International Sports Federations Criticize World Athletics’ Decision to Award Prize Money at Paris Olympics

In a controversial move, World Athletics has announced that gold medallists in athletics events at the upcoming Paris Olympics will receive a prize of $50,000 (£39,400). This decision has sparked criticism from the Association of Summer Olympic International Federations (ASOIF), who argue that awarding prize money at the Olympics undermines the values of Olympism and the uniqueness of the Games.

ASOIF, representing a group of international sports federations, expressed concerns about the move, stating that putting a price on an Olympic gold medal goes against the principle of solidarity and raises questions about the values of the Games. They believe that Olympic revenues should be invested in development and integrity matters, rather than awarded as prize money.

Despite the backlash, World Athletics defended their decision, emphasizing their commitment to empowering athletes and recognizing their contribution to the success of the Olympic Games. They explained that the prize money comes from the IOC’s revenue share allocation and is a way to give back to the athletes who make the Games a global spectacle.

The debate over awarding prize money at the Olympics has divided opinions within the sports community. While some former athletes praised World Athletics’ initiative, others, like the head of cycling’s governing body the UCI and the head of the British Olympic Association, criticized the move, fearing it could create a two-tier Olympics.

As the countdown to the Paris Olympics continues, the controversy surrounding the decision to award prize money to gold medallists in athletics events is likely to persist. The clash between tradition and modernization in the world of sports raises important questions about the future of the Olympic Games and the values they represent.