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The High Price Of Raising An Olympian...
Ever wondered what the costs of maintaining a well funded Olympic career was?
The expenses start early -- maybe when a child is in kindergarten -- and can total hundreds of thousands of dollars for parents of elite athletes. The rest of the family may pay a price, too.
By Abby Ellin, MSN Money
Olympic glory can be expensive.
But the investment has been worth it, at least for the Ali family.
David Ali knew his son Sadam had gifted hands way back when Sadam was 8 years old and dancing around the ring at the Bed-Stuy Boxing Club in Brooklyn, N.Y. That's why the family supported Sadam through 11 years of training, for about eight hours a day. That support helped the 19-year-old lightweight become the first New Yorker to make the U.S. Olympic boxing team since Rid**** Bowe in 1988.
The expenses start early -- maybe when a child is in kindergarten -- and can total hundreds of thousands of dollars for parents of elite athletes. The rest of the family may pay a price, too.
By Abby Ellin, MSN Money
Olympic glory can be expensive.
But the investment has been worth it, at least for the Ali family.
David Ali knew his son Sadam had gifted hands way back when Sadam was 8 years old and dancing around the ring at the Bed-Stuy Boxing Club in Brooklyn, N.Y. That's why the family supported Sadam through 11 years of training, for about eight hours a day. That support helped the 19-year-old lightweight become the first New Yorker to make the U.S. Olympic boxing team since Rid**** Bowe in 1988.