Nope, in my opinion it is the complete reverse.
The politicos simply couldn't agree on an approach and didn't want to fund it out of government funds
so they settled for an arms length management approach using national lottery funding.
The success in 2008, 2012 * , 2016 is in my opinion due to the UK political class not getting involved.
* The government funding for holding it in 2012 in London is separate from that of training teams.
USA and China ignored UK success because they were more successful. Europe ignored it because
obviously not invented there, and so the UK must have cheated although they can't quite work out how.
The Australians noticed the UK success and I believe they had their people inquire how the UK
had organised things and New Zealand followed suite, and now they are doing even better.
I am regretting not making a prediction in this thread, however the outcome does not surprise me.
Having typed that, there is some variance between my expectations and what has happened so far.