IOC posts $55 million deficit

The postponement of the Tokyo 2020 Olympics has, as expected, taken a heavy toll on the International Olympic Committee’s (IOC) financial performance in 2020, with the Lausanne-based body reporting a deficit of $55 million (£40 million/€46.7 million) for the year.

Whereas the IOC might have expected 2020 revenue, absent the pandemic, of not far short of $4 billion (£2.9 billion/€3.4…

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