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Kazakhstan to help fund Astana team

Updated: June 8, 2009, 11:25 AM ET
Reuters

Kazakhstan's government has agreed to partially sponsor Lance Armstrong's cash-strapped Astana team to help it survive the economic crisis, a senior official said on Monday.

Tourism and Sport Minister Temirzhan Dosmukhanbetov said the Kazakh-based team's total costs were about $17 million per year but did not give details as to what portion of that the government was ready to provide.

"Our athletes are extremely fit at the moment. But having said that, the current financial situation ...

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