Currency Crisis Sinks RPL Transfer Market RTL To Tighten F1 Broadcasts In '15 NRL Forced To Backflip On Power Grab DEL Sets New Attendance Record CFG Launches City Football Japan Executive Transactions Chinese Opinion Split On World Cup Bid Names In The News Possible Solution Emerges In Spain Wigan Athletic Chair Dave Whelan Resigns
SBD Global/September 9, 2013/Events and AttractionsPrint All
A currency slump and slowing economy "have cost India its biggest golf tournament after sponsors pulled out of the country's only European Tour event on Thursday," according to Amlan Chakraborty of REUTERS. The Avantha Group, which sponsored the first four years of the tournament, said that "it would have required a substantial hike in prize money, apart from a right slot in the European Tour calendar, to attract top talents for the 2014 and subsequent editions." India "is currently grappling with an economic crisis with the local currency having fallen 20 percent against the U.S. dollar since the end of April." The Avantha Group said that "it was exploring other golf events and formats, prompting the Professional Golf Tour of India to look for other sponsors" (REUTERS, 9/5).
The Bahrain F1 Grand Prix "is to switch to a night race next year, with the circuit set to confirm the news in the next few days." The Sakhir venue "was considering a Formula 1 night race to celebrate the event's 10th anniversary." It appears that those plans "have moved forward" with circuit Chair Zayed Al Zayani revealing at Monza that "an announcement is imminent" (AUTOSPORT, 9/8). ... The "spectacle offered by X Games Barcelona has left a footprint." The event, which took place from May 16-19, drew more than 115,000 people to Barcelona. Magazine SportsTravel's readers have nominated the event for two of the "prestigious" SportsTravel awards: Best Multidisciplinary Event and Best Sporting Event (EL PERIODICO, 9/6). ... The runners in this year's A$6M ($5.5M) Melbourne Cup "will have 24-hour guards -- a move never before used in Australian racing." The around-the-clock security watch "is one of several tougher measures Racing Victoria integrity officers will have in place this spring" (SYDNEY MORNING HERALD, 9/9).