Olympic track and field gold medalists are about to receive prize money for the first time ever
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
0mins
Source: CNBC
- World Athletics President Defends Prize Money for Gold Medalists: Sebastian Coe justifies paying prize money to track and field gold medalists at the Paris Olympics, emphasizing the importance of compensating athletes who contribute to revenue streams through their performances.
- Criticism and Support Surrounding Prize Money Initiative: While athletes welcomed the move, some sports bosses criticized it, claiming it detracts from the spirit of the games. Coe's decision to award $50,000 to gold medalists is part of a broader strategy to recognize competitors and provide financial stability for athletes and their families.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
