MX23RW : Tuesday, October 23 14:47:58

UK Sport withdraws funding from seven sports

UK Sport cuts the funding for seven sports, including basketball, beach volleyball and boxing.

Basketball has been confirmed as one of seven sports that has had its Olympic funding cut by UK Sport.

Weightlifting, synchronised swimming, water polo, beach volleyball, boxing and fencing are the other disciplines that have had their money slashed.

A statement on UK Sport's official website read: "Seven sports have had funding withdrawn and reinvested in other programmes after failing to demonstrate realistic medal potential by Tokyo 2020."

Meanwhile, rowing will receive £32.6m, while cycling (£30.5m), athletics (£26.8m), sailing (£25.5m), swimming (£20.7m) and canoeing (£20m) have all been handed a financial boost.

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Tom James poses for a portrait during the Announcement Of The Rowing Athletes Named in Team GB for the London 2012 Olympic Games at the Harte and Garter Hotel on June 6, 2012
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