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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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06/12/14
Japan Sports Chief: Venue Review 'Inevitable'

Japan Sports Minister Hakubun Shimomura said Wednesday that a review of the venue plans for the 2020 Tokyo Olympic and Paralympic Games is "inevitable" in the face of mounting costs, endorsing Tokyo Gov. Yoichi Masuzoe's decision the previous day to launch it, according to KYODO. Shimomura, head of ...

Tags: Olympics, Japan

06/11/14
Japanese Basketball Club To Cut Costs

Japanese National Basketball League side Wakayama Trians is "poised to undergo a complete organizational restructuring," according to Nagatsuka & Odeven of the JAPAN TIMES. As part of this major overhaul, head coach Zeljko Pavlicevic, who guided the Trians to a championship runnerup finish at th ...

Tags: Franchises, Japan

06/11/14
Tokyo 2020 Organizers To Review Plans

Japan's Olympics organizers said Tuesday that "they are reviewing their venue plans for the 2020 Tokyo Games because of concerns over rising costs," according to the AP. Tokyo Gov. Yoichi Masuzoe said that "the overall plan for the venues needs to be revised." Masuzoe said, "We must respond to conce ...

Tags: Olympics, Japan

06/09/14
Tokyo Divided Over Stadium Plans

As Tokyo prepares to demolish the half-century old stadium that hosted the first Olympics in Asia, "debate is raging over whether the colossal, futuristic replacement planned for the 2020 Games will help revitalise or indelibly mar Japan's famous capital," according to Elaine Kurtenbach of the AP. T ...

Tags: Olympics, Japan

06/06/14
Developer Plans $9.7B Olympic Project

Japan developer Mori Building Co. "plans projects in central Tokyo" worth an estimated $9.7B with partners as the city prepares for the 2020 Olympics, according to Chu & Kuwako of BLOOMBERG. Mori President/CEO Shingo Tsuji said that Mori "plans to develop about 10 projects" over the next decade ...

Tags: Olympics, Japan

06/02/14
Honda Not Interested In Buying McLaren

McLaren has dismissed suggestions Honda is "poised to purchase a stake in the team," according to Ian Parkes of the PA. After what will be a seven-year absence come next season, Honda returns to F1 next year "as power-unit suppliers to McLaren after signing a long-term deal with the Woking-based mar ...

Tags: Franchises, United Kingdom, Japan

06/02/14
Smaller Tokyo Stadium Design Released

The Japan Sport Council "has released a basic design proposal for the new National Stadium in Shinjuku Ward, Tokyo, which will serve as the main stadium for the 2020 Tokyo Olympics and Paralympics," according to the YOMIURI SHIMBUN. The total floor area is about 211,000 square meters, "reflecting a ...

Tags: Facilities, Japan

05/28/14
Stadium Petition Puts Pressure On Zaha

A second petition against Zaha Hadid Architects’ competition winning Tokyo’s 2020 Olympic Stadium "has been launched," according to Max Thompson of the ARCHITECTS JOURNAL. The latest online protest "is backed by veteran Japanese architect Edward Suzuki, founder of Tokyo-based Edward Suzu ...

Tags: Facilities, Japan

05/27/14
Chip Ganassi Racing, ENEOS Team Up

The recently signed partnership between Chip Ganassi Racing and Japanese motor oil brand ENEOS kicked off with a win in the NASCAR Nationwide Series History 300 at the Charlotte Motor Speedway. Driver Kyle Larson put his No. 42 Chevrolet Camaro in victory lane on Saturday. The race was the first of ...

Tags: Marketing and Sponsorship, Japan, North America

05/27/14
Bridgestone To Become Olympic Sponsor

Sources said that Bridgestone Corp. will pay about 35B yen ($344M) to become a major sponsor of the IOC "in a deal that will cover the 2020 Tokyo Olympics," according to the ASAHI SHIMBUN. The 10-year deal "will recognize Bridgestone as one of the 11 top-ranked worldwide sponsors under the TOP (The ...

Tags: Marketing and Sponsorship, Japan

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