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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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09/16/14
Wasserman Picks Up $100M Investment

Wasserman Media Group has received a $100M "investment from Silicon Valley-based Madrone Capital Partners," an investment group funded by the Wal-Mart-founding Walton family, according to Tripp Mickle of SPORTSBUSINESS JOURNAL. The investment is "the second that Wasserman Media Group has taken since ...

Tags: Media, SEC, Wasserman Media Group, ING, ACC, GE, CES, GMAC, South America, Europe

09/12/14
Ecuador Execs Address Owed Payments

Related story Ecuadorian Footballers' Association Announces Strike Directors of Ecuadorian football clubs, "overwhelmed by a profound economic crisis affecting most of the clubs in the first division," are "seeking an audience" with Ecuador President Rafael Correa, according to the AP. Club ...

Tags: International Football, South America

09/08/14
Michelin Partners With CBF

Michelin "has become the latest company to sponsor" Brazil’s national football team, according to SOCCEREX. The new five-year deal "sees Michelin join 14 other companies in supporting the five-time world champions." While no financial terms were released, "it is the first time Michelin has inv ...

Tags: Marketing and Sponsorship, Brazil

09/05/14
Rio Olympic Golf Course In Turmoil

Rio de Janeiro's Olympic golf course "faces an uncertain future after a court proposed Wednesday that the under-construction layout should be modified to meet environmental concerns," according to the AP. Judge Eduardo Klausner, hearing a lawsuit brought against the city of Rio de Janeiro and the co ...

Tags: Olympics, Brazil

09/05/14
Rio Officials Unveil Water Clean-Up Project

Rio de Janeiro officials "unveiled a new sanitation project that aims to eliminate the stain of raw sewage defiling the waters of Rio de Janeiro’s Gloria Marina, where the 2016 Olympic sailing events are to be held," according to the AP. Under the agreement, Rio’s state government "is bu ...

Tags: Olympics, Brazil

08/26/14
Tennis Player Accused Of Tax Evasion

Argentina's Federal Court is investigating tennis player Juan Martín del Potro, according to DYN. He is "accused of tax evasion," with it "calculated that he defrauded Argentine authorities" of more than 1M Argentine pesos related to earnings from '10. Judicial sources indicated that "charges ...

Tags: Finance, South America

08/25/14
World Cup Success Fuels Hope For Rio '16

During the World Cup, more than 1 million int'l visitors "flocked to Brazil," according to Mimi Whitefield of the MIAMI HERALD. Now, the country "hopes to take some of the lessons it learned from organizing a successful World Cup as it barrels full-speed ahead in preparing for its next mega sporting ...

Tags: Olympics, Brazil

08/21/14
ESPN Int'l Renews PGA Tour Rights

The PGA Tour and ESPN Int'l announced Wednesday they have reached a five-year rights agreement to continue presenting coverage of PGA Tour events across all media in Latin America and the Caribbean. The rights extension provides ESPN Int'l with live media rights on its linear and digital platforms a ...

Tags: Media, South America

08/19/14
Chevrolet To Sponsor Brazil National Teams

Chevrolet is the new official sponsor of the Brazilian national football team. Chevrolet and the national team will debut the partnership in the friendly against Colombia in the U.S. on Sept. 5. The five-year contract will cover the 2016 Olympic Games and the 2018 FIFA World Cup. The sponsorship wil ...

Tags: Marketing and Sponsorship, Brazil

08/18/14
Rio's Olympic Golf Course 59% Complete

With 59% of construction now completed, grass at the Rio 2016 Olympic Golf Course in Barra da Tijuca has been sown on five of the 18 holes, with irrigation reaching more than two thirds of the course. Brazilian Olympic Committee Venue Management Planning GM Gustavo Nascimento said, "After this stage ...

Tags: Olympics, Brazil

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