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Brasileiro Club Flamengo Expecting '15 Pre-Tax Profit Of $25M As Gate Receipts Jump 20%

Published in SportsBusiness Daily Global on 08 / 28 / 15

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...

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Tags: Franchises, Brazil

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Posterscope To Handle Games' $130M OOH

The Rio 2016 organizing committee announced that Dentsu Aegis Network's Posterscope Brazil will "take care of all operations" for out-of-home media before and during the 2016 Olympics, which will total R$400M ($131M), according to Adalberto Leister Filho of MAQUINA DO ESPORTE. Posterscope Brazil CEO ...

Tags: Olympics, Brazil

Uberlândia To Receive Para-Athletic Center

Around 200 para-athletes from Uberlândia, Brazil "received the good news" on Wednesday that they will soon have a sporting resource center designed for their medical needs, according to Caroline Aleixo of GLOBO ESPORTE. Uberlândia Tourism, Sport & Leisure Foundation (FUTEL) ...

Tags: Facilities, Brazil

Gold Watches Served As Qatar '22 Bribe

A "gold watch was the present offered" by former Emir of Qatar Hamad bin Khalifa Al Thani to each of the South American FIFA execs who "agreed to support" the country to host the 2022 World Cup, according to Rangel & Rizzo of FOLHA DE SÃO PAULO. The watches were "delivered on January ...

Tags: International Football, Brazil

Pelé Museum Has $93,000 Loss

São Paulo's Pelé Museum had its one-year anniversary on Monday and has thus far "accumulated a loss" of R$290,000 ($93,370), according to Luiz Alexandre Souza Ventura of ESTADÃO. Pelé said, "After the World Cup, the number of visitors dropped a little, but it will ge ...

Tags: Finance, Brazil

Arena Corinthians' Construction Unfinished

One year after the 2014 World Cup kickoff, São Paulo's Arena Corinthians is still under a "management crisis" as many areas of the stadium are incomplete, according to Favero & Ramos of ESTADÃO. The eighth floor of the stadium's west building, which was built to be "more luxurious, ...

Tags: Facilities, Brazil

NFL Explores Brazilian Pro Bowl

NFL Int'l Exec VP Mark Waller will visit Brazil in June to "study the market and select partners for an ambitious project" for '17: the first professional American football game held in a Brazilian territory, according to Diego Iwata Lima of FOLHA DE SÃO PAULO. Waller is "trying to organize" ...

Tags: Events and Attractions, Brazil

Rio De Janeiro Launches Federation Council

In a meeting on Wednesday, Marco Antônio Cabral and Marcos Braz, Rio de Janeiro's state and municipal secretaries of sport, leisure & youth, signed an agreement to launch the state's new Sporting Federation Council, which will "promote talks between the public and sporting trainers," accor ...

Tags: Leagues and Governing Bodies, Brazil

Pacaembu To Receive Walk Of Fame

To celebrate the 75th anniversary of São Paulo's Pacaembu stadium, Foot Fame, which creates footballers' footprints monuments, historical society Ama Brasil and the São Paulo municipal secretary of sports, leisure & youth "united to create" a football "walk of fame" at the stadium, ...

Tags: Facilities, Brazil

FBI Investigates Teixeira's Monaco Account

The FBI "identified deposits that came from Persian Gulf companies" in the accounts of former Brazilian Football Federation (CBF) President Ricardo Teixeira in Monaco, which "led American investigators to suspect that the Brazilian received money to vote for Qatar" as host of the 2022 World Cup, acc ...

Tags: International Football, Brazil

CBF President Says He Will Not Resign

Brazilian Football Federation (CBF) President Marco Polo Del Nero went to a meeting at the Chamber of Deputies on Tuesday and "rejected" the idea when he was "asked to resign," according to Fabrício Marques of GLOBO ESPORTE. To members of congress who "openly asked him about his particip ...

Tags: International Football, Brazil

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