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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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03/25/14
Mediapro Eyes Latin American F1 Channel

Spanish multimedia group Mediapro "plans to start a regional 24-hour Formula One channel after acquiring the series' rights for most of Central and South America and the Caribbean," according to Alex Duff of BLOOMBERG. Mediapro said in an e-mailed statement that it "bought the free-to-air and pay-TV ...

Tags: Media, South America

03/25/14
Fewer Than Half Of Brazilians Favor WC

Eighty days before the World Cup in Brazil, a survey found that "fewer than half of the host country’s citizens are positive about the monthlong event," according to Tariq Panja of BLOOMBERG. Twenty-four percent of people interviewed by Sao Paulo-based Datafolha said the tournament would be &l ...

Tags: Events and Attractions, Brazil

03/24/14
Rio Games Face 'Crucial' Budget Meeting

An inspection group from the IOC told organizers of the 2016 Rio de Janeiro Games that "the time for talking is over and that crucial decisions need to be made," according to Panja & Duff of BLOOMBERG. In January, Brazilian authorities said that they "would be spending" at least 5.6B reais ($2.4 ...

Tags: Olympics, Brazil

03/24/14
FIFA Apologizes To Brazil For 'Advice'

FIFA performed an "embarrassing U-turn on Saturday and apologized, saying it had withdrawn publicity material for the World Cup in Brazil that poked fun at local customs," according to the AFP. FIFA removed material which "depicted Brazilians as unpunctual, impatient and even chaotic." Having "regul ...

Tags: Events and Attractions, Brazil

03/24/14
FIFA: Impasse Resolved Over Stadium

FIFA said on Friday that a financial impasse that has threatened to cause more delays at Sao Paulo's World Cup stadium "has been resolved," according to Brian Homewood of REUTERS. The Itaquerao stadium, "being built by the Corinthians club, is due to open on April 15, nearly four months after the De ...

Tags: Facilities, Brazil

03/24/14
Argentine Tax Agency Head Meets Blatter

Argentina tax agency head Ricardo Echegaray met with FIFA President Sepp Blatter to tell him how football teams "are evading taxes" in the $3.7B player trading market, according to Panja & Duff of BLOOMBERG. Echegaray has traveled to the football ruling body’s headquarters in Zurich to inf ...

Tags: Finance, South America

03/24/14
IndyCar Looks To Return To Brazil

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Brazil To Declare No-Fly Zone

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03/21/14
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Tags: International Football, South America

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