'Stench' of Nassar scandal will dog USA Gymnastics for years: experts
Nassar
DETROIT (Reuters) -  The scandal stemming from longtime USA Gymnastics doctor Larry Nassarâs sexual abuse of young female athletes  could take a financial toll on the sports federation for years  sponsorship executives said.
The group already stands to lose millions of dollars in revenue through the 2020 Olympic Games  as sponsors back away after a week of emotional testimony detailing  Nassarâs  crimes against star athletes  the executives said.
âThereâs a stench right now and how long will the smell stay around  that âs  really the question â said Gary Fechter  an attorney with McCarter & English who has represented companies in sponsorship deals. âPeople either want to look away or donât want to be reminded of it.â
 Nassar  was sentenced on Wednesday to up to 175 years in prison at the end of a weeklong hearing. A parade of victims told their stories in raw and unflinching terms  describing how  he  used medical treatments to justify penetrating their bodies with  his  fingers.
 He  worked for the federation through four Olympic Games  but the allegations did not come to light until 2016.
Well-known Olympic medalists including Gabby Douglas and Aly Raisman also publicly accused  Nassar  of sexually abusing them  with Raisman in court calling the federation ârotten from the inside.â
USA Gymnastics will be in the news again next week when  Nassar  is due to be sentenced on similar charges in a different Michigan court. The group still faces litigation from scores of victims accusing it of inaction in the face of years of complaints  and U.S. Olympic Committee Chief Executive Scott Blackmun has called for the entire board to resign. [L2N1PK1N5] [L8N1PK096]
AT&T Inc (T.N) on Tuesday suspended its sponsorship with USAG  citing the Nassar scandal  saying the federation needed to be rebuilt.
 Some of Nassarâs victims  cheered the companies that cut  their  sponsorships.
âI am deeply grateful for the sponsors of USAG like AT&T who have heard the voices of  the victims  and say no more â said Rachael Denhollander on Wednesday. She was the first to come forward publicly with allegations against Nassar.
DETROIT (Reuters) -  The scandal stemming from longtime USA Gymnastics doctor Larry Nassarâs sexual abuse of young female athletes  could take a financial toll on the sports federation for years  sponsorship executives said.
The group already stands to lose millions of dollars in revenue through the 2020 Olympic Games  as sponsors back away after a week of emotional testimony detailing  Nassarâs  crimes against star athletes  the executives said.
âThereâs a stench right now and how long will the smell stay around  that âs  really the question â said Gary Fechter  an attorney with McCarter & English who has represented companies in sponsorship deals. âPeople either want to look away or donât want to be reminded of it.â
  [TGT] was sentenced on Wednesday to up to 175 years in prison at the end of a weeklong hearing. A parade of victims told their stories in raw and unflinching terms  describing how   [TGT]   used medical treatments to justify penetrating their bodies with   [TGT]   fingers.
  [TGT]   worked for the federation through four Olympic Games  but the allegations did not come to light until 2016.
Well-known Olympic medalists including Gabby Douglas and Aly Raisman also publicly accused   [TGT] of sexually abusing them  with Raisman in court calling the federation ârotten from the inside.â
USA Gymnastics will be in the news again next week when   [TGT] is due to be sentenced on similar charges in a different Michigan court.  [TGT]  still faces litigation from scores of victims accusing  [TGT]  of inaction in the face of years of complaints  and U.S. Olympic Committee Chief Executive Scott Blackmun has called for the entire board to resign. [L2N1PK1N5] [L8N1PK096]
AT&T Inc (T.N) on Tuesday suspended its sponsorship with USAG  citing the Nassar scandal  saying the federation needed to be rebuilt.
 Some of Nassarâs victims  cheered the companies that cut  their  sponsorships.
âI am deeply grateful for the sponsors of USAG like AT&T who have heard the voices of  the victims  and say no more â said Rachael Denhollander on Wednesday. She was the first to come forward publicly with allegations against  [TGT] .