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Tokyo 2020 Olympics

International Olympic Committee stays silent on delay cost-sharing

Securing venues and office lease remain a challenge for Tokyo organizers

The IOC and Tokyo organizing committee of the Olympic Games held a joint news conference on Thursday. (Pool photo)

TOKYO -- Despite mounting concerns over additional costs that will be incurred in delaying the Tokyo 2020 Olympic Games and who will bear them, the International Olympic Committee failed to provide a clear response about cost-sharing in a news conference held on Thursday.

"The IOC is certainly facing some very significant costs which are related to the Olympic movement," said John Coates, chair of the IOC's coordination commission, during a virtual news conference after a meeting with the Tokyo 2020 organizing committee. It was the first joint briefing held by Lausanne and Tokyo since Prime Minister Shinzo Abe announced on March 30 that the Games would be delayed by a year due to the coronavirus pandemic.

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