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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.

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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.


Bundesliga signs tv deal with 21st Century Fox

BERLIN (Reuters) - The Bundesliga has signed a five-year global broadcasting agreement with 21st Century Fox, the German league said on Monday, as it seeks to broaden its international exposure and close the gap on England and Spain.


Booming Bundesliga posts record turnover for 2012-13

BERLIN (Reuters) - Bundesliga turnover rose by more than four percent in the 2012-13 season to 2.17 billion euros ($2.97 billion) as it posted record figures for the ninth straight year, officials said on Tuesday.


Real Madrid stay top of money league despite barren year

LONDON (Reuters) - Spain's Real Madrid retained the title of the world's richest football club in the past year thanks to sponsorship and TV deals robust enough to endure a season without a major trophy, a study showed on Thursday.