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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and publ...

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Tags: Olympics, Brazil

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06/13/13
Brazil: We Will Be Ready For World Cup

Brazil arrived at the one-year mark to the World Cup on Wednesday "admitting to mistakes in its preparations but vowing to get its act together in time," according to the AP. After facing difficulties getting its stadiums ready for the Confederations Cup, "Brazil is promising that things will be dif ...

Tags: International Football, Brazil

06/12/13
145,000 Confed Cup Tickets Available

Days from the start of the 2013 Confederations Cup, 145,000 of the 795,697 tickets that went on sale are still available for the tournament that begins Saturday in Brazil, according to LA AFICION. The game with the fewest tickets available is the match between Spain and Uruguay on June 16, with just ...

Tags: International Football, Brazil

06/12/13
Mega-Events Boost Development

The growing influence of the BRICS nations (Brazil, Russia, India, China and South Africa) in world affairs was symbolized by the staging of the 2008 Beijing Olympics  and the 2010 World Cup in South Africa, "and will be further underlined by Brazil's forthcoming hosting of both events," a ...

Tags: Finance, Brazil

06/11/13
Rio Mayor Eyes Upcoming Events

Among the nightmares haunting Rio de Janeiro Mayor EDUARDO PAES before next year's World Cup is "the possibility that his city could go down in history as the scene of a neighbour's greatest triumph," according to Jonathan Watts of the London GUARDIAN. Paes said, "If Argentina beat Brazil, in the ...

Tags: People and Pop Culture, Brazil

06/10/13
Rio's Olympic Stadium To Stay Closed

A committee of engineers said that Rio de Janeiro's Joao Havelange stadium, scheduled to host the athletics at the 2016 Rio de Janeiro Games, "is to stay shut for 18 months while the roof is repaired," according to Brian Homewood of REUTERS. The stadium, completed six years ago, "was closed in March ...

Tags: Facilities, Brazil

06/07/13
Bank Ends Spanish Football Sponsorship

Spanish bank Banesto, owned by Spanish bank Santander, will not continue its sponsorship deal with the Spanish national football team, which was originally scheduled to last until after the 2014 World Cup, according to José Félix Díaz of EL CONFIDENCIAL. Santander's directors fe ...

Tags: Marketing and Sponsorship, Brazil

06/07/13
Flamengo Signs Up CEOs To Save Club

Brasileiro club Flamengo said it is “the most loved club in the world,” and the club "is counting on that affection to help rescue it from the taxman," according to Tariq Panja of BLOOMBERG. Flamengo may be the "most popular in Brazil," but it is "also the most indebted." Flamengo Presid ...

Tags: International Football, Brazil

06/06/13
Neymar Third-Highest Valued Footballer

Brazilian sports business consulting firm Pluri Consultoria has calculated that Neymar's market value has increased 22.6%, from €55M ($72M) to €67.4M ($88.2M), since his signing with Barcelona, according to the EFE. Pluri said, "The player transfer from Santos to Barcelona was decisive i ...

Tags: Europe, Marketing and Sponsorship, Brazil

06/05/13
Brazil Seeking World Cup Approval

When the Confederations Cup kicks off in 10 days, Brazil will have two weeks to convince skeptics that it can honor "its pledge to stage a successful World Cup next year," according to THE AGE. The Confederations Cup, in which eight teams -- Spain, Italy, Mexico, Brazil, Uruguay, Japan, Nigeria and ...

Tags: Events and Attractions, Brazil

06/03/13
Maracanã Re-Opens To Glowing Reviews

Rio de Janeiro's Maracanã stadium is finally "back to doing what it does best: hosting the beautiful game," according to Jonathan Watts of the London GUARDIAN. After repeated delays and controversy surrounding a 30-month refurbishment, Brazil's iconic stadium "celebrated its return to the cen ...

Tags: Facilities, Brazil

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