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Each German Olympic champion at Rio to be rewarded 20,000 euros

Xinhua, April 25, 2016 Adjust font size:

German medalists at the Rio Olympic Games will be rewarded to promote the development of talent, the German Sports Aid (DSH) foundation announced here on Monday.

According to DSH, the Olympic champion will receive 20,000 euros as prize money, runner-ups 15,000 euros and bronze medalists 10,000 Euros, while finalists will have bonus from 5,000 for the fourth place to 1,500 for eighth place finishers.

The reward will be used for the Paralympic Games in Rio, from September 7 to 18, and is the same as the one used for the 2014 Winter Olympics in Sochi.

The only exception in Rio are the German men's and women's football teams who will receive a team bonus of 720,000 Euros from the German Football Association (DFB) if they claim the Olympic champions.

Michael Ilgner, head of the DSH foundation, said the the bonus is not to "reward Olympic success", but to "promote the development of talent" in preparing for the future.

The DSH paid out a total of 1,336,875 euros to Germany's medallists for the 2012 London Olympic Games. Endit