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UCI registers CHF21.3m surplus as Tokyo 2020 sees revenues surge

Action from Izu Velodrome at the Tokyo 2020 Olympics. (Photo by Justin Setterfield/Getty Images)

The International Cycling Union (UCI) has registered a net surplus of CHF21.3m ($22.2m/€21.3m) in its latest annual report after the postponed Tokyo 2020 Olympics helped uplift revenues to CHF61.4m.

The result, which covers the 12-month period ending in December, means the federation made a CHF8.8m surplus over the elongated Tokyo 2020 cycle from the start of 2017 until the end of last year.

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