Federal Employee News

Saturday, February 26, 2011

Challenging government sponsorships of pro sports

Article Title: Reg Wydeven column: Government sponsorships of professional sports challenged

Snippet of Article: "...During the glory days of Lance Armstrong's professional cycling career, the U.S. Postal Service spent $31.9 million to sponsor his racing team from 2001 to 2004. This amounted to approximately 65 percent of the team's total budget and may help explain part of the USPS' $7 billion deficit..."

Source: Federal Employee News, Pro Sports and Government Money