olympics postponement

IOC to allocate USD 25 million to cover athlete and team costs after Olympics postponement. Tokyo Olympics has been moved to 2021 due to Coronavirus.