Olympics-Australia govt stumps up $187m in sports funding for Brisbane success

FILE PHOTO: Tokyo 2020 Olympics - The Tokyo 2020 Olympics Opening Ceremony - Olympic Stadium, Tokyo, Japan - July 23, 2021. Flag bearers Cate Campbell of Australia and Patty Mills of Australia lead their contingent during the athletes' parade at the opening ceremony REUTERS/Kai Pfaffenbach/File Photo

SYDNEY (Reuters) - The Australian government announced A$283 million ($187.40 million) in extra funding for sport over the next two years on Friday to lay the groundwork for success when the nation hosts the Olympics for the third time in Brisbane in 2032.

The extra money, announced by Prime Minister Anthony Albanese in Canberra, will take total government funding in sport up to A$489m over the next two years, the Australian Sports Commission (ASC) said.