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'About time': Olympians set for new cash prize

Australian Olympic legend Dawn Fraser has commended the move to pay gold medallists at the Paris Olympics.

World Athletics (WA) will become the first international sports governing body to award prize money to Olympic gold medallists starting at Paris 2024, the federation said in a statement.

A prize pot of $2.4 million has been set aside by WA from the International Olympic Committee’s (IOC) revenue share allocation it receives every four years to reward athletes.

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Fraser said such an initiative can only help athletes realise their dream and give them an opportunity to focus solely on their quest for gold, which wasn’t the case.

Fraser, who won eight Olympic medals, including four gold and became the first woman to swim 100 metres freestyle in less than one minute in 1962, stated that without the help of wealthy donors, Australia’s swimmers would be detrimentally impacted.

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