Germans used to laugh at soccer players who wore long johns in the winter, belittling anyone who opted not to play in shorts as a light-weight. Germans even have a derogatory name for the thermal underwear: Liebestoeter (passion killers).
Reuters Soccer Blog
The bloody attack on Togo’s team bus in Angola is a huge tragedy for African football and like it or not, has cast a shadow over the World Cup in South Africa in five months time — the biggest sports event ever staged on the continent.
The haj is supposed to be a spiritual highlight in a Muslim's life, but everyday issues can sometimes intrude. In between prayers and visits to various sites, pilgrims often discuss all kinds of current issues. Among Algerians and Egyptians on the haj here this year, the buzz is about the public row sparked by a soccer game to qualify for the 2010 World Cup. Algeria won that match 1-0.
Standard Chartered bucks the trend of banks making a dash from sports sponsorship deals and will pay $130 million to put its name on Liverpool Football Club's shirts for four years from next summer. It is one of the most lucrative deals in soccer history.But AIG, Citi, RBS and Northern Rock offer a stark reminder that big sports deals can be high-profile signals of waste. AIG sponsored Manchester United and RBS and ING pumped millions into Formula One, and Northern Rock was better known to millions as the sponsor of Newcastle F.C. than as a mortgage bank -- until its collapse.Citi raised anger after sticking with a controversial $400 million deal with baseball team the New York Mets. All those banks needed taxpayer rescue funds.Critics say big sports deals can reflect poor corporate governance and misguided priorities. Advisory firm Advisor Perspectives this year said a study of 69 U.S. sports "naming rights" deals showed the performance of the companies buying the rights trailed the S&P 500 index by almost 5 percent over the course of the deal.But it could be a good fit for StanChart, which gets 80 percent of its profits in Asia. Liverpool is a big, iconic name in Asia and English Premier League games are screened into millions of homes each week. The prize for the bank is not the domestic or European fields where Liverpool has enjoyed regular success, but the potential customers in China, India, Indonesia, Thailand and across the region.At least there can be few complaints the bank's board is following its heart. Former chairman and CEO Mervyn Davies was a staunch Spurs supporter, current CEO Peter Sands is an avid Arsenal fan and Finance Director Richard Meddings may have struggled to find a global reach with a deal with his beloved Wolverhampton Wanderers.