The International Olympic Committee has set aside $800m (£654m) to help with the “severe” financial impact caused by the postponement of the Tokyo 2020.
Organisers will get $650m after this summer’s Games were postponed by a year because of the Covid-19 pandemic.
The other $150m is set to be split into loans for international sports federations and national Olympic committees with cash flow problems.
IOC president Thomas Bach also said there would be cutbacks.
“The situation requires compromises, it requires sacrifices by everybody,” said the German. (Text, photo by BBC)
