General
Olympic Games not just financial, it’s spiritual, says Lord Sebastian Coe, president of World Athletics
The president of World Athletics says he is concerned for the wellbeing of athletes as they prepare for the delayed Tokyo Olympic Games amid the “rumours” of cancellation.
Key points:
- Sebastian Coe remains confident the Games will go ahead
- Television rights deals provide 75 per cent of the Games’ revenue, with 90 per cent paid after the Games
- The cost of organising the Games has ballooned to more than $20 billion.
Lord Sebastian Coe, who is also a current IOC member and former UK member of Parliament, said he would not buy into any discussion around a political divide in Japan after London’s Times newspaper reported Tokyo was looking for a way out of hosting the Games.
“As a former politician I’m long enough in the tooth to know you don’t…
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