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 believe that awarding prize money undermines the values of Olympism and the uniqueness of the Games.

ASOIF, which represents a group of international sports federations, expressed their concerns in a statement, 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 argue that Olympic revenues should be invested in development and integrity matters, rather than being awarded as prize money.

Despite the backlash from ASOIF, World Athletics defended their decision, emphasizing their commitment to empowering athletes and recognizing their contribution to the success of the Olympic Games. They believe that returning some of the revenues generated by athletes back to them is important in acknowledging their role in making the Games a global spectacle.

Former athletes praised World Athletics’ decision to award prize money, with President Lord Coe announcing that the initiative will be extended to silver and bronze medallists at the 2028 Games. However, not everyone is on board with this move, as critics like the head of cycling’s governing body the UCI and the head of the British Olympic Association (BOA) believe it goes against the Olympic spirit and risks creating a two-tier Olympics.

As the debate continues, it remains to be seen how this decision will impact the future of the Olympics and the values they represent.