Olympic organisers have insisted the games will go ahead in Tokyo this year - despite a report to the contrary. When will the Tokyo Olympics be held, if at all? Postponing again would inconvenience two key Olympic sports that already moved their 2021 world championships to make space for Tokyo. The fund's purpose includes "to cover the IOC's operating cash requirements in the event of a cancellation of any future Olympic Games." The IOC is due to share about $600 million among 27 sports as their share of its Tokyo Olympics revenue.

Source: New Zealand Herald January 23, 2021 19:11 UTC