Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/May 22, 2013/FacilitiesPrint All
Recife, Brazil's Arena Pernambuco "has become the second 2014 FIFA World Cup venue to secure a naming rights partner" after brewing company Grupo Petrópolis followed up its contract with Salvador’s Arena Fonte Nova, according to SOCCEREX. The agreement, which was formally announced on Monday, "has been drawn up on the same lines" as that struck for Arena Fonte Nova, which had a deal sealed last month. Petrópolis will invest 10M reais ($4.9M) per year over the next 10 years for its beer brand Itaipava to adorn Arena Pernambuco. However, under FIFA regulations the "Itaipava Arena Pernambuco will be shorn of the brand when it hosts three group games during the forthcoming Confederations Cup and five matches during the World Cup itself." Along with naming rights, the agreement also allows Petrópolis to sell its Itaipava and TNT energy drink products in the stadium. Petrópolis Marketing Dir Douglas Costa said, “As a 100% Brazilian company, we want to help professionalize the management of the most popular sport in the country. This model encourages new arenas of modern management and efficiency, and promotes a different treatment for the fans" (SOCCEREX, 5/21). ESPORTE BRASIL reported the company will have the right to use 60% of the stadium's internal space and 100% of the exterior for advertising. Grupo Petrópolis is in the process of expanding in the region after acquiring rights to Salvador's Arena Fonte Nova (ESPORTE BRASIL, 5/20).
As Victoria's newest racecourse continues its slow rise from the mud in Tynong, Australia, the Victorian government on Tuesday announced a A$9M ($8.8M) injection "to support the construction of an all-weather synthetic track, the second track of its kind in the state," according to Michael Sharkie of THE AGE. Together with the Pakenham Racing Club, Racing Victoria and Country Racing Victoria, the state government will contribute A$3M to the new Pakenham synthetic track project "to serve the racing population in the south-east of Melbourne." The "sale of the existing Pakenham race course to private developers" has funded most of the A$70M construction. Racing "is expected to start on the new turf track" by Sept. '14 while synthetic track racing is scheduled for the '15-16 season (THE AGE, 5/22).
Supporters of Bundesliga club Borussia Dortmund "will be prevented from unfurling a mosaic of the Champions League trophy" at Wembley before Saturday's final against Bayern Munich due to "health and safety fears" (GUARDIAN, 5/21). ... Ukraine on Monday "unveiled the project of its 6,200-seat arena in the eastern city of Kharkov which will host matches of the EuroBasket 2015 European Basketball Championship." Kharkov Mayor Gennady Kernes said that private investors will spend around $44M "to build the stadium and to develop infrastructure around it" (XINHUA, 5/20).