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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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07/23/14
Int'l Attention Turns To Russia 2018

After what was largely considered to be a successful World Cup in Brazil, int'l attention "now turns to the next hosts, Russia," according to Rafael Saakov of the BBC. Whether current political tensions between Russia and the West "will have any bearing on the staging of the tournament remains to be ...

Tags: Russia, Finance

07/22/14
Clubs Moving Out Of Harm's Way

As fighting between Ukrainian armed forces and pro-Russian separatists continues in Eastern Ukraine, three football squads based in Donetsk, currently controlled by the separatists, are moving their home games to other cities. A spokesperson for Ukraine's Premier League told SBD Global that Olimpik, ...

Tags: Russia, International Football

07/21/14
Russian GP Could Bring PR Crisis For F1

Fears "are growing that Formula One is steering towards a new public relations fiasco as the sport gears up for the inaugural Russian Grand Prix," according to Kevin Eason of the LONDON TIMES. Leading sponsors were "already nervous about the new race in a country embroiled in the crisis in Ukraine, ...

Tags: Events and Attractions, Russia

07/16/14
Blatter Casts Doubt On Russia 2018 Plans

FIFA President Sepp Blatter "threw an unexpected seed of doubt into Russia's preparations for the 2018 World Cup on Monday when he said that FIFA will discuss the possibility of reducing the number of stadiums to be used there in four years time," according to Mike Collett of REUTERS. Two days after ...

Tags: International Football, Russia

07/09/14
Russian Parliament OKs Beer Adverts

Russian Parliament's passage of a law to allow beer commercials during sports broadcasts is expected to pump fresh revenue into the country's sports business. Some experts, though, say the impact from the measure might not be significant. The move ends a two-year ban on all alcohol commercials. Duma ...

Tags: Russia, Marketing and Sponsorship

07/07/14
RFS To Increase Foreign Coach Tax Levy

The Football Union of Russia (RFS) is to "increase the tax on clubs that employ foreign coaches," according to INSIDE WORLD FOOTBALL. The FUR "already levies a tax on foreign coaches but a commission of coaching excellence" that met on Thursday was "examining how much should actually be paid." Commi ...

Tags: Finance, Russia

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

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