PARIS (AP) — Usain Bolt is skipping next month’s Crystal Palace Diamond League meeting because of British tax rules.
The Olympic and world champion in the 100 and 200 meters said Friday his agent informed him he would lose money by competing in London.
Agent Ricky Simms told The Associated Press the British tax law stipulates that foreign sports stars have to pay taxes on their worldwide endorsements. He says that has kept a lot of top athletes from Britain.
Simms didn’t say how much Bolt would have been paid by competing in London. Bolt spoke at a news conference ahead of Friday’s Areva meet in Paris, where the Jamaican will earn $250,000 for running the 100.
