Team GB’s funding for LA 2028 has yet to be approved, sparking concerns over potential impacts on medal chances. The Government’s announcement of support is delayed, with the Treasury pushing back on demands for financing. Sporting boardrooms are alarmed at potential delays, fearing the loss of world-leading coaches and athletes to rival nations due to lack of financial certainty. Ministers have been warned about the risk of potential medallists walking away from the Olympic sector.
The Government has stated its commitment to multi-year funding for elite sports and success at the world stage. In the past, the Government has made spending pledges within a week of the Olympics ending, but this year Lisa Nandy, the Culture Secretary, will reassure athletes and sporting chiefs at the homecoming event in Manchester. While ambitious funding levels are expected to be announced, the delay is attributed to the Treasury’s decision for scrutiny. Despite the delays, the new regime remains committed to maintaining GB’s excellence at the Games.
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