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Formula One Racetrack In Turkey To Become Used Car Dealership

Published in SportsBusiness Daily Global on 08 / 31 / 15

A report in the Sözcü daily revealed that Istanbul Park , built at a cost of $290M in '05 to hold races that "sputtered to a halt" in '11 due to a lack of interest, "is to become a used car dealership," according to TODAY'S ZAMAN. The park, "built with great fanfare and millions of dollar...

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Tags: Facilities, Europe, Asia

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West Ham To Bank 100% Of Revenue

The U.K. government and London Legacy Development Corp. agreed to allow EPL side West Ham to "bank all of the revenues from executive boxes and corporate hospitality under the terms of the 99-year lease they were awarded to move into Olympic Stadium" -- at a cost of "millions of pounds a year" to th ...

Tags: Facilities, United Kingdom

Volgograd Stadium To Be Completed In '17

Local government officials said that Volgograd's new football stadium for the 2018 World Cup in Russia, being built on the site of the old Central Stadium, "will be completed in November 2017," according to Paul Nicholson of INSIDE WORLD FOOTBALL. A government contract "has already been signed" for ...

Tags: Facilities, Russia

HKPL Rangers Not Leaving Home Ground

Hong Kong Premier League side BC Rangers "would not consider moving away" from its new home ground at Kowloon Bay Park "despite calls for abandoning the artificial turf," the only one of its kind being used for the new HKPL, according to Chan Kin-wa of the SOUTH CHINA MORNING POST. Rangers Dir Phili ...

Tags: Asia, Facilities

Milan's Stadium Plans Take Step Forward

AC Milan "could be playing in a new 42,000-seater stadium" by '20 after plans to leave the San Siro "reportedly moved a step closer to becoming reality," according to Ben Gladwell of ESPN. La Gazzetta dello Sport said that "former trade fair grounds had been identified as a suitable site and an offe ...

Tags: Facilities, Europe

MTK Picks New $26 Million Stadium Design

A jury composed of members of the Hungarian architects' association Magyar Epiteszek Hazaban has "picked the winning design for the planned new stadium for Budapest-based side MTK," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. The project "is estimated" to cost about HUF 6.5B ($26M). Th ...

Tags: Facilities, Europe

Woods To Design New Dubai Golf Course

Tiger Woods "plans to take another swing at golf course development in Dubai after his first drive ended in the bunker," according to Sean Cronin of THE NATIONAL. Woods "will design the new 18-hole championship golf course in Dubai to be built by Damac Properties and operated by The Trump Organisati ...

Tags: Facilities, Middle East

Diablos Rojos Choose Designer

Related story: Mexican Baseball League Club Diablos Rojos Announce Plan For $60M Stadium Mexican Baseball League (LMB) club Diablos Rojos' new 13,000-capacity stadium, scheduled to open in '17, will be designed by Alonso de Garay and JAHN Chief Designer Francisco Gonzalez-Puli ...

Tags: Facilities, North America

Lagardère To Take Over Friends Arena

Lagardère Unlimited will take over operation of Friends Arena as part of an agreement that will extend over more than 10 years. The agreement was announced by the owners of Friends Arena: the Swedish FA, Peab, Fabege, the City of Solna and Jernhusen, together with Lagardère Unlimited, ...

Tags: Facilities, Europe

Man City Opens New Academy

The British government pledged £50M ($78.3M) to "improve grass roots football facilities across the country" when Chancellor George Osborne opened Man City's new City Football Academy on Monday, according to Mike Collett of REUTERS. Speaking at the "stunning complex in east Manchester, Osborne ...

Tags: Facilities, United Kingdom

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

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