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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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Internacional To Expand Into Asia

Brasileiro club Internacional "took an important step in expanding its brand in the Asian market," according to Rodolfo Gomes of MAQUINA DO ESPORTE. Japanese representatives were received by Internacional's management "to work out the last details" of a partnership that will see the creation of foot ...

Tags: Brazil, Franchises

Brazil World Cup Costs Continue To Rise

The cost for organizing the 2014 World Cup "has already reached" R$26.5B ($13.3B), according to Macri & Itri of FOLHA DE S. PAULO. The sum is R$2.7B ($1.4B) more than what the original budget had indicated in Jan. '11. The federal government believes the cost will continue rising. Sports Ministe ...

Tags: Brazil, FIFA World Cup, Events and Attractions

Mineirão Stadium Operator Fined

Minas Arena, the operator of the Mineirão stadium, was fined R$1M ($500,000) by the Mineiro state government for a series of faults that took place in the inauguration of the stadium over the weekend, according to PORTAL 2014. State official Tiago Lacerda said that the government found "accep ...

Tags: Facilities, Brazil, FIFA World Cup

Palmeiras Working To Keep Kia

Brasileiro B club Palmeiras "is looking for a way to keep Kia as a sponsor," according to Bruno Braga of LANCE NET. In a meeting over the weekend, Kia execs "made it clear" to the club they were looking to spend "a lot less" than the R$18M ($9M) it paid last season when the team was in the top fligh ...

Tags: Brazil, Marketing and Sponsorship

Deco Becomes Nike Ambassador

Brasileiro Fluminense midfielder Deco "has become the latest athlete to be sponsored by Nike," according to MAQUINA DO ESPORTE. The length and terms of the contract "were not disclosed." The former Portuguese int'l and Barcelona midfielder will begin wearing shoes made by the company. He will join f ...

Tags: Brazil, Marketing and Sponsorship

Cruzeiro, TIM Agree To Sponsorship Deal

Brasileiro club Cruzeiro has agreed to a three-year sponsorship deal with Italian telecom company TIM, according to MAQUINA DO ESPORTE. Terms of the deal "were not disclosed." TIM Brasil Advertising & Brand Management Dir Livia Marquez said, "A partnership with a big football club like Cruzeiro ...

Tags: Marketing and Sponsorship, Brazil

Grêmio Fans Injured In Arena Accident

Brasileiro club Grêmio opened its new stadium on Wednesday "with a scare," according to IG. Grêmio midfielder Elano's goal 16 minutes into the Libertadores clash against Ecuadorean side Liga de Quito led to the home fans' traditional "avalanche celebration," which resulted in "a fence co ...

Tags: Brazil, Facilities

Santos Agrees To One Game Sponsorship

Brasileiro club Santos has agreed to a "one game sponsorship with an electronics company" for Sunday's game against São Paulo, according to Rodolfo Gomes of MAQUINA DO ESPORTE. The company, whose name has not yet be released, "is also studying the possibility of extending the contract and bec ...

Tags: Marketing and Sponsorship, Brazil

FIFA Will Not Tolerate More Delays

FIFA Secretary General Jérôme Valcke warned that the organization "would not tolerate" any more delays in stadium construction, according to PORTAL 2014. Six Confederations Cup venues were scheduled to be finished in December, but only two were actually finished by the deadline. Valcke ...

Tags: Events and Attractions, Brazil, FIFA World Cup

World Cup Stadiums Lagging Behind

With 500 days to go before the start of the 2014 World Cup, "nine of the 10 stadiums that are currently under construction are behind schedule," according to Aiuri Rebello of UOL. All 12 World Cup stadiums "will end up costing more than originally predicted." According to Brazil's Sports Minister, t ...

Tags: Facilities, FIFA World Cup, Brazil

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