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U.S. Investment Company NeXovation Confident In Complaint Over Nürburgring Sale

04 / 16 / 14

U.S. investment company NeXovation is confident in the complaint it filed with the European Commission over the sale of the Nürburgring racetrack. The company revealed on Friday that it has filed a complaint regarding the sale process of the historic racetrack. NeXovation claims that its bid fo...

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Tags: Facilities, Europe

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01/07/14
China Sports Venues Underfunded

A report by China's General Administration of Sport revealed that the country's major sports venues "are experiencing difficulty in their management, with several of them lacking the budget for their operation," according to the WANT CHINA TIMES. Academics "are also pessimistic that the report is li ...

Tags: Facilities, China

01/06/14
Ground Concern For Scottish Rugby

Officials from Pro12 club Glasgow Warriors "are to hold talks with the owners of their Scotstoun stadium ground this week as concern grows about the condition of Scotland’s two main rugby pitches," according to Alan Campbell of the SUNDAY TIMES. The 1872 Cup match between Glasgow and Edinburgh ...

Tags: Facilities, United Kingdom

01/03/14
Spartak Moscow Stadium To Cost $426M

Russian billionaire Leonid Fedun announced that the new stadium currently being built for Spartak Moscow "will cost" 14B rubles ($426M), according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Fedun told ITAR-TASS that Spartak "is already receiving funds for the investment from its sponsor, Russia ...

Tags: Facilities

12/31/13
Atlético Expects Lucrative New Stadium

La Liga Atlético Madrid's execs "have long been working on everything related to the team's new stadium," the Estadio La Peineta, which it will move into in '15, according to AS. The various "aspects include improved technology -- the club is working to make the new stadium offer the most adv ...

Tags: Facilities, Europe

12/31/13
Tokyo Stadium To House '64 Cauldron

A new national stadium to be constructed for the 2020 Summer Olympics and Paralympics "will house the Olympic cauldron which was used for the 1964 Tokyo Olympics," according to Maan Pamintuan of the JAPAN DAILY PRESS. A plate bearing the names of Gold Medalists at the Games "will also be kept there ...

Tags: Facilities, Japan

12/30/13
J.League Club Waits For New Stadium

J.League club Gamba Osaka "will move into a brand-new stadium as early as 2016," according to Kaz Nagatsuka of the JAPAN TIMES. The club's new stadium "will be built in an unprecedented way." In '10, the club "launched a fundraising organization and the project kicked off in earnest." As of Thursday ...

Tags: Facilities, Japan

12/30/13
Brazil's Mane Garrincha's Roof Leaking

The operators of Brasilia's Mane Garrincha stadium said on Tuesday that the stadium, the "most expensive" of the 12 "built or revamped for the 2014 World Cup," has a leaking roof "less than eight months after it was finished," according to Andrew Downie of REUTERS. Secopa, "the local government agen ...

Tags: Facilities, Brazil

12/23/13
Singapore Sports Hub Creating Buzz

The $1.33B Singapore Sports Hub is creating a buzz in the country, "even among those not too keen on sport," according to THE NEW PAPER. World Sports Group Senior VP of Stadiums & Arenas Adrian Staiti and WSG CEO Andrew Georgiou "reiterated their belief that the Sports Hub will be a game-changer ...

Tags: Facilities, Asia

12/20/13
Amazonia Arena Construction To Resume

A Brazilian judge "gave the green light to restart work on the roof of the Amazonia Arena Wednesday, four days after construction ground to a halt when a worker fell to his death," according to Andrew Downie of REUTERS. Authorities said that they were "satisfied that builders Andrade Gutierrez ...

Tags: Facilities, Brazil

12/20/13
Olympic Stadium Could Be Shared

EPL West Ham "may yet be forced to share the Olympic Stadium with Leyton Orient" after Leyton Chair Barry Hearn "was given permission to use the venue by legacy chiefs," according to Ben Rumsby of the London TELEGRAPH. The London Legacy Development Corp. confirmed it "had no objection to Orient chai ...

Tags: Facilities, United Kingdom

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