Menu
Facilities

Renovations To Rio De Janeiro's Maracanã Marred By Millions Of Dollars In Overbilling

The "major refurbishment" of Rio de Janeiro's Maracanã "was marred by millions of dollars in overbilling ahead of the 2014 World Cup," a government watchdog said, according to the AFP. The renovation of the stadium cost about $500M, "more than double the original bid." According to the Rio de Janeiro auditing court, part of the reason for this was "overbilling by the contractors" to the tune of R$211M (about $90M at '14 rates). The accusations were first aired late Sunday by Globo TV. It comes as "another kick in the teeth for Rio de Janeiro locals, who had angrily protested their city and country’s hosting of two major sporting events" -- the 2014 World Cup and 2016 Olympics. To "learn the extent of the mismanagement of funds, while vital public services were cut, has caused further outrage." One example of overbilling was "cement bought at three times the market price." Another was the new roof, "which cost five times as much as a similar roof" on the Soccer City stadiums built in Johannesburg for the 2010 World Cup. Some services, "such as hiring of cranes, were simply billed twice." Rio prosecutors on Friday demanded that contractors Odebrecht and Andrade Gutierrez -- two "huge companies involved in a major corruption scandal at state oil company Petrobras" -- and Delta Engenharia repay some R$200M ($63M) (AFP, 3/14).

SBJ Morning Buzzcast: May 6, 2024

Takeaways from a big sports weekend including The Kentucky Derby and F1's Miami Grand Prix; Caitlin Clark's WNBA preseason debut; a new RSN set to form in Chicago.

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/2017/03/15/Facilities/Maracana.aspx

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

https://www.sportsbusinessjournal.com/Global/Issues/2017/03/15/Facilities/Maracana.aspx

CLOSE