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La Liga Champion Atlético Madrid Cuts Debt By $115M Since Beginning Of The Year

Published in SportsBusiness Daily Global on 09 / 22 / 14

La Liga side Atlético Madrid has been "battling a long-standing debt issue in the midst of their success," according to INSIDE SPANISH FOOTBALL. The club has been running debts of around €200M ($257M) over the last five years, but from Oct.1, "this figure will be settled" to around &euro...

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Tags: Finance, Europe

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02/28/14
Russia Sees No Wrong In Inhaling Xenon

A top Russian official said that the use of the gas xenon to improve the performance of athletes "is not banned and there would be 'nothing wrong' if Russian athletes were using it," according to the AFP. Germany’s WDR television this week and other reports this month "claimed that top Russian ...

Tags: Olympics, Russia

02/27/14
Ukrainian Club Faces Bankruptcy

One of Ukraine’s top football clubs, Metallist Kharkov, is on the verge of bankruptcy and, reportedly, the squad's owner disappeared along with several other entrepreneurs and state officials following the recent change of political regime in the country. Earlier this week, coach Miron Markevi ...

Tags: Finance, Russia

02/27/14
ABC1 To Broadcast Sochi Paralympics

ABC TV has signed as Australia’s official broadcaster of the 2014 Sochi Paralympic Winter Games, which begin March 7. It will be the third consecutive Paralympic Winter Games covered by the ABC. The agreement includes the online environment. Under the agreement, ABC TV will broadcast the Openi ...

Tags: Media, Russia

02/25/14
F1 CEO Plans Sochi Backdrop For Race

After the "five-ringed circus of the Winter Olympics packs up," the next big show in town will be F1 CEO Bernie Ecclestone’s F1 "extravaganza," according to Kevin Eason of the LONDON TIMES. One reason Sochi’s vast Olympic Park has so many wide open spaces "is because that is where the tr ...

Tags: Events and Attractions, Russia

02/24/14
YouTube Completes Sochi Streaming

YouTube has finished streaming the Olympics live in 17 countries across Central and South America and offering video-on-demand services in 75 additional countries. The effort was one of the largest YouTube has undertaken for a Winter Games, said Claude Ruibal, YouTube’s global head of sports c ...

Tags: Olympics, Russia

02/24/14
Bach: Sochi Games Proved Critics Wrong

IOC President Thomas Bach on Sunday said that the Sochi Winter Games "set records in competitor numbers, medals awarded and quality of venues, keeping athletes happy and proving critics wrong," according to Karolos Grohmann of REUTERS. Bach said that "Russian government support and President Vladi ...

Tags: Olympics, Russia

02/24/14
Facebook, McMorris Lead Social Media

As the Sochi Games come to a close, Facebook has passed Instagram as the social network with the most interactions, with 60% of total fan interactions. In second was Instagram with 32%, followed by 8% for Twitter. In a new report by Hookit, 885 int'l athletes were tracked on social media for the tim ...

Tags: Olympics, Russia

02/21/14
Latest Headlines From The Sochi Blog

SportsBusiness Daily/Journal have converted their  On The Ground blog into a comprehensive, daily website devoted to the Sochi Games and the business behind it. The site is free and runs through Monday, Feb. 24, the day after the Closing Ceremony. The site also can be accessed through the On T ...

Tags: Olympics, Russia

02/21/14
Canadian Olympic Movement Grows

Four years after Canada hosted the Vancouver Games, its Olympic committee is in the midst of transforming its business operations. Canadian Olympic Committee CEO Chris Overholt, who joined the organization in '11, has hired a new senior leadership ...

Tags: Olympics, Russia

02/21/14
Olympics Fuel Growth For Coke

The Sochi Games helped Coca-Cola achieve double-digit growth in Russia last year for its trademark Coca-Cola brand. The company has been using the Olympics to market its brand in Russia the last five years, and over that time it saw an increase in ...

Tags: Olympics, Russia

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