Brazil to triple athletics spending

Financial Times, 8/13/2012

The host nation of the next Olympics had a mixed outing in London and is  hoping that a surge in spending on athletes and facilities will ensure it makes  the top 10 medals table in 2016 on home soil, reports Reuters.

Brazil won 17 medals in London, two more than its previous best in Beijing,  finishing 22nd in the overall count.

However, officials were frustrated after Brazil managed only three golds and at the general shortage of medals in the swimming pool and on the athletics track.

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