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November 12, 1992 | From Staff and Wire Reports
The U.S. Bobsled and Skeleton Federation may cut its budget $380,000 to cure its financial woes, an official said. Matt Roy, interim executive director, acknowledged that the group has severe funding problems but disputed claims by other federation officials that bobsledding's national governing body might be headed for bankruptcy.
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November 12, 1992 | From Staff and Wire Reports
The U.S. Bobsled and Skeleton Federation may cut its budget $380,000 to cure its financial woes, an official said. Matt Roy, interim executive director, acknowledged that the group has severe funding problems but disputed claims by other federation officials that bobsledding's national governing body might be headed for bankruptcy.
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SPORTS
November 17, 1990
The U.S. Olympic Committee announced Friday that it has suspended its funding of the U.S. Bobsled Federation while it conducts a full-scale audit of alleged misuse of federation money. A three-member team of independent auditors will begin examining financial records next week at federation headquarters in Lake Placid, N.Y. John Samuelson, the USOC's chief financial officer, said the audit is expected to take about two weeks. "This has never happened before," Samuelson said.
SPORTS
November 17, 1990
The U.S. Olympic Committee announced Friday that it has suspended its funding of the U.S. Bobsled Federation while it conducts a full-scale audit of alleged misuse of federation money. A three-member team of independent auditors will begin examining financial records next week at federation headquarters in Lake Placid, N.Y. John Samuelson, the USOC's chief financial officer, said the audit is expected to take about two weeks. "This has never happened before," Samuelson said.
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