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Lindsey Vonn won't be competing at the Sochi Olympics because of a knee injury, she announced Tuesday.

"I am devastated to announce that I will not be able to compete in Sochi," the statement read. "I did everything I possibly could to somehow get strong enough to overcome having no ACL but the reality has sunk in that my knee is just too unstable to compete at this level. I'm having surgery soon so that I can be ready for the world championships at home in Vail next February.

"On a positive note, this means there will be an additional spot so that one of my teammates can go for gold."

Vonn was trying to come back in time for the Olympics after tearing her right ACL and MCL in February of 2013 at the world championships in Austria.

She reinjured her knee racing in Val D'Isere, France, before Christmas. She suffered a sprain to the MCL, making it "impossible to stabilize her knee and be ready to safely ski again next month," a statement from her publicist said.

She will have surgery soon and hopes to be back in time for the 2014-15 World Cup season.

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