The IOC has unveiled a new scheme aiming to reduce the cost of hosting summer and winter Olympic Games with more than $1 billion. Is it enough to curb years of cost overruns, asks Professor of sports economics, Wladimir Andreff.

Will the legacies of major sporting events always be cost overruns, abandoned venues, and human rights clampdowns?

Head of La Liga claimed to have produced analysis showing that Paris Saint-Germain’s acquisition of Brazilian striker is "financial doping" and served several blows to the Qatari-owned club when speaking at the Soccerex Convention today.

The Swedish Olympic Committee initially wanted to host the 2022 winter Games, but the city said no. Now, the tune has changed. A majority in the municipality of Stockholm wants to proceed with a bid to host the Olympic and Paralympic Winter Games in 2026.

By 2016, the cost of preparing the 2020 Tokyo Olympic Games had almost quadrupled the initial budget. But then, Tokyo got a new governor.

Both La Liga and Premier League are looking to expand to overseas markets, but expansion could ensue changing dynamics and perhaps end up weakening the domestic leagues.

The Rio 2016 Paralympic organisers have run out of cash. Eduardo Paes, mayor of Rio de Janeiro, promises that the city will cover any extra costs ahead of next month’s Paralympic Games.

The Olympics have the highest average cost overrun of any type of mega-project – something that, according to researchers from SAID Business School and Oxford University, should be a cause for caution for anyone considering hosting the Games.