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French Open To Increase Prize Money For Champions, Early-Round Losers

04 / 16 / 14

French Open singles champions will get a record €1.65M ($2.3M) each, "with first-week losers receiving the biggest raise as the tennis tournament responds to players’ demands for more even prize money," according to Danielle Rossingh of BLOOMBERG. The tournament "has lifted prize money f...

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Tags: Events and Attractions, Europe

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11/01/12
GAK Ceases Operation After 110 Years

An Austrian bankruptcy court "has decided that third-division football club GAK has to cease operation," according to Ulrike Jantschner of the KURIER. Friends and donors of the former Austrian football champion "have hoped until the end to somehow generate the €150,000 ($194,000) bond that woul ...

Tags: Franchises, Europe

11/01/12
Alemannia Aachen Avoided Bankruptcy

German 3rd League club Alemannia Aachen "has avoided bankruptcy for the time being," according to the DPA. The club revealed Wednesday that somebody "from within the club" stepped up as a financial backer. The club has a reported deficit of €3.9M ($5.1M), which means it had to find €2M ($2 ...

Tags: Finance, Europe

11/01/12
Emmi Extends Ski World Cup Sponsorship

Swiss milk processor Emmi has extended its int'l sponsorship involvement in the Audi FIS Alpine Ski World Cup. The new contract directly follows the current one, running from the '13-14 to the '15-16 season. The deal was brokered by Infront Sports & Media. The agreement entitles Emmi to be at th ...

Tags: Marketing and Sponsorship, Europe

11/01/12
Confederations Cup Venues Nearly Set

FIFA "will confirm next week whether all six venues for next year's Confederations Cup in Brazil will be able to stage the event," according to Brian Homewood of REUTERS. FIFA has already announced that Rio de Janeiro, Belo Horizonte, Salvador, Fortaleza, Recife and Brasilia "will host matches in th ...

Tags: International Football, Europe, Brazil

10/31/12
Madrid Guanatees Hotel Rooms For '20 Bid

The Madrid 2020 Foundation, Madrid 2020 Corp. and Madrid Hotel Industry Association have agreed on a partnership that guarantees the availability of more than 80,000 beds at the city's hotels during the 2020 Olympic Games. The rooms will be available at capped room rates. Madrid Mayor Ana Botella sa ...

Tags: Olympics, Europe, Japan

10/31/12
Nürburgring Still Has Shot At Hosting F1

F1 CEO Bernie Ecclestone "has started negotiations with Hockenheimring officials, but the struggling Nürburgring still has a shot at hosting the 2013 German F1 Grand Prix," according to Dietmar Brück of the RHEIN ZEITUNG. Pietro Nuvoloni, a spokesperson for the financial recovery expe ...

Tags: Facilities, Europe

10/31/12
Cologne Fan Bonds Reach Issue Goal

Indebted 2nd Bundesliga club FC Cologne "has already reached its planned issue volume for its fan bonds," according to the DPA. The club's fan bonds, which have been available since the start of August, "have already sold out with an issue volume of €10M ($13M)." FC Cologne President Werner Spi ...

Tags: Finance, Europe

10/31/12
Hannover Could Lose Rights Partner

Bundesliga club Hannover 96 could soon lose its stadium naming-rights partner AWD, according to D. Puske-Peleitis of BILD.  Financial services company AWD "will reportedly merge with its parent company Swiss Life and distribute its financial products under the 'Swiss Life Best Select' brand." D ...

Tags: Marketing and Sponsorship, Europe

10/31/12
Lotus Boss: Further Discussion Needed

F1 CEO Bernie Ecclestone's "attempts to cut costs by imposing a potential £155M ($250M) budget cap on each team" has been called "unrealistic" by McLaren F1 Team Principal Martin Whitmarsh, according to Mark Cue of the LONDON TIMES. Ecclestone revealed during last weekend’s Indian Grand ...

Tags: Leagues and Governing Bodies, Europe

10/31/12
Special Situation For Zurich Stadium

Zurich's newly planned CHF 230M ($247M) football stadium has led to criticism and astonishment in other Swiss cities, according to Peter B. Birrer of the NEUE ZÜRCHER ZEITUNG. The history of Zurich and its football stadium "is long, painful and expensive." The "millions pile up like nowhere els ...

Tags: Facilities, Europe

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