Canada enjoy golden Summer in Olympic pool as Australia impress

Gold medalist Canada's Summer Mcintosh poses after the women's 200m butterfly swimming event during the Paris 2024 Olympic Games at the Paris La Defense Arena in Nanterre, west of Paris, on Aug. 1, 2024. (AFP)
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Updated 02 August 2024
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Canada enjoy golden Summer in Olympic pool as Australia impress

  • The 17-year-old McIntosh came to Paris Games with high expectations after stellar performances over the past two years and she is more than matching her nation’s hopes
  • Australia’s dominant women’s team continued their run of relay successes with victory in the 4x200m freestyle

PARIS: Canada’s Summer McIntosh enhanced her status as one of the standout stars of the Paris Olympics on Thursday, winning the women’s 200m butterfly as powerhouses Australia won a fifth gold in the pool.

America’s Kate Douglass triumphed in the women’s 200m breaststroke while Hungarian Hubert Kos took gold in the men’s 200m backstroke.

Australia’s dominant women’s team continued their run of relay successes with victory in the 4x200m freestyle.

The 17-year-old McIntosh came to Paris Games with high expectations after stellar performances over the past two years and she is more than matching her nation’s hopes.

After winning the 400m medley and taking silver behind Ariarne Titmus in the 400m freestyle, McIntosh was favorite in an event where she has already won two world championships.

But her victory was emphatic as she produced the second-fastest time in history and the quickest in 15 years.

McIntosh hit the wall in an Olympic record 2min 03.03sec ahead of America’s Regan Smith and Chinese defending champion Zhang Yufei.

Her mother, Jill, had competed in the same event in the 1984 Los Angeles Games and the teenager was quick to remember that family history.

“The fact my mom did this event at the Olympics all the way back in 1984 and for me to be doing it now, I know she’s unbelievably proud of me,” she told Canadian broadcaster CBC.

“It’s pretty unreal. The 200m fly I would say is one of my favorite races and it has been since I was a little kid. That last 50, I was just trying to feed off the crowd as much as possible. I knew it was going to be a fight to the wall.”

South Africa’s Tatjana Smith fell just short of a repeat gold in her final race at the Olympics before her retirement, being pipped by the impressive Douglass in the women’s 200m breaststroke.

Smith established an early lead but Douglass was impressive at the turns as she finished in a time of 2:19.24.

The 22-year-old Douglass was the silver medallist in the 200m breaststroke at the 2023 and 2024 world championships.

“I’m really excited. For a while I wasn’t sure if Olympic champion was going to be possible for me to say, and now it’s just really exciting to see it happen,” she said.

Smith, who won gold in the 200m breaststroke in Tokyo under her maiden name Schoenmaker and gold in 100m breaststroke earlier this week, confirmed she was bowing out of the sport.

“I think it’s really just now embracing life and seeing what’s outside of swimming like my passions outside of swimming,” said the 27-year-old.

Hungary has a rich swimming tradition but was without a gold in Paris until Kos produced a turbo-charged final lap to overtake Greece’s Apostolos Christou.

The 2023 world champion, who is trained by Michael Phelps’s former coach Bob Bowman, produced a devastating final 25 meters to leave the Greek in his wake and finish a comfortable winner in the end.

It continues an impressive Olympics for Bowman’s swimmers, with French favorite Leon Marchand having already claimed three gold medals.

“Without him I’d probably be like 15th in the 2IM (200m Individual Medley) right now. It’s been an incredible journey with him, and I’m just to happy be part of a team like that,” said Kos, who swims at Arizona State University.

“The magic touch is the work. He doesn’t let us be second best. He doesn’t let us stoop down to a level he doesn’t want from us. That brings out the best in us.”

The USA has dominated the women’s 4x200m freestyle relay but Australia came out on top in an Olympic record time of 7:38.08, with Ariarne Titmus sealing the deal.


Juventus ‘not for sale’ say Agnellis, rejecting crypto giant Tether’s bid

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Juventus ‘not for sale’ say Agnellis, rejecting crypto giant Tether’s bid

  • Tether bid values Turin club at €1.1 billion
  • Buying Juventus could burnish crypto firm’s image in Europe
  • Juve struggling amid financial and sporting challenges
  • Juventus ‘not for sale’ say Agnellis, rejecting crypto giant Tether’s bid

MILAN: Italy’s Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, the CEO of their holding company said on Saturday, rejecting Tether’s shock offer for Italy’s most successful football club.

“Juventus, our history and our values are not for sale,” said Exor CEO John Elkann, who wore a team hoodie in a rare video address posted on the Turin-based Serie A club’s website.

Tether, headquartered in El Salvador and run by Italian Paolo Ardoino, a Juventus supporter, said on Friday it had submitted an all-cash proposal to buy Exor’s stake in the club.

Tether said it would make a public tender offer for the remaining Juventus shares at the same price and it planned to invest one billion euros to support the club known in Italy as Juve if the deal goes ahead.

The crypto company is offering Exor €2.66 per share, a source familiar with the matter said, valuing Juventus at just over one billion euros ($1.17 billion) and offering a 21 percent premium over Juventus’ closing share price of €2.19.

Amsterdam-listed Exor said in a statement its board had unanimously rejected the offer and had “no intention of selling any of its shares in Juventus to a third party.”

Juventus has not made an annual net profit for almost a decade, and its shares are down 27 percent so far this year.

Tether stablecoin pegged to dollar

Tether, the issuer of a US dollar-referenced stablecoin dubbed USDT, has already built a stake of more than 10 percent in Juventus this year, becoming its second-largest shareholder.

By acquiring a European soccer club, Tether — whose business faces mounting EU regulatory scrutiny — could hope to gain credibility with the continent’s establishment, while boosting its wider popularity.

Tether said it is proposing to buy Exor’s 65.4 percent of the total Juventus share capital, without officially disclosing a price.

Exor, the largest shareholder in automaker Stellantis and which controls sports car-maker Ferrari , has been streamlining its Italian portfolio.

This year it agreed the sale of truck maker Iveco to India’s Tata Motors, and said on Monday it was in talks with Greek media group Antenna to sell its news operations, including two major newspapers and three popular radio stations.

A sale of Juventus would likely be seen as the clearest sign yet of the family’s gradual disengagement from their home country. The family’s ties with the club date back to 1923 when Edoardo Agnelli became chair, and Elkann said in November that the family had no intention of selling shares.

Investors, led by Exor, have poured around a billion euros of fresh cash into Juventus in the past seven years.

Juventus has sruggles in last five years

Juventus has won the Italian championship 36 times, more than any other team, but has struggled since a ninth consecutive title in 2020. It currently sits in seventh place in Serie A.

Once home to stars such as Michel Platini, Roberto Baggio, Alessandro Del Piero and Cristiano Ronaldo, Juventus has helped the Agnellis build consensus and popularity in Italy.

Its support has weathered match-fixing and financial scandals, the most recent in 2023, when a false accounting case linked to player trading led to a 10-point deduction in Serie A.

Juventus was also a driving force behind the failed attempt to launch a breakaway European Super League with a dozen other top clubs in 2021, challenging the authority of European soccer’s governing body UEFA.

Like other leading Serie A teams, it has had a hard time remaining competitive financially amid the growing dominance of England’s Premier League and European powerhouses such as Real Madrid, Barcelona and Paris Saint-Germain.

Tether’s USDT accounts for more than half the market of stablecoins pegged to the dollar, the Bank of Italy says.

It had a market capitalization of around $186 billion as of Friday. The token is backed by US Treasuries and dollars, and Tether is one of the 20 largest holders of US government debt.

Stablecoins are digital tokens that aim to maintain a stable value through a one-to-one peg to a traditional currency. They are backed by reserves, government bonds or deposits.