and a few people are receiving medals,
never mind the medals what do the participants receive in hard cash? well sometimes private businessmen will match values given by their countries Olympic Committee, such
as in Armenia where a man donated $700,000 to be added to the cash given by the
Olympic Committee for medals, another similar thing occurred for Belarus
athletes during the 2008 Beijing Olympics, those Belarusians who won any medal
in the Olympics that year not only got a cash prize ($100,000 for gold, $50,000
for silver, and $30,000 for bronze), but also were given free meat and sausage
for life from a local major meat company, Belatmeat, great way to advertise your
product by the way, while exact figures are hard to come by, as many Olympic
Committees don't make the numbers publicly known, some other countries whose
athletes are known to receive cash prizes for Olympic medals include:
Ukraine: $100,000 (gold) / $75,000 (silver) / $50,000
(bronze)
Canada: $20,000 (gold) / $15,000 (silver) / $10,000 (bronze)
Kyrgyzstan: $200,000 (gold)
Uzbekistan: $150,000 (gold)
Tajikistan: $63,000 (gold)
Italy: $182,000 (gold)
France: $65,200 (gold)
Russia: $135,000 (gold)
China: $31,400 (gold)
Germany: $19,500 (gold)
Ghana: $20,000 (gold)
Philippines: $237,000 (gold)
Australia: $20,000 (gold)
Thailand: $314,000 (gold)
interestingly, while Thailand offers that large prize of
$314,000 for gold medals, unlike most countries that award it in one lump sum,
they award it over a 20 year period in order that the athletes will be able to
have a stable income to help support themselves long term,
for those British athletes competing in the 2012 London
Games, they received exactly nothing from the Olympic Committee, except the medal and getting their
face on a stamp,
and a gold painted post box near where they live,
this one dedicated to David Weir, as Great Britain's Olympic Committee does not give cash
prizes, one has to ask will those winning for the UK this year receive any hard
cash, if not why not? as every other country seems to reward their
representatives so handsomely, what must be particularly galling for athletes that receive nothing, is the International Olympic Committee itself, a
non-profit organisation run by a "volunteer" president who gets an
annual "allowance" of US$251,000 and lives rent-free in a five-star hotel and spa in Switzerland, he and other cronies receive more than many medal winners for
just watching in 5 star luxury.
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