Featured Story

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...

Read More

Tags: Franchises, Europe, China

More Stories

12/15/14
Brazil Bank Stops Volleyball Payments

A report by Brazil's anti-corruption body found that companies controlled by "relatives of the former president of Brazil’s volleyball federation as well as current and former administrators" misappropriated $11.3M in sponsorship income, according to Panja & Batista of BLOOMBERG. State-con ...

Tags: Finance, Brazil

12/12/14
Fluminense Faces Talent Exodus

Brasileiro club Fluminense "will have to fill a funding gap to keep players, including league top scorer Fred," after its sponsor of 15 years said it will not renew its contract, according to Tariq Panja of BLOOMBERG. Pedro Daniel, an economist who analyzes the country’s football industry for ...

Tags: Marketing and Sponsorship, Brazil

12/11/14
NBA To Partner With Brazil's LNB

The NBA and Brazil’s Liga Nacional de Basquete (LNB) announced a multi-year partnership in an effort to continue to grow the game of basketball in Brazil. The collaboration between the NBA and the LNB is one of the first of its kind among sports leagues. With a long-term goal of increasing bas ...

Tags: Leagues and Governing Bodies, South America

12/11/14
Brazilian Football In Financial Crisis

The life of the average Brazilian player, even at the top level, "is far from easy," according to James Young of SOCCER GODS. The financial crisis in the game "is so great, debt-ridden clubs are going cap in hand to the government to restructure their massive outstanding tax bills." The country&rsqu ...

Tags: International Football, Brazil

12/10/14
Rio Olympic Committee Faces Accusations

Rio de Janeiro Olympics organizers were accused by Brazil's federal accounts court of "withholding financial information in the buildup to the 2016 Games, the first to be held in South America," according to Tariq Panja of BLOOMBERG. Expenditure is being scrutinized after "spending on stadiums" used ...

Tags: Olympics, Brazil

12/10/14
Argentina To Hold Largest Football League

The Argentine first division has completed the final matchday of the season -- except for the the finals -- and is now "awaiting the start of the '15 season," according to Juan Castro of MARCA. It "will be first tournament in recent history with 30 teams, something unusual across the planet." Former ...

Tags: International Football, South America

12/09/14
Rio 2016 Swimming Plans Under Fire

England national swimming team head coach Jon Rudd, joining a "growing campaign" opposing the plan, said that plans to hold "late night swimming finals" at the 2016 Rio de Janeiro Olympics are "outrageous," according to Sam Holden of REUTERS. A final competition schedule has "yet to be officially ap ...

Tags: Olympics, Brazil

12/08/14
Report: Brazil Stadiums 50% Over Budget

"They went for Pharaonic projects and we got left with white elephants." -- Finance consultant Amir Somoggi An “as yet unpublished report from Brazil's Federal Accounts Court” said that the 12 stadiums used in this year's World Cup cost 50% “more than planned and only six ...

Tags: Facilities, South America

12/08/14
River Plate's Success Paying Off

Argentine first division side River Plate's "athletic success has created a furor for the club's funds," according to Daniel Avellaneda of CLARIN. For the Superclásico against Boca alone, fans spent 20M Argentine pesos ($2.3M) on tickets -- "a mark for the Guinness world record book." And the ...

Tags: Finance, South America

12/08/14
Colombia's Bavaria To Sponsor Dimayor

Colombian brewery Bavaria's Águila brand signed a five-year sponsorship deal with Colombia's professional football league, according to Javier Arana of PORTAFOLIO. The "magic sum" that Bavaria "put on the table was worth a little more than" $40M. This sum "doubles the amount previous sponsor ...

Tags: Marketing and Sponsorship, South America

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug