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Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

author:Black Goose Chat Ball

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Black Goose Chat Ball Original

Russia will award generous prize money to all medal winners at the World Friendship Games in September. This record-breaking and eye-catching news has been hyped up by the media of various countries before. According to the latest reports from Russian media, President Putin signed the relevant decree of the Friendship Games yesterday, which has a clearer statement on the source, distribution and form of high bonuses, and other relevant information, of which three aspects of information are huge!

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

The first is the question of the source of the bonus. According to previous public information from a number of media outlets, the Friendship Games will set a precedent for the world's multi-sport events to award high prize money to athletes, with gold medalists receiving $40,000, silver medalists $25,000 and bronze medals $17,000. The competition will hold 208 events and 283 gold medals, so the total prize money is very high, which is a lot of money for the Russian organizers and the organizing committee. So where do the bonuses come from?

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

The official poster of the first World Friendship Games, showing the 36 major events of the Games

The decree signed by President Putin clearly states that the funds for the holding of the Friendship Games will come from the federal, regional and local budgets, as well as the gambling tax transferred to the organizers. Russia has been planning for the Friendship Games since the beginning of 2023 and will host it in the second half of the year, so it is preparing for the 2024 fiscal plan, and the eye-catching "betting tax" should be part of the mobility. According to the author's analysis, the government budget should be mainly used for the cost of hosting events, while the "betting tax" part is likely to pay for the high prize money of athletes.

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

Medal players are rewarded, and the Friendship Games are "one chess high"

Secondly, according to the decree signed by President Putin, the agreement on the hosting of the Friendship Games clearly stipulates that the international federations of individual sports may issue cash or other forms of prizes to the winners of the competitions. This highlights the essential difference between the IOC and the Olympic Games. Since its inception, the Olympic Games have been known for their "amateur nature", and the International Olympic Committee strictly prohibits the distribution of prize money to athletes.

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

IAAF President Sebastianko "unilaterally" announced that he would re-talk about the Paris Olympic champions with an average of $50,000 per person.

However, with the development of the times, this basic principle of the Olympic Games has been increasingly challenged by reality. The IAAF's latest reforms, which will award the Paris Olympic champion $50,000, have not even been formally discussed with the IOC. The Friendship Games can be called a "chess move", which not only pushes the IOC into an embarrassing "blind corner", but also can win the sympathy and even support of at least some international sports federations. (This article is the original of Black Russian Liaoqiu, exclusively for the exclusive use of today's headlines, plagiarists will have retribution!)

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

IBA President Klemlev is a leader in the trend of awarding athletes and one of the founders of the Friendship Games

The third message is even more meaningful. In what currency will the prize money be distributed? neither in US dollars nor in rubles, most likely in cryptocurrency. According to Russian media reports, Dmitry Pirog, first deputy chairman of the State Duma Sports Committee, said that the prize money paid to athletes at the Friendship Games will most likely be carried out in cryptocurrencies in order to avoid so-called international sanctions.

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

It is possible that the Friendship Games will use cryptocurrencies, pay prize money to athletes, and respond to Western sanctions

Due to the sanctions imposed on Russia by the Western camp led by the United States, if you accept money from the Russian banking system, it is very likely that you will be investigated and even your account will be seized, and even be subject to sanctions. Therefore, the Russian organizers and the organizing committee are currently inclined to pay the same amount of prize money in cryptocurrency, but the final decision has not yet been made. Giving out cash may also be an option, but there are also many inconveniences.

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

The Friendship Games will hold an official press conference in the near future to make an official announcement

All in all, the first World Friendship Games hosted by Russia to award high prizes to medalists is a brilliant move! It not only grasps the "shortcomings" of the IOC and the Olympic Games, but also hits the pain point in the actual development of world sports, and can win the support of more athletes, the attention of the media, and the attention of the audience. More importantly, according to Russian media reports, President Putin signed the relevant decree of the Friendship Games, there is such a finishing touch - the World Friendship Games represents a new form of international sports competition, supports the popularization of sports all over the world, and does not discriminate against any group of athletes!

Where did the Friendship Games big prize come from and how it was distributed Putin encouraged international associations to award beyond the Olympics

After reading the latest news that Russia will host the Friendship Games, how will the IOC react?

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