IOC scraps 130 years of tradition by paying athletes $10,000 grants at Olympics
IOC sets up £106m fund for all athletes at GamesMilano-Cortina competitors will be first to be paidThe International Olympic Committee has broken with 130 years of tradition by deciding to pay athletes to compete at the Olympic Games. The IOC revealed on Wednesday it had set up a $140m (£106m) fund that would pay a “fit for the future” grant of $10,000 to every athlete who competes in a Summer or Winter Games, starting with the 3,000 who took part in Milano-Cortina.The grant will then be paid to the 11,000 athletes at the Los Angeles Games in 2028 and for all future Olympics. Continue reading...
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IOC sets up £106m fund for all athletes at Games
Milano-Cortina competitors will be first to be paid
The International Olympic Committee has broken with 130 years of tradition by deciding to pay athletes to compete at the Olympic Games. The IOC revealed on Wednesday it had set up a $140m (£106m) fund that would pay a “fit for the future” grant of $10,000 to every athlete who competes in a Summer or Winter Games, starting with the 3,000 who took part in Milano-Cortina.
The grant will then be paid to the 11,000 athletes at the Los Angeles Games in 2028 and for all future Olympics.
Continue reading...
