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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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03/26/13
World Cup To Generate $5B For FIFA

Audit and consultancy company BDO has projected the 2014 World Cup "will render FIFA a record $5B windfall," according to Glauco De Pierre of ESTADO DE S. PAULO. The figure represents a 36% rise on the $3.65B generated at the last World Cup in South Africa. The figure is also 110% higher than the $2 ...

Tags: Brazil, Events and Attractions

03/25/13
Bernie Ecclestone Wants Rio Grand Prix

If F1 CEO Bernie Ecclestone has his way, Rio de Janeiro "could go back to hosting the F1 grand prix in the near future," according to GLOBO ESPORTE. Ecclestone is "not satisfied with the infrastructure" of the Interlagos circuit in Sao Paulo and has talked to Rio Mayor Eduardo Paes about possibly ha ...

Tags: Brazil, Leagues and Governing Bodies, Formula One

03/22/13
Avai Negotiating Sponsorships

Brazilian club Avai "is negotiating four sponsorship packages," which it hopes to get done before the start of the Brasileiro B season, according to Lucas Turco of MAQUINA DO ESPORTE. The four spaces available for sponsorships are: sleeves, shorts, back underneath the jersey and lower front of the j ...

Tags: Marketing and Sponsorship, Brazil

03/22/13
Brazil Enlists UN Help For WC Stadium

Rio de Janeiro is "turning to a surprising partner" for help to complete Mané Garrincha stadium in the run-up to June's Confederations Cup: the United Nations, according to REUTERS. The Brazilian government this week signed a R$35M ($17.61M) agreement with two U.N. agencies "under which ...

Tags: Facilities, Brazil

03/20/13
Cup Venue Gets Short-Term Sponsorship

One year after long discussions to allow alcoholic beverages to be sold in World Cup stadiums, one of the 12 arenas for the event "is due to receive the name of a beer brand," according to Nelson Barros Neto of FOLHA DE S. PAULO. The Arena Fonte Nova in Salvador, Brazil, will be renamed after beer b ...

Tags: Marketing and Sponsorship, Brazil

03/20/13
Blatter Confident In Brazil Preparations

FIFA President Sepp Blatter is "unruffled by Brazil's stop-start preparations" for the 2014 World Cup, saying that "delays and hiccups are part and parcel of the run-up to the tournament," according to Brian Homewood of REUTERS. Brazil's preparations have been "dogged by delays to stadiums and other ...

Tags: Brazil, International Football

03/19/13
Rio 2016 To Confirm Rugby Sevens Venue

A decision on where to hold the field hockey and rugby sevens during the Rio de Janeiro 2016 Games "will be officially rubber-stamped by the world governing bodies next month," according to Tom Degun of INSIDE THE GAMES. The Int'l Hockey Federation (FIH) met Rio 2016 organizers to discuss its Olympi ...

Tags: Olympics, Brazil

03/18/13
Football Notes

Brazil's 2014 World Cup organizing committee "has guaranteed Rio de Janeiro's Maracana stadium will be ready in time to host the FIFA Confederations Cup in June." The iconic venue "has already had its playing surface laid but is still awaiting the installation of its fibre-glass roof" ( XINHUA, 3/1 ...

Tags: International Football, Brazil, Asia

03/15/13
F1 Global Expansion Series Part 4

Growing complaints about the high cost of hosting the Australian F1 Grand Prix, which are, according to Australian newspaper reports, around A$34M ($44M) annually, have threatened the future of the race. F1 CEO Bernie Ecclestone, however, downplayed the uproar and said, “We hope we're going to ...

Tags: Leagues and Governing Bodies, Australia, Brazil

03/15/13
Brazileiro's Cruzeiro To Make U.S. Visit

Brasileiro club Cruzeiro will train in the U.S. this year, becoming the third Brazilian team to "undertake an overseas trip designed to give them more exposure to international competition and promote their brand in new markets," according to Andrew Downie of REUTERS. The Belo Horizonte club said it ...

Tags: International Football, Brazil

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