British Cycling approves governance reforms in order to retain its public

British Cycling has seen significant success recently, with increased participation and elite achievements. A recent EGM led to a decision to implement reforms to maintain funding from UK Sports and Sport England, despite past issues of bullying and sexism. The reforms aim to restore credibility, though some, like Jeff Murray, feel they don't go far enough. Funding is allocated for grassroots development and the upcoming Tokyo Olympics.

How much funding was at stake if the reforms were not accepted?

What is the significance of the £17 million from Sport England?