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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 17 / 14

Brazilian authorities "unveiled an infrastructure budget" of US$10.76B for the '16 Rio Games, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and public...

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Tags: Olympics, Brazil, IOC

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02/19/14
Oshie Merchandise Selling Quickly

Since Blues RW T.J. Oshie "lifted the U.S. hockey team over Russia with four shootout goals on Saturday, people have been flocking to the shelves" of St. Louis-based retailers for Oshie merchandise, according to Samantha Liss of the ST. LOUIS BUSINESS JOURNAL. Sales of Oshie merchandise "are up" 145 ...

Tags: Olympics, St. Louis Blues

02/19/14
Liberty Mutual Quickly Creates Kloser Ad

U.S. skier Heidi Kloser's crash in a practice run the day before the Opening Ceremony is the latest example of "instant advertisements," as a spot airing on NBC tonight turns the situation "into an unlikely sales pitch for Liberty Mutual Insurance," according to Bruce Horovitz of USA TODAY. Klos ...

Tags: Olympics, Liberty Mutual

02/19/14
Davis, White Land On Corn Flakes Box

YAHOO SPORTS' Sam Cooper reported Gold Medal-winning U.S. ice dancers Meryl Davis and Charlie White "will be featured on a special-edition box of Corn Flakes beginning on Feb. 24." Only 1,000 boxes "will be produced." Davis and White join U.S. freeskiers Joss Christensen, Gus Kenworthy and Nick Goe ...

Tags: Olympics

02/19/14
Team USA Merchandise Moving Fast In Sochi

For the third consecutive Olympics, Team USA merchandise is moving fast. Sales at the USOC's store in Sochi and online have more than doubled that from the '10 Vancouver Games and have been so strong that they are on track to exceed sales for the '12 London Games. This would mark the first time sinc ...

Tags: Olympics, USOC

02/19/14
Rio Lagging Behind On Olympic Venue Construction

Brazilian officials are "racing to prepare" for the '16 Rio Games and are "hoping to avoid the embarrassment suffered this month by their counterparts in Sochi, Russia, as a number of projects are behind schedule," according to Kiernan & Futterman of the WALL STREET JOURNAL. The 15 projects comp ...

Tags: Olympics

02/19/14
Figure Skating Outfits Run The Gamut

The current generation of figure skaters is "probably trending more towards the tasteful rather than vulgar" in regards to their choice of costumes, but "fashion crimes continued apace" during the ice dancing competition at Sochi, according to Rosie DiManno of the TORONTO STAR. That is not to s ...

Tags: Olympics

02/19/14
Olympic Names In The News

The WALL STREET JOURNAL's Rachel Bachman in a front-page piece reports several U.S. Olympians, including skier GUS KENWORTHY and snowboarder LINDSEY JACOBELLIS , are among those "trying to adopt" stray dogs in Sochi. A USOC spokesperson "didn't have a tally" of the number of athletes hoping to ta ...

Tags: Olympics

02/19/14
THE DAILY's Olympic Medal Stand

Each day during the Winter Games, THE DAILY offers our take on the business performances of some of the people, sponsors, broadcasters and other entities around Sochi. ...

Tags: Olympics

02/19/14
Latest Headlines From SBD/SBJ's Sochi Blog

SportsBusiness Daily/Journal have converted their  On The Ground blog into a comprehensive, daily website devoted to the Sochi Games and the business behind it. The site is free and runs through Monday, Feb. 24, the day after the Closing Ceremony. The site also can be accessed through the On T ...

Tags: Olympics

02/18/14
Ice Dancing Gold Makes Newspaper Front Pages

Meryl Davis and Charlie White yesterday became the first American couple to win the Gold Medal in ice dancing, and the achievement has made the front page of many newspapers across the country. Both skaters are from Michigan and train in Detroit, and their hometown papers predictably put them front ...

Tags: Olympics

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