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US Speedskating hit by sponsor bankruptcy

US Speedskating is set to lose more than $300,000 after the bankruptcy of one of its sponsors, Netherlands-based bank DSB Bank NV (DSB).
The loss of the sponsor comes at a bad time – just four months before the Vancouver Winter Olympics.

“The impact will be seriously felt and we will be seeking additional sponsor opportunities,” said Brad Goskowicz, president of the sport’s governing body, as reported by Bloomberg.

DSB’s contract was worth $350,000 per year, including $50,000 in direct payments to athletes for performances.