UK Sport chair Dame Katherine Grainger says funding for the next Olympics in Los Angeles will not be based on results at Paris 2024.
Team GB won a total of 65 medals in Paris, matching their haul from London 2012, but 14 golds was their lowest return in 20 years and saw them finish outside the top five for the first time since Athens 2004.
UK Sport distributes The National Lottery’s Olympic funding among the different sports and Grainger revealed “a very different model of investment” was in place for Los Angeles 2028.
Former rower Grainger, who competed at five Olympics, winning one gold and four silver medals, told the PA news agency: “There’s an absolute assumption by everyone, understandably, that funding is decided on the back of results.
“Almost like you’ll be rewarded if you do well and punished if you don’t do well.
“It’s a very different model of investment now. All the sports have been told a suggested amount already, pre-Games.
“So the results in Paris are of use and of interest, but will not be directly affecting the funding going forward.
“It’s all…
