Record Funding Boost for Australian Olympic Sports
Record Funding Boost for Australian Olympic Sports
Record Funding Boost for Australian Olympic Sports
News summary

Australia's Olympic sports and athletes are set to receive a substantial financial boost of $489 million over two years, aiming to surpass their 17 gold medals from Tokyo in 2021, with a focus on the upcoming Paris Games and Brisbane 2032. In track and field, significant cash prizes are being introduced, including a $2.4 million prize pool in Paris and the launch of a new track league by Michael Johnson with $12.6 million in prizes, aiming to bridge the gap between top athletes and others. These initiatives mark a crucial financial infusion into the sports, offering lifelines to athletes and enhancing the sport's competitiveness and recognition post-Usain Bolt era.

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