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."



Antonelli Named as Hamilton’s Replacement at Formula 1's Mercedes

Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
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Antonelli Named as Hamilton’s Replacement at Formula 1's Mercedes

Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)

Teenager Kimi Antonelli has been named as Lewis Hamilton’s replacement next year at Mercedes, a day after his Formula One debut ended in the 18-year-old driver hitting the wall.
Antonelli took over for George Russell in the opening practice session for Sunday’s Italian Grand Prix at Monza.
But his much-anticipated first appearance lasted fewer than six laps, and only 10 minutes, after he lost control of his Mercedes at the Parabolica, sliding backwards through the gravel and into the tire barrier.
Team principal Toto Wolff said Saturday the crash would have no impact on Antonelli’s F1 chances, and confirmation of his elevation as a junior driver with the team was confirmed ahead of final practice at his home event.
“It is an amazing feeling to be announced as a Mercedes works driver alongside George for 2025,” said Antonelli. “Reaching F1 is a dream I’ve had since I was a small boy."