The Tokyo Olympics will need a public bailout of about $800m if the games are held behind closed doors, as organisers delay a decision on domestic spectators to the last possible moment.
Recent budgets show the Tokyo 2020 organisers are still assuming full stadiums. Having already spent the billions of yen raised from ticket sales, a new subsidy from taxpayers would be the only way to finance refunds, according to a Financial Times analysis of organising committee accounts.
With Japan’s government determined to press ahead and hold the games from July 23, the decision of whether to allow local fans into the stadiums has become one of the biggest controversies surrounding the Olympics.
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