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Leaky Toilets at Athlete Village Add to Rio 2016 Budget Woes

bloomberg.com — Already strapped for cash, Rio 2016 organizers are now on the hook for last-minute repairs to the athlete village, which at least one arriving delegation has called "unlivable." When the first contingents from Australia, the Netherlands, Great Britain and the U.S. discovered leaking bathrooms, faulty wiring and unlit common areas in the athlete village, they complained quickly and publicly.

Doping - Bloomberg QuickTake

bloomberg.com — If a pill or injection could make you the best in your field, would you take it? Even if that was cheating and might damage your health? For the likes of Lance Armstrong and Ben Johnson, and apparently Russia's Ministry of Sports, the answer was "bring it on."

Fallen Billionaire Batista Lands Olympic Seat After Funding Bid

bloomberg.com — Eike Batista, the ex-billionaire whose meteoric rise and calamitous fall has come to symbolize Brazil's shifting fortunes, has accepted a seat among the guests of honor at the Rio 2016 Olympics. Batista, who gained and lost more than $30 billion with a group of startups that unraveled during the commodities bust, donated $4.5 million to Rio's ultimately successful Olympic bid in 2009.

AC Milan is ready for its long, strange sale saga to end

livemint.com — AC Milan owner, former Italian Prime Minister Silvio Berlusconi, recently said a deal is close and that the Chinese buyers have committed to invest €400 million into the club over the next two years. Photo: Reuters London: For AC Milan, a much-discussed Chinese takeover can not happen quickly enough.

Russian Doping Scandal Is Making Some Rio Vendors Very Nervous

bloomberg.com — Adriano Godoy, the owner of a cleaning services company in Rio de Janeiro, seems an unlikely figure to be closely monitoring the fate of the Russian Olympic team. But Godoy's firm is booked to work during the Games as bathroom attendants at Russia's Olympic hospitality house at a private boat club near the Copacabana beach.

AC Milan Is Ready for Its Long, Strange Sale Saga to End

bloomberg.com — For AC Milan, a much-discussed Chinese takeover can not happen quickly enough. A seven-time European champion, the team has spent the last half-decade in the doldrums. It has missed making the Champions League for four straight years and hasn't been able to attract the talent that could reverse its fortunes.

Rio Olympics Get Reprieve on Sending Doping Tests to Paris Lab

bloomberg.com — Organizers of the Rio de Janeiro Olympic games have been spared from having to send drug tests to Paris after the World Anti Doping Agency announced the city's laboratory had been cleared to resume testing.

Rio Olympics Backup Plan: Fly the Drug Tests to Paris

bloomberg.com — Organizers of the Rio Olympics will ask the game's official airline to fly athletes' blood and urine samples to Paris for testing if Brazil's only accredited laboratory is still suspended by the start of the Games on Aug. 5. About 5,000 drug tests will be conducted during the Games, the most in Olympics history.

Santander Said to Pay $22 Million a Year to Sponsor La Liga

bloomberg.com — Banco Santander SA will pay about 60 million euros ($66 million) to become the title sponsor of Spain's top professional soccer leagues for at least three seasons, according to people familiar with the matter. The league had been seeking as much as 35 million euros a year.

China Financier Sonny Wu Said to Lead $825 Million AC Milan Deal

bloomberg.com — Chinese dealmaker Sonny Wu, whose business holdings span renewable energy and lighting, is leading the proposed takeover of storied Italian soccer team AC Milan, people familiar with the matter said. Wu's private equity firm GSR Capital is the main investor in the consortium that is in advanced talks to buy AC Milan from Silvio Berlusconi's Fininvest SpA, according to the people.
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Jul 25, 2016

Smell of gas at athletes village will eventually disappear, the spokesman added. Part of seeing if connection worked properly.

Jul 25, 2016

Rio 2016 spokesman says smell of gas in athletes village is totally normal. That's how you test gas is connected, he says.

Jul 25, 2016

Cash-Strapped Rio 2016 Facing Compensation Claims Over Uninhabitable Athletes Village  http://bloom.bg/2a4SQWl  via @business

Jul 25, 2016

RT @snolen: here's the #Rio2016 sewage, draining directly fr Olympic Park into the surrounding lagoon  https://twitter.com/felipepena/status/757272824159535104 

Jul 25, 2016

Russia had 35 swimmers in London. Today FINA (swimming's governing body) has ruled 7 ineligible for Rio 2016 because of doping violations

Jul 25, 2016

Who'll not want to be the "unacceptable face of capitalism” if the only threat is losing a knighthood?

Jul 25, 2016

"The retail entrepreneur Sir Philip Green, stands exposed today not as a creator of wealth but as an expropriator"  http://www.thetimes.co.uk/edition/comment/greens-greed-lt3lbblll 


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