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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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10/21/14
Russia's Luzhniki Ahead Of Schedule

FIFA has insisted that the £340M ($549M) reconstruction of Moscow’s Luzhniki Stadium -- the venue for the 2018 World Cup Final -- is "ahead of schedule" following an inspection visit of the venue on Monday, according to Mark Ogden of the London TELEGRAPH. FIFA's inspection team has "spen ...

Tags: Facilities, Russia

10/20/14
Serena Williams Responds To Slur

SERENA WILLIAMS "slammed" Russian Tennis Federation President SHAMIL TARPISHCHEV for using "extremely sexist, racist and bullying" comments after he described "her and sister VENUS as the 'Williams brothers,'" according to Patrick Johnston of REUTERS. The WTA "took swift action," fined Tarpish ...

Tags: People and Pop Culture, Russia

10/20/14
Lokomotiv To Appeal RFS Decision

In a rare case when a dispute between a football club and a sacked coach over a payoff is taken to outside arbitration, Lokomotiv Moscow said it will appeal a decision by the Russian Football Union (RFS) that it has to pay €1.8M ($2.3M) to recently fired coach Leonid Kuchuk. "We disagree with [ ...

Tags: Russia, Finance

10/17/14
FIFA Confident Zenit Arena Will Be Ready

FIFA has "no doubts" the Zenit Arena in St. Petersburg will be "completed in time" for the 2018 World Cup after an inspection on Thursday, according to the AFP.  After his team "toured the construction site of the 70,000-seat venue," FIFA Inspection Committee Head Christian Unger said, "There a ...

Tags: Facilities, Russia

10/16/14
Champagne Urges RFU To Combat Racism

FIFA presidential candidate Jerome Champagne urged the Russian Football Union "to increase punishments for clubs whose fans are guilty of racism to help eradicate the problem before the 2018 World Cup finals there," according to Mike Collett of REUTERS. Champagne said that "he was pleased the RFU ha ...

Tags: International Football, Russia

10/16/14
Russia Considering Reducing WC Budget

Russia 2018 World Cup CEO Alexei Sorokin said that Russia's budget for hosting the World Cup "may face a squeeze as the ruble's fall against the U.S. dollar makes imported construction materials more expensive," according to the AP. The ruble has fallen by "almost a third against the dollar since th ...

Tags: Facilities, Russia

10/13/14
Russian GP Result Of F1, OJSC Omega

The construction of the Sochi Autodrom, which staged the inaugural Russian Grand Prix, "is a story of cooperation among the local Russian company that has built the circuit, Formula One ’s leading architect and a consulting company that specializes in helping new Grand Prix sites around the w ...

Tags: Leagues and Governing Bodies, Russia

10/09/14
F1 CEO Ecclestone: 'We Are Happy'

F1 "risks political condemnation" when Russian President Vladimir Putin makes a personal appearance at the inaugural Russian Grand Prix on Sunday, according to Kevin Eason of the LONDON TIMES. The race, "held during outrage over Russia's involvement in Ukraine, is already treading on sensitive terri ...

Tags: Events and Attractions, Russia

10/08/14
Russian, Israeli Funds Invest In App

Investment funds Leta Capital, Cedar Fund, Titanium Investments and a group of individuals have invested $5.5M in the Israeli sports mobile application 365Scores. "This is our first investment in a sports-related mobile app," Sergei Toporov, senior investment manager at Russia's Leta Capital, the le ...

Tags: Finance, Russia, Middle East

10/01/14
Mutko: WC Construction Costs Mounting

Russian Sports Minister Vitaly Mutko said that while the plans for infrastructure build in 11 cities for the 2018 World Cup are unchanged, "costs of construction are mounting," according to Paul Nicholson of INSIDE WORLD FOOTBALL. The original stadium infrastructure cost was estimated at 100B rubles ...

Tags: Facilities, Russia

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