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Chinese Property Developer Wanda Group Eyes 30% Stake Of Serie A Club AC Milan

Published in SportsBusiness Daily Global on 02 / 27 / 15

China's biggest property developer is "expanding sports empire in Europe," according to Emma Glez of CHINA DAILY. Dalian Wanda Group is interested in purchasing a 30% stake of Serie A side AC Milan, as the company "continues its shopping spree to build a sports empire in Europe." Wanda, which contro...

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Tags: Franchises, Europe, China

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Valcke: 'We Are Not Ready' For World Cup

FIFA Secretary General Jerome Valcke has again raised concerns over Brazil's World Cup preparations, saying "we are not ready" and that the stadium for the opening game is one of two venues that worry him most, according to the AP. Valcke said that the stadiums in Sao Paulo, where the opening g ...

Tags: International Football, Brazil

Independiente Agreement In Jeopardy

Argentine second division side Independiente's "negotiations with the opposition are constant," according to Nahuel Lanzillota of CLARIN. The arrangement, "however, could fall through because both parties are insisting on imposing their own election dates." The differences between Independiente Pres ...

Tags: Franchises, South America

Uruguayan FA Board Resigns

On Monday, a "storm seemed to be unleashed with all its fury" on the Uruguayan FA (AUF), as AUF President Sebastián Bauzá and the other four leaders of the exec board resigned after Uruguay President José Mujica decided last Thursday " to withdraw the police presence " from two ...

Tags: International Football, South America

World Cup To Give 'Short-Lived' Boost

Moody’s Investors Service reported that Brazil will get a “short-lived” benefit from hosting the World Cup this year, according to Tariq Panja of BLOOMBERG. South America’s largest country "is racing to finish several delayed infrastructure projects" for the June 12 start of ...

Tags: Finance, Brazil

Uruguayan Football Match Suspended

The Executive Table of the Uruguayan first division, the body responsible for choosing match venues, "on Sunday reached a majority decision to suspend a match between Miramar Misiones and Peñarol," according to EL OBSERVADOR. Executive Table President Carlos Andrealo said, "We have made this ...

Tags: International Football, South America

Boca-River Plate Attracts Global Media

Sunday's Argentine first division Superclásico between Boca Juniors and River Plate attracted 153 media outlets from 15 countries. Boca Juniors "announced before the match that it expected its La Bombonera stadium to be completely full." Sunday's game marked the teams' 202nd meeting. The 153 ...

Tags: Media, South America

Worries Over Rio Olympic Golf Course

Construction work on the Olympic golf course for the 2016 Rio Games "is behind schedule and a planned test event may not be possible," according to Martyn Herman of REUTERS. Int'l Golf Federation President and Royal & Ancient CEO Peter Dawson said that "while he was impressed with the proposed c ...

Tags: Olympics, Brazil

Violence Plagues World Cup Host

Tensions "are running high" in Rio de Janeiro, according to Samantha Pearson of the FINANCIAL TIMES. Last week "the captain of the favelas’ new so-called pacification police unit, the UPP, was shot" -- the latest in a wave of attacks against police that comes less than 80 days before hundreds ...

Tags: Events and Attractions, South America

River Plate To Create Trust To Address Debt

Argentine first division side River Plate Treasurer Andrés Ballotta said of River's economic situation when he joined the club, "They papered the country with checks," according to OLE. River's execs "had to look for various ways to address its debts because of this." As well as "generating n ...

Tags: Finance, South America

Dakar Rally Announces New Route For 2015

The Dakar Rally announced that next year's edition will start on Jan. 3 at the Plaza de Mayo square in Buenos Aires and the looped route will end in the same city on Jan. 17, according to LOS ANDES. Dakar Rally Dir Etienne Lavigne said that the race's seventh South American edition will pass through ...

Tags: Events and Attractions, South America

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