Atlanta's 'small profit'

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The Independent Online
Olympic officials have denied reports that the privately funded Atlanta Games, which lacked the usual safety net of state financial support, lost money.

Francois Carrard, the director general, said the International Olympic Committee has yet to receive a financial report on the Games, but denied rumours of a deficit.

"We have not had a final account yet. There is talk of a modest profit but there is no talk of a deficit," he said.

John Krinsky, of the US Olympic Committee, added: "Good news for me is anything [in the] black."

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