LAUSANNE — Offering prize money at the Olympic Games was unfair and was shown at the Paris Games to favor a small number of elite athletes to the detriment of others, the International Olympic Committee said Tuesday.
In a taboo-busting move that sparked hugely mixed reactions, World Athletics president Sebastian Coe announced prize money of $50,000 for every track and field winner at the Paris Olympic s.No other sports federation pays prize money at the Olympic s. IOC spokesman Mark Adams said that the IOC 's executive board had discussed the topic of prize money distribution, raised by International Federations and athletes' representatives, on the first day of a meeting in Lausanne.
At the Paris Games, Adams said, 'if all the medallists, athletes and teams from all the sports were rewarded, it'd be about 1,000 athletes and teams who would benefit'.'They mostly come from what you might call the well funded and privileged National Olympic Committees. 65 percent of the individual medallists and teams winning medals are from 15 NOCs who were on top of the medal tally.'It would only increase the existing inequalities even further...
Prize Money 'Unfair' Favors Elite IOC
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