Athletics’ Olympic Prize Money Plan Unfair to Other Sports, Redgrave Says

 This photograph taken on April 10, 2024, shows a detail of the headquarters of the Paris 2024 Olympics and Paralympics Organizing Committee (Cojo), in the Saint-Denis suburb of Paris. (AFP)
This photograph taken on April 10, 2024, shows a detail of the headquarters of the Paris 2024 Olympics and Paralympics Organizing Committee (Cojo), in the Saint-Denis suburb of Paris. (AFP)
TT

Athletics’ Olympic Prize Money Plan Unfair to Other Sports, Redgrave Says

 This photograph taken on April 10, 2024, shows a detail of the headquarters of the Paris 2024 Olympics and Paralympics Organizing Committee (Cojo), in the Saint-Denis suburb of Paris. (AFP)
This photograph taken on April 10, 2024, shows a detail of the headquarters of the Paris 2024 Olympics and Paralympics Organizing Committee (Cojo), in the Saint-Denis suburb of Paris. (AFP)

World Athletics' (WA) decision to give prize money to Olympic gold medalists is unfair to other sports that cannot afford to do the same, Britain's five-times Olympic rowing champion Steve Redgrave said.

Athletics became the first sport to offer prize money to Olympic champions when WA President Sebastian Coe announced on Wednesday that gold medalists in Paris this year will each earn $50,000.

The announcement was met with a positive reaction from the world's leading athletes, with the $2.4 million prize pot to be split among the 48 gold medalists in Paris.

A total of $540 million was allocated to the 28 sports at the Tokyo Games with World Athletics receiving the most at $40 million.

Redgrave, who won five successive Olympic gold medals between 1984 and 2000, said the prize money plan would turn the Olympics into a "two-tier" system.

"If you win an Olympic gold medal in any athletics event, you are able to earn substantial financial gains from those results," the 62-year-old told the Daily Mail in an interview published on Thursday.

"It smacks a bit hard for the sports that can't afford to do this. Rowing is in that situation. We struggle bringing sponsorship and finance into it. This separates the elite sports to the others like rowing, canoeing and most combat sports.

"They just don't have the same funding that there is in World Athletics. I would prefer that the money they're putting in to be helping more of the grassroots of their own sports - or helping other Olympic sports to be able to be at the same level on the same footprint."



Thailand Aims for F1 Street Race in 2028 After Domenicali Talks 

Formula One CEO Stefano Domenicali (L) speaks to Thailand's Prime Minister Paetongtarn Shinawatra (R) during a meeting at the Government House in Bangkok on March 18, 2025. (AFP)
Formula One CEO Stefano Domenicali (L) speaks to Thailand's Prime Minister Paetongtarn Shinawatra (R) during a meeting at the Government House in Bangkok on March 18, 2025. (AFP)
TT

Thailand Aims for F1 Street Race in 2028 After Domenicali Talks 

Formula One CEO Stefano Domenicali (L) speaks to Thailand's Prime Minister Paetongtarn Shinawatra (R) during a meeting at the Government House in Bangkok on March 18, 2025. (AFP)
Formula One CEO Stefano Domenicali (L) speaks to Thailand's Prime Minister Paetongtarn Shinawatra (R) during a meeting at the Government House in Bangkok on March 18, 2025. (AFP)

Thailand's Prime Minister Paetongtarn Shinawatra met Formula One chief Stefano Domenicali on Tuesday and said the government would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.

Formula One already has a crowded schedule of 24 races around the world with four in the Asia-Pacific region, including the Singapore Grand Prix in Southeast Asia.

Thailand has an FIA accredited track in Buriram in the northeast of the country, which currently hosts a round of the MotoGP motorcycling world championships, but the proposal is for a street race in the kingdom's capital.

"We had the opportunity to discuss the opportunity of Thailand to host the Formula 1 race, which is a great sport with a worldwide following," the Thai Prime Minister posted on X after the meeting with Domenicali at Government House.

"The government confirmed that it will study this joint investment, including the study of the race route, the investment budget, and the value for Thailand to receive from hosting the race."

Paetongtarn said she thought hosting a race would be an opportunity to upgrade Bangkok's infrastructure -- the city's roads are notoriously clogged -- and attract more tourists from abroad, particularly visitors in the "high-end" market.

"I believe that all Thai people will benefit from organizing this event, whether it is large-scale infrastructure investment, job creation, new income generation, and importing new technologies and innovations," she added.

"I am confident that this project will be successful. It is another important opportunity for the country to organize a world-class event."

Formula One chief executive Domenicali also posted a statement on X, describing the plans for a Bangkok race as "impressive". "I am looking forward to continuing our discussions in the weeks and months ahead," the Italian added.