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Prize money for the first time in the Olympics

by endroar
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Ko, who won gold in the 1500m at the 1980 Moscow and 1984 Los Angeles Olympics, said, 'I don't think that what the International Olympic Committee often says on the subject (giving prize money to the Olympics) is too inconsistent with the idea (giving prize money to the Olympics). It is indeed a recognition of the efforts of our athletes to make the Games a success as a whole.'

Ko told reporters that before making the announcement, the World Athletics Federation had informed the International Olympic Committee (IOC) about the awarding of money to the athletes. They did not discuss the matter with the IOC before this.

Asked where the total prize money of $2.4 million would come from, Ko said that the money would come from the IOC's grant to the World Athletics Federation every four years. The entire relay team will receive 50,000 dollars, which the athletes will divide equally among themselves. Athletes winning silver or bronze will not be awarded any prize money this time. However, they will also be awarded money from the 2028 Los Angeles Olympics, Ko said.

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