Browsed by
Category: The Money Smart Olympic Athlete

Life after the Olympics

Life after the Olympics

By Lazaros Ioannou, APC Sports Consulting Limited  Out of the 10.500 athletes that competed in the 2016 Olympics, a mere few hundred received a medal; even fewer are those who received substantial sponsorships which can support them financially after their retirement from sport. For most of the Olympic athletes, life after the Olympics means joining the workforce like everyone else. The case with Olympic athletes is that most of them receive very little funding throughout their career; life changing sponsorships…

Read More Read More

The role of National Sport Organizations in helping Olympic Athletes – The Canadian example.

The role of National Sport Organizations in helping Olympic Athletes – The Canadian example.

By Anna Kyprianou, Contributor “Success is where preparation and opportunity meet”, Bobby Unser The Olympic Games are considered the ultimate success for an athlete. Many athletes train every day for years just to earn their spot in the Olympic Games. Even though the hardships are many, the Olympic dream is always a shiny one. The biggest challenge for Olympic Athletes though is the competition for financing their Olympic training career. “Sometimes the competition that I face is not the competition…

Read More Read More

Is there a way to pursue an Olympic career and still be able to pay the bills?

Is there a way to pursue an Olympic career and still be able to pay the bills?

By Constantinos Massonos, Contributor  More than 10,000 athletes from all over the world have competed in the last Summer Olympics with the dream of winning a gold medal. While a small fraction of Olympians seizes the opportunity and becomes rich and famous following their dream, the majority is faced with the harsh reality of struggling to make ends meet on the road to the games. Getting a moment in the spotlight every four years, comes at a great cost: years of expensive training,…

Read More Read More

THE MARKETABILITY OF OLYMPIC ATHLETES

THE MARKETABILITY OF OLYMPIC ATHLETES

By Andreas Themistocleous, Contributor I probably don’t need to say this, but the Olympic Games are by far the greatest sporting event in the world, all matters taken into account. It embodies the values, principles and spirit of sports, as the world has come to know. Perhaps its greatest disadvantage, being held every four years, is at the same time its greatest asset. Once every four years, the greatest athletes come together to compete in a once-off opportunity for sporting…

Read More Read More

Problems faced by athletes who chase the Olympic glory

Problems faced by athletes who chase the Olympic glory

By Niovie Constantinou, Contributor Olympic athletes impress sports fans around the world. But the reality is that a lot of them often find themselves struggling financially, emotionally and physically before, throughout and after their Olympic journey. Many of the Olympic sports only come into the spotlight every four years and only a handful of the thousands of athletes competing in the Olympics will return home with medals. Even fewer will be financially rewarded for the tremendous investment they have had…

Read More Read More