The IAAF has introduced prize money for Olympic gold medal winners.
Olympic gold prize Money If you win gold in the olympic games, now the prize money. World Athletics Organization announced. The IAAF has introduced prize money for Olympic gold medal winners.
The IAAF has introduced prize money for Olympic gold medal winners. It has also been announced that World Athletics will become the first international federation to award prize money at the Olympic Games. Athletes who win this year's Summer olympics in paris will be financially rewarded. $50,000 (€46,000) will be awarded to gold medalists at the 48 athletics events in Paris.
The $2.4 million in total prize money that World Athletics receives every four years comes from the international Olympic Committee's revenue share allocation. Each Olympic champion will receive $50,000 and relay teams will receive the same amount, shared among team members.
The prize money will be awarded to silver and bronze medal winners at the 2028 olympics in Los Angeles, the international federation said. In a statement released by World Athletics President Sebastian Coe, “The prize money for Olympic gold medalists has been introduced. It is an important moment for the World Athletics Championships and athletics as a whole, underlining our commitment to the development of athletes and recognizing their vital role.
We are determined to reward all three medal winners at the 2028 olympics in Los Angeles. We are now in a position to fund gold medal programs for athletes in Paris.” mentioned that. Adille Sumariwala, vice-president of the World Athletics Federation and President of the indian Athletics Federation, gave an interview to the Asianet news Network. Speaking then, he said, “This is a big effort. Athletes get cash rewards in World Champions, Diamond League, Continental Cup, etc. but the olympic games do not. World Athletics was the first international confederation to propose this. Of course, an Olympic gold medal is worth more than any amount of money, but it is a small token of our appreciation, love, and affection for what our athletes do.Fans throng to witness the achievements of athletes. This is our way of saying thank you.” He said. It should be noted that the paris olympic games are held from July 26 to august 11
