Menu
Olympics

Rio Olympics Expecting More Chinese Investment Amid Delays

The Rio Olympics, which will kick off in 100 days, "expects more Chinese firms to invest and sponsor amid political and economic troubles in Brazil," according to XINHUA. Rio Mayor Eduardo Paes "welcomes more support and investment from China." Paes said, "China has always been a trusted and key partner of Brazil. Beijing has many successful experiences which are worthy for Rio to learn. Rio Olympics is an event drawing worldwide attention and Brazil is overcoming difficulties to meet the challenges. Brazil welcomes Chinese companies and financial institutions to support Rio, seizing Olympic opportunity in such a great sports event." Despite Brazil's economic and political turmoil, slow Olympic ticket sales and delays at some Olympic venues, Paes said that "he was optimistic." He said, "We arrived at this moment in a way many doubted we could. There are some details and issues to be addressed, problems we saw in the test-events. But things are going well in the preparations." Many Chinese companies with Olympic experience "are keen to take part in the Rio Games." Chinese sportswear company 361° "became the official uniform supplier for the games." Beijing Huajiang Culture Development Co. Ltd., the licensee of lapel pins for the Beijing and London Olympics, "is the licensed manufacturer and vendor for both mascots of Rio Olympics and Paralympics" (GLOBAL TIMES, 4/28).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. 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/2016/04/29/Olympics/Rio-Chinese-Investment.aspx

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

https://www.sportsbusinessjournal.com/Global/Issues/2016/04/29/Olympics/Rio-Chinese-Investment.aspx

CLOSE