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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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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

05/09/14
Hangin' With... Ricardo Trade

RICARDO TRADE is the CEO of the 2014 FIFA World Cup Local Organizing Committee. In his position, Trade works closely with FIFA to ensure a smooth execution of the tournament in Brazil. Trade has experience running a big sporting event as he was the operations director of 2007 Pan American Games in ...

Tags: People and Pop Culture, Brazil

05/09/14
Experian Fears Brazil World Cup

Experian shares fell 6% on Wednesday "after the data analytics group warned about the negative effects of the Brazil World Cup" and a reorganization of its U.S. consumer business, according to Andy Sharman of the FINANCIAL TIMES. Experian "provides credit checking services through its Serasa busines ...

Tags: Finance, Brazil

05/09/14
3.6 Billion Expected To Follow World Cup

Brazil's Tourism Ministry on Wednesday released a study predicting that approximately 3.6 billion people worldwide -- "nearly half the population of the planet" -- will follow the World Cup via TVs, cell phones or other devices receiving a TV signal, according to the EFE. The "predicted number" is 1 ...

Tags: Media, Brazil

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