To go for the gold, these Olympians went into the red - News Summed Up

To go for the gold, these Olympians went into the red


“I put so many travel and training expenses on credit cards," Gardner said. His gold medal came with a $30,000 prize and earnings from speaking engagements and sponsorships, enough to clear his debts. Xiao played on the American table tennis team from 2004 to 2008. The U.S. Olympic and Paralympic Committee, or USOPC, awards $37,500 for a gold medal, $22,500 for silver and $15,000 for bronze. Then it’s time for cardio and table tennis practice until 10 p.m.Seidenfeld, the reigning gold medalist, has financial support—about $20,000 a year from the USOPC and USA Table Tennis combined.


Source: Wall Street Journal August 02, 2024 12:36 UTC



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