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Sponsors flee scandal-plagued USA Gymnastics; future cloudy

INDIANAPOLIS | Staring at an uncertain future after the departure of several sponsors, USA Gymnastics faces a steep climb as it tries to regroup in the wake of the sexual abuse scandal that has rocked the national governing body of the sport. The loss of corporate partners is a financial blow to the organization, which had total revenues of $34.4 million and net assets of just over $3 million in 2016, according to Internal Revenue Service documents. USA Gymnastics received nearly $3 million from the USOC last year, a figure that fluctuates annually between Olympic cycles.

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