Sporting Financial News

Ashwini Ponnappa on Tuesday said she received little to no individual financial assistance from the sports ministry in the build up to Paris Olympics and even her request for a coach was turned down ahead of the just-concluded Games. The Sports Authority of India (SAI) had come out with a document, detailing the financial support provided to the Paris-bound Indian athletes. It mentions that Ashwini was provided Rs 4,50,000 under TOPS and Rs 1,48,04,080 under Annual calender for Training and Competition (ACTC), which included the procurement of Game Ready recovery equipment, international competitions and sparring partner in the Tokyo cycle. «I'm absolutely shocked… I don't mind not getting money but telling the nation that I got money is ridiculous. I haven't received it. Like if you're talking about national camp, then that 1.5 Crore is spent on all the campers,» Ashwini told PTI.

Olympics and baseball is heading toward another reconciliation in 2028. That leads to the inevitable discussion of what the rosters could look like. Commissioner Rob Manfred said last month he was open to the possibility of major leaguers participating, but recent history suggests some obstacles. Baseball was dropped after the 2008 Games, returned in 2021 in Japan, then was left out this year in Paris.

As the Olympics close in Paris, Los Angeles has now taken the torch

For many Olympians, winning gold is the dream come true, but a secure financial future soon becomes the dream once the Star-Spangled Banner is played and the tears are dry.

Vinesh Phogat's fate who was disqualified from the Paris 2024 Olympics gold medal match in the 50kg freestyle wrestling category is now in the hands of Court of Arbitration for Sport (CAS) who will deliver its verdict on August 13. While the hearings are completed and only the verdict is left, there might be a crucial 'loophole' in the United World Wrestling (UWW) rulebook that could potentially benefit Phogat, according to media reports. According to current regulations, Phogat’s disqualification was due to her failing the weigh-in by a mere 100 grams. UWW rules state that no exceptions can be made for such violations, which seemingly rules out the possibility of awarding Phogat a silver medal. However, an intriguing loophole in the rulebook might offer Phogat a chance.

India looks forward to bidding for the Olympics 2036, French President Emmanuel Macron said that India has the «capacity» to organise such events. Speaking to Jio Cinema, Macron said he believes in India's future. He added that the Olympics is fierce competition. «First of all, I am a strong believer in your country and the future of your country. And what you can build and your capacity to organise such events. I think this is a fierce competition. You should not underestimate that fact. I remember that seven years ago when we went to Lausanne, we did compete with the US at that time — Los Angeles. And we found this agreement at the end, it was, it is still a great cooperation. So, competing, by itself, is clearly a great preparation,» Macron said.

cricket team batter Jemimah Rodrigues expressed her excitement about representing the country at the Los Angeles 2028 Olympics. Cricket is brought to the marquee event for the first time since 1900 and the decision to bring it back came last year. A two-day match took place between teams from Great Britain and France. Great Britain won the match by 158 runs. Cricket will return to the Olympic programme at LA 2028 after 128 years in the T20 format. In a post on Instagram, Jemimah wrote, «Loved wearing the current Indian Olympic jersey. Can't wait to play cricket for India at the Olympics soon! Man, what a feeling that'd be.»

A few grams of gold can elevate or depress a nation’s morale and stature. But first; why should any nation spend money on sports, especially one whose population substantially relies on subsidies? Nations invest in sports for three strategic reasons. The first is global positioning.

USA Gymnastics has submitted an appeal against the International Olympic Committee’s decision that gymnast Jordan Chiles must return her Paris Olympics bronze medal in floor exercise.

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.

Olympian Abhinav Bindra-run Abhinav Bindra Foundation, registered in Mohali, for five years. The registration will allow the organisation to receive foreign grants, officials said. Bindra won India's first individual gold medal at the Olympics — in the men's 10-metre air rifle competition — at Beijing in 2008. The non-profit organisation run by Bindra is dedicated to ensuring that global best practices are made available to all sporting activities, according to its website. During the recent Paris Olympics, India secured 71st rank with Neeraj Chopra, Manu Bhaker, Sarabjot Singh, Swapnil Kusale, Aman Sehrawat and the Indian hockey team winning medals.

Paris 2024 Olympics witnessed a historic showdown between two of the world’s leading javelin throwers, Arshad Nadeem from Pakistan and Neeraj Chopra from India. The intense rivalry between these athletes, both hailing from South Asia, has been closely followed in recent years, and their latest encounter did not disappoint. Arshad Nadeem made history by winning Pakistan's first-ever individual Olympic gold with a record-breaking throw of 92.97 meters. Neeraj Chopra, the defending Olympic champion from Tokyo 2020, put up a strong fight with a season-best throw of 89.45 meters, earning him the silver medal. Nadeem’s final throw in the competition was also an impressive 91 meters, further solidifying his victory. Neeraj Chopra's Rise to Stardom

Will Breaking return in the 2028 Los Angeles Olympics? Breaking's popularity was off the charts in the Paris Olympics 2024 that just ended on August 11, with a grand Paris Olympics closing ceremony, that saw Hollywood stars, sports veterans and IOC officials set the stage ablaze at the Stade de France.

sports betting. Asher, who asked that the Thomson Reuters Foundation use a pseudonym to protect the privacy of his recovery group, was drawn into gambling by online poker. «It is just so easy to open these gambling accounts online,» he told the Thomson Reuters Foundation. «At one point I lost over $500,000 to this addiction and almost lost my family.»

Thar Roxx’s revamped features, including an updated grille, redesigned lights, and newly styled alloy wheels. For the first time, Mahindra has showcased the Thar Roxx in a striking White body color option, alongside the classic Black variant.These official images, shared on Mahindra's social media platforms, reveal the Thar Roxx in both Black and White colours.

Stay tuned for Live Updates. Vinesh Phogat CAS Hearing Verdict Live: Rajya Sabha member Priyanka Chaturvedi from Maharashtra has condemned the Indian Olympic Association (IOA) for its handling of Vinesh Phogat's disqualification on Monday.She took to X and wrote, "Wow.

Youth Affairs and Sports Minister Mansukh Mandaviya on Monday urged youth to work with commitment and dedication to become successful and make India a developed nation by 2047. Addressing the «Impact With Youth Conclave 2024» here on International Youth Day, the minister said the 'Mera Yuva Bharat — 'MY Bharat' portal launched by the Centre will become a single window platform for the youth. This year's International Youth Day, themed 'From Clicks to Progress: Youth Digital Pathways for Sustainable Development,' emphasises the importance of digitalisation and the pivotal role young people play in this transformation. «This is a country with a population of 140 crore. It is our collective responsibility to make India a developed nation. In such a situation, youth have a special responsibility,» Mandaviya said.

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible token-related plans.

Britannia, JioCinema are flocking to advertise with them. Ace Shooter Manu Bhaker’s Instagram following has skyrocketed from 1,67,000 a week back to 1.3 million now. Indian Hockey team captain and top scorer in Paris 2024 Olympics Harmanpreet Singh, is among the top trending names whose followers have reached 3,00,000 from low-double digits. Boxer Vinesh Phogat’s socials are also touching upto a million. No wonder, brands both big and small are queuing up to associate with them. Visa, the official global sponsor of the Paris 2024 Olympics, chose badminton star PV Sindhu (3.8million) and javelin lion Neeraj Chopra (9 million) as its brand ambassadors in India.

Olympics athletes are stepping up their fight against advertisers indulging in unauthorised use of their name, image, or likeness for commercial purposes, following in the footsteps of their cricket counterparts. Sports marketing agencies Baseline Ventures and IOS Sports have issued legal notices to brands on behalf of PR Sreejesh and Manu Bhaker, respectively, for using their image or name in their marketing campaigns without prior permission of the athletes, or without having any official association with the international or Indian Olympic committees. Sreejesh was part of the Indian hockey team that won the bronze medal while Bhaker created history by winning two bronze medals, one alongside Sarabjot Singh, at the Paris Olympics that concluded on Sunday. «It's high time corporate firms understood the very basics of marketing and usage of IPs, especially firms that are already involved with sports. Our ask is very simple: pay and play,» Baseline Ventures managing director Tuhin Mishra said.

PARIS – Canada’s record performance at the Olympic Games in Paris did not happen without thorns, but athletes provided unforgettable sporting moments.