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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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12/13/12
Minister: World Cup Venues To Be Ready

Brazil Deputy Sports Minister Luis Fernandes said that Manaus, one of the 12 cities due to stage World Cup matches in Brazil in 18 months, "will be ready on time," despite fears expressed by FIFA, according to Mike Collett of  REUTERS. Fernandes said, "There is no threat whatsoever to any of th ...

Tags: International Football, Brazil

12/12/12
Corinthians Agrees To Sleeve Sponsorship

Brasileiro club Corinthians has reached a R$12M ($5.8M) a year sponsorship deal with language school Fisk, according to IG. The company was already a sponsor of the club last season when it paid R$9M ($4.3M) to have its logo on the lower front and back of the jersey. The new deal, valid through '14, ...

Tags: Marketing and Sponsorship, Brazil

12/12/12
Santos Renews Corr Plastik Deal

Brasileiro club Santos has confirmed pipe maker Corr Plastik has agreed to a two-year R$7M ($3.4M) sponsorship deal with the club, according to MAQUINA DO ESPORTE. The company will have its logo on the shorts and the lower front and back of the team's jersys. Corr Plastik takes over the space sponso ...

Tags: Marketing and Sponsorship, Brazil

12/10/12
Corinthians Agree To $145M Nike Deal

Brasileiro club Corinthians has agreed to a contract extension with kit supplier Nike worth R$300M ($145M), according to Reis & Macedo of FOLHA DE S. PAULO. Team President Mário Gobbi confirmed the news in Japan, where the team is playing in the FIFA Club World Cup. Corinthians' current k ...

Tags: Marketing and Sponsorship, Brazil

12/10/12
Palmeiras Land Stadium Sponsorships

Brazilian club Palmeiras "has closed six sponsorship deals" for its new Arena Palestra Itália stadium, according to YAHOO ESPORTE. The São Paulo club, which played top flight football this season but has been regulated to the second division for the '13 season, "has sold six of the 14 ...

Tags: Marketing and Sponsorship, Brazil

12/10/12
Olympics Tennis To See Rule Change

Tennis officials are "considering adding third-set tiebreakers" at the next Olympics after some marathon matches in London this year, according to the AP. In addition, Bronze Medal matches "could be eliminated to lighten the loads of players entered in multiple events." Int'l Tennis Federation Presi ...

Tags: Olympics, United Kingdom, Brazil

12/06/12
CBF Working On Significant Project

The Brazilian Football Confederation (CBF) is working on a project to ensure that the World Cup stadiums being built in Cuiabá, Manaus and Brasilia do not turn into "white elephants" after the tournament, according to Rodrigo Vessoni of LANCE NET. The CBF does not want "so much tax payer mone ...

Tags: Leagues and Governing Bodies, Brazil

12/06/12
Maracanã Control To Be Disputed

Portuguese stadium operator Lusoarenas and Brazilian sports marketing agency Traffic Sports have partnered "to dispute the control of the Maracanã," according to Almeida, Castro & Konchinski of UOL. Lusoarenas President Marco Herling confirmed the partnership. Herling said that the compan ...

Tags: Brazil, Facilities

12/05/12
Brasileiro Club Deciding On Sponsors

Brasileiro club Santos is "up against time" to figure out which sponsors will be on the team's jersey next season, according to Milton Pazzi Jr. of FOLHA DE S. PAULO. The club's current five sponsors -- Seara, Banco BMG, Netshoes, Marabraz and CSU -- all have deals that expire on Dec. 31. So far "no ...

Tags: Brazil, Marketing and Sponsorship

12/05/12
Corinthians Fans Damage Airport

Close to 15,000 fans of Brasileiro club Corinthians were at São Paulo's Guarulhos Int'l Airport to cheer the squad as it left for the FIFA Club World Cup in Japan, according to GLOBO ESPORTE. However, the party ended in "confusion with the military police" and airport security. According to a ...

Tags: International Football, Brazil

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