Handsome Reward For German Medallists, Finalists At Rio Olympics

Reward to “promote the development of talent” for the future, not to “reward Olympic success”: German Sports Aid.

1 min read
(Photo: Reuters)

German medallists at the Rio Olympics will be rewarded to promote the development of talent, the German Sports Aid (DSH) foundation has announced.

According to DSH, the Olympic champion will receive 20,000 euros (Rs 15 Lakhs Approximately) as prize money, runner-ups 15,000 (Rs 12 Lakhs Approximately) and bronze medallists 10,000 (Rs 8 Lakhs Approximately), while finalists will have bonus from 5,000 (Rs 3.5 Lakhs Approximately) for the fourth place to 1,500 euros (Rs 1.1 Lakhs Approximately) for eighth place finishers, reports Xinhua.

The reward will also be used for the Paralympic Games in Rio, from September 7 to 18, and is the same as the one used for the 2014 Winter Olympics in Sochi.

The only exception in Rio are the German men’s and women’s football teams who will receive a team bonus of 720,000 euros from the German Football Association (DFB) if they claim the Olympic champions title.

Michael Ilgner, head of the DSH foundation, said on Monday that the bonus is not to “reward Olympic success”, but to “promote the development of talent” in preparing for the future.

The DSH paid out a total of 1,336,875 euros to Germany’s medallists for the 2012 London Olympic Games.

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