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OFFICE DEPOT SEVER USOC TIES

Office Depot has ended its sponsorship of the US Olympic Committee (USOC) following its move into NASCAR.

USOC officials claim they are not worried, having lined up record levels of sponsorship and income from other sources, reports ESPN.com.

Florida-based Office Depot provided both cash and office supplies to USOC from 2001 to 2004.

USOC reportedly has more than $400million in sponsorships, licensing agreements and broadcast fees for its 2005-2008 budget period.