HomeNewsBusinessAquatics

Fina unveils prize money increase for World Championships

Fina, the global governing body of aquatic sports, has unveiled record prize money of nearly $5.5m (€4.9m) for its 2015 World Championships in Kazan, Russia.

At the 16th edition of the event, from July 24 to August 9, swimming will distribute $2.5m of the total, with open water swimming providing $420,000 and diving handing out $780,000. Synchronised swimming will distribute $900,000 and water polo will hand out $720,000, while the newest discipline, high diving, will award a total of $125,000.

Athletes who finish in the top eight of each discipline will be entitled to receive a share of the prize money, apart from in high diving, when the first 14 men and 12 women will be rewarded. The swimming competition will also offer a $30,000 bonus for any world records.

Fina introduced prize money at its 2007 World Championships in Melbourne, Australia, when only the medal-winners were rewarded. At the 2013 World Championships in Barcelona, Spain, Fina increased the hand-outs to the top six players in each event, with a total of $3.1m distributed.

“Fina’s strategy of re-investing in the sport has dictated this improvement,” Fina president Julio Maglione said. “Our World Championships generate great performances and we must reward our stars for their contribution to the enhancement of aquatics’ image worldwide. Going from $3.1m in 2013 to $5.5m in 2015 is also a proof that the value of our World Championships is steadily growing.”