Why has Petronet LNG Limited (PETRONET) performed so strongly recently - Free Growth Investment Group

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Why has Petronet LNG Limited (PETRONET) performed so strongly recently ✌️【Stock Picks】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Many gold medalists from this year’s Olympics in Paris will be enjoying vast bonuses and gifts in reward for their athletic achievements. However, a【 - Free Growth Investment Group 】 Sportanalysis has found that many of their Paralympic colleagues are being paid less to the tune of hundreds of thousands of dollars.

In many countries, National Olympic and Paralympic committees (NOCs and NPCs, respectively) and governing bodies are separate entities and govern their respective sports differently than their counterparts. For example, the United States has one body – the US Olympic and Paralympic Committee (USOPC) – while Australia has two – theAustralian Olympic CommitteeandParalympics Australia. Similarly, World Athletics and World Para Athletics are distinct bodies governing able-bodied track and field and para track and field respectively.

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【 - Free Growth Investment Group 】 reached out to Olympic and Paralympic authorities from every nation competing at this year’s Games in Paris – some like Great Britain prohibit or do not allow awards to be given to athletes – and sourced data from reliable local reporting where available. At least 42 countries awarded gold medalists over $100,000 after the Paris Olympics, meanwhile, only 23 countries and Taiwan awarded their Paralympic champions bonuses of this size.

“Looking across the world, it is very disappointing that nations place such a varying importance on the funding of their athletes and that the profile and opportunity for para-athletes is often overlooked,” Sarah Storey, Great Britain’s most successful ever Paralympic athlete, told 【 - Free Growth Investment Group 】 Sport.

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Paralympic gold medalists from Hong Kong areawarded HK$1.5 million(around $190,000). While generous, it is 75% smaller than the bonus given to Olympic gold medalists from the city state. Silver Olympic medalists are given considerably larger bonuses – HK$3 million (around $386,000) – than gold Paralympic medalists from Hong Kong.

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【 - Free Growth Investment Group 】 reached out to the Hong Kong Paralympic Committee, Vietnamese Paralympic Committee and Singapore National Paralympic Committee for comment but has not heard back.

Of the 205 nations and territories competing at Paris 2024, 【 - Free Growth Investment Group 】 identified at least 74 nations that allow prize money for their Olympic champions, only 30 of which award Olympic and Paralympic champions equal bonuses. 【 - Free Growth Investment Group 】 was only able to identify 55 countries where prize money was pledged to Paralympic medalists. There are at least 10 nations – including Great Britain, Bangladesh, Iceland, Norway and Yemen – that don’t offer financial rewards to either Olympic or Paralympic gold medalists.

On top of the rewards provided to medalists by individual nations and Olympic bodies, World Athletics (WA) provides gold medalists in Olympic track and field events$50,000 in prize money. This isn’t the case for Paralympic gold medalists.

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Despite that, nine-time British Paralympic gold medalistHannah Cockroft told Sky Sportsthat the discrepancy was “frustrating” and called for parity.

“It’s tough seeing the Olympic guys get the money from World Athletics and then we can’t replicate, it’s frustrating” she told the British broadcaster. “That would really pay for my wedding quite well. Ultimately, I do this because I love it. We want parity and that’s what we push for every time.”

Ian Brittain, an academic at Coventry University and an expert in the study of Paralympic sport, told 【 - Free Growth Investment Group 】 that the differences in rewards “clearly sends a message of ‘less than.’”

Brittain added the differential between Paralympic and Olympic champions “reinforces much of the other systemic and structural discrimination disabled people encounter on a daily basis that makes their lives both more difficult and more expensive than most non-disabled people.”

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Companies and individuals in many nations lauded their Olympic champions with gifts varying from the extremely generous, to the eccentric.

In addition to a cash reward of 30 million pesos (over $535,000), Filipino gymnastCarlos Edriel Yulowasreportedly rewardeda set of headlights, free ramen and colonoscopies for life, university credits and a condo after winning gold at the Paris Olympics.

Despite the disparity in financial bonuses, Paralympic athletes from around the world also returned home to a wide variety of gifts.

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In Romania, Olympic medalistscame home to Hyundaisgifted from billionaire Ion Țiriac, while Paralympic medalists received Toyotas when they returned from Paris, Sally Lamont, the president of Romania’s National Paralympic Committee confirmed.

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Canada is one of the more recent nations to adopt this approach, with the Canadian Olympic Committee and the Canadian Paralympic Committeeannouncing in January 2024that both sets of athletes would be awarded CA$20,000 (around $14,500) for a gold medal.

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Latvia’s Paralympians used to receive half the medal bonus of their Olympic counterparts, but they have been equal since the London 2012 Games – with itsthree gold medalistsearning €142,288 (around $150,000) each in Paris 2024.

Lithuanian Paralympic champions currently receive a bonus of €83,875 (around $94,000), which is exactly half what Olympic champions from the nation received. The Head of Communications for the Lithuanian Paralympic team, Donatas Gribauskas, told 【 - Free Growth Investment Group 】 Sport that the organization plans to equalize bonuses between Paralympic and Olympic champions in the near future. However, it has not been decided if this will be achieved by increasing Paralympic bonuses or by decreasing bonuses for Olympic gold medalists.

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Double gold medal-winning Australian Paralympian Timothy Hodge told 【 - Free Growth Investment Group 】 Sport that the country’s move to equalize prize money was “an incredible step in recognizing us as equals to our Olympic counterparts,” adding that it “validates both the significance of our achievement and the work we put in to becoming the best in our chosen sport.”

However, he emphasized that this move did not mean he believed a parity of support had been achieved.

“To my knowledge and understanding, there are still large inequalities in the funding and support provided to para programs when compared to our Olympic counterparts, particularly in private organizations and governing bodies,” he told 【 - Free Growth Investment Group 】.

“As a para-athlete to openly see our Olympic counterparts receiving more support and funding, it is very discouraging and disappointing, and often makes us feel like second class citizens in sport.”

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“The new and increased investment into Paralympic sport means Para-athletes within the high-performance system will actually have higher levels of funding per athlete than able bodied athletes,” they added.

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British athlete Storey tells 【 - Free Growth Investment Group 】 that Team GB’s approach is actually “more helpful” because it’s “easier to budget and work out what additional contribution you need to find through sponsorship or working alongside.”

British athletes, both Olympic and Paralympic,receive fundingfrom the UK government and National Lottery. Over £245 million ($318.45 million) was allocated via these routes for the Paris Olympics, split between 30 sports – or £8.17 million ($10.62 million) per sport. Almost £70 million (nearly $91 million) was provided for the Paralympics, split between 20 sports – or £3.5 million ($4.55 million) per sport.

However, Storey added that “it would be great to see both a regular funding model for preparation costs AND a bonus structure with prize money in all sports.”

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