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2016 Rio Olympics aim for record sponsorship haul

This is a Thursday, June 27, 2013 file photo of Brazilian Indians shake maracas and shout slogan against the government as they protest in Rio de Janeiro, Brazil. It's the latest in a series of massive, nationwide protests that have hit Brazil since mid-June. Demonstrators are angered about corruption and poor public services despite a heavy tax burden. Protests are also denouncing the billions of dollars spent to host the World Cup and the 2016 Olympics in Rio - money they say should be going toward better hospitals, schools, transportation projects and schools. With financial backing for the 2106 Olympics drying up, Brazilian organizers are scrambling to raise record amounts of local sponsorship money to cover any budget shortfall and avoid a government bailout. (AP Photo/Silvia Izquierdo, File)

With public money for the 2016 Olympics getting tougher to find, Brazilian organizers are scrambling to raise record amounts of local sponsorship revenue to cover any budget shortfall and avoid a government handout.

Posted: November 7th, 2013 in Latest Sports Stories | Read More »

Report: Michael Phelps planning comeback

In this June 23, 2012 file photo, Michael Phelps' coach Bob Bowman, right, looks on as Phelps speaks during a news conference at the U.S. Olympic swimming trials in Omaha, Neb. Turkey has signed Phelps' coach as a consultant on their swimming program for the 2016 Rio de Janeiro Olympics and the 2020 Games that Istanbul hope to host. Bowman, who guided Phelps to a record 18 golds and 22 medals overall at the Olympics, will help select swimmers and advise the Turkish Swimming Federation on strategies to develop competitors, Turkey's Youth and Sports Ministry said Tuesday, April 30, 2013. (AP Photo/Mark Humphrey, File)

The son of the U.S. national swim team director is reporting that Michael Phelps is planning a comeback for the 2016 Rio Olympics.

Posted: May 18th, 2013 in Latest Sports Stories | Read More »

McIlroy says he may skip 2016 Rio Olympics

World number one golfer Rory McIlroy watches his girlfriend Caroline Wozniacki, of Denmark, play against Kazakhstan's Ksenia Pervak during the Brisbane International tennis tournament in Brisbane, Australia, Monday, Dec. 31, 2012. AP

Rory McIlroy may skip the 2016 Olympics because of a problem over which country to represent.

Posted: January 5th, 2013 in Latest Sports Stories | Read More »

Brazil to invest extra $500 million for Rio 2016

rio-2016-logo

Brazil says it will invest an additional $500 million to prepare athletes ahead of the 2016 Rio Olympics, hoping to secure a top-10 finish in the medals table on home soil.

Posted: September 14th, 2012 in Latest Sports Stories,Other Sports | Read More »

Badminton starts buildup for 2016 Rio Olympics

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With A P40-million war chest a year, Philippine badminton is embarking on a long-term campaign to form a “powerhouse team” that will take a crack at the 2016 Olympics in Rio de Janeiro.

Posted: July 28th, 2012 in Headlines,Other Sports,Section | Read More »

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