The International Olympic Committee (IOC) announced the creation of a $100 million fund that will provide cash grants directly to Olympic athletes, a landmark move in the distribution of Olympic revenue. The decision was made during the 146th IOC Session in Lausanne, Switzerland, on June 24, 2026.
Historic Shift in Athlete Compensation
IOC President Kirsty Coventry confirmed the fund, stating, "This is a historic moment for athletes. For the first time, they will receive direct financial support from Olympic revenues." The grants aim to assist athletes with training, living expenses, and career transitions.
The fund will be sourced from IOC revenues, including broadcasting rights and sponsorships. Details on eligibility and distribution mechanisms are expected in the coming months.
Impact on Athletes and Olympic Movement
Athletes have long advocated for a larger share of Olympic profits. The new fund addresses concerns about financial insecurity, especially for those from smaller nations or less-funded sports. The IOC estimates that over 10,000 athletes could benefit from the program.
"This changes everything for us," said a representative from the Athletes' Commission. "We can now focus on performance without worrying about basic needs."
