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HIROSHIMA (Reuters) - Kaoru Koyano's unlikely career arc has taken him from dark-suited investment banker to plum-purple professional sports mascot. In between, he was called in to fix the balance sheet of the hottest team in Japanese football, Sanfrecce Hiroshima.
MEXICO CITY (Reuters) - Mexico's government will take control of first division soccer club Gallos Blancos de Queretaro, whose owner is the chief executive of a company at the center of a money-laundering probe involving Citigroup's Mexican subsidiary, a high-ranking government official said on Tuesday.
LOS ANGELES (Reuters) - The National Basketball Association on Friday installed former Time Warner CEO and chairman Richard Parsons as interim chief executive of the Los Angeles Clippers while preparing for an unprecedented bid to force out the team's owner, Donald Sterling.
ST. LOUIS/WASHINGTON (Reuters) - The disclosure that some of the world's largest banks had been used as a conduit for bribes allegedly paid to football officials has prompted the banks to scrutinize their ties with FIFA, and could make it more difficult for the sport's powerful governing body to move money around the world.
LONDON/ST. LOUIS (Reuters) - A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at football's global governing body FIFA, and cautioned banks to step up scrutiny.
NEW YORK (Reuters) - Citigroup Inc
(Reuters) - Citigroup Inc will go to the Rio Games this year with a sponsorship roster deep in household names like gymnast Gabby Douglas and beach volleyball's Kerri Walsh Jennings, but the U.S. bank is also betting on rugby, a new Olympic sport unfamiliar to many Americans.
(Reuters) - NBC, a unit of Comcast Corp, said it had sold $1 billion (700.36 million pounds) in national ad sales for the Summer Olympics in Rio de Janeiro, as the network prepares to broadcast a rare Games where some of the most high-profile contests will air live in prime time for U.S. audiences.
NEW YORK (Reuters) - Dozens of major companies and specialty brands that are not official Olympics sponsors have applied to run advertising campaigns featuring athletes ahead of the Rio 2016 Olympic Games, taking advantage of new rules that are shaking up the business of marketing surrounding the event.
NEW YORK/BERLIN (Reuters) - McDonald's Corp ended its 41-year-old sponsorship of the Olympic Games three years early, the International Olympic Committee said on Friday, reflecting the U.S. fast-food giant's focus on its core business as well as rising Olympics sponsorship costs and declining TV ratings.