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UEFA Eases Restrictions on Club Spending

European football is lifting some of the restrictions on club spending in an attempt to make more teams competitive and ensure clubs are more attractive for new investors.

UEFA on Monday agreed to relax some of its Financial Fair Play rules, allowing clubs a period of accelerated spending on players if they present an affordable business model and show they are not "gambling on success."

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Cech Joins Arsenal from Chelsea

Petr Cech has agreed to join Arsenal from Premier League champions Chelsea on a "long-term contract for an undisclosed fee", the Gunners announced on their website on Monday.

The 33-year-old Czech international goalkeeper made over 400 appearances during 11 years at Stamford Bridge, but has recently found himself playing understudy to Thibaut Courtois.

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Serena Sweeps through Wimbledon Opener

A pumped-up Serena Williams kicked off her campaign for a sixth Wimbledon singles title with a straight sets victory on Monday.

The world number one, who is also chasing a rare calendar Grand Slam having already won the 2015 Australian and French Opens, began her bid for the third of the four majors with a 6-4, 6-1 win over Russian qualifier Margarita Gasparyan.

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Singapore Billionaire Acquires Ronaldo Image Rights

Singaporean billionaire Peter Lim, the owner of Spanish club Valencia, has expanded into sports marketing by acquiring the image rights for football superstar Cristiano Ronaldo, it was announced Monday.

Mint Media, a Hong Kong-based firm owned by Lim, said in a statement the six-year contract with Ronaldo would help grow the Portuguese icon's brand in Asia.

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Cycling: Kittel's Absence Opens Door for Cavendish to Shine

Marcel Kittel being forced out of the Tour de France due to a lack of fitness will have had several sprinters and their teams quietly grinning with delight.

The last two years, Kittel has been in a class of his own at the Grand Boucle, winning four stages in each, including both the first and last on each occasion.

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Olympics: Tokyo Stadium Cost Hits $2 Billion, Organizers Say

Japan expects the cost of the 2020 Olympic stadium to rise to 252 billion yen ($2 billion), the country's sports minister said on Monday.

Hakubun Shimomura confirmed that the price tag represented a 90 billion yen hike since the futuristic design by Iraqi-British architect Zaha Hadid was chosen in 2012.

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Gatlin Blazes to 200m Win in 19.57sec

Controversial sprinter Justin Gatlin fired a World Championships warning shot Sunday, winning the 200m title at the U.S. athletics championships in a blistering 19.57sec.

"I wanted to come out and make a statement, and that's what I did," Gatlin said after a career-best that improved on the season-leading 19.68 he set on the same Hayward Field track at the Eugene Diamond League meeting in May.

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Germany, USA Clash for Final Spot at Women's World Cup

Germany and the United States clash in Montreal on Tuesday for the first final berth of the Women's World Cup with champions Japan and England playing their semi-final in Edmonton on Wednesday.

As the tournament enters the final straight the world order remains unchanged with the only absence being third-ranked France who came up against top-ranked Germany in the quarter-finals, losing 5-4 on penalties after the tie ended 1-1 after extra time.

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Ferrer Pulls Out of Wimbledon

David Ferrer has been forced to withdraw from Wimbledon on the eve of the tournament after the Spaniard suffered an elbow injury.

Ferrer, 33, was due to face Britain's James Ward in the first round of the grass-court Grand Slam, which starts on Monday.

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Djokovic Ready to Roll after Paris Pain

Novak Djokovic insists his lack of grass-court practice won't be a hindrance as the Serb aims to erase the bitter memory of his French Open heartache by retaining the Wimbledon title.

While Roger Federer, Andy Murray and Rafael Nadal have all won a Wimbledon warm-up event over the last three weeks, Djokovic opted against playing any competitive tennis in the aftermath of his painful Roland Garros final loss against Stan Wawrinka.

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