Olympics
From Staff and Wire Reports
The U.S. Bobsled and Skeleton Federation is broke and may have to declare bankruptcy if its fiscal situation isn’t reversed within six weeks, Federation President James Morris said.
The poor economic climate has affected corporate sponsorships. The organization is also hampered by an ongoing federal investigation into alleged mismanagement and sloppy bookkeeping, which resulted in $200,000-$400,000 going unaccounted for, Morris said.
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