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)
Monday August 27, 2012 Vol. 1 — No. 55 Print This Issue

Top Stories

  • 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.

  • A Complex Undertaking

    Cambodian government will fund construction of "Olympic Park-style" facility.

  • A Bigger Cut

    Men's stars say they'll boycott Australian Open if they don't get bigger cut.

  • Fans Stand Strong

    Armstrong Foundation has record day in wake of rider giving up doping fight.

  • A Green Thumb

    Bundesliga football club Augsburg partners with garden specialist Dehner.

  • Back In The Games

    Channel 4 is betting on Paralympics to get them back in the sports game.

  • Cutting It Close

    King of Shaves climbs aboard for Welsh team in Extreme Sailing Series.

  • Ki To The City

    Korean footballer Ki the most-expensive transfer ever for Swansea City.

  • Getting Some Air Time

    Bundesliga volleyball signs three-year, media-rights deal with GIP.

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