Tokyo 2016 Bid Committee In The Red
Mainichi reports the Tokyo 2016 bid committee is expected to be more than 100 million yen in the red, and the Tokyo Metropolitan Government has asked the Japanese Olympic Committee (JOC) to cover a portion of the shortfall.
Tokyo Governor Shintaro Ishihara told Mainichi Monday, "it's out of the question to say that the JOC has no responsibility. The JOC should endeavour to bear some of the burden".
The bid committee reportedly had a budget of 10 billion yen in public funds for three years ending in October and the metropolitan government hopes to avoid adding more public monies, reports Mainichi.
The JOC told Mainichi that it had received the request, and that "we want to help with what we can". But the working group appointed by the government to eliminate wasteful spending is considering a cut to the JOC's budget.
The metropolitan government is studying how to make up for a budget shortfall.Write or read comments about this article
|Bid Status:||Rio won bid|
|Bid Date:||October 2, 2009|
|Bid Location:||IOC Congress in Copenhagen Denmark|
|Description:||This is Tokyo's first bid since hosting the Games in 1964. Osaka was Japan's last bid for the 2008 Games and Japan last hosted the Winter Games in Nagano in 1998. With an appealing and compact city-centre venue plan, Tokyo is a bid to watch.|
|Bid Book:||Link To Bid Book|
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