Ian Mallon: If government can get athletic environment right, more success will come

The cost of each Irish Olympic medal falls to €12.7m, as funding rises

The Team Ireland athletics team are welcomed by supporters on O'Connell Street in Dublin, celebrating their remarkable achievements at the Paris 2024 Olympic Games. Pic: Ramsey Cardy/Sportsfile

The level of investment in Olympic athletes will increase to €33m annually over the next four years, as part of the Los Angeles 2028 cycle.

This soon-to-be-announced budget increase will see a lift from the current annual fund of €25m for Paris, and will bring the cost of preparing athletes for LA28 to approximately €132m.