AGL 37.72 Decreased By ▼ -0.28 (-0.74%)
AIRLINK 131.31 Decreased By ▼ -5.38 (-3.94%)
BOP 5.45 Increased By ▲ 0.03 (0.55%)
CNERGY 3.74 Decreased By ▼ -0.09 (-2.35%)
DCL 7.37 Decreased By ▼ -0.22 (-2.9%)
DFML 44.25 Decreased By ▼ -1.80 (-3.91%)
DGKC 79.75 Decreased By ▼ -0.60 (-0.75%)
FCCL 28.08 Increased By ▲ 0.05 (0.18%)
FFBL 54.35 Decreased By ▼ -0.86 (-1.56%)
FFL 8.55 Decreased By ▼ -0.03 (-0.35%)
HUBC 101.46 Decreased By ▼ -11.19 (-9.93%)
HUMNL 12.25 Decreased By ▼ -0.08 (-0.65%)
KEL 3.78 Decreased By ▼ -0.07 (-1.82%)
KOSM 7.02 Decreased By ▼ -1.05 (-13.01%)
MLCF 35.50 Increased By ▲ 0.39 (1.11%)
NBP 64.94 Decreased By ▼ -1.06 (-1.61%)
OGDC 171.85 Increased By ▲ 0.69 (0.4%)
PAEL 24.85 Decreased By ▼ -0.33 (-1.31%)
PIBTL 6.20 No Change ▼ 0.00 (0%)
PPL 132.10 Decreased By ▼ -0.75 (-0.56%)
PRL 24.49 Increased By ▲ 0.09 (0.37%)
PTC 14.18 Decreased By ▼ -0.34 (-2.34%)
SEARL 57.65 Decreased By ▼ -1.30 (-2.21%)
TELE 6.95 Decreased By ▼ -0.14 (-1.97%)
TOMCL 34.27 Decreased By ▼ -0.73 (-2.09%)
TPLP 7.77 Decreased By ▼ -0.32 (-3.96%)
TREET 14.04 Decreased By ▼ -0.26 (-1.82%)
TRG 44.60 Decreased By ▼ -0.99 (-2.17%)
UNITY 25.22 Decreased By ▼ -0.77 (-2.96%)
WTL 1.19 Decreased By ▼ -0.01 (-0.83%)
BR100 8,992 Decreased By -92.3 (-1.02%)
BR30 26,997 Decreased By -633.5 (-2.29%)
KSE100 85,020 Decreased By -432.8 (-0.51%)
KSE30 27,011 Decreased By -137.9 (-0.51%)

Australia may look to a national lottery to provide extra Olympic funding and make its existing sports system more efficient in the wake of below-par results at the Rio Games. Australia returned with their smallest haul of Olympic medals since Barcelona in 1992, a result which has sparked recriminations among the country's sports officials.
John Wylie, the chief of the government-backed Australian Sports Commission (ASC), said the results in Rio "came up short of expectations", but added that the ASC still backed its controversial 'Winning Edge' high-performance funding model. Looking ahead to the 2018 Gold Coast Commonwealth Games and the 2020 Tokyo Olympics, Wylie told reporters Thursday: "There is no doubt we can learn and improve from the experience of the past four years and from the Rio Olympics. "But the core principles of the strategy remain sound, valid and in the long-term interests of the Australian sport sector.
"Australia's 'Winning Edge' is built on evidence-based funding decisions, high aspirations for achievement, sports taking responsibility for their own high performance programmes and improved leadership and governance in sports organisations." The reform plan is being pursued amidst a bitter feud between Wylie and Australian Olympic Committee president John Coates and an austere economic environment. Coates has withdrawn the AOC from an ASC review of the Canberra-based Australian Institute of Sport (AIS).
He has also said the ASC policy of appointing businesspeople to head up major Olympic sports had been found wanting. Wylie wants to establish a British-style national lottery that would generate, according to ASC estimates, additional funding of between Aus$50 million and Aus$100 million (US $38-$76 million) a year for high-performance sport programmes. The proposed lottery would be similar to the one which has helped Britain emerge as an Olympic sporting superpower, finishing second on the Rio medals table.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.