Australia Cuts Bonuses to Olympic Coaches for London 2012 Games 21/11/2008 |
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Australia will budget A$30 million ($18.7 million) to send 400 athletes to the 2012 London Olympics and will cut bonuses to fourth-place finishers and coaches amid tougher economic conditions.
The Australian Olympic Committee is setting aside A$16.7 million for training and A$13.4 million to send the team to London, it said on its Web site today. Australia was sixth in the medal tally for Beijing, with 14 golds and a total 46, with swimming its best sport.
``Our focus is on rewarding athletes who produce results,'' John Coates, president of the committee, said in the statement. ``While we acknowledge the hard work, dedication and outstanding results achieved by our coaches, the athletes must get priority in these tough economic times.''
Australia sent 435 athletes to Beijing and will cut its numbers for 2012 because baseball and softball were dropped from the Olympic lineup. The committee allocated A$19.3 million to prepare athletes for Beijing and A$13.4 million to send them to the Chinese capital.
(Source: Bloomberg)
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