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German Government Supports Hamburg's 2024 Olympics Bid With $33M

Published in SportsBusiness Daily Global on 05 / 22 / 15

The German government "will support Hamburg's bid for the 2024 Olympics" with €30M ($33.4M), according to Kathrin Hartmann of SPONSORs. The government will support the bid with a total of €30M between '15-17. The first €10M ($11.1M) will reportedly be provided this year. The additiona...

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Tags: Olympics, Europe

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Palmer Says Golf Future Tied To Olympics

Seven-time major winner Arnold Palmer said that golf's future "lies in the growth" of the int'l game and a return to the Olympics, according to Steve Keating of REUTERS. After 112 years, golf will return to the Olympic program at the 2016 Rio de Janeiro Games. Palmer said, "As the Olympics cast thei ...

Tags: Olympics, Europe

London Athletic Clubs Struggling To Find Funds, Sponsors

The Olympic triumphs of Gold Medalists Mo Farah, Jessica Ennis and other British stars "have inspired a new interest in athletics," according to Doward, Heap & Norton of the London GUARDIAN. Last year, "the number of athletes over the age of 11 affiliated to English clubs rose by almost 10,000, ...

Tags: Olympics, United Kingdom

Olympics Notes

The IOC delegation started its four-day visit in Istanbul on Saturday "after paying visits to other candidate cities Tokyo and Madrid." The group "will make visits to the sports facilities in Istanbul, including the 76,000-seat Ataturk Olympic Stadium, and the 52,000-seat Seyrantepe Stadium" ( XINH ...

Tags: Olympics

Madrid's 2020 Bid Expects Good Review

Madrid 2020 Olympics bid President Alejandro Blanco said he "expects the Spanish capital will receive the highest technical score" when the IOC Evaluation Commission publishes its reports on all three candidate cities, according to the AFP. Madrid received a higher score than Tokyo and Istanbul afte ...

Tags: Olympics, Europe

Madrid Games Worth Billions To Spain

Madrid Olympic bid organizers said that hosting the 2020 Olympic Games in Madrid would provide a €3.87B ($5B) boost to the Spanish economy and generate 83,000 full-time jobs, according to the AFP. On the second day of an inspection visit by the IOC's evaluation commission, Madrid bid committee ...

Tags: Europe, Olympics

Fans Must Be Educated About Paralympics

Russian Paralympic Committee head Mikhail Terentiev said Wednesday "the country’s sports fans must be educated to view next year’s Paralympics in Sochi as real sport rather than a 'charity drive,'" according to R-SPORT. Terentiev said that "spectators disturbed blind athletes by shouting ...

Tags: Olympics, Russia

Japan Committee Cuts Judo Funding

The Japanese Olympic Committee said Tuesday that it "has cut funding for the All Japan Judo Federation and ordered it to take preventive measures as punishment for coaches' abusive training of female judokas," according to the AP. The JOC also cancelled a $260,000 "annual subsidy for the federation ...

Tags: Olympics, Japan

Friend Of Putin Gets $7B In Sochi Deals

Russian businessman Arkady Rotenberg, the boyhood friend of Russian President Vladimir Putin, "already is collecting his winnings from what promises to be the most expensive Winter Olympics ever next year," according to Arkhipov & Meyer of BLOOMBERG. Rotenberg’s companies "have been a ...

Tags: Olympics, Russia

Putin: Visa-Free Travel For Athletes

Russian President Vladimir Putin called for "visa-free travel for athletes and sportspeople competing in an upcoming series of major sports events in Russia," according to R-SPORT. Russia is to host competitions including next year's Winter Olympics, the 2018 FIFA World Cup and August's world athlet ...

Tags: Olympics, Europe

Aussie Sports Could Lose Gov't Funding

Australia's seven best-funded Olympic sports "have been warned to improve the way they are run or effectively be heavily fined" by the government, according to Ron Reed of the HERALD SUN. The Australian Sports Commission told athletics, swimming, cycling, rowing, sailing, hockey and basketball that ...

Tags: Australia, Olympics

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