Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided

      Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Exclusive: O2 Arena bosses pitch to host another Formula 1 launch event

      Breaking news event coverage with journalists and cameras capturing a live press conference in a bustling city environment

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Bowls Club is the City’s most eccentric (and brilliant) pop-up

      Local bowls club members enjoying a sunny day on the green, engaging in a competitive match with vibrant surroundings.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 27 August 2008 4:48 pm  |  Updated:  Wednesday 01 December 2021 4:56 pm

Australia consider emulating British funding system after Olympic beating

By: Frank Dalleres

Sports Editor

Add as a preferred source on Google

The Australian government has devised a plan to beat Great Britain at their home Olympics in 2012 – emulate its funding system.


Australia finished behind Britain in the medals table for the first time in 20 years at the Beijing Games, winning 46 medals, including 14 golds, compared to Britain’s record haul of 47 medals with 19 golds.

Team GB’s best Olympic performance in 100 years was attributed to funding made available through the National Lottery, and now the Australians are looking into employing the same system.

Prime Minister Kevin Rudd said: “We want to have another look at [lottery funding], it’s a positive, constructive idea, let’s see if it works.”

But despite it’s clear success, Great Britain’s system does not impress the French, who believe the money generated by lottery funding has been distributed to only a handful of sports, rather than across the board.

France could only finish tenth in the medals table with just seven gold medals, but Secretary of State Bernard Laporte, the former French rugby union coach, stands by the nation’s funding methods.

“We aren’t just going to concentrate our means on four or five sports to bring home the medals, like the British have done,” he said.

Read more

Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race

Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Keeping up with the cash: SKIMS’ law firm hits record revenue 

  • As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran

More from CityAM

  • Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • Climbing handed £1.4m boost to LA 2028 Olympic medal push

    Sport Business
    A business professional analyzing financial data on a digital tablet in a modern office setting
  • London Tech Week was ‘complacency in conference form’

    Tech
    London Tech Week conference attendees discussing UK tech sector challenges and structural issues in a conference setting
  • Labour bets £1.1bn on Britain’s AI chip race

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • A good deal on the London Stadium was never an option

    Opinion
    London stadium exterior showcasing modern architecture and vibrant atmosphere during a major event or sports match.
  • Britain’s fastest man Zharnel Hughes backs home Olympics bid

    Sport Business
    Runners poised at the starting line of Zurich Marathon, showcasing determination and athletic focus amidst vibrant city ba...
  • UK music tech faces scale-up crunch as growth funding collapses

    Tech
    GettyImages 2244121938 displaying a professional business meeting with diverse executives discussing strategic plans in a ...
  • UK AI investment hits record £8.3bn as London tightens grip on tech boom

    Tech
    View of City Cluster looking west, February 2026, showcasing urban landscape and modern architecture under clear skies.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies