Olympics-Federations' finances hit by Tokyo delay, but no bankruptcy fears

FILE PHOTO: A bird flies in front of the giant Olympic rings, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, January 22, 2021. REUTERS/Kim Kyung-Hoon

BERLIN (Reuters) - The 28 Olympic sports federations have taken a big financial hit due to the postponement of the Tokyo Olympics by a year, but even if the Games were cancelled they would not be at risk of bankruptcy, the executive director of the international federations' association said.

The 2020 Games have been rescheduled for July after being put off due to the coronavirus outbreak, though there remains a risk they could be cancelled if the pandemic worsens.