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German Government Supports Hamburg's 2024 Olympics Bid With $33M

Published in SportsBusiness Daily Global on 05 / 22 / 15

The German government "will support Hamburg's bid for the 2024 Olympics" with €30M ($33.4M), according to Kathrin Hartmann of SPONSORs. The government will support the bid with a total of €30M between '15-17. The first €10M ($11.1M) will reportedly be provided this year. The additiona...

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Tags: Olympics, Europe

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Proposed Logo Change Causes Stir

Proposed new logo vs. current logo Fans of 2nd Bundesliga club FSV Frankfurt "protested the club's proposed logo change with a sign at the club's away game in Heidenheim on Sunday," according to Ingrid Geuckler- ...

Tags: Franchises, Europe

Adidas Sees 16% Slide In Q2 Net Profits

Adidas shareholders saw a 16% "slide in net profits in the second quarter of the year as the group repeated its warning that currency effects, conditions in Russia and poor golf sales were taking their toll," according to Alice Ross of the FINANCIAL TIMES. Adidas CEO Herbert Hainer said, "Missing ou ...

Tags: Finance, Europe

Alonso's Cycling Team Waits For License

The manager of Ferrari F1 driver Fernando Alonso, Luis Garcia-Abad, cannot "sign any riders until they learn whether or not their licence application has been successful," according to Gregor Brown of CYCLING WEEKLY. But with riders signing contracts already, they "could be left with nothing." Alons ...

Tags: Europe, Franchises

ESPN Int'l Renews UEFA Rights

ESPN Int'l reached a broad multimedia rights agreement with UEFA to continue broadcasting the Champions League, Europa League, and the Super Cup in Spanish-speaking Latin America and select countries and territories across the Caribbean, effective '15-18. ESPN and Fox Sports will divide the matches ...

Tags: Media, Europe

Saxo Bank Retain's Cycling Sponsorship

The Tinkoff-Saxo cycling team, led by two-time Tour de France winner Alberto Contador, has "received a boost with Denmark’s Saxo Bank announcing it will remain a co-title sponsor for 2015," according to Josh Reich of REUTERS. The team "is owned by Russia’s Oleg Tinkov and managed by Dane ...

Tags: Marketing and Sponsorship, Europe

Rummenigge Calls For FFP In Bundesliga

Bayern Munich Exec Chair Karl-Heinz Rummenigge "has called for the introduction of financial fair play in the Bundesliga," according to ZEIT ONLINE. Rummenigge, referring to the ongoing discussions about Red Bull-owned club RB Leipzig, said, "The issue of RB Leipzig, the whole discussion, could be p ...

Tags: Europe, International Football

Nike Outpaces Adidas In Kit Supply Deals

The rivalry between Nike and adidas is once again reshaping the commercial landscape of European football, according to Repucom and PR Marketing's latest Kit Supplier Report. Shirt sales in Europe continue to be big business for kit suppliers. Approximately 13 million shirts were sold by the 98 club ...

Tags: Marketing and Sponsorship, Europe

MDR To Sign Sponorship Deal With Aue

Second Bundesliga club Erzgebirge Aue "is reportedly close to signing a sponsorship deal with regional public broadcaster MDR," according to Sören Fiedler of BILD. The MDR "is expected to become a co-sponsor of the club." The public broadcaster "had a similar cooperation with Aue's in-state riv ...

Tags: Marketing and Sponsorship, Europe

Serbia Seeks To Privatize Club Football

Serbian Minister of Youth Affairs & Sport Vanja Udovicic said that "the government is working on a strategy to privatise the country's football clubs," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Under the plan, the clubs "are to model their operations on those of Greek football si ...

Tags: International Football, Europe

Ecclestone: I Was 'An Idiot' For Settling

F1 CEO Bernie Ecclestone said he was "a bit of an idiot" for paying a £60M ($100M) settlement to end his bribery case -- but is "pleased it is over," according to the BBC. The 83-year-old "denied any wrongdoing." His offer was accepted by German prosecutors, with the judge saying the charges " ...

Tags: Leagues and Governing Bodies, Europe

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