Featured Story

Olympics TOP Sponsor Omega To Fund 12 Charitable Projects In Rio Neighborhoods

Published in SportsBusiness Daily Global on 08 / 05 / 15

Swiss watchmaker and Olympics TOP sponsor Omega will eschew its traditional ceremonial countdown clock in favor of 12 charitable projects in Rio de Janeiro neighborhoods between now and the start of the 2016 Games. Omega, the official Olympics timekeeper, announced Monday it will fund a refurb...

Read More

Tags: Olympics, Brazil

More Stories

05/07/15
Flamengo Plans To Move Out Of Rio

Brasileiro side Flamengo "declared war" against the Rio de Janeiro State Football Federation (FERJ) by "sending four national matches" to other states and utilizing 2014 World Cup stadiums, according to Vinicius Castro of UOL. The club is "unsatisfied with the costs" of its home base, Maracanã ...

Tags: Franchises, Brazil

05/07/15
São Paulo Stadiums Nearing Beer Approval

São Paulo's municipal government should take a vote in the next few days on whether "beer will return to football stadiums," according to the GAZETA PRESS. If approved, the law will "knock down a 19-year veto." But beer sales "would only happen on specific times: before kickoff, during h ...

Tags: Facilities, Brazil

05/06/15
FERJ Profits Most From Rio Championship

Brasileiro side Vasco won Rio de Janeiro's Campeonato Carioca "on the field," but the Rio de Janeiro State Football Federation (FERJ) was the championship's "top of the list" in the finance department, according to Pedro Henrique Torre of ESPN. By charging a 10% tax on the Campeonato's gross income, ...

Tags: Leagues and Governing Bodies, Brazil

05/06/15
Brasileiro Clubs See Worst Financial Year

The 20 largest Brasileiro football clubs "had the worst year in history in terms of finances" with a deficit of R$598M ($195.2M) for '14, according to Fábio Suzuki of LANCENET. The total revenue from these clubs reached R$3.1B ($1B) while expenses reached R$3.7B ($1.2B). However, the total cl ...

Tags: Finance, Brazil

05/05/15
Stadiums Help Brazilian Championship Profits

All 13 Brasileiro state football championships finals "saw high revenues and large audiences, especially in the newer arenas," according to Duda Lopes of MAQUINA DO ESPORTE. Considering that all 13 matches happened in stadiums that were "all built in this decade," the finals generated a total o ...

Tags: Brazil, Finance

05/04/15
Brazil's World Cup Stadiums Are Troubled

Brazil spent billions of dollars renovating and building World Cup stadiums that were "supposed to help modernize and improve" local football, according to the AP. Almost a year after the tournament ended, the nation is "still trying to figure out what to do with them." Some of the 12 new state ...

Tags: Facilities, Brazil

05/04/15
Palmeiras Close March With R$6M Surplus

In March, Brasileiro side Palmeiras "ended one month with a surplus for the first time" since President Paulo Nobre took over in Jan. '13, according to Thiago Ferri of LANCENET. Palmeiras obtained a profit of R$11.7M in the past month, which "corrected the January and February deficit" and helped th ...

Tags: Finance, Brazil

05/04/15
WADA Accrediting LBCD For 2016 Games

Brazilian anti-doping laboratory Ladetec was unaccredited by WADA in '12; however, this scenario "could change" in about two weeks and in time for the 2016 Olympic Games, according to Bruno Doro of UOL. The Brazilian Doping Control Laboratory (LBCD), which replaced Ladetec, "is in the fina ...

Tags: Olympics, Brazil

05/01/15
Rio 2016 To Foot R$8M Olympic Dock Bill

The Rio 2016 organizing committee "will have to provide" the docks to prepare the Rodrigo de Freitas lagoon for the Olympics "and even pay for it," according to Vinicius Konchinski of UOL. The Rio de Janeiro government "tried, but did not obtain the equipment." Not a single business presented a prop ...

Tags: Olympics, Brazil

05/01/15
ABCD Will Conduct 2,500 Doping Tests

The Brazilian Authority of Doping Control (ABCD) announced Wednesday that it will conduct 2,500 athletic drug tests this year, according to GLOBO ESPORTE. This includes all athletes participating in 2016 Olympic and Paralympic Games' test events. ABCD National Secretary Marco Aurelio Klein said, "No ...

Tags: Leagues and Governing Bodies, Brazil

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug