Top Olympic sponsor Panasonic is ending its contract with the IOC

Top Olympic sponsor Panasonic is ending its contract with the IOC

TOKYO — Olympic sponsor Panasonic is terminating its contract with the IOC at the end of the year, the company said in a statement Tuesday. Panasonic is one of 15 companies that are so-called TOP sponsors for the International Olympic Committee. It’s not known the value of the Panasonic sponsorship, but sponsors contribute more than … Read more

How reggaeton stars are driving a basketball boom in Puerto Rico

How reggaeton stars are driving a basketball boom in Puerto Rico

CAROLINA, Puerto Rico — Vianca Braña never used to attend basketball games in her hometown of Carolina, Puerto Rico — or anywhere else in the United States territory. But in recent years, the 23-year-old has left the arena with a hoarse voice, often wearing a T-shirt that reads “Carola,” a nickname for her town. “We … Read more

Owning Wrexham is hitting Ryan Reynolds in the wallet. Club owes its celebrity owners more than $11M

Owning Wrexham is hitting Ryan Reynolds in the wallet. Club owes its celebrity owners more than M

Owning a soccer club is hitting Ryan Reynolds in the wallet. Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob McElhenney in 2021, released its accounts for the latest financial year on Thursday and reported that the amount owed to celebrities has risen to nearly 9 million pounds ($11.4 million). That was … Read more

Owning Wrexham is hitting Ryan Reynolds in the wallet. Club owes its celebrity owners more than $11M

Owning Wrexham is hitting Ryan Reynolds in the wallet. Club owes its celebrity owners more than M

Owning a soccer club is hitting Ryan Reynolds in the wallet. Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob McElhenney in 2021, released its accounts for the latest financial year on Thursday and reported that the amount owed to celebrities has risen to nearly 9 million pounds ($11.4 million). That was … Read more

China jails sports officials convicted of taking bribes

China jails sports officials convicted of taking bribes

BEIJING — The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption. Chinese courts on Tuesday handed down sentences of between eight years and life in prison to officials in the Communist Party-controlled sports programs, accusing them of taking bribes and committing other … Read more