Soccer’s richest clubs such as Real Madrid and Manchester United should pay a levy on bigger transfer fees to address a revenue-sharing system in the sport that’s “skewed” in their favor, according to a report commissioned by the European Commission.
Lance Armstrong’s former team is among eight elite squads that agreed to race in a series that cycling’s top official has called a breakaway league, two people with direct knowledge of the situation said.
Formula One’s not-for-profit ruling body Federation Internationale de l’Automobile is close to completing an agreement to get more revenue from the auto-racing series, according to two people familiar with the situation.
It was day 16 of last year’s three- week-long Tour de France. The RadioShack team of elite cyclists had just completed a punishing 101-mile slog through Alpine foothills from Saint-Paul-Trois-Chateaux to Gap.