Malaysia: More Incentives Await Paris Olympics Gold Medal Winners

MELAKA (Malaysia), July 13 (Bernama) -- Incentives for national athletes who win gold medals at the 2024 Paris  Olympics are expected to increase as more parties come forward to offer rewards, said Malaysia Youth and Sports Minister Hannah Yeoh.

She said these contributions provide an opportunity for private companies to encourage and support national athletes who reach the podium at the quadrennial multi-sports extravaganza.

"For the government, it remains at RM1 million (for gold medal winners), but now private companies are contacting the Fast Track Road To Gold (RTG) committee to offer rewards to athletes who bring home gold medals. However, these rewards will be announced later by the committee," she said.

The government offers a reward of RM1 million for athletes who win gold medals at an Olympics under the Sports Victory Prize Scheme (SHAKAM). Silver and bronze medal winners will be rewarded RM300,000 and RM100,000 respectively.

Previously, the media had reported that national athletes who bring home medals from the Paris Olympics will receive a brand new foreign car as a reward.

The Paris Olympics is scheduled to take place from July 26 to Aug 11.

-- BERNAMA