World Athletics breaks tradition, to pay prize money for Olympic golds

In a notable move, World Sports has reported plans to grant prize cash at the forthcoming Paris Olympics, denoting whenever a global league first will do as such at the Games.

Gold medalists across the 48 sports occasions in Paris will get a significant amount of $50,000 (£40,000) each.

"While competitors are frequently paid by supporters and the Olympic practice of beginner contests has since a long time ago been entrusted to history, the choice by olympic style events' global body to pay prize cash addresses a significant shift for the Games," said World Sports president Sebastian Coe.

Coe stressed the significance of perceiving competitors' endeavors, which attract tremendous viewership to Olympic transmissions. "I don't completely accept that this is from a distance at fluctuation with the idea that the Worldwide Olympic Council frequently discusses, which is perceiving the endeavors that our rivals make for the general outcome of the Games," Coe said.

He explained that the choice was made autonomously by World Sports, with negligible earlier counsel with the Global Olympic Panel (IOC). "It's a matter for the game. The one thing the IOC has reliably perceived is the power of worldwide alliances to design their own prospects," Coe added.
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