In a historic announcement, World Athletics, the worldwide athletics federation introduced that they are going to develop into the primary worldwide federation to present money rewards to medal winners on the Olympic Video games.

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48 gold medal winners to be rewarded

A complete prize pot of US$2.4 can be utilized by them to reward 48 gold medal winners of athletics occasions on the upcoming Paris Olympics 2024. Every Gold medal winner will get $50000 in money (almost 42 lakh rupees). 

In Paris, solely the Gold medal winners will get the reward. Nonetheless, within the LA Video games 2028, the federation will reward the silver and bronze medal winners as effectively.

The relay groups will get the identical quantity of $50000 as effectively, to be shared equally among the many staff members.

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The athletes have to bear and clear the anti-doping course of

The prize cash can be awarded to the athletes solely after the World Athletics ratification course of, together with athletes present process and clearing the same old anti-doping procedures.

“The introduction of prize cash for Olympic gold medallists is a pivotal second for World Athletics and the game of athletics as a complete, underscoring our dedication to empowering the athletes and recognising the essential function they play within the success of any Olympic Video games,” World Athletics President Sebastian Coe expressed.

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“We began with the Olympic dividend funds to our Member Federations, which noticed us distribute an additional US$5m a yr on high of present grants aimed toward athletics progress tasks, and we at the moment are able to additionally fund gold medal performances for athletes in Paris, with a dedication to reward all three medallists on the LA28 Olympic Video games,” he added.