British Government Bails Out Olympic Sport

About a week and a half ago, the British government decided to cover more than a third of funding that fell short for their country's Olympic sports for the 2012 games that happen to be in London. Olympic officials say that the global financial crisis is the reason for the government to cover them. The sports that will be affected by this are basketball, volleyball and handball which might be in trouble come 2012. Private business' were supposed to front $150 million but fell short due to the economic downturn. People are also pointing to the fact that since the Olympic games in Beijing this past the summer, economics have gone down the drain since then tremendously. Now the Olympic Committee in London has to take a detailed look into which sports they're better off without because it looks like they might have to trim some sports from their teams. The players who belong to teams that aren't as good or that do not get as much acclaim, will suffer greatly and won't have anything to do in the 2012 Olympics.