IOC seeks clarifications on financial security of Stockholm's bid for 2026 Winter Olympics

Lausanne: The International Olympic Committee (IOC) said Wednesday it had asked Stockholm for clarifications over financial backing for its bid to stage the 2026 Winter Olympics.

 IOC seeks clarifications on financial security of Stockholms bid for 2026 Winter Olympics

Representational image. Reuters

Just days before the IOC votes on Monday on whether to award the Games to Stockholm/Are or rival Italian bid Milan/Cortina d'Ampezzo, it wants more information from the Swedish bid, according to Christophe Dubi, the IOC's sports director.

"We received a number of non-binding letters of intent and guarantees, these do not represent binding commitments and therefore put Olympic village delivery at risk," said a letter that the IOC sent to the Stockholm bid on 14 June and seen here by AFP.

A spokesperson for the Stockholm bid told AFP the exchange of letters was nothing out of the ordinary, saying: "We have an ongoing, positive and constructive dialogue with the IOC -- both in mails and in letters."

Dubi said the exchanges concerned improving the bids after the IOC's Evaluation Commission reports released on 24 May identified flaws.

"As usual, it is about fine-tuning," he said.

With budgets of around $1.5 billion (€1.3 billion) the two bids are 20 percent lower that the bids for the 2018 and 2022 Games, according to the commission reports.

Updated Date: Jun 19, 2019 21:24:45 IST