The Associated Press reported that Prague may withdraw its bid for the 2016 Olympics unless it gets money from the Czech government. Tomas Petera, head of Prague 2016 said, â€œquite frankly we are pressed for timeâ€.
According to estimates, the Prague bid needs about $6.7 billion to compete.
Petera said, â€œwithout it our chances equal zero. We are going to have to make a final decision whether to bid or not some time between now and Jan. 14, depending on whether we have the guaranteesâ€.
One down, five to go, I guess.