The British Olympic Association (BOA) made a £1.5M loss last year (the previous year it made a loss of £1.3M), which required it to beg for £2M of funding from the Organising Committee for London 2012.
In the event that the BOA cannot staunch these ongoing losses, it will be bankrupt before the games in 2012.
Olympic Medals won during the Beijing 2008 Olympics
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