Skip to content
Saturday 8 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 23 October 2024 10:30 pm  |  Updated:  Wednesday 23 October 2024 4:20 pm

British athletes issue stark warning to government over funding

By: Frank Dalleres

Sports Editor

Add as a preferred source on Google
A majority of British athletes may quit sport before LA 2028 if funding is not increased
A majority of British athletes may quit sport before LA 2028 if funding is not increased

British sport could lose hundreds of elite athletes before the LA 2028 Olympics and Paralympics unless the Government increases funding for the next four-year cycle.

The stark warning comes after 85 per cent of funded athletes in a new survey said they would not or might not continue competing if forced to make do with current payments.

Grants have fallen far behind inflation and the average full-time athlete receives less than £22,500 a year, according to the British Elite Athletes Association (BEAA).

“Athletes and their families have shouldered the burden of static grants throughout the cost-of-living crisis,” a letter signed by 10 athletes and sent this week to Culture Secretary Lisa Nandy said. 

“Now we are concerned that, with the sporting system under immense financial pressure, they will be asked to do so until at least 2028. Such a demand will have devastating consequences.

“The need for increased grants is borne out of concern – not just for the top level of British sport, but for the positive impact this sector has on our entire country. Fewer athletes means fewer medals, yes, but also fewer role models and fewer opportunities.”

In a BEAA survey carried out in the last month, only 15 per cent of almost 200 respondents said they could continue competing on their current funding. Almost two thirds said they would end their careers and 21 per cent said they were unsure.

Funding levels will be confirmed after next week’s Autumn Budget. Some athletes are believed to receive the same amounts as in 2012, despite inflation running at almost 40 per cent since, meaning even the best-funded are £11,000 worse off.

Read more

Commonwealth Gold Medallists Return to the Court That Helped Inspire London

Team England athletes and dignitaries celebrate the Kings Baton Relay for Glasgow 2026 at a London sports festival.

One athlete told the survey: “Many athletes, including me, are struggling… I cannot count the amount of ex-athlete friends who have gone into debt, lost so much and even a couple who have been homeless.”

Holly Pearne-Webb MBE, part of Team GB’s gold-winning hockey team at Rio 2016, chairs a forum of athletes which feeds into sporting policy and co-signed the letter to Nandy.

“Across sport I’ve seen athletes becoming increasingly reliant on their families to sustain their careers, or quit altogether because they can’t afford to continue,” she said. 

“A lot held on until Paris, but many won’t be able to sustain themselves for another four years without higher grants, especially athletes from lower-income backgrounds.”

BEAA chair Dominic Mahony MBE said the body was “profoundly concerned about athlete funding between now and LA 2028”. 

He added: “Athletes are hugely grateful for the support they receive, and none would wish to be seen as unappreciative.

“But the reality is many have been forced out of sport already as inflation has out-stripped grants for so long, and many more may soon quit under the strain of the cost of living crisis.”

Read more

Russians are poised to compete at the LA 2028 Games as IOC lifts ban

Getty Images logo displayed on a computer screen in a dimly lit room, emphasizing its prominence in digital media.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Sport

Categories

  • Sport
  • Business

People & Organisations

  • Autumn Budget
  • British Elite Athletes Association
  • LA 2028
  • Lisa Nandy
  • paris 2024 olympics
  • Paris 2024 Paralympics

Related Topics

  • Budget
  • Olympic Sport
  • Olympics 2016
  • Paris 2024 Olympics and Paralympics
  • Sport business

Trending Articles

  • WPP slashes jobs as revenue continues to fall

  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

  • Starling plans to ‘come out swinging’ in diversification bid

  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

More from Morning Wire

  • Commonwealth Gold Medallists Return to the Court That Helped Inspire London

    Partner
    Team England athletes and dignitaries celebrate the Kings Baton Relay for Glasgow 2026 at a London sports festival.
  • Russians are poised to compete at the LA 2028 Games as IOC lifts ban

    Sport Business
    Getty Images logo displayed on a computer screen in a dimly lit room, emphasizing its prominence in digital media.
  • Miami heat: Why climate could be key in 40C England v Norway World Cup quarter-final

    Sport Business
    Business professionals discussing strategies in a modern office setting with charts and graphs on a large screen in the ba...
  • Politicians call for easing of private school stranglehold on elite rugby

    Sport Business
    Getty Images logo on a digital screen, representing the renowned stock photo agency in a business news context.
  • Commonwealth Games must prove crises are thing of past

    Sport Business
    Josh Kerr winning an athletics race at the London Stadium, with cheering crowds in the background.
  • Brentford FC stadium to host rugby union franchise sevens finals

    Sport Business
    GettyImages 2244438763 depicts a significant business event highlighting key industry leaders in a networking session.
  • Fifa World Cup 2026: The tournament of IP infringement and touts

    Sport Business
    Breaking news scene with journalists and photographers capturing live event at a bustling city press conference
  • Darts star Beau Greaves gets eyes insured by Specsavers for £1m

    Sport Business
    Blonde woman in glasses and a patterned shirt, with her mouth open and fist clenched, celebrating during a darts match
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook