Sports

Swiss cabinet backs 2026 Winter Olympic bid

Switzerland’s federal government said Wednesday it is prepared to pay almost 1 billion Swiss francs ($1.02 billion) toward Sion hosting the 2026 Winter Olympics.
The Swiss federal council voted to support the proposed candidature, which could still be stopped by public opposition. It was a rare signal of support for hosting the Games after voters in the Austrian city of Innsbruck gave a thumbs down to the idea on Sunday, joining around a dozen cities that have pulled out of the running.

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Cristiano Ronaldo attempts to score in online trading

Cristiano Ronaldo, said to be the world’s most highly paid football player, is lending his name to promoting contracts for difference (CFDs) derivatives, which regulators across Europe have been seeking to clamp down upon due to the high risk of deep losses to retail investors they can entail.

The mercurial Portugal and Real Madrid forward tweeted his 59 million followers last month to say, “Happy with my new partnership with @EXNESS”.

He also retweeted a statement from Exness in which he says:”It’s an honour to partner with an international company that gives back to the world not only in offering the highest quality of services but also in fostering a socially conscious culture.

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US, Mexico, Canada: joint-venture to host the richest World Cup in 2026

The football associations of the United States, Canada and Mexico have announced their intention to submit a joint bid to host the 2026 World Cup. The CONCACAF countries confirmed their plan to bring the tournament to North America at a press conference at One World Trade Centre in New York.

"Especially with what’s going on in the world today, we believe this is a hugely positive signal and symbol of what we can do together in unifying people," U.S. Soccer Federation President Sunil Gulati said at Monday’s bid launch, "especially in our three countries."
Gulati didn’t directly mention President Donald Trump in that particular remark, but the impact of the policies of the fledging administration on a World Cup bid involving feuding neighbors was a constant theme during the press conference.

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FIFA sends internal investigation to Swiss authorities

FIFA has sent 1,300 pages of internal investigation reports into suspected bribery and corruption to Switzerland’s attorney general. However, the footballl organisation said Friday it was legally barred from publishing the full reports or commenting on the evidence or conclusions.

Launched soon after the dramatic arrest of several top officials at a luxury Zurich hotel before the FIFA Congress in May 2015,
the 22-month review, conducted by American law firm Quinn Emmanuel and their Swiss counterparts NKF, reviewed more than 2.5 million documents and interviewed dozens of witness before revealing its findings.

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Football Leaks, the huge investigation into the world of Champions

Cristiano Ronaldo and Jose Mourinho could have been involved in a multi million-euro system of "tax evasion", according to leaked documents obtained by a number of media outlets.

A group of 12 European newspapers said it intends to disclose over the next three weeks the results of investigations, based on 18 million documents of leaked data, into widespread alleged corruption at the heart of football under the banner "Football Leaks".

Based on leaked documents obtained by German weekly Der Spiegel, the outlets claim that Real Madrid and Portuguese star Ronaldo could have "hidden 150 million euros in tax havens in Switzerland and the British Virgin Islands".
"On this amount, the striker paid only 5.6 million euros in taxes, or barely four percent," added the report.

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Kobe Bryant launches $100 million investment fund

Kobe Bryant, former NBA basketball star, after retiring from the world of sport, dedicated to finance. Together with the entrepreneur Jeff Stibel, he shares a venture capital fund of 100 million dollars.

As he told the Wall Street Journal, Bryant and Stibel have decided to officially launch their investment vehicle dedicated to the tech industry companies, media and data management only after the withdrawal of Kobe. In fact, the fund, based in Los Angeles, has been running since 2013, so as to have invested in a dozen companies.

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