U.S. Olympic swimmers float on cash

0

“Americans love to swim: 93 million people do so and spend $1.4 billion on suits every year. For professional swimmers, this means both lucrative sponsorship and a deep-pocketed support organization — USA Swimming raises about $100 million a year, from its nearly 300,000 members’ registration fees, taking a share of about a sixth of that money for its own revenue. Much like running, swimming is a sport in which the elites are supported by the hobbyists. The cut from member registration — about $16 million in 2011 — keeps the elites afloat.” Lochte is set to earn about $2.3 million this year, read more here no CNN Money.

Advertisements

About Author

Production engineer and certified swim coach. Full-time IT consultant, spare-time swimming aficionado. 2 sons, 2 daughters and a wife. President of the Faroe Islands Swimming Association. Likes to run :-)

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close