Today's statement from the International Olympic Committee suggests all is not well with the preparations for the next summer games.
UK Sport has announced a record £347m funding pot for Olympic and Paralympic sports until Rio 2016, but not everybody is celebrating.
Team GB are likely to clock up 45 medals at the Olympic Games in Rio in 2016, researchers have calculated.
UK Sport has announced a record pot of £347m of Olympic and Paralympic sports funding to be distributed in the run-up to the 2016 Rio de Janeiro Games
Cycling, rowing, boxing, athletics and gymnastics have been given increases, but several sports, including swimming, basketball, volleyball and handball, are paying the price for missing medal targets with severe cuts to their income.
Swimming funding has been cut to £21.4m from £25.1m, volleyball (down to £400,000 from £3.5m), plus basketball, handball, wrestling and table tennis, which miss out on funding altogether.
UK Sport has announced a record pot of £347m to be distributed in the run-up to the 2016 Rio de Janeiro Games.
UK Sport has announced a decrease in swimming funding ahead of the Rio Games in 2016.
For London 2012, the investment was £25,144,600 but after a disappointing medals haul for the swimmers it will now be £21,400,000 for the next Olympics.
UK Sport has announced an 11% increase in funding for Olympic and Paralympic sports until the Rio Games in 2016, with cuts to swimming and basketball among other sports.
Jamaican sprint superstar Usain Bolt has vowed to build on his "living legend" with another defence of his Olympic titles at Rio 2016.
After toying with switching disciplines, the world's fastest man said he has decided to focus solely on winning the 100m and 200m golds in Brazil.
"Rio is about going and defending my titles," Bolt said during a trip to New Zealand. "I don't want to try any different events at Rio, because at Rio I will just defend my titles to show the world that there is a possibility that I can do it again. To do the three-peat, that is the focus."