The Laureus World Sport Awards, the 'Oscars of sport', have been announced at a glamorous two day festival in Estoril, Portugal. The awards ceremony is the highlight of two days of sports events which include the Laureus Golf Challenge, the Laureus Beach Festival and the Laureus Regatta. The Laureus honours are determined by the Laureus World Sports Academy, a jury of 40 legendary sportsmen and sportswomen. A global event, the television audience for Laureus TV programming attracts and annual audience of over one billion.
Among the honours for 2005, tennis star Roger Federer won the Laureus WOrld Sportsman of the Year while British double Olympic champion Kelly Holmes wons the women's award. Yachtswomen Ellen MacArthur, holder of the round-the-world sailing record, was crowned Alternative Sportsperson of the Year and Italian racing driver Alessandro Zanardi, who lost both legs in a racing accident in 2001, won the Comeback of the Year award after returning to touring car competition last year.