International Olympic Committee to pay all Olympians $10,000

The International Olympic Committee (IOC) has decided to award a $10,000 stipend to every athlete participating in the Olympic Games. The decision was made during a meeting in Lausanne on Wednesday.

This financial support, equivalent to approximately 8,800 euros at the current exchange rate, aims to compensate athletes for their travel expenses related to the Games. The IOC's decision is retroactive, meaning athletes who competed in the Milan-Cortina Games held last winter will also receive this sum.

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This is the result of long work.

Emma Terho, who led the IOC's Athletes' Commission from 2021 to 2026, described the decision as the result of extensive work. She stated that the IOC prefers to provide a modest sum to all athletes rather than large amounts to only medalists. "The income level of those who reach the medal podium may be better anyway, but for many participants, that amount is significant," Terho said.

For Finland, with 103 accredited athletes in the last Winter Olympics, the total payout amounts to $1.03 million, or about 910,000 euros. This initiative reflects the IOC's commitment to supporting a broader base of athletes, acknowledging the financial demands of Olympic participation.

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The IOC prefers to provide a modest sum to all athletes rather than large amounts to only medalists. The income level of those who reach the medal podium may be better anyway, but for many participants, that amount is significant.