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Michelin Says Tires Used In Formula E Could Hit Roads In Three To Five Years

Published in SportsBusiness Daily Global on 04 / 01 / 15

Michelin’s involvement in Formula E is accelerating the implementation of new developments in road tires, according to a senior exec at the company. The technological aspect is one of three pillars Michelin looks at when entering a motorsports series, said Chris Baker, motorsports director at...

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03/23/15
Russian Football In Talks For TV Deal

The Russian Football Premier League is in negotiations for new three-year TV rights deals and hopes that the value of the Russian deal will at least not be lower than the previous $105M contract. Russian TV rights were sold to the local satellite operator NTV Plus in a three-season deal in '12, and ...

Tags: Media, Russia

03/20/15
Russia Cuts Budgets But Not WC Build

Russia's cabinet passed a 10% cut in the federal budget but was quick to emphasize that "the cuts would not effect the build programme of the 2018 World Cup Stadia," according to Paul Nicholson of INSIDE WORLD FOOTBALL. As if to emphasize the point, "the new roof structure for Moscow's showpiece Luz ...

Tags: International Football, Russia

03/19/15
FFP Rules To Soften For Clubs In Crisis

UEFA is prepared to soften its Financial Fair Play rules for Russian and Ukrainian clubs "that are being battered by their countries' economic problems," according to James Ellingworth of the AP. With the Russian and Ukrainian currencies having "dropped sharply in value over the last year and the tw ...

Tags: Finance, Russia

03/18/15
Sebastian Coe Warns Against WC Boycott

British Olympic Association Chair Sebastian Coe has warned against calls from the Ukrainian president to boycott the 2018 World Cup in Russia over the "conflict between the two nations," according to Nick Purewal of the PA. Coe, the former chairman of the LOCOG, believes sporting boycotts only "dama ...

Tags: International Football, Russia

03/13/15
PR Firm Ketchum Ends Work For Russia

Public relations firm Ketchum has "ended the bulk of its work" for the Russian Federation in the U.S. and Europe amid "continuing tensions between the country and Western governments," according to Washkuch & Nichols of PR WEEK. The Omnicom Group firm represented the Kremlin through its hosting ...

Tags: Marketing and Sponsorship, Russia

03/10/15
Construction Workers Demand $233,000

Construction workers on Zenit Arena in St. Petersburg, Russia's most expensive football stadium, are complaining about wage arrears. A group of 50 construction workers have approached Arkady Chaplygin, a well-known lawyer and head of the local chapter of Progress Party, an organization led by anti-c ...

Tags: Facilities, Russia

03/10/15
Russians Stump Up Capello's Back Pay

Russian national team Manager Fabio Capello and his compatriot Oreste Cinquini, the team's general manager, "have at last been paid the outstanding salaries owed to them going back to June of last year," according to Paul Nicholson of INSIDE WORLD FOOTBALL. Reports are that the Russian Football Unio ...

Tags: International Football, Russia

03/04/15
Currency Crisis Sinks RPL Transfer Market

Russian Premier League clubs’ transfer spending in this year’s winter window hit a 14-year low. The Premier League's 16 clubs spent only €6M on transfers between them, the lowest figure for a winter transfer campaign since '01 and a drastic decline from €39M spent in the winter ...

Tags: International Football, Russia

03/04/15
Russia Moves To Reduce Construction Costs

Russia's moves to reduce construction costs as it prepares for the 2018 World Cup in the face of a collapse of the ruble against the dollar "have resulted in more proposals for stadium cost-cutting and a reduction in the number of training sites for teams that qualify," according to Paul Nicholson o ...

Tags: International Football, Russia

03/02/15
Sochi Games Made $53 Million Profit

Officials announced that the 2014 Sochi Winter Olympics "made an operating profit" of 3.25B rubles ($53.15M), according to Andrew Downie of REUTERS. The IOC said that "it was planning to give its share of the profits back to the Russian organizers." Spokesperson Mark Adams said, "The IOC has already ...

Tags: Olympics, Russia

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