Day one of the 146th International Olympic Committee (IOC) Session has produced what many members described as a historic breakthrough for athletes, as International Olympic Committee President, Kirsty Coventry, unveiled a new athlete grant programme that will provide direct financial support to Olympians for the first time in Olympic history.

The International Olympic Committee has committed to paying more than $100 million directly to athletes

The IOC revealed on Wednesday it had set up a £106m fund that would pay a “fit for the future” grant of $10,000 to every athlete

LAUSANNE, Switzerland: It’s not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games. The International…

The International Olympic Committee, which has been under growing pressure to introduce prize money to the Olympics, on Wednesday announced it was setting up a grant for every…

The money will come from the IOC, with about 14,000 athletes expected to be eligible for the $140 million available per Olympic cycle.

Day one of the 146th International Olympic Committee (IOC) Session has produced what many members described as a historic breakthrough for athletes, as International Olympic…

The International Olympic Committee has decided to provide athletes competing in the Olympics with a $10,000 participation grant per person instead of prize mon

Following intense scrutiny, the International Olympic Committee has agreed to pay $US10,000 to every athlete who competes at an Olympic Games. Is it the first step towards proper…

IOC head Kirsty Coventry, who has consistently opposed paying athletes, says the US$140m put aside will not affect funding to national bodies.