There has been much coverage over the inevitability of Federer relinquishing his #1 ranking. However, I saw that the Olympics gives ranking points -- more specifically, the winner earns 400 points. I don't know the current difference in points and by how many points Nadal will have surpassed Federer come August 18th, but I doubt the difference is greater than 400. I do know that the tennis portion of the Olympics ends on August 17th. So perhaps, Federer will sneak in enough ranking points there to keep his #1.
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