UK Sports to invest £352 Million in 2024 Paris Olympics and Paralympics
UK Sports announced it would invest £352 million to fund athletes representing the country in 43 sports during the 2024 Paris Olympics and Paralympics. The fund is more significant than the £345 million allotted for the Tokyo Summer Olympics.
The organization added funding for skateboarding, surfing, and climbing. However, some traditional sports had a ten percent budget cut. Some sports that suffered from reduced funding are athletics, rowing, swimming, and gymnastics.
UK Sports also reduced the budget for modern pentathlon, equestrian, sailing, and canoeing. However, badminton saw a significant increase in its budget. On a positive note, wheelchair rugby had its funding restored. It got £3 million up to the Rio 2016 Games. However, UK Sports removed its budget after it failed to produce a medal.
UK Funding for 2024 Paris Olympics and Paralympics
UK rowing chief executive Andy Parkinson was not surprised by the budget cuts. However, Pentathlon GB head Sara Heath was disappointed by the reduced funding for the sport. According to bookie software reports, she filed an appeal due to the lack of uniformity.
According to Sportsbookpayperhead.com, the UK Sports said they had to reduce the funding because of financial difficulties. Also, the organization wanted to reach more sports. Thus, they had to make tough decisions.
Based on the best sportsbook pay per head providers, UK Sports has an additional fund worth £3 million. Sports such as breaking can apply for it. Breaking will make its first Olympics appearance in Paris.
UK Sports would assess breaking’s potential to earn a medal over the next twelve months. They used the same process to determine the potential of skateboarding, karate, surfing, and climbing before they added the sports to the program.
Although more sports are receiving funds from the UK Sports, some of the most successful disciplines suffered from budget cuts. They include swimming, equestrian, and rowing.