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Olympics 2024: Sir Steve Redgrave criticises World Athletics’ transfer to offer prize-money to gold medallists | Olympics Information

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Olympic rowing legend Sir Steve Redgrave describes World Athletics’ resolution to award $50,000 for gold medallists in Paris 2024 the “mistaken course” for Video games

Final Up to date: 12/04/24 9:20am

Sir Steve Redgrave says World Athletics’ transfer “smacks a bit exhausting for the sports activities that may’t afford to do that”

5-time Olympic rowing champion Sir Steve Redgrave has described World Athletics’ resolution to offer prize cash to Olympic gold medallists as unfair to different sports activities that can’t afford to do the identical.

Athletics grew to become the primary sport to supply prize cash to Olympic champions when WA President Sebastian Coe introduced on Wednesday that gold medallists in Paris this 12 months will every earn $50,000 (£39,957).

The announcement was met with a Positive response from the world’s main athletes, with the $2.4 million prize pot to be break up among the many 48 gold medallists in Paris.

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A complete of $540m was allotted to the 28 sports activities on the Tokyo Video games with World Athletics receiving essentially the most at $40m.

Redgrave, who gained 5 successive Olympic gold medals between 1984 and 2000, mentioned the prize cash plan would flip the Olympics right into a “two-tier” system.

“In case you win an Olympic gold medal in any athletics occasion, you’ll be able to earn substantial monetary features from these outcomes,” the 62-year-old advised the Daily Mail in an interview.

“It smacks a bit exhausting for the sports activities that may’t afford to do that. Rowing is in that scenario.

“We wrestle bringing sponsorship and finance into it. This separates the elite sports activities to the others like rowing, canoeing and most fight sports activities.

“They only haven’t got the identical funding that there’s in World Athletics. I would favor that the cash they’re placing in to be serving to extra of the grassroots of their very own sports activities or serving to different Olympic sports activities to have the ability to be on the similar stage on the identical footprint.”

Redgrave added: “A lot of the different sports activities will not be capable to comply with this. You are making this right into a two-tier course of. That is to me the mistaken course.”

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