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International Federations are now coming forward to seek early payment from the International Olympic Committee (IOC) for revenues that were expected from the postponed Tokyo 2020 Olympic Games.

Among them is World Athletics. President Sebastian Coe is currently in talks with the IOC about payment of approximately $40-million dollars.

“We work in that four-year business cycle and not having those revenues in the that we were planning means that we have to be very careful,” Coe told the Financial Times.

Tokyo 2020 will happen one-year later in 2021. It was postponed due to the Coronavirus pandemic.

In some jurisdictions, an easing back into regular life is happening including in China where the outbreak began and Italy, the second hardest-hit nation as well as the US, the hardest hit.

To date, 3, 677,788 positive tests have been recorded. The virus has caused 253, 974 deaths globally, while 1,212, 333 people have recovered.

SHOESTRINGS: European Athletics President Svein Hansen is apparently in stable condition after suffering from a stroke in March. Apparently, according to doctors, Hansen faces a long recovery period. Hansen is in the second year of his second term as president. The Norweigan celebrated his 74th birthday on May 6.