‘Something’s got to give:’ Canadian Olympic, sports groups call out funding shortfall
The Canadian men’s basketball team qualified for the 2024 Olympic Games led by a clutch of homegrown NBA stars.
But that success could be short-lived, with the Canadian Olympic and Paralympic Committee, along with national sports organizations like Canada Basketball, speaking out about federal funding shortfalls that could impact which athletes attend future games.
“If we continue to rely on overstretched, under-resourced national sports organizations who fund and support these athletes on these journeys to the podium, if we continue to overstretch them and make more and more demands and don’t increase their funding, then it’s just not sustainable,” said David Shoemaker, the COC’s chief executive officer in an interview with The Canadian Press.
The COC and CPC, in a joint budget request on Monday, called on the federal government to make important investments in Canadian athletes and in a stronger, safer sport system after releasing the results of a study undertaken by Deloitte on the financial health of Canadian National Sports Organizations (NSOs).