Olympic sports bodies criticized World Athletics for promising to pay $50,000 for each track and field gold medal won at the Paris Olympics. Last week’s move by the track body and its president Sebastian Coe broke tradition because the International Olympic Committee does not pay prize money, though many state governments and national Olympic bodies do.
“For many, this move undermines the values of Olympism and the uniqueness of the games,” the Association of Summer Olympic International Federations, known by the acronym ASOIF, said. It also fueled speculation about the IOC presidential contest next year when Thomas Bach's 12year limit expires. However, his allies want the Olympic Charter changed to let him stay while Coe turns 68 this year and could be stopped by age limit rules.
Coe, a two-time Olympic champion in the men’s 1,500m, pledged $2.4 million - $50,000 for each of 48 gold medals in track and field - from his sport’s share of the IOC’s multi-billion dollar income. WA got about $39.5 million from the IOC for the Tokyo Olympics held in 2021. Coe said the money acknowledged that “athletes are the stars of the show.”
“There has been consensus that Olympic revenues should, at least for the more commercially successful and financially independent IFs, be invested as a priority into development and integrity matters,” said ASOIF, based in the Olympic home city Lausanne, Switzerland.
The timing of Coe’s pledge also surprised many as it came one day after the ASOIF annual meeting, held in Birmingham, and he is a member of its ruling council.
