Featured Story

La Liga Champion Atlético Madrid Cuts Debt By $115M Since Beginning Of The Year

Published in SportsBusiness Daily Global on 09 / 22 / 14

La Liga side Atlético Madrid has been "battling a long-standing debt issue in the midst of their success," according to INSIDE SPANISH FOOTBALL. The club has been running debts of around €200M ($257M) over the last five years, but from Oct.1, "this figure will be settled" to around &euro...

Read More

Tags: Finance, Europe

More Stories

05/19/14
Failed WC Plans Leave Locals Wanting

When Brazil drafted plans to host the upcoming World Cup, Natal "was exactly the type of city it wanted to show off," according to Paulo Prada of REUTERS. A nationwide economic boom was transforming the once-sleepy backwater into a fast-growing city typical of the new Brazil, "a country at last pois ...

Tags: Events and Attractions, Brazil

05/19/14
Brazil Expects 500,000 Cup Tourists

Brazil "raised its estimate of the number of overseas ticket holders" for the World Cup by 66% to 500,000, according to Tariq Panja of BLOOMBERG. The figures, from Brazil Deputy Sports Minister Luis Fernandes, follow a "forecast of 300,000 given by Brazil’s tourism ministry last week." Fernand ...

Tags: Events and Attractions, Brazil

05/16/14
Brazilians Protest World Cup Spending

Cities across Brazil "braced for demonstrations on Thursday, as disparate protest movements seek to criticize spending" on the upcoming World Cup and revive a call for better public services that swept the country last June, according to Eisenhammer, Fonseca & Doce of REUTERS. Thursday's prote ...

Tags: International Football, Brazil

05/16/14
ROCC Says Rio Should Host Olympics

Russian Olympic Committee Chair Alexander Zhukov said on Thursday that changing the host city for the 2016 Summer Olympics "is practically impossible," according to RIA NOVOSTI. R-Sport was earlier told that "the venue may be moved to London because Rio de Janeiro is behind in preparing for the even ...

Tags: Olympics, Russia, Brazil

05/15/14
World Cup To Add $3B To Brazil Economy

Research findings by Brazil’s Ministry of Tourism revealed that an estimated 3.7 million people "are expected to travel throughout Brazil during the 2014 World Cup, according to Darren Heitner of FORBES. It is believed that the average foreign tourist will attend four World Cup matches" and sp ...

Tags: Finance, Brazil

05/15/14
Brazil Coach Accused Of Tax Evasion

Brazil’s preparations for the World Cup finals next month have been placed "further under a cloud" after Brazil Manager Luiz Felipe Scolari was "accused of tax evasion in Portugal," according to Keeley & Gardner of the LONDON TIMES. The Portuguese government confirmed on Wednesday that it ...

Tags: Finance, Brazil

05/14/14
Corruption Claims Mar World Cup Prep

The cost of building Brasilia's World Cup stadium "has nearly tripled" to $900M in public funds, largely due to "allegedly fraudulent billing," according to Bradley Brooks of the AP. The spike in costs "has made it the world's second-most expensive soccer arena, even though the city has no major pro ...

Tags: Facilities, Brazil

05/13/14
Brazil President Adjusts Work Schedule

Brazil President Dilma Rousseff "decreed a reduction in working hours during the World Cup on the days that Brazil has games," according to OLE. Employees of public organizations will "be free from work" at 12:30pm to enjoy matchdays. Brazilians "will not have problems getting together to watch Braz ...

Tags: Brazil, Events and Attractions

05/12/14
IOC: No Plans To Move 2016 Rio Games

The IOC said that London has not been approached about the possibility of staging the 2016 Olympics due to delays in Rio de Janeiro, "pouring cold water on English media reports that the Games could be moved," according to Karolos Grohmann of REUTERS. An IOC official said, "There is not a shred ...

Tags: Olympics, Brazil

05/12/14
São Paulo Airport Opens New Terminal

Brazil has "completed its biggest infrastructure project for the World Cup with only 32 days to spare, opening the country’s long-awaited new international airport terminal in São Paulo," according to Samantha Pearson of the FINANCIAL TIMES. In "defiance of critics who said it would not ...

Tags: Events and Attractions, Brazil

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug