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July 25 Vol 01, Issue 987 TODAY'S TOP HEADLINES New league to benefit AIFF, IMG-R; hasten downfall of I-League IMG-Reliance, AIFF's commercial partner, has mapped an easy route through a franchise-based league which seems economically beneficial to only both these entities at the cost of all other stakeholders in the game. IOC's financial situation is strong and safe: Rogge The International Olympic Committee's assets now stand at some $558m, while revenue from broadcast rights are expected to top $4bn between 2014-16. Kapil Dev to have role in BCCI scheme of things The decks have finally been cleared for India's greatest all rounder and former captain Kapil Dev to have a role play in BCCI managed initiatives. News Corp elevates Fox Sports chief David Hill to larger role in media conglom David Hill transitions to company-wide role as senior EVP, News Corporation; co-presidents Randy Freer and Eric Shanks to run Fox Sports. NCAA fines Penn State $60m, vacates wins from 1998-2011 4-year postseason ban, 5-year probation and vacation of all wins dating to 1998 among penalties imposed by NCAA on Penn State's football program. Gosper: Media help spread the Games across the world Kevan Gosper, chairman of the IOC Press Commission, talks about the important role that the media play during the Games, and how the IOC Press Commission helps facilitate their work. IOC, IPC renew agreement till 2020 Agreement extension will see IOC make increased financial contribution to IPC as part of ongoing commitment to help ensure the Paralympic Games’ long-term future. 'Sportstar' relaunches in new format Timed with the upcoming London Olympics, India’s best known sports magazine, Sportstar, was relaunched today across the country in a new format. Headliner –The Anatomy of a Sports Business Franchise Agreement Franchising has gained increasing credence as a viable model for companies to expand  their business in domestic and international markets. In simple terms, franchising  is the practice of starting up a business based upon the intellectual property rights  and business methods adopted by corporate entities.
FROM THE HOME PAGE   COMMENTARY German GP: Alonso Strengthens Championship Lead PIT STOP PUNDIT - Force India split tyre strategies between their drivers who fight excessive tyre wear to eventually finish 9th (Hulkenberg) and 11th (Di Resta). VIEWPOINT Focus On Superstar Players To Hit Cricket In India QUICK COMMENT - Over-dependence on stars and the lack of a proper future team development plan is going to hurt the game of cricket in India, sooner than later.
BUSINESS INTELLIGENCE
Sports Ministry sanctioned Rs101.89m for elite athletes training(SportzPower) Social media will kill off armchair sports fans - study(Reuters) Games federations play(Business Today) News Corp rejigs top management ahead of separating businesses(Financial Chronicle) UK PM's ex-media boss, friend to face charges for hacking(Reuters)
CRICKET
BCCI to now produce all its matches(Mail Today)
FOOTBALL
I-League will not be affected: AIFF(Telegraph) Clubs to have say in AIFF's 8-team IPL-style league(Times of India) Liverpool Joins Manchester Utd. in Getting Chevrolet Sponsorship(Bloomberg)
LONDON OLYMPICS
London 2012 set to provide lasting sporting legacy (SportzPower ) Brand Police Are on the Prowl for Ambush Marketers at London Games (New York Times ) Keeping Opening Ceremony secret challenges Twitter Games (Reuters ) London Olympics: Dash of chaos, dollops of warmth(Hindustan Times ) Prohibitive ticket prices keep Indian Diaspora off Olympics opening(Zee News ) Athletes rated Delhi Games Village better than London: Maken (NDTV ) For Nobbs, success at Games lies just around the corner(Indian Express ) Delhi High Court reserves order on Suresh Kalmadi's Olympic trip(NDTV )
MOTORSPORTS
Force India optimistic about chances in Hungarian GP(Yahoo!)
TENNIS
MP & Silva renews ATP 250 Delray Beach ITC until 2020(SportzPower)
OTHER SPORTS
Coe prepared to run for president of IAAF(Reuters) Ramachandran gets a further two years as WSF chief(The Hindu) Sports minister Ajay Maken vows to fight for athlete Santhi(Times of India ) CWG case: MSL Spain submitted forged documents, claims Bhanot(DNA) Funds given for 2014 National Games not used so far: Minister(Times of India)