— Published March 7, 2022

Rising premiums for a record balance sheet

Australia

Australia

The Tokyo 2020 Games were the best since Athens 2004 for the Australian delegation, in terms of titles and podiums. The National Olympic Committee (AOC) will not complain, but the collective result recorded last year is not without consequences for its finances. The body chaired by John Coates announced this Monday March 7 that it had distributed the sum of 1,485 million Australian dollars (1,02 million euros at current prices) to 108 athletes as part of its “Medal Incentive Funding” (MIF) program. ). With 17 gold, 7 silver and 22 bronze medals at the Tokyo Olympics, 108 athletes from 15 disciplines will receive a check. The bonuses were set at $20.000 for gold, $15.000 for silver and $10.000 for bronze. The AOC program distributes financial aid based on medals obtained at the Olympic Games and at international benchmark events, such as the world championships in non-Olympic years. Athletes are only entitled to one payment, so multiple medalists are paid at the level of their best result, and every athlete in team events is entitled to funding. The Australian Olympic Committee has distributed more than $10 million in medal bonuses since the 2016 Rio Games.