Featured Story

Brasileiro Side Cruzeiro Reports Third Consecutive Deficit Of R$40M For '14

Published in SportsBusiness Daily Global on 04 / 24 / 15

Similar to the past couple of seasons, Brasileiro side Cruzeiro "had a deficit last year" totaling between R$35M and R$40M, according to Marco Antônio Astoni of GLOBO ESPORTE. In '13, the club's deficit totaled R$22M and in '12, it was R$31M. The club's '14 revenue, however, was more than R$21...

Read More

Tags: Finance, Brazil

More Stories

03/16/15
Mané Garrincha To Become 'Office'

Brasília's Estádio Nacional Mané Garrincha, one of the stadiums built for the 2014 World Cup, "will serve as an office," according to LANCEPRESS. The stadium, with a monthly maintenance cost of R$600,000 ($185,000), "will house the offices" of three departments of Brazilian gov ...

Tags: Facilities, Brazil

03/16/15
São Paulo May Not Host Olympic Football

São Paulo could potentially be excluded from hosting any 2016 Olympic football games, a fact that "was already taken for granted," according to FOLHA DE SÃO PAULO. A meeting held Thursday with the IOC, São Paulo's city hall and the state government "placed a question mark on S& ...

Tags: Olympics, Brazil

03/13/15
Dutch To Help Rio With Floating Garbage

Under pressure from the IOC, the government of Rio de Janeiro "has turned to a high-technology Dutch firm to help collect floating rubbish in Guanabara Bay, the sailing venue for the 2016 Games," according to the AP. Researchers "have created a system that compiles weather and water-condition data a ...

Tags: Olympics, Brazil

03/13/15
FERJ Announces 2015 Campeonato Income

The Rio de Janeiro Football Federation (FERJ) published on its official site on Tuesday a side-by-side "comparison of the net income obtained by the clubs" in Rio de Janeiro state in the last three years of the Campeonato Carioca, according to Fábio Suzuki of LANCENET. FERJ's data indicated t ...

Tags: Finance, Brazil

03/13/15
São Paulo To Host Parapan Youth Games

São Paulo was chosen Wednesday to host the 2017 Parapan American Youth Games. Close to 1,000 athletes between the ages of 13 and 21 from 20 countries will participate in the 12-sport event put together by the Brazilian Paralympic Committee (CPB). Aside from the competition, the CPB will also ...

Tags: Events and Attractions, Brazil

03/13/15
Building Arena Corinthians 'Wasted' $47M

With an initial cost of R$820M ($262.3M), Brasileiro side Corinthians "will finalize the construction of its stadium" for a total of R$985M ($315.1M), according to the GAZETA PRESS. Aside from the fixed-price construction agreement to build the Arena Corinthians with Brazilian construction company O ...

Tags: Facilities, Brazil

03/12/15
Former Santos President Seeking $4.8M

A financial crisis, contracting striker Leandro Damião "for the price of gold," and delayed salary payments that caused the departure of players Marcos Arouca da Silva, Edu Dracena, Mário Lúcio Costa Duarte and Eugenio Mena were "justified reasons for anger" in relation to forme ...

Tags: Finance, Brazil

03/12/15
Olympic Arenas Built With Future In Mind

The cost of building the arenas for the 2016 Olympic Games is currently R$6.6B ($2.1B), but to "avoid white elephants, there is already a plan in place" for after the Games end, according to SPORTV. Two of the seven arenas, one being the Olympic Tennis Center, will be reused under the plan called "n ...

Tags: Olympics, Brazil

03/12/15
Rio To Reach Hotel Bed Capacity

With progress in the construction of new hotels, the city of Rio de Janeiro will reach the critical number of hotel beds needed for the Olympic Games, which will take place in August 2016. The 48,000 beds deemed necessary for the sports event will be attained by the end of this year. The Gra ...

Tags: Olympics, Brazil

03/12/15
Arena Amazônia Generates Debt Of $1.3M

The Arena Amazônia, a stadium "built by the Amazonas state government for around" R$750M and a maximum capacity of 42,300 people, has accumulated a debt of R$4.1M ($1.3M), according to Vinícius Segalla of UOL. This was the amount "calculated" by Amazonas state when determining "monthly ...

Tags: Facilities, Brazil

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug