Menu
Facilities

Brazil World Cup Stadium In Natal Up For Sale As Owner Battles Corruption Scandal

Brazil's World Cup stadium in Natal "is up for sale as the company that owns it is suffering from cash flow problems following a corruption scandal," according to Andrew Downie of REUTERS. Natal's Dunas arena is being sold by owner Grupo OAS, "with the company also trying to sell the 50 percent share it owns of the Fonte Nova arena in Salvador." The company "has struggled for months with the impact of a corruption investigation at state-controlled oil company Petrobras, which undercut the builder's access to financing." An economic downturn, government austerity and a slumping currency "has also taken its toll, leading to Grupo OAS to announce it is selling its stakes in the stadiums and other businesses to focus on the core construction business" (REUTERS, 4/1).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/04/02/Facilities/Brazil-WC-grounds.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/04/02/Facilities/Brazil-WC-grounds.aspx

CLOSE