216 lines
5.4 KiB
Plaintext
Executable File
216 lines
5.4 KiB
Plaintext
Executable File
sport
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othersports
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olympics
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london2012
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3540794
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-----
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# Government ponders £20m athlete bail-out for London 2012
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## The Government was last night considering granting a £20-£30 million bail-
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out for Britain's Olympic athletes to close a funding shortfall that threatens
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to embarrass the Government in the build-up to the London 2012 Games.
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![Government ponders 20m athlete bail-out for London 2012: Counting down: the
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2012 Olympic Stadium begins to take shape in East London][1]
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Counting down: the 2012 Olympic Stadium begins to take shape in East London
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Photo: PA
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By Paul Kelso 12:04AM GMT 02 Dec 2008
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[Comments][2]
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Culture secretary Andy Burnham is expected to inform UK Sport on Tuesday how
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much Government funding they will receive ahead of 2012, but on Monday night
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it was still unclear how much of a £300 million package promised by Gordon
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Brown when he was Chancellor will be delivered.
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Talks between officials from the Department for Culture, Media and Sport and
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the Treasury continued into the evening over how to close a £79 million gap in
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funding caused by the Government's failure to attract private sector
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investment for athlete funding.
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In the 2006 Budget, Brown committed the Government to £300 million of
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additional funding in the run-up to London 2012, with £100 million of that
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expected to come from the private sector.
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That has proved wishful thinking, however. The DCMS are yet to raise a penny
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in private funding, partly because their sponsorship scheme 'Medal Hopes' is
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yet to be signed off three months after it was announced.
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An increase in projected Lottery sales has seen the Government revise the
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figure down to £79 million, but despite the funding difficulties, UK Sport
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have repeatedly been told to budget for the full £300 million.
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## Related Articles
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* [Cuts could hit 2012 medal haul][3]
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30 Nov 2008
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Several sources have said that they were hopeful the shortfall will have been
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reduced by at least £20 million by the end of the week. With the gap unlikely
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to be smaller than £50 million, however, UK Sport are likely to have to cut
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funding to at least 10 sports.
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The negotiations continued against an atmosphere of deep frustration among
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sports who feel the Government are reneging on a promise that would transform
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British sport.
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David Sparkes, the chief executive of UK Swimming, said: "In the context of a
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£9 billion Games, £79 million seems a small additional cost when you consider
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the tremendous rewards it could deliver."
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Ed Warner, the chairman of UK Athletics, said: "I think it's time for the
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Treasury to get some perspective on this matter and realise that if they want
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to make the most of the opportunity of staging the Games in London then they
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should commit fully to the programme of delivering for all the sports in four
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years' time."
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[X][4] Share & bookmark
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[What are these?][5]
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* Share: [Share][4] [ ][6] [ ][7]
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[Tweet][8]
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http://www.telegraph.co.uk/sport/othersports/olympics/london2012/3540794
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/Government-ponders-20m-athlete-bail-out-for-London-2012-Olympics.html
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Telegraph
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## [London 2012][9]
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* ### [Sport »][10]
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* ### [Other Sports »][11]
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* ### [Olympics »][12]
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* ### [Paul Kelso »][13]
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IN SPORT
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[![Sir Steve Redgrave][14]][15]
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### [Olympics email: sign up][15]
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[![Olympic Stadium - London 2012 Olympics competition schedule][16]][17]
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### [London 2012 interactive schedule][17]
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[![Sir Chris Hoy - London 2012 Olympics tickets guide][18]][19]
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### [London 2012 tickets Q&A][19]
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External Links
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* ### [Department for Culture, Media and Sport][20]
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* ### [British Swimming][21]
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* ### [UK Athletics][22]
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[X][4] Share & bookmark
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Delicious Facebook Google Messenger Reddit Twitter
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Digg Fark LinkedIn Google Buzz StumbleUpon Y! Buzz
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[What are these?][5]
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Share:
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* [ ][4]
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* [ ][6]
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* [ ][7]
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* [Tweet][8]
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* OLYMPIC IMAGES
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Latest images from the Olympics and the London 2012 Games.
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Advertisement
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![][23]
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telegraphuk
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Please enable JavaScript to view the [comments powered by Disqus.][24] [blog
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comments powered by Disqus][25]
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[![London 2012 Olympics][26]][12]
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Advertisement
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sponsored features
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Loading
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Olympic features
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[![London 2012 Olympics: 20 questions with Nicole Cooke][27]][28]
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### [20 Questions][28]
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Team GB road cyclist **Nicole Cooke **talks to Telegraph Sport
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### [Olympics countdown][29]
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[![][30]][29]
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**426 days to go**
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> Theodosius II ordered the destruction of all Greek temples in AD 426. <p>
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### [Send us your view on the Olympics][31]
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[LONDON 2012 Sport Guides »][32]
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### [Olympics sport-by-sport guide][12]
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* [Archery][33] | [Athletics][34] | [Badminton][35]
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* [Basketball][36] | [Boxing][37] | [Canoe Sprint][38]
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* [Canoe Slalom][39] | [BMX Cycling][40] | [Mountain Bike][41]
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* [Road Cycling][42] | [Track Cycling][43] | [Diving][44]
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* [Equestrianism][45] | [Fencing][46] | [Football][47]
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* [Rhythmic Gymnastics][48] | [Artistic][49] | [Trampoline][50]
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* [Handball][51] | [Hockey][52] | [Judo][53]
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* [Modern Pentathlon][54] | [Rowing][55] | [Sailing][56] | [Shooting][57]
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* [Synchronised Swimming][58] | [Swimming][59]
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* [Table Tennis][60] | [Taekwondo][61] | [Tennis][62]
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* [Triathlon][63] | [Indoor Volleyball][64] | [Beach Volleyball][65]
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* [Water Polo][66] | [Weightlifting][67] | [Wrestling][68]
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Classified Advertising
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* [Culture][69]
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* [Cars][70]
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* [Shopping][71]
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var puffs_8120678 = new Array();
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