Olympic athletes to get cash grants from new $100m fund created by IOC
Key takeaways
- Olympians from both the summer and winter games can apply for $10,000 grants after competing.
- The International Olympic Committee (IOC) pledged on Wednesday to pay up to $140m to athletes through the 2028 Los Angeles Summer Games by creating a fund for $10,000 grants, which they can apply for after competing.
- The IOC’s cash commitment came after growing calls were strongly resisted in recent years to pay prize money at the Olympics, and signalled another policy shift under its president, Kirsty Coventry.
Why this matters: an international story with cross-border implications worth tracking.
Olympians from both the summer and winter games can apply for $10,000 grants after competing.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo IOC president Kirsty Coventry and chair of the athletes' commission Pau Gasol, right, attend a news conference during an IOC session, in Lausanne, on June 24, 2026 [AFP]By APPublished On 24 Jun 202624 Jun 2026It’s not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a summer or winter games.
The International Olympic Committee (IOC) pledged on Wednesday to pay up to $140m to athletes through the 2028 Los Angeles Summer Games by creating a fund for $10,000 grants, which they can apply for after competing.