British Basketball New Logo 568British Basketball has learnt its funding fate on the road to the 2016 Olympic Games in Rio from UK Sport, with a deal worth up to £7,039,840.

However the award, the agency say, will be on a one-year conditional basis with the following three years funding released only on the fulfilment of strict performance criteria.

It is a cut of just £1.2 million from their Lottery backing ahead of the London Olympics and follows a successful appeal against the original decision to pull all their cash support last year.

Much now will rest on the results of Great Britain’s senior sides at this summer’s EuroBaskets.

But the sport’s chiefs will now be able to finalise budgets to hire senior team coaching staff, as well as other contractors in support roles which have been put on hold, pending the decision.

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