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Rio Judge Seizes Assets Of Official Olympic Broadcaster

Published in SportsBusiness Daily Global on 09 / 21 / 16

A Brazilian court "has blocked assets of the company that serves as the host broadcaster organization for the Olympic Games," according to the AP. The decision announced on Monday "impacts any financial resources, trucks, equipment and furniture used in Brazil by Spanish-based company Olympic Broadc...

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Tags: Olympics, Brazil

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Flamengo Expecting Profit Of $25M

Brasileiro club Flamengo is "trying to turn the tide after years of financial mismanagement," according to Samindra Kunti of INSIDE WORLD FOOTBALL. Club Chair Eduardo Bandeira de Mello "keeps the club's purse in check" and Flamengo is now projected to close '15 with a pre-tax profit of €22M ($2 ...

Tags: Franchises, Brazil

São Paulo's Morumbi To Use NGH 2.0

Brasileiro club São Paulo's Morumbi stadium is the only football venue equipped with NGH 2.0 passpoint. The encrypted communication gives users more security and access is done through a one-time registration over a Wi-Fi network compatible with NGH2.0 passpoint. This eliminates the old ...

Tags: Facilities, Brazil

HKWA Blown Away By Rio Rent Charges

The Hong Kong Windsurfing Association's plan to store equipment in Rio de Janeiro ahead of the 2016 Olympics "has been blown off course by exorbitant rental rates," according to Patrick Johnston of REUTERS. Hong Kong competitors are in Brazil for the second test event at the Int'l Sailing Regatta ...

Tags: Olympics, Brazil

IOC: Rio Can Be Proud Of Progress

Rio de Janeiro can be "proud" of the four Olympic test events held so far in the city, the head of the Rio 2016 coordinating committee said, as officials "once again played down concerns over athletes' safety in the city's polluted waterways," according to Rodrigo Viga Gaier of REUTERS. IOC VP and ...

Tags: Olympics, Brazil

Continental To Sponsor Copa Do Brasil

Tire manufacturer Continental "signed up to sponsor the Copa do Brasil," according to Samindra Kunti of INSIDE WORLD FOOTBALL. Sadia, "a major Brazilian food processor and leading exporter of meat-based products, is the Copa do Brasil's main sponsor." Continental "will debut with its sponsorship in ...

Tags: Marketing and Sponsorship, Brazil

Officials: No Proof Rio Water Caused Illness

U.S. and int'l sailing officials said that there "is no evidence that abnormal levels of viruses or bacteria in the water caused rowers competing in Rio de Janeiro at the weekend to fall ill," according to REUTERS. Thirteen members of the 40-member U.S. team "fell ill after the world junior champion ...

Tags: Olympics, Brazil

Dilman May Veto Club Debt Proposal

Brazilian President Dilma Rousseff “may veto medida provisoria 671 that will allow for the refinancing of Brazilian clubs’ debts, but implements new rules for better management and more transparency,” according to Samindra Kunti of INSIDE WORLD FOOTBALL. The Brazilian congress and ...

Tags: Finance, Brazil

Rio Confident A Year Before Games

Brazil's economy "is heading for recession, the president is threatened with impeachment and a huge corruption scandal has engulfed the nation but Rio is riding a wave of confidence in its preparations to host the Olympics next year," according to Fonseca & Downie of REUTERS. The Games start ...

Tags: Olympics, Brazil

Omega To Fund Charitable Projects In Rio

Swiss watchmaker and Olympics TOP sponsor Omega will eschew its traditional ceremonial countdown clock in favor of 12 charitable projects in Rio de Janeiro neighborhoods between now and the start of the 2016 Games. Omega, the official Olympics timekeeper, announced Monday it will fund a refurb ...

Tags: Olympics, Brazil

World Rugby Crossing Fingers For Rio Venue

World Rugby officials "are crossing their fingers that the venue selected to stage their matches at next year's Rio Olympics will be ready in time even though construction on the stadium has not started with just a year to go," according to Julian Linden of REUTERS. Rugby, returning to the Olympics ...

Tags: Facilities, Brazil

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