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COLORADO SPRINGS, Colo. -- New financial reports from the U.S. Olympic and Paralympic Committee include unprecedented detail about money that goes to the sports organizations it oversees -- a feature the federation is hoping will help followers decipher the U.S. Olympic system's often opaque accounting picture.
The USOPC on Monday released its annual tax form, which showed $54 million more in expenses than revenues for 2019 -- a typical overrun in a non-Olympic year after a Winter Games. The ugly numbers brought on by the coronavirus pandemic won't appear until the 2020 data is released next year.
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