Quote of the Day
"There is no secret to organizing a World Cup or an Olympic Games. There is lots of work to do, and we are working a lot. "-- Brazilian Sports Minister Aldo Rebelo, reporting on the country's preparation for the 2014 World Cup and the Rio Games in '16. (SBD GLOBAL)
Top Stories
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Euro Football Needs Financial Redo
European football teams, such as ManU, are being scrutinized for overspending.
ManU's decision to go public on the N.Y. Stock Exchange is another reminder that the financial foundation of European football remains "in desperate need of repair," according to Kevin Baxter of the L.A. TIMES. The problem is the cost of players. And while ManU and club Owner Malcolm Glazer "have exacerbated" the problem, it's not limited to a single team, owner, league or country. UEFA found that more than half the 655 European clubs it surveyed in '10 had lost a combined $10.9B, "mostly from overspending on players." In Spain, where La Liga opened a new season last weekend, Barcelona and Real Madrid have passed the N.Y. Yankees as "the best-paying teams in pro sports" with average player salaries topping $7.8M a year.
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A Complex Undertaking
Cambodian government will fund construction of "Olympic Park-style" facility.
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A Bigger Cut
Men's stars say they'll boycott Australian Open if they don't get bigger cut.
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Fans Stand Strong
Armstrong Foundation has record day in wake of rider giving up doping fight.
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A Green Thumb
Bundesliga football club Augsburg partners with garden specialist Dehner.
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Back In The Games
Channel 4 is betting on Paralympics to get them back in the sports game.
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Cutting It Close
King of Shaves climbs aboard for Welsh team in Extreme Sailing Series.
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Ki To The City
Korean footballer Ki the most-expensive transfer ever for Swansea City.
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Getting Some Air Time
Bundesliga volleyball signs three-year, media-rights deal with GIP.
