Financial windfall! That is what medal winners will enjoy at next
month’s World Swimming Championship in Kazan, Russia courtesy of world
swimming governing body, FINA.FINA in an email made available to Expdonaloaded blog disclosed that it had budgeted a whooping 5.5 million dollar for gold, silver and bronze medal winners as prize money.
The 16th FINA World Championships, is to be held from July 24 to August 9, 2015 in Kazan, Russia. According to the release, the first eight ranked competitors/teams in each event would be entitled to receive Prize Money, a substantial improvement from the previous edition of FINA’s major showcase, where only the best six in each final were rewarded.
The release stated in part: “By discipline, Swimming will distribute US$ 2.5 million, Open Water will provide US$ 420,000, Diving will give US$ 780,000, High Diving will share US$ 125,000, Synchronized Swimming will handle US$ 900,000 and Water Polo will reward up to US$ 720,000. Moreover, for the Swimming competition, a new World Record will now be worth US$ 30,000.”
It would be noted that FINA introduced a prize money policy for its World Championships from the 2007 edition in Melbourne (AUS), with only the medalists being rewarded. At the 2013 FINA World Championships in Barcelona (ESP), FINA had enlarged this distribution to the best six in each event (for a total of US$ 3.1 million), and from Kazan 2015 onwards the best eight (in High Diving, the first 14 men and first 12 women) would be compensated for their effort.
Speaking on the new prize money, FINA president Dr. Julio Maglione stated: “FINA’s strategy of re-investing in the Sport has dictated this improvement. Our World Championships generate great performances and we must award our Stars for their contribution to the enhancement of the Aquatics’ image worldwide. Going from US$ 3.1 million in 2013 to US$ 5.5 million in 2015 is also a proof that the value of our World Championships is steadily growing, being presently one of the most popular sport events in the planet.”
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