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RIO DE JANEIRO (Reuters) - The local organising committee for the upcoming Rio Olympics is running a deficit of between 400 million and 500 million reais (93.26 million pounds to 116.38 million pounds), a source with direct knowledge of the committee's finances told Reuters on Monday.
(Reuters) - Against a backdrop of the iconic five rings, legendary swimmer Michael Phelps sat on a United States Olympic Committee stage at a March media event in Los Angeles, telling reporters why he had arrived fashionably late.
RIO DE JANEIRO (Reuters) - With hotels mostly booked, landlords are charging a pretty penny for tourists still seeking accommodation in Rio de Janeiro for the Olympics in August -- asking as much as $2,305 per night for a three-bedroom apartment far from venues and beaches.
LONDON (Reuters) - West Ham United will find it impossible to recreate the intense atmosphere of Upton Park and turn the Olympic Stadium into a "fortress" when they move there next season, said manager Slaven Bilic.
LONDON (Reuters) - West Ham United's first game in their new London Olympic Stadium home will be a friendly against Italian club Juventus on Aug. 7, the Premier League club said on Monday.
MELBOURNE (Reuters) - The owners of three-times A-League champions Brisbane Roar have only days to clear their debts or risk losing control of the financially-stricken club.
HONG KONG (Reuters) - The Hong Kong Windsurfing Association's plan to store equipment in Rio de Janeiro ahead of the 2016 Olympics has been blown off course by exorbitant rental rates.
MELBOURNE (Reuters) - The Queensland Rugby Union (QRU) have filed a court application to have financially-stricken A-League club Brisbane Roar wound up over alleged unpaid debts.