Elite athletes receive funding boost from IOC
Tyrone Smith, Arantxa King, Roy-Allan Burch, Tyler Butterfield and Flora Duffy will each receive $1,000 per month as part of the IOC’s Olympic Solidarity Programme.
The Bermuda Olympic Association announced that the London Olympians would be the recepients of the grant yesterday.
“To perform at the elite level requires an athlete to commit himself or herself to almost full-time training and coaching, which requires a substantial financial commitment,” Judy Simons, the BOA president, said. As of December 1 of last year, the five athletes will each receive $1,000 per month, paid quarterly, until 31 August of this year.
Olympic Solidarity is the IOC commission responsible for administering and managing the National Olympic Committees’ share of the broadcast rights from the Olympic Games.
It redistributes funds through programmes according to the needs and priorities of the NOC and their continental associations. Athletes’ programmes are structured to enable the NOC’s to provide technical and financial assistance to athletes at all levels who are preparing for international competitions.