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BOSTON'S OLYMPIC COMMITTEE FINDING FUNDS SCARCE
Published April 6, 1995
The Boston Olympic Committee, a local group trying to bring a Summer Games to the city, is having difficulty raising money, according to Joan Vennochi of the BOSTON GLOBE. Funds are so scarce the group is "talking to the Massachusetts Sports Partnership about a bailout." BOC Chair Steve Freyer said the group is doing fine, and isn't looking for a merger but for a "way to be related without being married." Other sources say the Committee is not "financially sound" and owes one consultant up to $50,000 for back work. Vennochi writes that the BOC and MA Sports Partnership will only work with "the blessing" of John Hancock Mutual Life Insurnace -- a member of the Partnership and a backer of amateur sports in the state who "very publicly expressed the view that going after the Olympics was a waste of time and money" (BOSTON GLOBE, 4/4).