IOC Rules Out Extra Funding for Milan-Cortina

2nd May 2026

The 2026 Olympic Games faces a €300m shortfall but the International Olympic Committee has said it will not provide additional funding.

The shortfall comes from two directions.

Firstly there was more than €230m in additional costs, largely tied to construction delays and infrastructure issues.

Secondly there is a shortfall of around €80m from sponsorships, broadcast deals and ticket sales.

Under the Joint Marketing Programme Agreement, the shortfall will be covered by the stakeholders of the Fondazione Milano Cortina 2026:

• The Italian state
• The regions of Veneto and Lombardy
• The autonomous provinces of Trento and Bolzano
• The municipalities of Milan and Cortina

Rome is expected to cover half, with the rest split between regional and local authorities.

Read the full details on Inside the Games.

Cortina, 2026 Milan-Cortina Winter Olympics. Image © David Pearce/Team TB