Tokyo 2020 Games budget to benefit from fresh reforms

[Photo: Courtesy]

The Tokyo 2020 Olympics will benefit from a fresh batch of International Olympic Committee (IOC) reforms, despite having already slashed their initial budget by roughly $2.5 billion (£1.8 billion), the IOC said on Tuesday.

The Games budget spiralled dangerously out of control a few years after Japan were awarded the event in 2013, forcing major revisions as potential future hosts, already concerned about the massive costs involved, were discouraged.