Eurosport

UK Sport hopeful govt extends funding for Games in 2021

UK Sport hopeful govt extends funding for Games in 2021
By Eurosport UK via Reuters

26/03/2020 at 09:41

UK Sport chair Katherine Grainger has said the organisation will hold discussions with the government on extending Team GB's current level of funding through to next year's rescheduled Tokyo Olympics.

A total of 345 million pounds ($408.9 million) was allocated for Tokyo 2020 Olympic and Paralympic athletes but with the current funding cycle running until March 2021 it may no longer cover the Games as intended.

On Tuesday, the International Olympic Committee (IOC) said the Tokyo Games would be postponed until next year due to the coronavirus pandemic.

"Everyone was awarded money up to March 2021 which is where our budget goes to," Grainger told BBC Radio 5 Live.

"We're in uncharted territory as to how we go from that March break point through to the summer where it looks like the Games are going to be, although the IOC is still to announce dates.

Tokyo 2020 has been suspended until 2021

Tokyo 2020 has been suspended until 2021Getty Images

IOC President Thomas Bach said on Wednesday that "all options" were on the table for rescheduling, including holding the Games before the Japanese summer.

Grainger said the announcement to delay the Games in these uncertain times comes as a relief to everyone involved.

"I think it's bought a lot of time for a lot of the athletes that need to now rethink about next year, and what it means for us is more conversations with the government," she added.