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Olympics may shine but plenty to lament in recession-hit Rio

RIO DE JANEIRO (Reuters) - Across a busy street from the Maracanم stadium, host of two World Cup finals and next month the stage for the opening of the first-ever Olympics in South America, squats the massive concrete complex of the State University of Rio de Janeiro.

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Brazil customs' workers to strike ahead of Olympics

BRASILIA (Reuters) - Brazilian customs workers will start an indefinite strike on Thursday over wage increases, their union said on Tuesday, just three weeks ahead of the Olympics when thousands of tourists are expected to flock the South American country.


Barcelona to pay 5.5 million euros fine over Neymar transfer case

(Reuters) - Barcelona have agreed to pay a fine of 5.5 million euros (4.37 million pounds) to the Spanish authorities to settle a tax fraud case over the transfer of Brazil international Neymar in 2013.

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Brazil mulls emergency loan to Rio de Janeiro ahead of Olympics

BRASILIA (Reuters) - Brazil is considering an emergency loan to the cash-strapped state of Rio de Janeiro as it prepares to host the Olympic Games in less than two months, two senior government officials familiar with the situation told Reuters.

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Brazil's impeachment trial to run into Rio Olympics

BRASILIA (Reuters) - The impeachment trial of Brazil's suspended President Dilma Rousseff will conclude in the middle of the Olympic Games in Rio de Janeiro in August, according to a timeline decided on Monday by the Senate impeachment commission.


Family deny alleged Messi involvement in tax scheme

BARCELONA (Reuters) - Barcelona forward Lionel Messi's family have denied Spanish media reports that arose following the leak of the 'Panama papers' that said he was involved in a tax evasion scheme.

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Liberia might not send athletes to Olympics over cost and Zika

MONROVIA (Reuters) - Liberia might not send athletes to the Rio Olympics because of lack of cash and fears about the Zika virus, according to a letter from the finance ministry.


Insight - Debt-laden Turkish soccer clubs pay the price of ambition

ISTANBUL (Reuters) - Ambitions to secure a place at international soccer's top table have come at a high cost for Turkey's leading clubs, which are now struggling to navigate a sea of debt after years of heavy spending.


Lodging tax would help fund 2021 championships

(Reuters) - A proposed increase in Oregon's state lodging tax could be a significant source of income for the 2021 IAAF world championships, officials say.


Bayern see slight dip in 2014/15 turnover, profits up

MUNICH (Reuters) - Bayern Munich saw annual turnover dip slightly to 523.7 million ($554.86 million) in the 2014/15 fiscal year but still broke the half a billion barrier for the second successive year as club bosses demanded bigger TV deals to close the gap with the Premier League.