Sport Ireland has today announced a multi-year funding package of €14.2m for Irish athletes in the run-up to the Olympic Games in Paris in 2024, with Rowing Ireland surpassing Athletics Ireland as the main beneficiary.

Rowing Ireland will receive financial aid totalling €3.9m in a four-year cycle, which began in 2021.

Paralympics Ireland will be funded to the tune of €3.7m, with Athletics Ireland (€3.365m), Hockey Ireland (€3.3m), Irish Sailing Association (€3.3m), Horse Sport Ireland (€3.1m), Swim Ireland (€2.9m), Cycling Ireland (€2m) and Golf Ireland (€2m) the next governing bodies in the pecking order in terms of funding.

The Irish Athletic Boxing Association's coffers were boosted by an injection of €770,000 from Sport Ireland in 2021, but funding for 2022-2024 has yet to be confirmed and will only be decided on at the conclusion of an ongoing review and compliance with Sport Ireland's governance code.

Minister Jack Chambers says he is very concerned by the ongoing issues within the IABA.

The Minister of State for Sport said he was sorry to see Bernard Dunne leave his position as high performance director for the IABA and personally thanked him for his contribution to Irish boxing's success.

Sport Ireland high performance director Paul McDermott reiterated that Sport Ireland wanted Dunne to continue and said there was no question about his success as high performance director.

While Sport Ireland are hesitant to withdraw funding at this stage, they have called on the IABA to urgently adopt governance recommendations.

Direct comparison to Sport Ireland funding for individual sports in the Tokyo Olympic cycle is distorted by additional payments made to governing bodies due to confirmed and unforeseen costs, not least those generated by the Covid-19 pandemic.

However, Athletics Ireland (€3.305m), the Irish Sailing Association (€3.07m) and the Irish Athletic Boxing Association (€2.94m) fared best in terms of original funding for the 2017-2020 period.

This year, Sport Ireland will invest €3.08m under the international carding scheme. This will support 112 athletes and 10 relays/squads, across 16 sports.

Today's announcement was also accompanied by the publication of Sport Ireland's Tokyo 2020 review.

Sport Ireland chief executive Dr Una May said of the funding package: "Sport Ireland's high performance strategy sets the bar high for our aims as a nation in international competition.

"In order for these objectives to be achieved, adequate resources, structures and process are required.

"Through the delivery of a multi-year funding package, Sport Ireland is putting the athlete front and centre so they can focus fully on their training and preparation.

"Augmented by robust system changes recommended in the Tokyo Games review, Sport Ireland is confident that the right framework is now in place for Ireland to deliver at Paris 2024 and beyond."