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12/21/15
Chinese FA Chief Unveils World Cup Vision

Chinese FA President Cai Zhenhua "unveiled an ambitious plan" for China's national football team that he said "would make the team a consistent World Cup contender in two decades, and crack the global top 30 regularly," according to Sun Xiaochen of XINHUA. His solution: "management reform and league ...

Tags: International Football, China

12/21/15
Tokyo 2020 Facing Budget Increase

Japanese public broadcaster NHK said that the 2020 Tokyo Olympics will cost the organizing committee "six times than their original estimate," and come in at around 1.8T yen ($14.9B), according to Junko Fujita of REUTERS. The cost blow out "was caused by unexpected payments for building lanes ...

Tags: Olympics, Japan

12/21/15
Coal India Inks $2M Deal With HIL

Coal India "will be the title sponsor of Hockey India League 2016," according to Subhro Niyogi of the TIMES OF INDIA. The '17 and '18 editions of the tournament "may also be called Coal India-Hockey League if the CIL board gives its nod." The state-owned coal firm signed a multi-crore deal with Hock ...

Tags: Marketing and Sponsorship, India

12/21/15
Asia Sports Venture Sues Former COO

Asia Sports Venture, a subsidiary of Malaysian TV company Astro Group, claimed that its former COO misappropriated RM 45,000 ($10,493) and "failed to act in the interests of the firm," according to Siau Ming En of TODAY. Documents filed with the courts showed that ASV claims that Venu Ganesh Naidu R ...

Tags: Media, Asia

12/21/15
Haryanto Seeking $16M To Realize F1 Dream

Indonesian Rio Haryanto needs to raise €15M ($16.3M) to realize his dream of racing in F1 "with the Manor Marussia team next season," according to Alan Baldwin of REUTERS. The Jakarta Post reported that Youth & Sports Minister Imam Nahrawi "was lobbying businesses and state-owned enterprise ...

Tags: Asia, Finance

12/18/15
Le Sports Applies 'Aggressive' Approach

After "an aggressive and bold move by acquiring the broadcast rights to over 200 blue-ribbon sports events," Le Sports has now been defined by many Chinese media as "Unicorn" company, but Le Sports CEO Lei Zhenjian said that the company "is just a startup with the entrepreneurship to challenge and e ...

Tags: Media, China

12/17/15
Asian Tour Announces Major Shakeup

The Asian Tour "announced a major shake-up of its board of directors on Wednesday, hard on the heels of its CEO’s resignation after deep divisions emerged over a proposed tie-up with Europe’s golf body," according to the AFP. Former European Tour CEO Ken Schofield "was among those to los ...

Tags: Leagues and Governing Bodies, Asia

12/17/15
Nissan China Sues Chinese Football Club

Nissan Motor's China venture has filed a lawsuit against a Chinese football team backed by Alibaba Group Holding Ltd. and Evergrande Real Estate Group, "alleging that it wrongfully pulled the automaker's logo from team jerseys," according to Jake Spring of REUTERS. Dongfeng Nissan, a joint venture w ...

Tags: Marketing and Sponsorship, China

12/16/15
JSC Begins Talks On New Stadium Bids

The Japan Sport Council began three days of deliberations with experts including the Japan Olympic Committee and athletes "who will provide their input on two designs proposals that have been shortlisted to be the main stadium for the 2020 Olympics and Paralympics in Tokyo," according to XINHUA. The ...

Tags: Facilities, Japan

12/15/15
Tokyo Olympic Stadium Designs Unveiled

The Japan Sport Council on Monday "unveiled two new stadium designs for the 2020 Tokyo Olympics that blend in better with the greenery-rich Yoyogi area" and currently do not break the 155B yen ($1.3B) budget, according to Atsushi Kodera of the JAPAN TIMES. Of the technical proposals on the council's ...

Tags: Facilities, Japan

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