The International Olympic Committee (IOC) has set aside $800m (£656m) to help with the “severe” financial impact caused by the postponement of the Tokyo Olympics.
Organisers in Japan will receive $650m,and the remaining $150m will be split into loans for international federations and National Olympic Committees that are experiencing cash flow problems.
The 2020 Olympics, due to take place this summer, were postponed until the summer of 2021 because of coronavirus in March.
“The situation requires compromises, it requires sacrifices by everybody,” IOC president Thomas Bach said.
Bach refused to speculate on whether there would be a further delay or cancellation if a vaccine is not found before next year’s event.
“We are one year and two months away, so it’s way too early to draw any conclusions,” he said.
