Quote of the Day

"If you want to carry on doing business in Russia, here's the tax you need to pay -- the kind of a tax that he wants you to pay."
-- Former Russian PM Mikhail Kasyanov, claiming that Russian President Vladimir Putin is forcing tycoons to pay for Sochi projects. (AP, 5/20)
Tuesday May 21, 2013 Vol. 1 — No. 241 Print This Issue

Top Stories

  • Oligarchs Foot Sochi Bills

    President Vladimir Putin, second from right, looks at a stadium model with Britain PM David Cameron, second from left.

    The mountains of Sochi "are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump," according to Nataliya Vasilyeva of the AP. The nicknames used by locals and an army of construction workers "leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses." Countries that have hosted the Olympics "have overwhelmingly used public funds to pay for the construction." The Russian government, however, "has gotten state-controlled companies and tycoons to foot more than half of the bill."

  • Stirring The Pot

    Billionaire Slim's move into football sets up showdown with TV rivals.

  • Over The Hill

    Bookmaker William Hill extends sponsorship of Scottish Cup.

  • Taxing Time

    Lord's owners fighting Treasury after taxable value more than doubles.

  • Not Interested

    Ecclestone floats BMW return to F1; carmaker says no way.

  • Standing Around

    West Ham chairman wants standing areas at Olympic Stadium.

  • China Syndrome

    Chinese mafia suspected of being involved in Levante-Deportivo fix.

  • Staying Alive

    Heineken Cup factions find common ground, final deal swings on TV package.

  • Bets Are Off

    Aussie NRL walks away from $50M sponsorship deal with Waterhouse.

  • Security Alert

    T20 organizers beef up security to protect teams, players in wake of spot-fixing arrests.

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