World

Olympics Have a $900 Million Reserve Fund for Canceled Games

Coronavirus has led to questions about 2020 games in Tokyo
IOC made $5.7 billion in last four-year Olympic cycle

Pedestrians walk past the New National Stadium, the main venue for the 2020 Olympic and Paralympic Games, in Tokyo on Feb. 19.Photographer: Noriko Hayashi/Bloomberg

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By Eben Novy-Williams

February 25, 2020 at 3:04 PM EST

Updated on

February 25, 2020 at 5:33 PM EST

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As the International Olympic Committee looks ahead to the Summer Games with trepidation, it does have something that could cushion the blow in case of cancellation: a $897 million reserve fund to help finance global sports.

It’s an improbable scenario, but one drawing more consideration as the coronavirus continues to spread around the world. A number of global sporting events and Olympic qualifiers have been canceled, and many are now wondering how the outbreak might effect the 2020 Summer Games in Tokyo, scheduled to start at the end of July.

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