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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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11/08/13
Argentine Side All Boys Back To Work

Argentine first division side All Boys players decided on Wednesday morning not to "participate in practice due to the club owing players payments from August, September and October," according to CLARIN. The "delay in payment ranged from three to six months, depending on when players joined the clu ...

Tags: Franchises, South America

11/07/13
Rio Olympics Aim For Record Sponsorship

With public money for the 2016 Rio Olympics "getting tougher to find," Brazilian organizers are "scrambling to raise record amounts of local sponsorship revenue to cover any budget shortfall and avoid a government handout," according to Stephen Wade of the AP. Rio Olympics CCO Renato Ciuchini said t ...

Tags: Marketing and Sponsorship, Brazil

11/06/13
Soccereex Conference In Brazil Called Off

Fears about disruption to the 2014 World Cup "have been raised after the key global football conference Soccerex was cancelled because of continuing civil unrest," according to the BBC. It "was due to start" in just three weeks time at the Macarana stadium in Rio de Janeiro. The organizers and Rio's ...

Tags: International Football, Brazil

11/06/13
FIFA Distributes 889,000 World Cup Tickets

A total of 889,305 tickets for the 2014 FIFA World Cup were allocated to people from 188 countries during the random selection draw for the first phase of ticket sales. Brazilian residents purchased 71.5% of the tickets, while 28.5% went to fans from other countries. Out of all tickets made availabl ...

Tags: Brazil, International Football

11/01/13
Argentine Money Laundering Case Closed

An Argentine court has called off an "investigation into money laundering in player trades in Argentine football," according to Andrés Morando of OLE. Football can "now breathe again." The investigation "had a shocking title: money laundering in football." It involved "trades of more than 30 ...

Tags: South America, Finance

10/30/13
Brazil Opposes EPL-Style Structure

The government official overseeing football said that Brazil’s plans to reform the sport "after decades of mismanagement won’t include an English Premier League-style model because it would weaken the national team," according to Tariq Panja of BLOOMBERG. Lawmakers, club p ...

Tags: International Football, Brazil

10/30/13
Brazil's Rebelo Not Expecting WC Protests

Brazil Sports Minister Aldo Rebelo on Monday said he does not believe "there will be protests during the 2014 World Cup," according to LA AFICION. Rebelo assured that "the majority of stadium construction will be completed on time, although a minority will be ready in the months to come." Regarding ...

Tags: Brazil, Events and Attractions

10/27/13
Brazil Football Clubs Net Record Sales

Brazil's economy "may be facing a slowdown but there is one business in Latin America’s largest economy that is reporting record growth rates: football," according to Joe Leahy of the FINANCIAL TIMES. A study by Itaú BBA bank indicated that the revenues of Brazil’s top 24 teams gr ...

Tags: Finance, Brazil

10/25/13
Boca Juniors Fans Rated World's Best

French football magazine So Foot "ranked the atmosphere at home games of Argentine first division side Boca Juniors as the best in the world," according to CLARIN. Boca's top ranking "was based on a So Foot editor's personal experience at Boca Juniors games, where he saw fans' fervor and the at ...

Tags: International Football, South America

10/25/13
Brazilian Prosecutors Sue FIFA

Brazilian prosecutors are "suing FIFA for reimbursement of public funds spent on temporary structures in stadiums that will host next year’s World Cup," according to the AP. Prosecutors’ offices in five Brazilian states said in statements posted on their web pages that "they're seeking r ...

Tags: International Football, Brazil

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