Matildas will receive federal funding ahead of the Paris 2024 Olympics

The Paris Olympics may be just under three years away, but the Matilas have already claimed gold after securing $ 1.9 million in government funding to help them prepare for another medal race .

This comes on top of an additional $ 8.83 million over the next two years to support Matildas’ 2023 Women’s World Cup campaign, which they will co-host with New Zealand.

The investment is part of an Olympic and Paralympic funding program, totaling just over $ 250 million, announced by the federal government on Wednesday.

It is the largest financial investment in Australian high performance sports programs in history.

Importantly, this is the first time that an agreement has been reached between the government and the Australian Institute of Sport (AIS) to fund these programs until the end of the next Olympic cycle, allowing sports to better prepare for the course. the next few years.

Previously, sports often had to plan in 12-month cycles based on federal budget releases.

“Our athletes have inspired Australians around the world with their efforts at the delayed Tokyo Olympics and Paralympics, and through the Australian Institute of Sport, this funding provides the perfect platform to perform in Paris.” , said Federal Sports Minister Richard Colbeck.

“Through this commitment from the federal government and through a collaborative process with AIS, sports are able to develop their plans in advance for a full cycle of Summer Games, with funding until the end of 2024.

“This will be the first time that sports have received funding certainty so far removed from the Olympic and Paralympic Games, and we are proud to have made this commitment to building lasting success for our high performance athletes and their support teams.”

Paralytic table tennis will receive a 74% increase in funding after winning a record six medals in Tokyo.(Getty Images / Tasos Katopodis)

The COVID-19 pandemic has exposed the financial instability and uncertainty that many top athletes in Australia – especially those in smaller sports that depend on the Olympics and Paralympics for funding and media coverage – face as they prepare for the big competitions.

In preparation for Tokyo, many programs have been cut while some leagues have been suspended altogether, forcing athletes to prepare for the Olympics on their own.

Part of the goal of this fundraising windfall is to ensure Australian athletes don’t face the same uncertainty in Paris in 2024, especially in light of the rapidly spreading Omicron variant. Grants will begin to flow from July 1 of next year, with the funding cycle ending in December 2024.

The exact amount each sport will receive will be revealed in January, but the government has said there will be increased commitment to several sports, including women’s rugby sevens ($ 2.5 million per year), canoeing (para. and able-bodied, $ 7.15 million), rowing ($ 10 million), surfing ($ 2 million), skateboarding ($ 850,000), combat sports, horseback riding and table tennis ($ 900,000).

Swimming, in which Australia was the most dominant in Tokyo, remains the most funded Olympic sport.

In addition, $ 82.2 million has been set aside for a Future and Athlete Welfare Fund, in preparation for the Brisbane Games in 2032.

Performance courses in softball, baseball, gymnastics, women’s hockey, men’s football and rugby sevens were also boosted.