Olympic athletes to get cash grants from new $100m fund created by IOC
Summary
The International Olympic Committee (IOC) has created a $100 million fund to give cash grants of $10,000 directly to athletes after the Olympic Games. Athletes who competed in the 2026 Winter Games and those who will compete in the 2028 Los Angeles Summer Games can apply for these grants if they meet rules like not doping.Key Facts
- The IOC will pay about $140 million in total grants by the 2028 Olympics.
- Grants of $10,000 each will go to eligible athletes after the Games.
- Nearly 2,900 athletes from the 2026 Milan Cortina Winter Games can apply first.
- Around 11,000 athletes at the 2028 Los Angeles Games will be eligible later.
- Athletes must meet certain integrity rules, such as no positive doping tests.
- The funds are not considered official Olympic prize money.
- The program supports athletes whether or not they continue their sports careers.
- IOC President Kirsty Coventry, herself an Olympian and gold medalist, supports this new strategy.
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