British ski and snowboard group bankrupt
Last Updated: Friday, February 5, 2010 | 12:01 PM ET
The Associated Press
Alpine skier Chemmy Alcott will compete in the Vancouver Olympics, even though the British Ski and Snowboard Federation has declared bankruptcy. (Olivier Morin/Getty Images)The British Ski and Snowboard Federation has been placed in financial administration but the national Olympic committee says all affected athletes will still be able to compete in Vancouver.
The British Olympic Association said Friday it will "immediately put in place a contingency plan" to make sure the 14 skiers and snowboarders on the country's Olympic team can participate in the Vancouver Games, which start Feb. 12.
The BOA said the International Ski Federation has approved a plan to let a subsidiary company act as national body for the sports.
Snowsport GB needed to secure $326,000 US in funding by the end of January to stave off bankruptcy.
The British team includes alpine skier Chemmy Alcott and snowboarder Zoe Gillings.










