Feb 17 • 05:13 UTC 🇫🇮 Finland Ilta-Sanomat

Olympic medalists in financial trouble – tough measures employed

Many Olympic medalists are facing financial difficulties, with some resorting to selling their medals or joining platforms like OnlyFans to fund their sports careers.

Many Olympic medalists find themselves in financial difficulty, as highlighted by a recent report. Athletes like American swimmer Ryan Lochte, who sold three gold medals for a substantial $385,520, reveal that the pressure and costs associated with pursuing an athletic career can be overwhelming. Despite the fame and financial rewards that come with Olympic success, many athletes struggle to sustain their livelihoods after retirement, often resorting to untraditional means like selling awards or joining subscription-based platforms like OnlyFans to support their careers.

German luge athlete and Olympic champion Lisa Buckwitz is one example of this trend, having turned to OnlyFans in 2024 to help cover her annual costs of approximately €50,000 associated with her sport. The situation reflects a broader issue within the sports community where the expenses of training and competition do not always correlate with the financial rewards of Olympic success. Tom Jackovic, CEO of the USA Track and Field Association, noted that many athletes dedicate over a decade to training for the Olympics, only to find themselves financially behind peers who have entered the workforce much earlier.

This ongoing challenge for Olympic medalists raises critical questions about the support systems in place for athletes after they have achieved their goals. It highlights the complexity of balancing the pursuit of excellence in sports with the economic realities that many face, often leaving them vulnerable and seeking alternative income sources to sustain their passion for athletics.

📡 Similar Coverage