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Armenia Offer Big Cash Incentives To Athletes

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  • Armenia Offer Big Cash Incentives To Athletes

    ARMENIA OFFER BIG CASH INCENTIVES TO ATHLETES

    Gulf Today
    July 24 2012
    UAE

    YEREVAN: Grachia Rostomyan, Armenia's National Olympic Committee
    (NOC) secretary general, on Monday announced cash incentives for the
    country's medal winners at the upcoming London Olympics.

    Armenia's NOC will pay any Olympic gold medal winner $100,000 (82,000
    euros) while silver medalists will pocket $75,000. Bronze medalists
    will receive $50,000.

    Rostomyan said the country's government will also give the Games
    medalists an additional cash bonus of $50,000, $37,000 and $25,000
    for gold, silver and bronze respectively.

    Meanwhile, the NOC president Gagik Tsarukyan, a leading businessman
    and head of the "Prosperous Armenia" party, said he was ready to pay
    a $700,000 bonus to every country's Olympic gold medal winner.

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