Thursday , 25 April 2024

Research about the cost of winning an Olympic medal

The value of an Olympic medal – the costs to the Israeli State of bringing an athlete to the Olympics, and what is the importance of this achievement – was discussed at the seminar organised by the Olympic Committee of Israel in cooperation with the Olympic Academic Studies Centre at the Zineman College of the Wingate Institute.

The panel of experts calculated that an athlete who wins an Olympic Medal is estimated at an average of $ 1 million for an Olympic campaign. The seminar was divided into sessions during which other subjects were discussed; such as: the value of an Olympic medal in light of the changes in global sports; links between diplomacy and sports; international economic models for determining the value of an Olympic medal; and a panel discussing on the nominal cost of winning an Olympic medal.

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