Sports news. Confusao in Brazil. Retweets don't mean endorsements etc. views mine, all mine. Instagram: tariq_panja

Brazil Police Probe Mayor’s Office on Suspicion of Embezzlement — Federal police are investigating the mayor and top officials of a city in Brazil's Rio de Janeiro state for allegedly stealing as much as 30 million reais ($11 million) a month, a detective on the case said.

Rio Mayor Says 2016 Olympics on Time, Dismisses Audit Concerns — Rio de Janeiro's preparations for the 2016 Olympics are back on schedule, Mayor Eduardo Paes said today. South America 's first games will cost an estimated 37.6 billion reais ($14.2 billion), with 57 percent of the price being met by the private sector, Paes said as he presented the end-of-year budget at the under-construction Olympic Park.

FIFA Ban on Third-Party Soccer Player Investment to Start in May — FIFA said a global ban on third-party player ownership will start May 1, ending a practice that has made millions of dollars for investors speculating in soccer's $3.7 billion global transfer market. FIFA 's executive board announced the decision today at a meeting in Marrakesh, Morocco, after saying in September it wanted to end the practice that started in South America before spreading to Europe.

Soccer’s Richest League Tests Appeal With Latest Broadcast Sale — Broadcasters in the U.K. have the chance to bid for the rights to screen England 's Premier League, soccer's richest championship that saw TV income rise 70 percent in the last auction. British Sky Broadcasting Group Plc and BT Group Plc in 2012 paid a record 3 billion pounds ($4.71 billion) for the rights to show teams including Manchester United and Liverpool for three seasons.

Swiss Parliament Approves Money Laundering Laws Covering Sports — Lawmakers in Switzerland, home to FIFA and the International Olympic Committee, have broadened money laundering laws to include sports officials. The law, which expands the term "politically exposed person" to include sports officials and members of intergovernmental organizations, was passed today by a vote of 128 to 62, Parliament said on its website.

Brazil Bank Stops Volleyball Sponsorship Amid Corruption Probe — Companies controlled by relatives of the ex-president of Brazil's volleyball federation as well as current and former administrators misappropriated 30 million reais in sponsorship income, according to a report by the country's anti corruption body.

World Cup Winner Ronaldo Takes Stake in Florida Soccer Team — Ronaldo, who won the 2002 World Cup with Brazil, is moving into U.S. soccer. Ronaldo is joining the ownership group of the Fort Lauderdale Strikers, a team that plays in the North American Soccer League. He most recently served on the board of the organizing committee for the World Cup in Brazil this year.

Soccer Players Left Unpaid as Sponsors Flee: Corporate Brazil — The boost that the World Cup was supposed to give Brazilian soccer hasn't materialized as a sluggish economy and budget shortfalls leave the majority of top division clubs unable to pay salaries.

Brazil’s Fluminense Faces Talent Exodus as Sponsor Unimed Quits — Brazilian soccer team Fluminense will have to fill a funding gap to keep players including league top scorer Fred after its sponsor of 15 years said it wouldn't renew their accord. Health insurer Unimed-Rio contributes about 100 million reais ($38.4 million) to the 111-year-old club, which is about 70 percent of its revenue, according to Pedro Daniel, an economist who analyzes the country's soccer industry for auditor BDO Brazil.

Rio police investigating ‘illegal’ Uber amid car seizure threat — Uber said it hasn't received any notification from authorities in Rio and is looking forward to working with policy makers on 'common sense' regulation. Photo: Reuters Rio de Janeiro: Uber Technologies Inc., the mobile car-booking company valued at $40 billion, is operating illegally in Rio de Janeiro and its drivers risk having their cars seized, according to the city's transport office.
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Dec 22, 2014

RT @patrick_nally: FIFAofficials hold secret talks with Blatter… @fcbusiness” Its his house he built it and he will leave when he decides

Dec 22, 2014

RT @bbc5live: The lights are going out over England as councils dim street lamps to save money

Dec 21, 2014

@JQStar next remarkable scenes. Almost feel bad for the dogs not dressed.

Dec 21, 2014

Anatomy of a hoax: how a 17-year-old built a crazy rumour that swept financial media

Dec 21, 2014

Early and most-striking impression of Bogotá: Nowhere have I seen such a fetish for clothing dogs.

Dec 20, 2014

@NextFIFAPres @AucklandCity_FC if you change timings van perhaps invite more teams to make it more competitive. Maybe 2 from each region.

Dec 20, 2014

@NextFIFAPres @AucklandCity_FC idea of world championship seems fanciful. Perhaps makes more sense to play at end of season.

Dec 20, 2014

For all FIFA marketing, power of Euro club teams makes World Club Cup meaningless as a competition. Still, great show from San Lorenzo fans

Dec 20, 2014

RT @WSJ: Elizabeth Warren's focus on income inequality is pushing Democrats to rethink economic message

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