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Olympic Games not just financial, it’s spiritual, says Lord Sebastian Coe, president of World Athletics – ABC News

President of World Athletics, Lord Sebastian Coe, says the financial cost of a cancelled Olympics would be devastating, but that is not the main reason the Olympics…

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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.

  • 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…

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