Olympic sports fret over lost Games income
The postponement of the Tokyo Olympics and the shutdown of the sporting calendar because of the coronavirus pandemic are going to hit international sports federations hard financially. Many sports that are part of the Games depend heavily on the payouts every four years from the International Olympic Committee (IOC). “The situation is tense and very gloomy. An assessment will be made, but clearly some posts are under threat,” said an official of a major international federation. The 28 international federations (IF) of the sports that were due to be present…
Read More