• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, November 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

IOC Boss Slams World Athletics’ Prize Money For Paris 2024

by Toby Moses
1 year ago
in Olympics, Sport
IOC
Share on WhatsAppShare on FacebookShare on XTelegram

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.

Advertisement

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.”

Advertisement

 

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.

 

RELATED NEWS

NFF Never Handled $1.19m FIFA Stadium Funds – Dikko

PFAN Task Force Denounces NSC Chairman’s Claims On FIFA Funds As ‘Misleading’

Dikko, Olopade, Dare Daniel Among Honourees As SWAN Marks 60th ersary

Iwobi Backs Super Eagles For World Cup Redemption

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.

 

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

FCT FA Boss Congratulates Dikko As New Chairman Of Reinstated NSC
Sport

NFF Never Handled $1.19m FIFA Stadium Funds – Dikko

4 hours ago
PFAN Task Force Denounces NSC Chairman’s Claims On FIFA Funds As ‘Misleading’
Sport

PFAN Task Force Denounces NSC Chairman’s Claims On FIFA Funds As ‘Misleading’

4 hours ago
No Longer Business As Usual, Dikko Tells Federations’ Presidents
Sport

Dikko, Olopade, Dare Daniel Among Honourees As SWAN Marks 60th ersary

4 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Ex-Reps Member Baballe Ila Dumps APC For ADC

31 minutes ago

No Casualties As Warri-Itakpe Train Derails In Agbor

53 minutes ago

MK Nureni Dedicates SWAN Award To Nigerians, Says It Gives Him Hope

4 hours ago

NFF Never Handled $1.19m FIFA Stadium Funds – Dikko

4 hours ago

PFAN Task Force Denounces NSC Chairman’s Claims On FIFA Funds As ‘Misleading’

4 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.