IOC to Pay Olympic Athletes Substantial Support, Including Those in Milano Cortina

The International Olympic Committee (IOC) has decided to implement a $10,000 grant for Olympic athletes, with the support extending retroactively to participants of the recent Milano Cortina Games. This decision was made during the IOC's plenary session in Lausanne.

A substantial fund of approximately $140 million per Olympic Games has been allocated to establish this grant. The program aims to support athletes both during their sporting careers and during transitions to post-athletic life. The creation of this fund was announced by Pau Gasol, the Chair of the IOC Athletes' Commission.

This initiative represents a significant commitment by the IOC to provide financial assistance and stability to athletes who dedicate themselves to the Olympic movement. The retroactive application ensures that athletes who competed in Milano Cortina will also benefit from this new support system, acknowledging their contributions and future needs.