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05/16/16
Tokyo 2020 Admits Payments To Diack

The Tokyo 2020 bid committee "admitted making payments" of more than $2M to an account linked to the son of disgraced former IAAF President Lamine Diack but insisted that "they were above-board consultancy fees," according to Owen Gibson of the London GUARDIAN. Former Tokyo Bid Committee Presid ...

Tags: Olympics, Japan

05/13/16
Tokyo 2020 Bid Investigated

French financial prosecutors confirmed they are investigating allegations of “corruption and money laundering” involving more than $2M in suspicious payments apparently made by the Tokyo 2020 Olympic bid to a secret bank account linked to the son of disgraced former IAAF President Lamine ...

Tags: Olympics, Japan

05/12/16
Questions Swarming 2020 Tokyo Games

A seven-figure payment from the "successful Tokyo Olympic bid team to a notorious account" linked to the son of the disgraced former IAAF President Lamine Diack was apparently made during the race to host the 2020 Games, according to Owen Gibson of the London GUARDIAN. The alleged payment of ar ...

Tags: Olympics, Japan

05/11/16
BCCI President Manohar Resigns

Shashank Manohar "resigned as the president" of the Board of Control for Cricket in India on Tuesday, as the embattled organization comes under growing pressure from the country's top court "to introduce wide-ranging reforms," according to the AFP. Manohar wrote to BCCI Secretary Anurag Thakur to an ...

Tags: Leagues and Governing Bodies, India

05/11/16
IndyCar Set To Race In China This Fall

IndyCar is planning a non-championship 600-mile race in Beijing this October, "some five weeks after the season finale" at Sonoma Raceway, according to David Malsher of MOTORSPORT.com. The event is scheduled for Oct. 22-23 "around a 2.56-mile street course in the city’s Fengtai ...

Tags: Events and Attractions, China

05/11/16
Chinese Football Still Needs Grassroots

China is "in the midst of a national football boom, investing billions of dollars in an effort to realise President Xi Jinping’s dreams of hosting, and one day winning, the World Cup," according to the AFP. China, long an "avid consumer of foreign football such as the English Premier League, i ...

Tags: International Football, China

05/10/16
Star India Plans New OTT Sports Service

Star India "is planning to launch a sports subscription service on its over-the-top (OTT) platform Hotstar," according to the TELEVISION POST. Hotstar "has already rolled out its maiden premium service for English content." A premium sports service "is set for launch in the next few months." The pre ...

Tags: Media, India

05/10/16
Hong Kong Should Build More Facilities

Organizers of the weekend’s C3fit Action Asia Challenge "hailed Hong Kong’s first-ever professionally designed mountain-bike trail at Tai Lam Country Park and called on the government to build more world-class facilities" for adventure enthusiasts, according to Nazvi Careem of the SOUTH ...

Tags: Facilities, China

05/10/16
Restricted Ad Breaks Would 'Cripple' BCCI

Experts believe that restricting ad breaks to drinks, lunch and tea intervals for int'l cricket Tests and one-day games "will have a crippling effect on the income of the Board of Control for Cricket in India, and will also impact valuations of current and future broadcast rights," according to Meen ...

Tags: Marketing and Sponsorship, India

05/10/16
IPL Side Kolkata Knight Riders Profiting

The "star power" of Owner Shah Rukh Khan and consistent on-field performance in recent years have "catapulted Indian Premier League team Kolkata Knight Riders into the profit zone even as most other franchises of the popular Twenty20 tournament are yet to hit pay dirt," according to Mahanta & La ...

Tags: Finance, India

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