Former Chelsea striker Adrian Mutu has lost his appeal against a FIFA ruling that he must pay the English Premier League club 17 million euros ($25.3 million) in compensation for breach of contract. Mutu was sacked by Chelsea after he tested positive for cocaine in 2004 and given a seven-month worldwide ban from football
Brazilian playmaker Kaka was officially presented as a Real Madrid player, after being handed the number eight jersey in front of thousands of supporters and a huge media contingent at the club’s Bernabeu stadium on Tuesday evening. An estimated 50,000-strong crowd, almost three times the anticipated number, turned up to watch the ceremony as Kaka was unveiled as Madrid’s latest addition by club president Florentino Perez and honorary president Alfredo di Stefano. Latest transfer gossip and rumors Kaka, who completed his medical earlier in the day having landed in the Spanish capital in the morning, has penned a six-year contract and has cost Madrid a reported 56 million euros ($79m).