Does The Gold Olympic Medal Affect Financing of Sports Federations in the Czech Republic?
Vol.8,No.1(2014)
This article considers funding of Czech national sports federations aimed at representing the Czech Republic at major international sporting events in those sports that are successful in Olympic Games. In the initial part of the article the tally of the medals earned by Czech athletes at the Summer and Winter Olympic Games from 1996 to 2012 is listed. Next, the model of redistribution of government financial sources to various sports federations from 1999 to 2010 is given. Thirdly the funding of successful sports federations (namely athletics, canoeing, sport shooting, skiing and speed skating) in order to represent the Czech Republic at major international sporting events is analysed. Finally, the conclusion of the most important factors that influence the particular amount of support that flows from the Czech government to single sports federations is made.
Olympic medal; sport; financing; Sports Federation
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