World Athletics introduces $50,000 prize money for Olympic gold medallists | Paris Olympic Games 2024

[ad_1]

World Athletics has damaged 128 years of Olympic custom – and set itself on a possible collision course with the Worldwide Olympic Committee – by asserting that it’ll grow to be the primary worldwide sports activities to provide athletes cash for profitable a gold medal on the Video games.

Beginning in Paris this summer time, monitor and discipline athletes who win gold in every of the 48 occasions may also stroll away with $50,000. World Athletics have additionally promised to increase the money prizes to Olympic silver and bronze medal winners on the LA 2028 Video games.

The choice is especially putting on condition that the IOC has by no means awarded cash for collaborating or profitable a medal on the Olympics – arguing that to compete at a Video games is reward sufficient.

In a press release explaining his determination, World Athletics president Seb Coe stated it was proper that his federation handed on $2.4m of the cash it will get from the IOC each 4 years to reward athletes.

“The introduction of prize cash for Olympic gold medallists is a pivotal second for World Athletics and the game of athletics as a complete, underscoring our dedication to empowering the athletes and recognising the vital position they play within the success of any Olympic Games,” he stated.

“Whereas it’s not possible to place a marketable worth on profitable an Olympic medal, or on the dedication and focus it takes to even symbolize your nation at an Olympic Video games, I feel it will be significant we begin someplace and ensure among the revenues generated by our athletes on the Olympic Video games are straight returned to those that make the Video games the worldwide spectacle that it’s.”

Fast Information

How do I join sport breaking information alerts?

Present

  • Obtain the Guardian app from the iOS App Retailer on iPhone or the Google Play retailer on Android by looking for ‘The Guardian’.
  • If you have already got the Guardian app, ensure you’re on the newest model.
  • Within the Guardian app, faucet the Menu button on the backside proper, then go to Settings (the gear icon), then Notifications.
  • Activate sport notifications.

Thanks on your suggestions.

Coe stated he had not spoken to the IOC president Thomas Bach in regards to the determination. “However I hope they might welcome it,” he stated, mentioning that the IOC additionally invested a reimbursement into sport. “The world has modified, and it’s actually vital that the place doable we give cash to athletes.”

skip past newsletter promotion

Requested whether or not profitable a gold medal needs to be sufficient, and whether or not paying athletes may go in opposition to the Olympic spirit, Coe added: “I don’t assume it does. If I assumed athletes had been solely competing for a monetary pot, I would take a special view. However the world has modified and that is only a recognition we are able to make a contribution throughout all our 48 disciplines. And as we develop as a sport I wish to improve that pot.”

[ad_2]

Source link