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Olympics-UK Sport to pump $418 million into sports for LA 2028 Games

Published by Uma Rajagopal

Posted on December 17, 2024

1 min read

· Last updated: January 28, 2026

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UK Sport invests $418 million in Olympic sports for LA 2028 Games - Global Banking & Finance Review
UK Sport announces a significant $418 million investment in Olympic and Paralympic sports for the 2028 Los Angeles Games, focusing on enhancing athlete support and performance.
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(Reuters) – UK Sport said it will invest 330 million pounds ($418 million) in Olympic and Paralympic sports for the 2028 Los Angeles Games, though athletics and canoeing will see their funding cut. Britain finished seventh in the athletics medal table at the Paris Games with 10 medals, with Keely Hodgkinson winning their only gold […]

(Reuters) – UK Sport said it will invest 330 million pounds ($418 million) in Olympic and Paralympic sports for the 2028 Los Angeles Games, though athletics and canoeing will see their funding cut.

Britain finished seventh in the athletics medal table at the Paris Games with 10 medals, with Keely Hodgkinson winning their only gold in the 800 metres.

The Olympic budget for athletics was reduced to 20.5 million pounds for Los Angeles from 22.2 million pounds.

The funding for canoeing was cut by over 500,000 pounds from the Paris figure to 12.5 million pounds for 2028.

“The decision that we’ve made against all the sports is we’ve looked at their potential,” UK Sport chief executive Sally Munday told the BBC in an interview published on Monday.

“UK Athletics will receive in excess of 30 million pounds for the Olympic and Paralympic programmes and we believe that’s going to put them in a great place to support their athletes in the lead into LA.”

($1 = 0.7890 pounds)

(Reporting by Aadi Nair in Bengaluru; Editing by Peter Rutherford)

Frequently Asked Questions

What is UK Sport?
UK Sport is the national agency responsible for investing in Olympic and Paralympic sports in the United Kingdom, aiming to enhance the performance of athletes and teams at international competitions.
What are Olympic Games?
The Olympic Games are a major international multi-sport event held every four years, featuring summer and winter sports competitions among athletes from around the world.
What is the Paralympic Games?
The Paralympic Games are an international multi-sport event for athletes with disabilities, held shortly after the Olympic Games, showcasing their talents and promoting inclusivity in sports.
What is a medal table?
A medal table is a ranking of countries based on the number of medals won during a sporting event, typically used in the context of the Olympic and Paralympic Games to measure national performance.

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