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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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05/17/13
FIFA: São Paulo Stadium Will Be Ready

FIFA said that São Paulo's World Cup stadium "will be ready on time," less than 24 hours "after warning the city it could lose the right to stage matches because of delays in building the new arena," according to Brian Homewood of REUTERS. FIFA said that "it had reached a settlement with stad ...

Tags: Facilities, Brazil

05/16/13
São Paulo Could Lose World Cup Games

FIFA Secretary General Jerome Valcke warned Tuesday that "delays in completing the stadium in Sao Paulo could result in the city being stripped of hosting 2014 World Cup matches," according to the AP. Sao Paulo is scheduled to host six World Cup matches, including the opener and one of the semifinal ...

Tags: Facilities, Brazil

05/16/13
Caixa Renews With Spain For '16 Games

Caixa Econômica Federal has renewed its agreement with Spain's Olympic Sports Association (ADO) for the 2016 Rio de Janeiro Games as associate sponsor. The partnership is the highest form of agreement a business can have with the ADO. Spanish Olympic Committee (COE) President Alejandro Blanco ...

Tags: Brazil, Olympics

05/15/13
Maracanã Privatization Unblocked In Court

A Rio de Janeiro court has "overturned the suspension of the concession" of Brazil's Maracanã stadium to a group of private companies, according to the BBC. The stadium was privatized last week, "but a judge suspended the process saying the bidding was illegal." Monday's ruling reversed this. ...

Tags: Facilities, Brazil

05/15/13
FIFA Considers Ban On Maracas

First, there was the vuvuzela, "South Africa's much-criticised World Cup trumpet whose dull blare annoyed millions of football fans," according to James Hider of the LONDON TIMES. Brazil's official musical instrument for the World Cup has run into problems, "being banned by police at a match on Sund ...

Tags: International Football, Brazil

05/14/13
Caixa Agrees To Deal With Coritiba

Caixa Econômica Federal "has further enhanced its presence in Brazilian club football" by agreeing a one-year deal to become the new main shirt sponsor of Brasileiro club Coritiba, according to SOCCEREX. The agreement with government-owned financial institution Caixa is worth a reported R$6M ( ...

Tags: Marketing and Sponsorship, Brazil

05/13/13
Maracanã Privatization Suspended

A Brazil court on Friday "temporarily suspended a contract won Thursday by Consortium Maracanã SA" to operate Rio de Janeiro's Maracanã stadium, according to Jeffrey T. Lewis of the WALL STREET JOURNAL. The court injunction came one day after the consortium -- backed by Anschutz Entert ...

Tags: Facilities, Brazil

05/13/13
Rio Mayor Seeks Stadium Responsibility

Rio de Janeiro Mayor Eduardo Paes "has vowed to punish those responsible for structural defects in the showpiece venue for the 2016 Rio Games," according to XINHUA. The Joao Havelange stadium "was shut in March after an appraisal by an independent engineering firm showed the venue's roof could colla ...

Tags: Facilities, Brazil

05/10/13
IOC: Rio Stadium Needs Name Change

IOC presidential candidate Thomas Bach said on Thursday that the Joao Havelange Olympic Stadium in Rio de Janeiro "might not be named after the once-powerful former FIFA president by the time of the 2016 Games," according to Karolos Grohmann of REUTERS. Rio politicians presented a bill on Wednesday ...

Tags: Facilities, Brazil

05/09/13
FIFA 'Concerned' Over Stadium Delay

FIFA has expressed concern over reports that São Paulo's 2014 World Cup stadium "will not be finished by the December deadline as preparations for the tournament continue to be plagued by delays," according to Brian Homewood of REUTERS. FIFA, which has allowed several stadiums to over-run the ...

Tags: Facilities, Brazil, Europe

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