Laureus World Sports Awards set for Rio cancelled
15 January 2014, 18:20
Rio de Janeiro - Laureus says its World Sports Awards will not be held in Rio de Janeiro this year as planned.
Laureus announced the decision in a brief statement on Wednesday without elaborating, and new plans will be announced "shortly."
The awards, dubbed the Oscars of sports, were awarded to Rio for 2013 and 2014.
The statement says "Laureus and the state of Rio de Janeiro" agreed not to stage the event.
Brazilian media reports Lauerus is still waiting to be paid millions under the terms of a contract.
The cancellation is another blow to Brazil, which has faced delays and poor organization preparing for the World Cup this year and the Rio de Janeiro Olympics in 2016.