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PUTRAJAYA: Youth and Sports Minister Khairy Jamaluddin says the Sepak Takraw Association of Malaysia (STAM) will not receive any more funds until they are able to put together a recovery plan to bring the sport back to prominence.
GUATEMALA CITY (Reuters) - Nearly $1 million in funds from soccer's global governing body FIFA may have gone missing from Guatemala's soccer federation last year, according to sources and an internal audit seen by Reuters.
Twelve sports will not be provided funds to prepare for the December SEA Games in Vietnam.
PETALING JAYA: In response to the worsening floods in the east coast of Malaysia, One Goal Malaysia will be channeling part of the funds raised through the "I Eat, I Am" charity football match on Dec 27 December to support emergency relief efforts for flood victims in Kelantan, Terengganu and Pahang.
RIO DE JANEIRO (Reuters) - In the first allegation of corruption linked to next year's Olympics in Rio de Janeiro, Epoca magazine reported that construction company Carioca Engenharia allegedly bribed the speaker of the lower house of Congress in order to secure funds for a massive port area regeneration project.
The Olympic Council of Malaysia (OCM) want all National Sports Associations (NSAs) to be prudent in spending the funds provided by the National Sports Council (NSC) in view of the global economic crisis.
LONDON/FRANKFURT (Reuters) - Italian financier Giulio Gallazzi is seeking binding commitments from a series of hedge funds to finance a proposed takeover of Italy's oldest football club, Genoa CFC, sources familiar with the matter told Reuters.
MUMBAI (Reuters) - An Indian squash player has taken the unusual step of putting his kidney up for sale to raise funds ahead of next month's South Asian Games, according to local media reports.
TORONTO (Reuters) - Bank of Nova Scotia has warned regional football body CONCACAF, which is deeply enmeshed in the FIFA bribery scandal, that it will withhold funds from a major sponsorship deal unless the confederation cleans up its act, according to a source familiar with the bank’s position.
KUALA LUMPUR: Lack of funds have hampered SportExcel's hopes of getting more sports involved in junior circuits.