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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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Russian Officials Sack Zenit Builder

St. Petersburg officials have canceled a contract with Transstroy, the developer for the $1.1B Zenit Arena football stadium, and are putting out a call for developers. “The annulment of the contract is a technical measure, aimed at ensuring uninterrupted construction of the stadium,” a s ...

Tags: Facilities, Russia

Flooding, Mudslides Rattle Sochi

Russian authorities "declared a state of emergency in Sochi and evacuated a village because of flooding and mudslides" less than five months before the city hosts the Winter Olympics, according to Danilova & Shemetov of REUTERS. Knee-high puddles in the city center "caused long traffic jams afte ...

Tags: Olympics, Russia

Supervisor Says Bobsled Course Is Safe

As Sochi Winter Olympic constructors "put the final touches to the world’s longest bobsled track," its supervisor Vyacheslav Shavlev said that "it was 'one of the safest tracks in the world' with three uphill sections designed to slow competitors who build up a dangerous head of steam," accord ...

Tags: Olympics, Russia

Russian Fund Banks On Sports

Russian investment group Kapital, owned by FC Spartak's Owner Leonid Fedun, has launched a sports investment fund that allows Russian individuals to invest in stock of major sports teams, sports apparel manufacturers, etc. The new fund, Capital, the World's Sports Industry, said it intends to offer ...

Tags: Finance, Russia

Sochi Offers Sochi Delay Warning

Russian President Vladimir Putin "ordered officials to quickly overcome failures and delays in preparing the Sochi Winter Olympics and said he expected nothing less than a 'brilliant Games,'" according to Denis Dyomkin of REUTERS. The Black Sea resort city and Olympic Village "still resemble a const ...

Tags: Olympics, Russia

FIFA Signs With With Gazprom, Coca-Cola

Russian state-owned gas company Gazprom "signed a deal Saturday to sponsor FIFA for a four-year period," including when Russia hosts the World Cup in '18, according to R-SPORT. Gazprom CEO Alexei Miller declined to specify how much Gazprom was paying to sponsor FIFA, saying only that "the sum reflec ...

Tags: Marketing and Sponsorship, Russia

St. Petersburg Bids For Euro 2020

The Russian FA "formally declared Thursday it would propose St. Petersburg as a host city for the 13-nation Euro 2020 football tournament," according to R-SPORT. Euro 2020 "will be held in cities across Europe for the first time under an initiative" from UEFA President Michel Platini. One country "w ...

Tags: Events and Attractions, Russia

Sauber's Mysterious Russian Investors

The announced investment in the Sauber F1 Team by three Russian partners remains wrapped in a mystery as two investors would not provide any specifics regarding their involvement, while collaboration with the third company, the National Institute of Aviation Technologies, is going to be just “ ...

Tags: Franchises, Russia, Europe

KHL Extends Reach Ahead Of Sixth Season

As it prepares to open its sixth season Wednesday, the Kontinental Hockey League "has regained its confidence and momentum, moving markedly closer to its goal of creating a competitive, international alternative to the National Hockey League," according to Steven Lee Myers of the N.Y. TIMES.&nb ...

Tags: Leagues and Governing Bodies, Russia

Workers Added To Zenit Construction

The construction of Russia’s most expensive football stadium, St. Petersburg’s Zenit Arena, is still surrounded by uncertainty as city authorities request extra work force and plan to replace the main developer. The city’s construction committee has called on local construction com ...

Tags: Facilities, Russia

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