Lance Armstrong pays $5 million to settle $100 million US Government Law Suit Lance Armstrong has agreed to pay $5,000,000 to settle claims that he defrauded the federal government by using performance-enhancing drugs at the time that the US Postal Service sponsored his cycling team. It is reported that the US Postal Service paid Armstrong and his cycling team as much as $40,000,000 as part of the sponsorship. View Full Post
The 2018 Commonwealth Games are currently taking place on the Gold Coast of Australia. With doping still at the forefront of discussions in world sport, especially athletics, the Australian Sports Anti-Doping Authority (“ASADA”) implemented a pro-active approach to doping in advance of the Commonwealth Games. View Full Post
Norwich City Football Club has successfully issued a bond for £5,000,000. The five year, fixed term unsecured bond is intended to be ring-fenced to be invested in the club’s academy. The terms of the bond include a 8% annual interest rate that the club will pay to investors, of this 5% of the interest will be paid in cash whilst the remaining 3% will be paid in club credit. View Full Post
UEFA has announced that it will implement a number of changes to its UEFA Champions League competition, commencing from next season. The summary of the key changes are listed and explored further below: More teams will qualify directly for the group stage of the competition: 26 next season compared to 22 this season. View Full Post
Racism in football – what can we expect at this summer’s World Cup? In 2016, FIFA disbanded its anti-racism task force, citing that its work was complete ahead of the 2018 World Cup in Russia. FIFA wrote that the task force “completely fulfilled its temporary mission”, which was to develop concrete solutions to fight discrimination in football and strengthen FIFA’s approach to the issue. View Full Post
Luxury tax in football, what can the NBA teach us? UEFA president Aleksander Ceferin has suggested that the governing body of European football is ready to impose a luxury tax aimed at curbing the power of the largest, most successful clubs in the continent. UEFA has before attempted to achieve a balanced playing field with its introduction of the Financial Fair Play regulations (the “FFP”). View Full Post
Despite increased tension and growing hostility in the region, an agreement has been reached in respect of North Korea’s participation in the Winter Olympics in PyeongChang, South Korea. On 9 January, the two countries met in their first high-level meeting in over two years to discuss North Korea’s participation in the Winter Olympics. View Full Post
Together with the usual transfer speculation this week’s football news has been dominated by the introduction of Video Assistant Referees (“VARs”) in England. VARs have slowly been introduced into the sphere of football. Rugby union has implemented television match officials (TMOs) since 2001, cricket has benefitted from Hawk-Eye since 2001 whilst the 2006 US Open was the first grand-slam tennis tournament to use Hawk-Eye. View Full Post