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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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12/05/12
IOC Tells Rio Organizers 'Time Is Ticking'

Rio de Janeiro 2016 Olympics organizers have been warned "time is ticking in a not-so-subtle hint to fast-track their Olympic preparations," according to Jacquelin Magnay of the London TELEGRAPH. The IOC's exec board is "increasingly concerned about the rate of progress for the Games, which are mire ...

Tags: Olympics, Brazil

12/04/12
Sevens To Play In Olympic Stadium In '16

Rugby Sevens "will take centre stage in the main Olympic Stadium" in '16 if a site visit to Rio de Janeiro after Christmas from Int'l Rugby Board CEO Brett Gosper and his technical team goes to plan, according to Brendan Gallagher of the London TELEGRAPH. The Rio organzing committee plans to use a s ...

Tags: Olympics, Brazil, Facilities

12/04/12
Event Notes

In the first hour they went on sale, close to 20,000 people applied for "the most popular Confederations Cup tickets." The category 4 tickets are the cheapest and only available to Brazilian residents. They are priced between R$28.5 ($13.5) and R$57 ($27). On Saturday, FIFA revealed that more than 1 ...

Tags: Brazil, International Football, FIFA Confederations Cup

12/03/12
TV Rights Aid Brazil's Football Clubs

A new study reveals that Brazil's top football clubs reported a 29.7% increase in total revenue as they "gained a greater share of income" from TV rights, according to Joe Leahy of the FINANCIAL TIMES. A study by investment bank Itaù revealed the country’s top clubs earned total revenue ...

Tags: International Football, Brazil

12/03/12
AEG To Manage World Cup Stadium

Brasileiro club Atlético Paranaense revealed AEG Facilities as the company that will manage the club's new Arena da Baixada stadium, according to Lucas Turco of MAQUINA DO ESPORTE. The contract is for 10 years, but terms of the deal "were not disclosed." The new stadium, scheduled to host Wor ...

Tags: Brazil, Facilities

12/03/12
Confederations Cup Draw

The countdown to the ninth FIFA Confederations Cup began when the draw for the competition was held at the Anhembi Convention Centre in São Paulo, Brazil. The draw ceremony revealed who will face who in the group phase of the tournament, which takes place in Brazil from June 15-30. Brazil wil ...

Tags: International Football, Brazil

12/03/12
Rio Negotiates Third Maracanã Loan

The Rio de Janeiro government "is negotiating its third loan" to pay for the remodeling of the Maracanã stadium for the 2014 World Cup, according to Vinicius Konchinski of UOL. If the negotiations with the Caixa Econômica Federal go well, the state will receive a R$137M ($64.1M) loan. I ...

Tags: Brazil, Facilities

11/30/12
Scolari Announced As Brazil Coach

The Brazilian Football Confederation officially announced Luiz Felipe Scolari as the head coach of the national team, according to Alliatti & Seda of GLOBO ESPORTE. Former Brazil Manager Carlos Alberto Parreira was also confirmed as the new technical director. CBF President José Maria Mar ...

Tags: Brazil, International Football

11/30/12
América-MG, Finta Will Not Renew Deal

Brasileiro B club América-MG and sportswear company Finta will not renew their kit deal, according to Mauro Zafalon of MAQUINA DO ESPORTE. After a one-year partnership, the contract is due to expire in December, and "there are slim chances it will be renewed." The club from Belo Horizonte and ...

Tags: Brazil, Marketing and Sponsorship

11/30/12
Brazil Security On Track

Brazil has a reputation for "being one of the world's more violent societies," but organizers of next summer's Confederations Cup and the 2014 World Cup insist that security will not be a problem at either event, according to the AFP. Organizers are "pointing to the country's ability over the years ...

Tags: International Football, Brazil

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