Armenian athletes winning gold medals in the upcoming Olympic Games in London would receive $700,000 each from Gagik Tsarukian, an influential businessman heading the National Olympic Committee, it was announced on Friday.
Derenik Gabrielian, the deputy chairman of the committee, said the hefty bonuses would be paid in addition to more modest financial rewards promised by the Armenian government.
The government has promised to pay Olympic champions 20 million drams ($48,000). Silver and bronze medalists would get 15 million drams and 10 million drams respectively. Their coaching staff and doctors would also be eligible for financial benefits.
Both the government and Tsarukian, who also leads the country's second largest parliamentary party, set the same rewards head of the last Olympic Games held in Beijing in 2008.
Armenian News
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