One of the biggest hurdles for athletes on the Paris Olympic path: Money
7 months, 1 week ago

One of the biggest hurdles for athletes on the Paris Olympic path: Money

Al Jazeera  

Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket. How to train and cover one’s costs and many athletes have turned to platforms like GoFundMe in order to fund their Olympic journey. Associations including USA Swimming, US Taekwondo and US Rowing offer small stipends for athletes training for the Olympics primarily after they have qualified for the national team. That is when, in theory, organisations like the US Olympic and Paralympic Committee divide up the revenue and distribute it on its level to training programmes and athletes. Meanwhile, the US Olympic committee had a net revenue of $61.6m – the second-highest on record, according to the organisation’s 2022 financial disclosures.

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History of this topic

Olympic prize money ‘unfair’, favours the elite, says IOC
3 weeks ago

Olympic prize money ‘unfair’, favours the elite, says IOC

The Hindu  

Offering prize money at the Olympic Games was unfair and was shown at the Paris Games to favour a small number of elite athletes to the detriment to others, the International Olympic Committee said on Tuesday. IOC spokesman Mark Adams said that the IOC’s executive board had discussed the topic of prize money distribution, raised by International Federations and athletes’ …

Olympians are turning to OnlyFans to fund dreams amid as they decry a 'broken' finance system
4 months, 2 weeks ago

Olympians are turning to OnlyFans to fund dreams amid as they decry a 'broken' finance system

The Independent  

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Diamonds, meatballs and motors: How Olympians can win more than medals
4 months, 2 weeks ago

Diamonds, meatballs and motors: How Olympians can win more than medals

The Hindu  

While the International Olympic Committee does not give prize money to winners at Paris 2024, many nations and territories offer incentives to their athletes to come home with gold, silver or bronze. Jordan When athlete Ahmad Abu Ghaush won the country's first-ever gold medal – the men's 68 kg division in Taekwondo in Rio – the national Olympic committee gave …

Olympics 2024: How much money do athletes win for gold, silver and bronze?
4 months, 3 weeks ago

Olympics 2024: How much money do athletes win for gold, silver and bronze?

The Independent  

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World Athletics launches new ‘Ultimate Championship’ with record $10m prize pot
6 months, 3 weeks ago

World Athletics launches new ‘Ultimate Championship’ with record $10m prize pot

The Independent  

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World track body creates biennial championships with bigger cash prizes as potential Olympics rival
6 months, 3 weeks ago

World track body creates biennial championships with bigger cash prizes as potential Olympics rival

Associated Press  

GENEVA — Track and field announced a new global championships on Monday and promised $150,000 prizes — three times its recent cash pledge to champions at the Paris Olympics — for gold medalists. World Athletics said the first Ultimate Championships will be hosted in Budapest from Sept. 11-13, 2026 showcasing Olympic, world and Diamond League champions over three evening sessions. …

Olympic boxers handed prize money boost for winning medals at Paris 2024
6 months, 3 weeks ago

Olympic boxers handed prize money boost for winning medals at Paris 2024

The Independent  

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IBA to offer prize money to all boxing medallists at Paris Games
6 months, 3 weeks ago

IBA to offer prize money to all boxing medallists at Paris Games

The Hindu  

The boxing governing body, International Boxing Association, declared rogue by the International Olympic Committee, said Wednesday it will pay USD 50,000 in prize money to each gold medalist at the Paris Games. The IBA said it has a USD 3.1 million prize money fund for each male and female boxer who reaches the quarterfinals in 13 total weight classes, plus …

Olympics boss distances himself from athletics prize money move
7 months, 4 weeks ago

Olympics boss distances himself from athletics prize money move

New Indian Express  

LAUSANNE, SWITZERLAND: The head of the International Olympic Committee distanced himself from a taboo-busting move from World Athletics' governing body to offer prize money to gold medallists at this year's Paris Olympics. During an exclusive interview with AFP, IOC boss Thomas Bach made it clear that he thought international sports federations like World Athletics should be focused on reducing inequalities …

Paris 2024 Olympics: ASOIF express concerns over athletics prize money
8 months ago

Paris 2024 Olympics: ASOIF express concerns over athletics prize money

The Hindu  

The Association of Summer Olympic International Federations has expressed its concern over the decision by World Athletics to introduce prize money for Olympic gold medallists and said on Friday that it was not consulted. On April 10, athletics became the first sport to offer prize money for Olympic champions, beginning in Paris this year, but the announcement by World Athletics …

Olympic sports bodies criticize track and field’s move to pay $50,000 for Paris gold medalists
8 months ago

Olympic sports bodies criticize track and field’s move to pay $50,000 for Paris gold medalists

Associated Press  

GENEVA — Olympic sports bodies criticized World Athletics on Friday for promising to pay $50,000 for each track and field gold medal won at the Paris Olympics. Last week’s move by the track body and its president Sebastian Coe broke with tradition because the International Olympic Committee does not pay prize money, though many state governments and national Olympic bodies …

Paris 2024: World Athletics prize money move creates problem, says British Olympic Association chief
8 months, 1 week ago

Paris 2024: World Athletics prize money move creates problem, says British Olympic Association chief

The Hindu  

World Athletics has created a problem by announcing that gold medallists at the Paris Olympics will receive cash prizes, according to British Olympic Association chief Andy Anson. Criticism has followed World Athletics President Sebastian Coe’s pledge to pay gold medal winners in Paris 50,000 USD with Anson the latest to question the end of a 128-year tradition. “They create a …

$50k for gold as Coe takes athletics down a different track
8 months, 1 week ago

$50k for gold as Coe takes athletics down a different track

China Daily  

A Paris 2024 Olympic and Paralympic Games' athletics track of two shades of purple manufactured by Mondo Sports Flooring is installed next to the Stade de France stadium in Saint-Denis near Paris, France, March 24, 2024. Track and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying on Wednesday it …

$50k for gold as Coe takes athletics down a different track
8 months, 1 week ago

$50k for gold as Coe takes athletics down a different track

China Daily  

A Paris 2024 Olympic and Paralympic Games' athletics track of two shades of purple manufactured by Mondo Sports Flooring is installed next to the Stade de France stadium in Saint-Denis near Paris, France, March 24, 2024. Track and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying on Wednesday it …

World Athletics introduces prize money at the Olympics; Paris winners to get $50,000
8 months, 2 weeks ago

World Athletics introduces prize money at the Olympics; Paris winners to get $50,000

The Hindu  

Track and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying Wednesday it would pay $50,000 to gold medalists in Paris. World Athletics President Sebastian Coe told reporters that the move is meant "to recognize that the revenue share that we receive is in large part because our athletes are …

World Athletics unveil £1.89m prize pot for Paris track and field gold medals
8 months, 2 weeks ago

World Athletics unveil £1.89m prize pot for Paris track and field gold medals

The Independent  

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Track and field introducing prize money at Olympics; Paris Games gold medallists to get $50,000
8 months, 2 weeks ago

Track and field introducing prize money at Olympics; Paris Games gold medallists to get $50,000

The Hindu  

Track and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying Wednesday it would pay $50,000 to gold medallists in Paris. The governing body of athletics said it was setting aside $2.4 million to pay the gold medallists across the 48 events on the track and field program for this …

Track and field introducing prize money at Olympics with Paris gold medalists to get $50,000
8 months, 2 weeks ago

Track and field introducing prize money at Olympics with Paris gold medalists to get $50,000

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Track and field is set …

Track and field becomes first sport to pay prize money at Olympics. Paris gold medalists get $50,000
8 months, 2 weeks ago

Track and field becomes first sport to pay prize money at Olympics. Paris gold medalists get $50,000

Associated Press  

Track and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying Wednesday it would pay $50,000 to gold medalists in Paris. World Athletics President Sebastian Coe told reporters that the move is meant “to recognize that the revenue share that we receive is in large part because our athletes are …

Track and field becomes first sport to pay prize money at Olympics
8 months, 2 weeks ago

Track and field becomes first sport to pay prize money at Olympics

Al Jazeera  

In an Olympic first, gold medalists at the Paris 2024 Games will receive pay for play. Track and field is to become the first sport to introduce prize money at the Olympics with World Athletics saying it will pay $50,000 to gold medalists in Paris. The governing body of athletics said it is setting aside $2.4m to pay the gold …

Olympic track and field gold medalists to receive prize money from World Athletics for first time
8 months, 2 weeks ago

Olympic track and field gold medalists to receive prize money from World Athletics for first time

New York Times  

Track and field gold medalists in this summer’s Paris Olympics will receive $50,000 in prize money from the sport’s governing body, marking the first time an international federation has paid athletes for Olympic success. World Athletics, the international governing body overseeing track and field, said Wednesday a $2.4 million pot will be distributed across the 48 track and field events, …

Olympic sports bodies want talks with IOC on threats from adding cricket and others to 2028 program
1 year, 1 month ago

Olympic sports bodies want talks with IOC on threats from adding cricket and others to 2028 program

The Hindu  

Olympic sports bodies want urgent talks with the IOC about the risk of cuts in their revenue shares and medal events at the 2028 Los Angeles Games because cricket and other newcomers were added to the program. The International Olympic Committee last month approved cricket, baseball/softball, flag football, lacrosse and squash for 2028 and kept boxing, modern pentathlon and weightlifting …

Paris Olympic organizing head says budget ‘under control’ a year ahead of 2024 Games
1 year, 5 months ago

Paris Olympic organizing head says budget ‘under control’ a year ahead of 2024 Games

Associated Press  

PARIS — The operating budget for the Paris Olympics is “under control,” the president of the organizing committee said Tuesday. With one year to go before the opening ceremony, organizing committee president Tony Estanguet said partnership deals are on track, with 22 new sponsors joining since the start of the year. It’s obviously the first time that a sporting event …

China spends billions on Olympics with longer-term goal
2 years, 10 months ago

China spends billions on Olympics with longer-term goal

Associated Press  

GENEVA — The finance model for the Winter Olympics calls for the host country to spend several billion dollars, the IOC to earn a couple billion, and sports bodies to share around hundreds of millions. “It will inspire over 300 million Chinese to participate in winter sports if we win, which will contribute greatly to the development of the international …

China spends billions on Olympics with longer-term goal
2 years, 10 months ago

China spends billions on Olympics with longer-term goal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It will inspire over 300 million Chinese to participate …

IOC gets official look at simplification for Tokyo Olympics
4 years, 2 months ago

IOC gets official look at simplification for Tokyo Olympics

The Hindu  

The IOC and local organisers are trying to “simplify” the postponed Tokyo Olympics, promising to save money in what one study says is already the most expensive Summer Olympics on record. Also largely untouched will be the opening and closing ceremonies, the heavily READ: Vaccines won’t be ‘silver bullet’ for staging Olympics Some of the proposed cuts listed in a …

U.S. Olympic & Paralympic Committee finances in peril with Tokyo Games delayed
4 years, 4 months ago

U.S. Olympic & Paralympic Committee finances in peril with Tokyo Games delayed

LA Times  

The Olympic rings in front of the International Olympic Committee headquarters in Lausanne, Switzerland. Tax records and other financial statements show the U.S. Olympic & Paralympic Committee operated at a $54-million deficit in 2019 — a worrisome number given the additional losses the organization will suffer from the coronavirus shutdown this year. The USOPC opened its books to the public …

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