Japan's National Audit Board released a report on Friday suggesting the Tokyo Olympics is likely to cost $9.7 billion in addition to the $12.6 billion that organizers are claiming the event's price tag will be, AP reports.
Why it matters: Only $5.6 billion in private money is allocated to fund the Olympics. The remainder of the funds will come from taxpayers across the country, the city of Tokyo and other government bodies, according to AP.
Southeastern Conference (SEC) football will no longer partner with CBS after its contract expires following the 2023 season, and will likely move to ESPN/ABC, Sports Business Journal reports.
The state of play: CBS reportedly made an aggressive bid for college football's most-watched TV package, offering about $300 million per season, but network executives decided they would rather invest the money into airing other sports, per the Sports Business Journal.
