World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists

Daily Current Affairs / World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists

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Category : Sports Published on: April 15 2024

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World Athletics will award $50,000 cash prize to gold-winning track and field athletes at the Paris Olympics 2024.
This marks the first instance of an international sports governing body offering prize money to Olympic gold medalists.
A prize pot of $2.4 million, sourced from the IOC's revenue share allocation, will fund the awards.
The initiative aims to recognize athletes' contributions and empower them, according to World Athletics President Sebastian Coe.
World Athletics plans to extend the bonus initiative to silver and bronze medalists at the Los Angeles 2028 Olympic Games.