2024-07-30 13:22:11
INTRODUCTION – If the State will pay a prize for its athletes who finish on the stadium, some medalists may also be paid by their international governing body, or even by their sponsors.
Already more than fifteen goals for the Blues in three days of the Olympic Games in Paris. Beyond the glory of an Olympic podium for medal-winning athletes, they will also receive a monetary reward. At each Olympic Games, the State provides financial support to French athletes who finish in one of the first three places in their discipline. “For these games in Paris, the State has decided to significantly increase the amount of funds”Sports economy notes Christophe Lepetit, head of economic studies at the Center for Sports Law and Business (CDES) in Limoges. Without a doubt a way to encourage French athletes to perform, but above all to a better game for the athletes that make the French image shine worldwide.
Now, a gold medalist at the Paris Games will receive 80,000 euros. If the charm is silver, it will cost 40,000 euros. And 20,000 euros for bronze. Against a series of 65,000 euros, 25,000 euros and 15,000 euros during the Tokyo Games in 2021. In total, the cost of the costs to the medalists is estimated at 18.64 million euros in the 2024 budget (PLF ). Sports. “No higher state bonuses”, refers Christophe Lepetit. Please note that Paralympic athletes will receive the same awards as Olympic athletes.
And these bonuses are paid individually or collectively, depending on the discipline. In other words, if the gold medalist Pauline Ferrand-Prévot will receive 80,000 euros, the French men’s rugby sevens team, which is also a gold medalist, will have to share 80,000 euros the. In addition, bonuses cannot be combined. Swimmer Léon Marchand, previously titled in the 400m competition, will not be able to receive more than 80,000 euros from the State, even if he succeeds in his bet of winning four individual gold medals. “These bonuses are also taxable, they are not net of tax, spec-investor Christophe Lepetit. So it is possible for the athletes to spread their value over the four years of the Olympiad.
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More than 700,000 euros in Hong Kong
As the International Olympic Committee (IOC) does not set any rules, these state awards vary greatly depending on the country. In Europe, the prize for the most generous country goes to Serbia, which offers 200,000 euros for a gold medal, as well as a monthly pension paid from the age of 40. Italy also offers a large financial incentive (180,000 euros for the Olympic champion title). In the world, it is in Hong Kong that the gold medal is the most expensive (707,000 euros), in front of Singapore (687,000 euros for each Olympic champion). On the other hand, other countries do not reward believers with any gift, such as Sweden, Norway or New Zealand.
Alongside these prizes paid by the Government, the French athletes who win the medal will be able, for some, to receive a prize from the international association of their discipline. Last April, the sports organization, World Athletes, announced that it will pay a prize of 50,000 US dollars (or approximately 46,000 euros) to the 48 gold winners from the Paris Games. A first in Olympic history. “This decision has raised eyebrows, because for some it is not compatible with the Olympic spirit.”, Christophe Lepetit reported. The sport’s governing body at world level has been emulated by its boxing counterpart, the IBA, despite being excluded from the Olympic team. This is intended to award each gold, silver and bronze medal with 100,000, 50,000 and 25,000 dollars (or approximately 92,000, 46,000 and 23,000 euros). These amounts will be divided between, on the one hand, the boxer, who will receive half of the sum, and, on the other, his trainer and his national federation.
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Bonuses from sponsors
Finally, medal-winning athletes may also be compensated by their sponsors. “It’s completely individual. Only athletes who have individual sponsors can receive any prizes, not all of them have them., observes sports economist Christophe Lepetit. And yet, it is often only the biggest countries that have the means to reward their athletes. In any case, these insights remain confidential. We can also imagine that the biggest stars of French sport, like Léon Marchand, Louis Vuitton ambassador, or judoka Teddy Riner, head of the “Athletes” of the Decathlon, have succeeded in monetizing their fame – and the gold medal of it is possible.
Like LVMH or Decathlon, but also FDJ, Sanofi, Danone, Carrefour or the BPCE group, to name a few, many big companies have their “team” of athletes, who they support and support, both financially and apparatus. But not all of them necessarily pay prizes in the event of a medal. For example, in FDJ, “We are part of the long term rather than a bonus system”We made a statement from the leader in the game, which has had its own collective of athletes since 1991. In any case, the French medalists will have after the game, in addition to beautiful beauty above their fireplace, a little good bank account
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