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NIKE TO HELP OUT WORLD MASTERS GAMES PAY OFF CREDITORS?

          Organizers of the "financially strapped" World Masters
     Games "are attempting to persuade creditors to accept 75
     cents on the dollar of their debts," according to Jeff
     Manning of the Portland OREGONIAN.  Outgoing Portland Oregon
     Sports Authority President Scott Andrews said the group "has
     given up on its plan to seek financial help from the city
     and state."  Some creditors have already agreed "to accept
     as little" as 50% of what they are owed.  However, Games
     officials have "persuaded corporate backers to come up with"
     about $300,000 in additional funds, "reducing" the Games
     shortfall from $500,000 to about $200,000, and sources said
     that Nike "agreed to furnish a significant percentage of the
     additional money."  The August games drew less "than half
     the competitors predicted by organizers" and "was marred by
     disappointing participation and fell far short of the
     predicted local impact" (Portland OREGONIAN, 10/31).

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