The President of the International Olympic Committee (IOC) dines with billionaires and dictators, jets around the world, and lives in a luxurious six-star hotel – while American Olympians are not even given a salary.
The IOC generates $7.6 billion in quadrennial revenue, which is the same amount as the GDP of Tonga, Seychelles, Bhutan, and the Maldives – combined.
Despite the enormous rivers of gold that flow through the IOC’s coffers, 58% of Olympians report that they did not consider themselves financially stable – with the vast majority living at or below the poverty line.
Olympians Are Not Paid Enough for What They Do
Despite training for years, dedicating their lives and their bodies to the Olympic mission, most Olympians are not given a salary.
Instead, they are driven into debt.
The IOC doesn’t provide monetary rewards to Olympic medalists; the prize money comes – if at all – from the Olympian’s country. American Olympians aren’t even provided with a salary.
Comparatively, the Wimbledon tennis competition offers millions to each singles tournament winner, with the athletes who lose in the first round taking home double the amount of prize money that gold-medal-winning US Olympians receive.
No Prize Money
A Better Deal for Athletes
Enhanced will deliver a high-impact yet cost-efficient games, so we can share the profits with the athletes, based upon a model devised by the Enhanced Athletes Commission.
The Olympic Games generate substantial revenues almost unparalleled across the sporting world – to the tune of $7.6 billion in quadrennial revenue. Yet, these streams of gold don’t trickle down to the athletes whose shoulders the Olympics rest upon; a 2012 study by former Olympic athletes found that just 6 percent of the US Olympic Committee’s $795 million expense budget actually goes to athletes as cash payments.
A Smarter Alternative for Host Cities
The costs of hosting the Olympic Games have skyrocketed over the past 20 years; a growing number of economists argue that the benefits of hosting the games are at best exaggerated and at worst nonexistent, according to the Council on Foreign Relations. Further, the average cost of hosting each Summer Games is, on average, 252 percent over budget, according to a 2016 study from the University of Oxford.
*Just on Infrastructure
These crushing costs are fronted by you, the taxpayer.
The Enhanced Games will be delivered without cost to the taxpayer, and will instead cost millions – not billions – to deliver.
The Enhanced Games will be a triumph of science, athletic achievement, and capitalism, bringing sport back to its true roots.
See our Event Plan to learn more.