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TalkTalk Pledges To Pass On Price Cuts To Customers In BT's Broadband

Published in SportsBusiness Daily Global on 09 / 19 / 14

TalkTalk "has pledged to cut the price of fibre broadband for customers should regulatory proposals over access to BT’s network force the former telecoms incumbent to lower the wholesale cost," according to Daniel Thomas of the FINANCIAL TIMES. TalkTalk CEO Dido Harding said that "prices for f...

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06/27/14
Work At Sochi F1 Racetrack Continues

Organizers of the first Russian F1 Grand Prix are continuing with their preparations and announced the opening of another stand, according to the SID. The new construction in the Olympic host city of Sochi "will be located at the end of the start and finish straight and provides seating to 7,000 spe ...

Tags: Events and Attractions, Russia

06/24/14
Russia Finds $88M WC Stadium Overspend

Russia's state Audit Chamber has found that the "design work for its 2018 stadia has been over-priced" by as much as $88M, according to INSIDE WORLD FOOTBALL. The audit of seven stadiums found that the real value of the "design, planning and projection" works was $80M -- not the $171M contracted in ...

Tags: Finance, Russia

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

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