Quote of the Day
"I had very little confidence in G4S fulfilling this contract before this session started and now I don't have any confidence at all."-- Tory MP Nicola Blackwood, after grilling G4S CEO Nick Buckles in the House of Commons over the firm's failure to fulfill its Olympics contract. (London GUARDIAN, 7/17)
Top Stories
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Rubber Hose Treatment
G4S CEO Nick Buckles prepares to leave a Commons Home Affairs meeting Tuesday.
The full extent of the financial and legal penalties that security firm G4S could face for its failure to provide security guards for the Olympic Games "was laid bare" Tuesday, according to Booth & Haynes of the LONDON TIMES. The details of the penalty clauses in G4S’s Olympics contract were set out in a letter from LOCOG to MPs on the backbench Home Affairs select committee. LOCOG has the right to pay G4S "only for the guarding hours it actually supplies," and G4S is liable for "any losses suffered by LOCOG in making up the shortfall."
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Tearing Up Tickets
LOCOG pulls back 500,000 football tickets, will close upper tiers to hide empty seats.
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EPL Club Gets Gassed
Russian company Gazprom has agreed to be the official energy provider for Chelsea.
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Long Arm Of The Law
FIFA names Garcia, Eckert to head ethics committee; payments to be examined.
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Bankers Up The Ante
RBS adds four years to its 6 Nations rugby sponsorship, ups value of deal by 70%.
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Beer Deal Goes Flat
Brewery Licher drops sponsorship of Bundesliga club Eintracht Frankfurt.
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Coughing Up Big Bucks
Ligue 1 Paris St. Germain owners are spending millions to attract star power.
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Sincerest Form Of Flattery
German Hockey League unveils plans for its first outdoor match.
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Taking A Swing At Australia
UFC makes a multi-channel deal with Fox to try and put the sport on the map in Australia.
