Olympics: IOC opts for stability, money as Tokyo lands 2020 Games

Olympics: IOC opts for stability, money as Tokyo lands 2020 Games

BUENOS AIRES - The International Olympic Committee was in no mood for new adventures when it picked Tokyo as the host of the 2020 summer Olympics, opting for a "safe pair of hands" that could also boost its finances.

Tokyo beat Turkish metropolis Istanbul in a landslide vote after Madrid were eliminated in the first round, taking the world's biggest multi-sports event back to Asia for the first time since the Beijing 2008 Games.

While Istanbul officials were left licking their wounds after their fifth failed bid in the last six votes, Tokyo were vindicated for a strategy which saw them highlight their solid finances and strong track record of delivering on promises.

The Japanese capital also dangled $4.5 billion in front of the IOC a year before the vote, saying the money for the Games was "in the bank."

"You described yourself as a safe pair of hands and as a surgeon even if I did not vote, this would appeal to me," IOC President Jacques Rogge told Japanese Prime Minister Shinzo during the contract signing ceremony after the vote.

Tokyo will now host the Games for a second time since 1964 while Istanbul, hoping the IOC would again go to unchartered waters after giving the Olympics to Rio de Janeiro and to South America for the first time, go away empty handed.

"All three bids were strong bids," IOC Executive Board member John Coates told Reuters. "But Tokyo's bid was very, very good for athletes, the concentration of venues there is very good."

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