Record Funding Boost for Australian Olympic Sports

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.