IOC Boss Slams World Athletics’ Prize Money For Paris 2024

International Olympic Committee (IOC) President Thomas Bach suggested that World Athletics should prioritise funding to support athletes at the grassroots level rather than offering prize money to gold medal winners at the Paris Olympics.

World Athletics’ decision breaks with 128 years of Olympic tradition, where each medallist would receive €46,000.

“The money should be used for the development of the sport,” said Bach in an interview with the BBC. “The measure affects 48 athletes out of the 2,000 who will compete.” Sebastian Coe defended the decision to award prize money, saying, “These are changing times. The sport is not the same today as it was decades ago. That has nothing to do with it. And that is why it is time to make changes.”

World Athletics has announced that a total of $2.4 million (€2.2m) has been set aside from the money it receives every four years from the IOC to reward athletes who win a gold medal in each of the 48 athletics events in Paris. Specifically, they have indicated that their allocation will be €46,000.

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Bach attempted to justify his criticism of what Coe and World Athletics believe is appropriate for today’s world. “The role of international federations, in our view and in the view of all other international federations, is to develop their sport worldwide. And to give the best possible opportunities to all athletes in their member federations: To give them the best training conditions, the best facilities, to at least narrow the gap between athletes from more privileged countries and athletes from less privileged countries,” Bach told the BBC.

World Athletics, for its part, defended its stance, saying, “We understand that we already redistribute the income that we receive from the IOC to the member federations through the Grant for Growth.”

However, Bach has now issued his most forceful rebuttal yet to the historic plan by world athletics, claiming that they should be spending the money on the development of their sport worldwide.