Britain's world champion swimmer Matt Richards believes every athlete should be financially rewarded for taking part in the Olympics
Britain's world champion swimmer Matt Richards believes every athlete should be financially rewarded for taking part in the Olympics– has raised concerns over the number of athletes who could be tempted away from their respective sports for greater financial reward.
“If you go to a World Championships and break a world record, World Aquatics will pay you $30,000 . If you do the Enhanced Games – break a world record there, which is obviously easier because you’ve cheated – you get $1m. While the IOC generated more than £6bn in revenue during the last Olympic cycle, World Aquatics is still reeling from the pandemic years, having recorded a $16m deficit at the close of 2022.
Retired Australian James Magnussen has already pledged to return to competition for the first time since 2019 in a bid to break the 50m freestyle world record – in exchange for $1m. World Athletics recently prompted debate by announcing it will break with 128 years of tradition to become the first Olympic sport to pay gold medal winners $50,000 at the Paris Games this summer.
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