CYCLING'S OLYMPIC BUDGET INCREASED BY 21 PER CENT
- (opens in new tab)
- (opens in new tab)
- (opens in new tab)
- Sign up to our newsletter Newsletter

Thanks to Britain's cyclists' unprecedented success in Beijing, the sport will be given a sizeable increase in funding in time for London 2012.
According to figures released by the BBC, cycling was the most cost-effective sport of all in Beijing. Despite having the highest pre-Games medal target of six medals, Britain's cyclists comfortable exceeded this with an incredible 14 medals.
As a result, each cycling medal equated to a cost of £1.58 million, a figure well below that of nearly every other Olympic sport. Gymnastics was by far the most expensive sport in Beijing, with only one medal being scored, equating to a cost of £9 million.
Cycling was granted a budget of £22.1 million for Beijing, although this will be increased to £26.92 million to prepare for the London Games.
Basketball will enjoy the greatest increase in funding, with a 136.9 per cent increase despite no signs as of yet of a medal-winning performance.
Taekwondo, boxing, archery and hockey will all benefit from increased levels of support for 2012, but for under-achieving sports the opposite will be true.
Athletics failed to meet its objective of five medals in Beijing and will have its budget cut by 5.3 per cent.
RELATED LINKS
Thank you for reading 10 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
Founded in 1891, Cycling Weekly and its team of expert journalists brings cyclists in-depth reviews, extensive coverage of both professional and domestic racing, as well as fitness advice and 'brew a cuppa and put your feet up' features. Cycling Weekly serves its audience across a range of platforms, from good old-fashioned print to online journalism, and video.
-
-
Computer company Acer is making an AI-powered bike and it’s got some wild features
Taiwanese hardware and electronics corporation, Acer, best known for its powerful laptop computers, appears to be diversifying its product offerings with the creation of a (super) smart e-bike
By Anne-Marije Rook • Published
-
It's not just Remco v Roglič at Volta a Catalunya as two becomes three: 'When two are fighting, it's the other who takes it'
Is Giulio Ciccone, at the once-assumed peak age of 28, developing into a serious rival for the best?
By Chris Marshall-Bell • Published