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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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01/25/13
Santos Renews Sponsorship Deal

Brasileiro club Santos has "renewed its sponsorship" with CSU CardSystem for another year, according to Lucas Turco of MAQUINA DO ESPORTE. The company will continue to have its logo on the "inside of the team's jersey number." The new agreement saw a 10% increase over the previous deal. Santos Commu ...

Tags: Brazil, Marketing and Sponsorship

01/24/13
Coritiba Negotiates Sponsorship Deal

Brasileiro club Coritiba has confirmed that its main jersey sponsor bank BMG "will not renew its sponsorship," according to Lucas Turco of MAQUINA DO ESPORTE. Coritiba's marketing department is "negotiating with three other companies" to replace BMG. One of the companies in negotiation with the club ...

Tags: Brazil, Marketing and Sponsorship

01/23/13
X Games Global Sponsorships At Four

When ESPN hosts the first installment of its global X Games series in the U.S. ski town of Aspen, Colorado this week, "it will have only four global X Games sponsors -- two fewer than ESPN hoped to have," according to Tripp Mickle of the SPORTSBUSINESS JOURNAL. The company, which will host X Games i ...

Tags: Europe, Brazil, Asia, North America, Marketing and Sponsorship

01/21/13
Rio's Hotels Clean Up For Games

With next year's World Cup and the 2016 Olympic Games arriving in Rio de Janeiro, local officials are "scrambling to solve a chronic hotel bed shortage" so severe that during a UN conference there last year, the mayor had to "appeal to residents to open their apartments to visitors," according to Je ...

Tags: Olympics, Brazil

01/21/13
Botafogo Renews Title Sponsorship Deal

Brasileiro club Botafogo has "renewed its title sponsorship deal" with the Viton 44 group until the end of '13, according to MAQUINA DO ESPORTE. For the third consecutive season, the company will have the logo of its natural drink brand Guaraviton on the front, lower back and sleeves of the Rio de J ...

Tags: Marketing and Sponsorship, Brazil

01/18/13
New Brazil Stadiums Spike Ticket Prices

Upgrades to Brazil's "crumbling football stadiums ahead of the 2014 World Cup promise a safer, cleaner and altogether more pleasant environment for fans," but the luxurious new grounds come at a price -- "quite literally," according to Andrew Downie of REUTERS. Brazilian fans are "already complainin ...

Tags: Facilities, Brazil

01/18/13
Flamengo Agrees To Peugeot Deal

Brasileiro club Flamengo has agreed to a R$10M ($4.9M) title sponsorship deal with French auto manufacturer Peugeot, according to Júnior and Souza of GLOBO ESPORTE. The deal is for the next three years and "could be worth as much as" R$15M ($7.4M) annually with incentives ( GLOBO ESPORTE, 1/ ...

Tags: Brazil, Marketing and Sponsorship

01/17/13
FIFA To Hold Confederations Cup Lottery

FIFA revealed that it was "forced to hold a lottery" for the allocation of Confederations Cup tickets due to overwhelming demand, according to Michael Place of XINHUA. The first phase of ticket sales for the June 15-30 tournament in Brazil closed on Tuesday with 399,525 ticket requests from 78 diffe ...

Tags: International Football, Brazil

01/17/13
Nadal To Play In Brazil Open

Marketing agency Koch Tavares revealed Rafael Nadal will play in February's Brazil Open, according to MAQUINA DO ESPORTE. The agreement with Nadal was reached "without the participation of Brazil Open sponsors." The tournament in São Paulo will be the Spanish player's first time back on the c ...

Tags: Events and Attractions, Brazil

01/11/13
Chevy To Sponsor Brazil Tournaments

Chevrolet will be the title sponsor of 20 Brazilian football state championships in '13, according to Lucas Turco of MAQUINA DO ESPORTE. The auto manufacturer "will look to add more state championships in its sponsorship portfolio" for '14. Chevrolet Brazil Marketing & Communications Dir Frederi ...

Tags: Marketing and Sponsorship, Brazil

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