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Constitutional Judge Backs Bremen State Senate's Proposal Regarding Security Costs

Published in SportsBusiness Daily Global on 07 / 30 / 14

German constitutional judge Peter Müller "has backed the Bremen State Senate in its dispute with the German Football Federation (DFB) and the German Football League (DFL) regarding the financing of police operations ," according to the DPA. Müller said, "Sanction does not replace discussi...

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Tags: Leagues and Governing Bodies, Europe

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06/20/14
Sochi Organizers Post $261M Profit

The 2014 Sochi Olympics "posted a provisional surplus" of $261M, according to the AP. The figure is $119M higher than a previous profit figure reported in April, but "is still dwarfed by the government subsidies given to the organizing committee," valued at $420M in December. The Sochi organizing co ...

Tags: Olympics, Russia

06/16/14
KHL Lowers Salary Cap

The Kontinental Hockey League has lowered the salary cap from 1.39B rubles ($40.4M) to 1.1B rubles ($32M) per squad for next season. Squads that go over that figure will be subject to a 20% “luxury tax” on any extra spendings. According to KHL President Alexander Medvedev, who announced ...

Tags: Russia, Leagues and Governing Bodies

06/12/14
Russian Officials Want To Bypass Inspections

Russia's sports ministry has suggested that construction of several arenas for the 2018 World Cup, financed by the government, should begin without thorough inspection of the projects. Ministry officials fear that inspections will take time and as a result deadlines may not be met. The idea contradi ...

Tags: Facilities, Russia

06/05/14
Putin Gives Awards To Olympic Investors

Russian President Vladimir Putin "handed out medals to a number of Russian billionaires who invested in the Sochi Olympics, the world's most expensive Games ," according to Alexei Anishchuk of REUTERS. Russian business newspaper Vedomosti reported Putin "gave the awards to major investors, includin ...

Tags: Olympics, Russia

05/29/14
Ukrainian Arena Burned By Militia

The home arena of Ukrainian ice hockey club Donbass was looted and burned during armed clashes in Donetsk, jeopardizing the squad's chances for participation in the Kontinental Hockey League next season. The arena Druzhba was set on fire early on Tuesday amidst clashes between Ukrainian army forces ...

Tags: Facilities, Russia, Europe

05/29/14
Ukrainian Owner On The Run

Ukrainian oligarch Sergei Kurchenko, the owner of football club Metalist Kharkiv, promised to continue to finance the squad. However, it is not clear how he is going to do it with an int'l arrest warrant out for him. "I guarantee that I will continue to finance the club and I won't abandon it, even ...

Tags: International Football, Russia

05/28/14
Moscow Sells Olimpiisky Stake For $137M

Moscow City Hall has sold a 64% stake in the threadbare Olimpiisky Sports Complex on Prospekt Mira, "a landmark of central Moscow," for a total of 4.67B rubles ($137M), according to the MOSCOW TIMES. In an open auction on Friday, a company called Nef ...

Tags: Facilities, Russia

05/23/14
Sales Brisk For Russian GP

Organizers of F1’s Russian Grand Prix, which is to debut this coming October, are boasting of high demand for tickets, expecting more than 45,000 people to attend the event scheduled for Sochi's Olympic Park. "Demand for tickets is high," Sergei Vorobyov, deputy general director of Omega, a co ...

Tags: Events and Attractions, Russia

05/23/14
Ukraine: Russia Should Lose '18 World Cup

Ukraine's ambassador to the EU, Kostiantyn Yelisieiev, said that "Russia should face EU financial sanctions and lose the right to host the 2018 football World Cup because of its annexation of the Crimea region," according to REUTERS. Yelisieiev said that asset free ...

Tags: International Football, Europe, Russia

05/16/14
ROCC Says Rio Should Host Olympics

Russian Olympic Committee Chair Alexander Zhukov said on Thursday that changing the host city for the 2016 Summer Olympics "is practically impossible," according to RIA NOVOSTI. R-Sport was earlier told that "the venue may be moved to London because Rio de Janeiro is behind in preparing for the even ...

Tags: Olympics, Russia, Brazil

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