IOC will not sign off on Tokyo's US$20 bil. budget for 2020 gamesTOKYO -- Calling Tokyo's proposed US$20 billion budget unacceptable, IOC Vice President John Coates urged Japanese organizers on Friday to find ways to make the 2020 Olympics more affordable. "The IOC is not in a position to accept a budget of US$20 billion," Coates said at a news conference. "The IOC just isn't going to sign off on a budget which we think exceeds the costs that the games could be staged for. Five new sports — baseball-softball, surfing, skateboarding, karate and sports climbing — were approved for inclusion in the Tokyo Games in August.

Source: The China Post December 02, 2016 16:06 UTC