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Top Olympic sponsor Panasonic is ending its contract with the IOC

Top Olympic sponsor Panasonic is ending its contract with the IOC
This photo shows the headquarters of Panasonic in Kadoma, Osaka prefecture, western Japan, on Nov. 7, 2017. (Kyodo News via AP)
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Updated 10 September 2024

Top Olympic sponsor Panasonic is ending its contract with the IOC

Top Olympic sponsor Panasonic is ending its contract with the IOC
  • In a statement, Panasonic said it became an IOC sponsor in 1987 and expanded to the Paralympics in 2014
  • It did not make clear why it was changing course and said only that is was related to continual ‘reviews how sponsorship should evolve’

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 $2 billion in a four-year cycle to the IOC.

In a statement, Panasonic said it became an IOC sponsor in 1987 and expanded to the Paralympics in 2014. It did not make clear why it was changing course and said only that is was related to continual “reviews how sponsorship should evolve.”

Two other Japanese companies are also among the IOC’s 15 leading sponsors. Toyota, which for several months has been reportedly ready to end its contract, was contacted Tuesday by The Associated Press but offered no new information.

“Toyota has been supporting the Olympic and Paralympic movements since 2015 and continues to do so,” Toyota said in a statement. “No announcement to suggest otherwise has been made by Toyota.”

Japanese sponsors seem to have turned away from the Olympics, likely related to the one-year delay in holding the 2020 Tokyo Olympics. The COVID-19 delay reduced sponsors’ visibility with no fans allowed to attend competition venues, ran up the costs, and unearthed myriad corruption scandals around the Games.

Tiremaker Bridgestone said “nothing has been decided.”

Toyota had a contact valued at $835 million — reported to be the IOC’s largest when it was announced in 2015. It included four Olympics beginning with the Pyeongchang 2018 Winter Games in South Korea and ran through the just-completed Paris Olympics and Paralympics.

Reports in Japan suggest Toyota may keep its Paralympic Olympic sponsorship.

The IOC TOP sponsors are: ABInBev, Airbnb, Alibaba, Allianz, Atos, Bridgestone, Coca-Cola, Deloitte, Intel, Omega, Panasonic, P&G, Samsung, Toyoto, and Visa.

In a report several months ago by the Japanese news agency Kyodo, unnamed sources said Toyota was unhappy with how the IOC uses sponsorship money. It said the money was “not used effectively to support athletes and promote sports.”

Japan was once a major font to revenue, but increasingly the IOC has sought out sponsors from China, with increasing interest from the Middle East and India.

Japan officially spent $13 billion on the Tokyo Olympics, at least half of which was public money. A government audit suggested the real cost was twice that. The IOC contribution was about $1.8 billion.

The Tokyo Games were mired in corruption scandals linked to local sponsorships and the awarding of contracts. Dentsu Inc, the huge Japanese marketing and public relations company, was the marketing arm of the Tokyo Olympics and raised a record-$3.3 billion in local sponsorship money. This is separate from TOP sponsors.

French prosecutors also looked into alleged vote-buying in the IOC’s decision in 2013 to pick Tokyo as the host for the 2020 Summer Games.

The IOC had income of $7.6 billion in the last four-year cycle ending with the Tokyo Games. Figures have not been released yet for the cycle ending with the Paris Olympics.

The IOC’s TOP sponsors paid over $2 billion in that period. The figure is expected to reach $3 billion in the next cycle.


Sinner, Swiatek, Gauff launch US Open title bids

Sinner, Swiatek, Gauff launch US Open title bids
Updated 35 sec ago

Sinner, Swiatek, Gauff launch US Open title bids

Sinner, Swiatek, Gauff launch US Open title bids
  • World number one Jannik Sinner has won two of this season’s three Grand Slams
  • Poland’s Iga Swiatek, the 2022 champion, will be looking to extend her impressive recent form
NEW YORK: World number one Jannik Sinner opens his bid for back-to-back US Open titles on Tuesday as former champions Iga Swiatek and Coco Gauff set out to reclaim the women’s crown at Flushing Meadows.
Italy’s Sinner headlines the day three action when he faces unseeded Czech Vit Kopriva at Arthur Ashe Stadium.
Sinner has won two of this season’s three Grand Slams, the Australian Open and Wimbledon, while also reaching the final of the French Open in June where he lost an epic to Carlos Alcaraz in a fifth-set tiebreak.
The 24-year-old defending champion is a heavy favorite in New York, where he is aiming to become the first man to repeat since Roger Federer capped a remarkable run of five straight championships in 2008.
His preparations for the US Open were blown off course last week when illness forced him to retire while trailing 5-0 to Alcaraz in the Cincinnati Open final.
Sinner said subsequently he was still “not 100 percent” but expected to be fully recovered for Tuesday’s opener.
The Italian’s US Open victory last year came despite a doping scandal which exploded on the eve of the tournament.
He initially escaped a ban after testing positive for an anabolic steroid at Indian Wells earlier in 2024.
Sinner eventually agreed to a three-month suspension, served earlier this year, despite doping authorities accepting that he had been inadvertently contaminated.
The Italian says he has turned the page on that controversy and was fully focused on victory in New York.
“I feel like it’s over,” Sinner said. “We are focusing on hard work again and trying to get better as an athlete.
“I’m very happy to be back here. It’s obviously the last Grand Slam we have for this season so the motivations are very high.”
Poland’s Swiatek, the 2022 champion, will be looking to extend her impressive recent form when she faces unseeded Emiliana Arango in the first round.
The second seed, once viewed as a clay-court specialist, has developed her all-round game this season, with results indicating she is increasingly comfortable on faster surfaces.
She warmed up with victory at the WTA Cincinnati Open hard-court tournament, which followed her breakthrough win on the grass of Wimbledon in July.
The 2023 US Open champion Coco Gauff, seeded three, gets under way against Australia’s Ajla Tomljanovic in a night game on Arthur Ashe.
On Monday, Sinner’s rival Alcaraz opened his campaign with a 6-4, 7-5, 6-4 straight-sets defeat of unseeded American Reilly Opelka.

Venus Williams bows out of US Open as streamlined Alcaraz sails through

Venus Williams bows out of US Open as streamlined Alcaraz sails through
Updated 26 August 2025

Venus Williams bows out of US Open as streamlined Alcaraz sails through

Venus Williams bows out of US Open as streamlined Alcaraz sails through
  • Venus Williams battled bravely before bowing out of the US Open on her return to Grand Slam tennis on Monday as Spanish ace Carlos Alcaraz stormed into the second round with a dominant opening win

NEW YORK: Venus Williams battled bravely before bowing out of the US Open on her return to Grand Slam tennis on Monday as Spanish ace Carlos Alcaraz stormed into the second round with a dominant opening win.
The second full day of action in New York saw all eyes turn to the Arthur Ashe Stadium’s night session, where the 45-year-old Williams lost in three sets to 11th seed Karolina Muchova.
Williams only returned to competitive tennis in July following a 16-month absence from the sport and had been granted a wild card into the main draw at Flushing Meadows.
But hopes of a fairytale run — 28 years after her debut in the tournament — ended in a 6-3, 2-6, 6-1 loss to Muchova, who was not even born when Williams turned professional in 1994.
“I didn’t win today but I’m very proud of the way I played,” Williams, the US Open champion in 2000 and 2001, said.
“I don’t think I’ve ever had a crowd on my side like that. I knew people around the world and around the United States were really rooting for me, and that felt great.”
With the American exiting, 2022 men’s champion Alcaraz took center-stage in the late game in his first round tie against unseeded American Reilly Opelka.
The Spaniard arrived for the game sporting a striking new hairstyle — a severe crew cut — and he duly chopped down the 6ft 11in Opelka with a blistering 6-4, 7-5, 6-4 victory in 2hr 5min.
“Today was a really difficult one,” Alcaraz said. “Reilly is a great, tough player. I couldn’t get the rhythm that I wanted to get but I’m just really happy with what I did today. I did a great performance today.”
Alcaraz is chasing a second US Open title following his maiden Grand Slam victory at the tournament three years ago.
Australian Open winner Madison Keys became the highest-ranked player to exit so far, the sixth seed losing to Mexico’s Renata Zarazua 6-7 (10/12), 7-6 (7/3), 7-5.
“Today was the first time in a while where my nerves really got the better of me and it kind of became a little bit paralyzing,” home hope Keys said.
“I was just slow, I wasn’t seeing things the way that I wanted to, which I feel like resulted in a lot of bad decisions and lazy footwork.”
Czech Republic’s Barbora Krejcikova bundled out rising Canadian star Victoria Mboko, defeating the teenager 6-3, 6-2.
Belgian 19th seed Elize Mertens ousted wild card Alyssa Ahn 6-1, 6-0 while Ukrainian 30th seed Dayana Yastremska exited in a 6-7 (5/7), 7-6 (7/5), 6-4 loss to Russia’s Anastasia Pavlyuchenkova.
Two-time Wimbledon champion Petra Kvitova brought the curtain down on her career after a 6-1, 6-0 defeat to France’s Diane Parry.
The 35-year-old Czech had already announced her intention to retire after the US Open, but was nonetheless overcome with emotion as she said farewell to the sport, breaking down in tears as she addressed fans afterwards.
“I hoped I would put on a better show today,” Kvitova said. “It was tough to know it could be my last match, and emotionally it was very tough as well.”
Qualifier Coleman Wong became the first man from Hong Kong to record a victory in a Grand Slam singles event in the Open era with a 6-4, 7-5, 7-6 (7/4) defeat of US player Aleksandar Kovacevic.
It was the latest in a series of breakthrough results by young Asian players at this year’s US Open.
Alexandra Eala of the Philippines — who trains with Wong at Rafael Nadal’s academy in Spain — and Indonesia’s Janice Tjen both won their first-round matches in the main draw.
British fifth seed Jack Draper needed four sets to get past Argentina’s Federico Gomez, 6-4, 7-5, 6-7 (7/9), 6-2.
Other seeds to advance included Norway’s Casper Ruud, the 12th seed, who downed Austria’s Sebastian Ofner 6-1, 6-2, 7-6 (7/5).
US 17th seed Frances Tiafoe beat Japan’s Yoshihito Nishioka 6-3, 7-6 (8/6), 6-3.


Inter thrash Torino with five-goal masterclass to start campaign

Inter thrash Torino with five-goal masterclass to start campaign
Updated 26 August 2025

Inter thrash Torino with five-goal masterclass to start campaign

Inter thrash Torino with five-goal masterclass to start campaign
  • It was Inter’s first victory by at least five goals in a season opener since 1961, and a far cry from their Champions League final defeat in May, when Paris St. Germain won by the same score
  • Thuram: This victory means we started well without conceding a goal, and that was important

MILAN: Inter Milan wasted no time flexing their attacking muscle as they dismantled Torino 5-0 at home to open their Serie A campaign on Monday.

Marcus Thuram scored twice as Inter at times turned the Torino box into a playground, creating far more chances than the scoreline suggested.

Inter asserted their superiority from the first whistle at San Siro, with Thuram almost striking inside the opening minute when his header flashed just over the bar.

The hosts’ dominance was rewarded in the 18th minute when Alessandro Bastoni rose highest at a corner and guided a looping header over the Torino defense and inside the far post.

Nine minutes before the interval, Petar Sucic slipped Thuram through inside the Torino box, and the Frenchman finished with ease from an acute angle to double Inter’s lead.

The goal appeared to free Inter up creatively in attack, with both the forward and midfield carving out chance after chance against a disorganized Torino defense who looked relieved at the halftime whistle.

Inter carried their superiority into the second half, as Lautaro Martinez pounced on a misplaced Torino backpass in the box and calmly slotted home Inter’s third seven minutes in.

Thuram continued the onslaught in the 62nd minute when he rose high to head in a cross from Bastoni.

In the 72nd minute Torino were punished again for sloppy defending when Denzel Dumfries intercepted a misplaced pass out from the back. A quick exchange of passes left Ange-Yoan Bonny unmarked in the box, and he calmly slotted home to complete the rout.

It was Inter’s first victory by at least five goals in a season opener since 1961, and a far cry from their Champions League final defeat in May, when Paris St. Germain won by the same score.

“This victory means we started well without conceding a goal, and that was important. We’re not 100 percent yet, but we’re working toward that. It was a good match,” Thuram told Sky Sport.

“What happened last season is in the past, this is a new campaign and we have learned from that experience.”

Bastoni agreed with his teammate.

“We were all really eager to come back and prove to ourselves that despite a difficult end to the season, we were still hungry and wanted to show what we could do,” he said.


Ngumoha in dream Premier League debut with late winner for Liverpool at Newcastle

Ngumoha in dream Premier League debut with late winner for Liverpool at Newcastle
Updated 26 August 2025

Ngumoha in dream Premier League debut with late winner for Liverpool at Newcastle

Ngumoha in dream Premier League debut with late winner for Liverpool at Newcastle
  • Ngumoha broke Newcastle’s hearts shortly after coming off the bench, thrashing in the winner with a first-time right-foot shot in the 10th minute of stoppage time to become Liverpool’s youngest ever scorer
  • It was a sickening blow for Newcastle who were again without outcast striker Isak, but who began the game in superb fashion

NEWCASTLE, England: The absent Alexander Isak dominated the buildup to Newcastle United’s clash at home to Liverpool but the Swede was temporarily forgotten in a rip-roaring contest that ended 3-2 to the reigning champions thanks to a stoppage-time winner by teenaged Premier League debutant Rio Ngumoha.

Isak’s desire to leave Newcastle, with Liverpool his destination of choice, guaranteed a boisterous St. James’ Park atmosphere and it seemed Arne Slot’s visitors had buckled as they threw away a flattering 2-0 lead against a side reduced to 10 men by Anthony Gordon’s red card in first-half stoppage time.

But 16-year-old Ngumoha broke Newcastle’s hearts shortly after coming off the bench, thrashing in the winner with a first-time right-foot shot in the 10th minute of stoppage time to become Liverpool’s youngest ever scorer and the fourth youngest in Premier League history.

It was a sickening blow for Newcastle who were again without outcast striker Isak, but who began the game in superb fashion.

Even when the red mist and fate had dealt them multiple blows they still showed great resilience to fight back but it all counted for nothing in the end.

“We know there was a lot of oil on the fire this week to get Newcastle fired up,” Liverpool skipper Virgil van Dijk said.

“I enjoy these type of atmospheres, so I was really looking forward to it but we could’ve made it easier. We gave them the boost and the feeling and the drive with the fans behind them but we managed to get the three points and move on.”

Liverpool had been forced to soak up Newcastle pressure for half an hour and had made little headway but took the lead completely against the run of play when Ryan Gravenberch cut in from the left and dispatched a low shot just inside Nick Pope’s post in the 35th minute.

Rash tackle

Newcastle’s frustration got the better of Gordon who was sent off in first-half stoppage time for a rash tackle that left stud marks on the back of van Dijk’s calf – his initial yellow card being upgraded to a red by referee Simon Hooper.

And when Hugo Ekitike, who Newcastle had wanted to sign possibly as a replacement for Isak, struck 20 seconds after the break with the sort of clinical side-foot finish that makes you wonder whether Liverpool even require more strikers, it looked all over for the hosts.

It was a curiously lethargic display by Liverpool though with Mohamed Salah unusually quiet and when Bruno Guimaraes headed past Alisson in the 57th minute the noise levels rose and Newcastle were re-energized.

Liverpool completely lost control of the game and were punished in the 88th minute as William Osula seized on defensive hesitation to nip onto a long punt forward by Pope and slot a close-range finish past Alisson.

Despite being a man down and suffering injuries to Sandro Tonali, Joelinton and Fabian Schar it looked like Newcastle might grab an unlikely win but Ngumoha struck in fairytale fashion to make it two wins from two games for Liverpool.

They join Arsenal and Tottenham Hotspur on six points while Newcastle, who will be desperate to settle the Isak saga before the closure of the transfer window next week, have one point from their opening two games.

“Second half we had a mountain to climb at 2-0 down with 10 men but I thought we controlled the game,” Newcastle manager Eddie Howe said. “I thought we were really good and fought our way back unbelievably well but couldn’t get over the line.”

Howe opted not to comment on reports that Newcastle’s Saudi hierarchy had flown in for talks with Isak in a bid to resolve a saga that has been running since Liverpool had a bid of more than €100 million ($135.09 million) rejected for the player who has scored 54 goals in 86 Premier League games for Newcastle.

“We hope that we can bring players in,” Howe said. “We have been trying throughout the window, especially in the forward positions.”


Global e-sports conference in Riyadh ends with new tournaments announced, industry deals signed

Global e-sports conference in Riyadh ends with new tournaments announced, industry deals signed
Updated 25 August 2025

Global e-sports conference in Riyadh ends with new tournaments announced, industry deals signed

Global e-sports conference in Riyadh ends with new tournaments announced, industry deals signed
  • More than 1,500 delegates, 500 CEOs attend event organized by Esports World Cup Federation
  • Ubisoft announce plan to make UNESCO World Heritage site AlUla playable in ‘Assassin’s Creed Mirage’

RIYADH: The New Global Sport Conference 2025, held alongside the closing weekend of the Esports World Cup in Riyadh, finished Monday with a series of announcements and partnerships aimed at shaping the future of gaming and electronic sports.

The event, organized by the Esports World Cup Foundation, brought together more than 1,500 delegates, including 500 CEOs from the gaming, sports, technology and investment sectors.

Senior Saudi officials, including Sports Minister Prince Abdulaziz bin Turki Al-Faisal and Saudi Esports Federation Chairman Prince Faisal bin Bandar bin Sultan, outlined the Kingdom’s ambitions to make gaming and e-sports a driver of future economic growth.

A key announcement was the launch of the Esports Nations Cup, the first international competition where national teams will represent their countries.

The inaugural edition is scheduled for November 2026. Ubisoft’s Francois-Xavier Deniele said: “There is something different with nations, this sentiment of pride that continues to grow around the world.”

Hans Jagnow, director of NGSC 2025, said the scale of collaboration marked a turning point for the industry.

“NGSC 2025 has solidified its role as the platform where the future of our industries is shaped,” he said. “The outcomes of this year’s conference will set the direction of our industry and drive the growth and transformation of gaming and e-sports worldwide.”

Ubisoft also unveiled a partnership with Ƶ to recreate AlUla, a UNESCO World Heritage site, as free playable content in “Assassin’s Creed Mirage.”

CEO Yves Guillemot described it as “an opportunity to share Ƶ’s cultural heritage with players worldwide.”

Panels and sessions featured leading figures including World Chess Champion and Esports World Cup winner Magnus Carlsen, Olympic gold medalist Alex Morgan, LA28 Olympics Chairman Casey Wasserman, Twitch CEO Dan Clancy, and game creator Hideo Kojima.

Ralf Reichert, CEO of the Esports World Cup Foundation, said: “Players need more opportunity, more great stages, more moments where they can become heroes.”

Morgan urged an “athlete-first approach,” while Wasserman underlined the need for inclusive competition structures.

Over the course of the conference, more than 250 meetings were held and 30 agreements signed, including with UNICEF, the World Football Summit, Savvy Games Group and AWS.

NGSC 2025 also introduced two new formats: The Foundry, focused on start-up pitches and investment, and NGSC Studio, which broadcast live sessions to more than 100,000 viewers worldwide.

The event will return to Riyadh in 2026.