Coronavirus: Olympics have a $1.2 billion reserve fund for cancelled games

February 26, 2020 7:39 AM

NEW YORK (BLOOMBERG) - 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 US$897 million (S$1.2 billion) reserve fund to help finance global sports.

from
The Straits Times World News