Olympic Diver Peter Waterfield To Quit After Funding Is Cut

British Olympic diver Peter Waterfield says he will have to quit the sport after discovering that his funding will be cut from April.

Waterfield, who partnered Tom Daley at London 2012 in the platform synchro, insists the funding is essential for him to continue in the sport, particularly with a family to support.

Peter Waterfield and Tom Daley competing at London 2012

"I have to pay a mortgage, I have two kids to feed as well as a car to run. I struggle anyway," the 31-year-old told Sky Sports News.

"Without the funding I can't do any of that. The only way I can carry on diving is if I find funding from another source, maybe sponsorship or something like that. I've been diving for 20 years and I've never had a financial sponsor.

"If I don't find another source of funding, not only will it be my career that's lost but my house and me and my wife and kids would be homeless."

Waterfield announced the funding cut via Twitter:

He also said that he was given the news by his coach and not by British Swimming, something which angered him:

"My performance director, Alexei Evangulov, has known this since December and has not bothered to talk to me and tell me about it," he said.

Waterfield is an Olympic silver medallist and a Commonwealth games gold medallist with more than 10 years experience in the sport. He and Daley missed out on a medal at London 2012 because of a mistake for which Waterfield took the blame, apologising to his partner.

They had been preparing for the World Championships later this year in Barcelona, but Daley may now have to quickly find a new partner.