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British skiing goes bankrupt, will still compete

LONDON -- The British ski and snowboard federation has gone bankrupt, but the national Olympic committee says athletes will still compete in Vancouver.

The British Olympic Association said Friday that it will 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 association 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 in funding by the end of January to stave off bankruptcy.

The British team includes Alpine skier Chemmy Alcott and snowboarder Zoe Gillings.