The article is short on details in specifics with the archery teams, but it looks like the world-wide financial situation is affecting certain sports in the UK. The government is looking to match monies gathered from the private sector. For certain sports, this hasn’t materialized, for others the situation is better.

The axe hangs over ten of Great Britain’s Olympic teams before a key funding decision next week that will define the country’s preparations for London 2012.

So, who could be the winners and losers in the scramble for cash?

Winners Sports that met or exceeded their targets in Beijing in August or are able to identify potential medal-winners in 2012 — archery, athletics, badminton, boxing, canoeing, cycling, equestrianism, gymnastics (artistic), judo, modern pentathlon, rowing, sailing, swimming/diving, taekwondo, triathlon.

Losers Sports that missed their Beijing targets or have little chance of a medal in 2012 — basketball, fencing, handball, hockey, shooting, table tennis, volleyball, water polo, weightlifting and wrestling.

Read more here:
Ten Great Britain teams face the axe for London as funding gap bites