The financial condition when the new board was elected was very unattractive. We were surprised to find that major bank loans were necessary to fund 'ongoing operations', and that the United States Olympic Committee was basically in debt.  -   Peter Ueberroth     Quotes
The financial condition when the new board was elected was very unattractive. We were surprised to find that major bank loans were necessary to fund 'ongoing operations', and that the United States Olympic Committee was basically in debt. Peter Ueberroth