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)
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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."



Sancho Joins Chelsea on Loan from Manchester United

Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
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Sancho Joins Chelsea on Loan from Manchester United

Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights

Chelsea have signed English winger Jadon Sancho from Manchester United on a season-long loan deal, British media reported on Saturday.

Sancho joined Chelsea on the final day of the transfer window, with a deal sheet being submitted to the Premier League to sign him after the 11 p.m. deadline had passed.

The BBC reported Chelsea have an obligation to make the move permanent for a fee of 20 million-25 million pounds ($59.1 million).

According to Reuters, Sancho joined United in 2021 from Borussia Dortmund on a five-year contract, but had a public falling-out with manager Erik ten Hag last year which led to him returning to Dortmund on loan in January this year until the end of the season.

The 24-year-old made a substitute appearance in United's penalty shootout defeat by Manchester City in the Community Shield earlier this month but was not included in Ten Hag's squad for their two opening league games.

Sancho made 83 appearances for United, scoring 12 goals and has played 23 times for England. He was one of the players who failed to convert a penalty in the Euro 2020 final shootout which England lost to Italy.

Chelsea host Crystal Palace in their next league game on Sunday.