ECB Wants £1.25B TV Deal VAR Could Be Used In EFL Cup F1 Should Own Circuits, USGP Boss Says ManU Expects £15M A Year Sleeve Deal First A$10M Everest Race Sells All Berths NRL To Offer Pay Raises IIHF Agrees To Pay NHL Player Costs Executive Transactions Vauxhall To End Home Nations Sponsorship Argentina To Appeal Messi's Suspension
SBD Global/January 11, 2013/FacilitiesPrint All
Bundesliga Eintracht Frankfurt coach Armin Veh "has once again criticized the high stadium rent by the city," according to the SID. Veh said, "Frankfurt is indeed an awesome city in which a lot of money flows. However, all that money doesn't come to us. We pay €10 million ($13.3M) rent for the stadium annually; plus two-and-a-half million ($3.3M) for the naming-rights that we miss out on. That is horrendous, other clubs go bankrupt under those circumstances." Despite on-going negotiations between Club Chair Heribert Bruchhagen and the city, Veh does not have a lot of hope that the situation is going to change in the near future. He said Bruchhagen "also knows that we pay and pay and regardless of it don't own one brick of the stadium. When a club builds a stadium, it sets a manageable timetable in which it pays off debt to later own the stadium. However, we shovel our money in a bottomless hole" (SID, 1/10).
Legends Hospitality Management and Jamie Oliver’s Fabulous Feasts have formed a joint venture in the U.K. and have signed a five-year food contract with Man City, according to Legends officials. The new company, called Fabulous Fan Fare, will operate concessions, premium dining and non-event catering at Etihad Stadium. The agreement is the first int'l deal for Legends, a four-year-old sports food and marketing firm owned by the Dallas Cowboys, N.Y. Yankees and Checketts Partners Investment Fund. Oliver is a 37-year-old British chef, restaurateur and media personality (Don Muret, SportsBusiness Journal). The MANCHESTER EVENING NEWS wrote "the value of the deal has not been announced but is likely to provide a shot in the arm" to the Blues' bid to comply with UEFA's Financial Fair Play regulations, as it looks to increase commercial revenue. Man City Chief Commercial & Operation Officer Tom Glick said, "It is our ambition to create a world class customer experience for everybody who visits the Etihad Stadium. We are looking forward to working with these two leading brands as we continue to develop our stadium to achieve this aim" (MANCHESTER EVENING NEWS, 1/10).
The Singapore Sports Hub has appointed German IT services and consulting company T-Systems as its strategic partner to "build, manage and operate" its information and communication technology services for 21 years, according to TODAY. The value of the contract is S$94M ($77M). T-Systems, which is part of Deutsche Telekom, will be responsible for the Singapore Sports Hub's Business Information Systems, "which comprises ERP, CRM Access Control, Consumer Portal, Event Management and the Active Networking within the sports facility." Sports Hub CEO Philippe Collin Delavaud said: "This will support our unique cluster development of integrated world-class sports, entertainment, and community facilities within the city and the nation's goal to set a new standard in creating a sports and lifestyle destination for Singapore" (TODAY, 1/10).
The Rio de Janeiro government has revealed the Maracanã will now only be ready for FIFA in May. The stadium is now scheduled to be ready on May 28, less than 20 days before the start of the Confederations Cup, which is to begin on June 15 (FOLHA DE S. PAULO, 1/10). ... Construction has now started on an "all-round outdoor recreational resort" featuring a new hotel, golf course and renovated skiing facilities in Siglufjordur, a small fishing town on Iceland’s north coast. Construction on a new golf course -- designed by golf architect Edwin Roald -- started in June. The course is due to open in the summer of '15 (GOLF BUSINESS COMMUNITY, 1/7).