China Financial Daily

Financial turmoil attack charity organization; the God of Wealth for golf tournament are “to escape”
Under the world financial crisis, the sports industry has begun to re-shuffle while this turmoil is bleaker and bleaker, so the world sports are in the recession. As the professional golf tournament rely on financial support, so it can not escape the crisis. Female International golf tournament also is impacted by the financial crisis. Due to the loss of a major sponsor ADT insurance company, there are 4 games having been canceled in advance.

International Gymnastics Association announced to abolish the World Cup of Gymnastics from next year
In 2008, the Gymnastics World Cup finals had been open yesterday in Spain. However, as the global financial crisis is so fierce that there is no body to express the host of the next Gymnastics world cup next due. Therefore, the International Gymnastics Association had announced to call off the Gymnastics World Cup from next year.

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