Featured Story

Brasileiro Side Cruzeiro Reports Third Consecutive Deficit Of R$40M For '14

Published in SportsBusiness Daily Global on 04 / 24 / 15

Similar to the past couple of seasons, Brasileiro side Cruzeiro "had a deficit last year" totaling between R$35M and R$40M, according to Marco Antônio Astoni of GLOBO ESPORTE. In '13, the club's deficit totaled R$22M and in '12, it was R$31M. The club's '14 revenue, however, was more than R$21...

Read More

Tags: Finance, Brazil

More Stories

04/14/15
Six Brasília Training Centers Forgotten

Six training centers in Brasília are "ready to host countries interested" in having a Brazilian base before the Rio Olympics; however, they have been "forgotten or have not pleased any nation," according to Vítor de Moraes of SUPER ESPORTES. The official website of the 2016 Olympic Gam ...

Tags: Facilities, Brazil

04/13/15
Top Brazilian Players Head To China

China "is fast becoming the new destination for some of Brazil's best players, rather than the English Premier League, Spain's La Liga or the Bundesliga in Germany," according to Tales Azzoni of the AP. Thanks to hefty investments to boost football in the Asian country, Chinese teams "have become mu ...

Tags: International Football, Brazil, China

04/13/15
Flamengo Receives $1.2M For Facility Usage

Brasileiro side Flamengo "signed a contract" with the U.S. Olympic Committee and the club's HQ in Gávea will be the training center for U.S. athletes from July until September of next year -- a period that "involves preparation" for the Olympics and Paralympics, according to Vinicius Castro o ...

Tags: Olympics, Brazil

04/10/15
Hangin' With ... Arnon De Mello

De Mello says success in next year's Olympics will be crucial. ARNON DE MELLO is the NBA VP/Managing Director for Brazil. De Mello helped the league open an office in Rio de Janeiro in Oct. '12. That office ...

Tags: People and Pop Culture, Brazil

04/10/15
Brasileiro Clubs Decide Against MP

Representatives from the 20 Brasileiro Série A sides met Wednesday at the Brazilian Football Federation (CBF) HQ in Rio de Janeiro to "evaluate the text" of the Medida Provisória and "they had one consensus: they want changes to the document," according to Daniel Mundim of GLOBO ESPO ...

Tags: International Football, Brazil

04/10/15
Company Abandons Anti-Flood Construction

Brazilian construction company Mendes Júnior "abandoned the largest anti-flood construction project around" the Maracanã stadium, according to Vinicius Konchinski of UOL. Mendes Júnior was named as a suspect in the Brazilian Federal Police's ongoing money launderi ...

Tags: Olympics, Brazil

04/09/15
Flamengo Implements Fiscal Responsibility

Brasileiro side Flamengo's deliberative council on Tuesday discussed and unanimously approved a "plenary and pioneering fiscal responsibility measure" for its employees and managers, according to ESTADÃO. Among the addressed points were "punishments for leaders, changes in the annual budget a ...

Tags: Brazil, Franchises

04/09/15
Olympic Construction Dumps Into Bay

The cleanup promise of the Guanabara Bay for the 2016 Olympics is "coming up even in the series of infrastructure construction projects also planned" for the Games, according to Vinicius Konchinski of UOL. A video "shared on the Internet showed the waste from the regional revitalization project ...

Tags: Olympics, Brazil

04/08/15
Government To Fund Junior World Handball

The Brazilian Handball Federation (CBHb) will "actualize" the 2015 Men's Junior World Handball Championship between July and August thanks to R$8M ($2.6M) that will be "paid for by the municipal, state and federal governments," according to Bianca Daga of ESPN. Before, the "budget for the tournament ...

Tags: Brazil, Events and Attractions

04/07/15
Mayor Paes Plans Park For Olympic Canal

Rio de Janeiro was chosen to host the 2017 Canoe Freestyle World Championship and the 2018 Canoe Slalom World; however, the events "were not yet approved" by Rio Mayor Eduardo Paes and there "is a good chance the championships will not happen" at the Olympic Canal, according to Júlio C&e ...

Tags: Events and Attractions, Brazil

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug