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Puma takes up basketball again as it sets new targets

BERLIN (Reuters) - German sportswear brand Puma plans to rejoin the basketball market as it makes a push to grow in the United States and China and bring its profitability closer to that of larger rivals Adidas and Nike.


Modric latest La Liga player to be accused of tax fraud

BARCELONA (Reuters) - Real Madrid midfielder Luka Modric has been accused by Spanish prosecutors of tax fraud of up to 870,728 euros (£0.74 million) in image rights in 2013 and 2014, a court filing showed on Wednesday.


Real Madrid says confident Ronaldo acted legally in tax fraud case

MADRID (Reuters) - Spanish soccer champions Real Madrid said on Wednesday they were confident their star player Cristiano Ronaldo, who faces accusations of committing tax fraud in the country, acted legally.

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Los Angeles ready to shine for IOC evaluation visit

LOS ANGELES (Reuters) - It will be lights, camera, action with the Los Angeles 2024 Olympic bid in the spotlight when the International Olympic Committee visits Tinseltown this week as the race to host the Summer Games heats up.


Fox, Turner win broadcast rights to Argentine soccer

BUENOS AIRES (Reuters) - Divisions of U.S. media companies Twenty-First Century Fox Inc and Time Warner Inc won a joint contract to broadcast Argentine soccer matches for five years from next season, the Argentine Football Association said on Tuesday.


Disappointed South Africa denies skimping on Commonwealth Games budget

DURBAN (Reuters) - South Africa’s government has expressed disappointment at the decision to strip Durban of the right to host the 2022 Commonwealth Games, saying the budget it had guaranteed for the event was sufficient.


Spanish court reopens fraud investigation against Neymar

MADRID (Reuters) - Spain's High Court said on Friday it had reopened a fraud and corruption investigation into Brazilian football player Neymar over his transfer to Barcelona from Santos, after an appeal by the public prosecutor.

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Rio asks to keep Brazil national security forces past Olympics

RIO DE JANEIRO (Reuters) - Rio de Janeiro will try to convince Brazil's government to leave in place indefinitely the national security force that protected the Olympics to cut down on crime amid a budget crisis, state public safety secretary Jose Mariano Beltrame said on Thursday.

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Olympics broadcasting outlook as clear as Rio's diving pool

SYDNEY/RIO DE JANEIRO (Reuters) - When the No. 1 TV station of sports-mad Australia revealed its Olympics broadcast would wipe $50 million (£38.2 million) from annual profits, it was more than a warning for shareholders - it was a sign that the business model of the Games was being shaken up.

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Rio changes are down to the Olympics - IOC

RIO DE JANEIRO (Reuters) - The Olympic Games have been the catalyst for a positive transformation of Rio de Janeiro, the International Olympic committee said on Monday.