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Toyota Confirms it Will End Olympics, Paralympics Sponsorship

Akio Toyoda (Reuters)
Akio Toyoda (Reuters)
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Toyota Confirms it Will End Olympics, Paralympics Sponsorship

Akio Toyoda (Reuters)
Akio Toyoda (Reuters)

Toyota Motor Chairman Akio Toyoda confirmed on Thursday the company will not renew its 10-year contract as a top sponsor for the Olympics and Paralympics following the Paris Games.
The world's biggest automaker, which had already suggested it would not renew the contract when it expired, will continue to financially support athletes, Toyoda said in the company-owned media channel.
Earlier this month, Panasonic Holdings announced it would also end its 37-year contract as a top sponsor after it became an official partner of the Olympic Games in 1987, according to Reuters.
The International Olympics Committee saw revenues of $2.295 billion from its top sponsors for the period 2017-2021, the second-biggest source of income for the Olympic movement, with broadcasters paying $4.544 billion over the same period.

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Renard Confirms Saudi National Team's Readiness for the 26th Arabian Gulf Cup

The Saudi team is set to face Bahrain on Sunday - SPA
The Saudi team is set to face Bahrain on Sunday - SPA
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Renard Confirms Saudi National Team's Readiness for the 26th Arabian Gulf Cup

The Saudi team is set to face Bahrain on Sunday - SPA
The Saudi team is set to face Bahrain on Sunday - SPA

French coach Hervé Renard has confirmed the Saudi national football team's readiness to compete in the 26th Arabian Gulf Cup in Kuwait, from 21 December 2024 to 3 January 2025, and stressed that the team aims to achieve great results, rather than merely gain experience.
Renard also said the tournament is a valuable opportunity to enhance the players' technical and physical capabilities, SPA reported.
Speaking at a press conference, Renard said: "We are here to participate effectively and win. This tournament provides a great platform to work with the players and prepare them for future competitions."
Regarding the team's condition, Renard said that player Hassan Tambakti is ready for action, while Salem Al-Dawsari is "working on regaining full fitness".

He commended Al-Dawsari for his dedication to speeding up his recovery. Meanwhile, Firas Al-Brikan is dealing with an injury, and his availability will depend on further evaluations, said Renard.
Acknowledging the challenges ahead, Renard said: "I accepted this challenge because I believe in the players' capabilities. We must work with team spirit and focus on improvement in the coming period."
As far as the team's opening match against Bahrain is concerned, Renard said: "We are preparing for a tough game. The preparation period was crucial, and our focus now is on delivering a strong performance."
The Saudi team is set to face Bahrain on Sunday in what promises to be an exciting start to their Gulf Cup matches. Both teams are eager to make a strong impression in their opening match.