Quote of the Day

"You know this is not legal to do. Officially, I’m telling honestly, this is not according to rules ... But, we invest too much money and I don’t care."
-- Ivan Radojevic, the general director of Serbia’s Big Blue ticket agency, to undercover London Times journalists investigating the illegal sale of Olympics tickets. (LONDON TIMES, 6/17)
Monday June 18, 2012 Vol. 1 — No. 6 Print This Issue

Top Stories

  • Black Market Ticket Probe

    Olympic officials have been caught selling tickets on the black market for popular events at London's Olympic Stadium.

    Olympic officials and agents "have been caught selling thousands of top tickets to the London Games on the black market for up to 10 times their face value," according to a two-month undercover investigation by Calvert & Blake of the SUNDAY TIMES. The investigation found "widespread corruption among officials and agents controlling the tickets" for at least 54 countries. The IOC called "an emergency meeting of its executive board and launched an investigation" on Friday after learning of the news. Thousands of the "best seats at the top events" were up for sale after being "siphoned off from official supplies" held by overseas National Olympic Committees (NOCs).

  • Henry Favors Stadium Redo

    Liverpool owner says it's a "myth" that a new stadium would solve the team's financial woes.

  • U.S. Firm Along For Ride

    U.S. fund manager Waddell & Reed has spent $500M to bump up its stake in F1.

  • BBC Faces Olympics Fight

    IOC opens up post-Olympic TV rights to other broadcasters, telcoms.

  • FFA Warned On Booze Ban

    Aussie football is cautioned that dropping alcohol sponsors would have far-reaching impact.

  • BT Rolls The Dice

    British Telecom is gambling that football will bolster its fiber optics business.

  • Splashing The Cash

    Cardiff City FC Owner Vincent Tan is pumping $55M into the team for players, debt reduction.

  • Re-Writing The Rule Book

    F1 is poised to have cost controls written into its rule book.

  • Back To Drawing Board

    Sports architects HKS have won design jobs for a Copenhagen arena and Russian stadium.

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