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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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01/28/14
Japan's Faces Labor Shortage For Games

Japan’s barriers to foreign labor are "showing signs of cracking" as preparations for the 2020 Tokyo Olympics "threaten to exacerbate the worst shortage of construction workers in almost 20 years," according to Andy Sharp of BLOOMBERG. Chief Cabinet Secretary Yoshihide Suga said last week that ...

Tags: Olympics, Japan

01/28/14
Rio Games CEO Aims To Be Scandal-Free

Rio 2016 Olympic Organizing Committee CEO Sidney Levy said that the projected 30B reais ($12.5B) Games "are a chance to show that the country can run a major project without scandal," according to Tariq Panja of BLOOMBERG. Levy took over Rio’s organizing committee in January '13, and said that ...

Tags: Olympics, Brazil

01/28/14
Olympic Notes

The European Olympic Committees completed the restructuring of its digital platforms Monday, launching a new website (www.eurolympic.org/index.php/en/). The site includes an intranet facility where the 49 NOCs can download documents and carry out online accreditation for EOC meetings ( EOC ). ... Do ...

Tags: Olympics

01/27/14
Dash To Get Ready For Sochi Olympics

With 12 days to go until the Opening Ceremony of the Sochi Olymipcs, Russia "is rushing to put the finishing touches on what is arguably its biggest project since the Soviet era," according to Courtney Weaver of the FINANCIAL TIMES. To economists, Sochi "has become a metaphor for broader problems in ...

Tags: Olympics, Russia

01/27/14
2020 Organizing Committee Launched

The Japanese Olympic Committee and the Tokyo Metropolitan Government launched the organizing committee for the 2020 Olympics and Paralympics Friday with former PM Yoshiro Mori "as its head to start preparation in full swing," according to Masaaki Kameda of the JAPAN TIMES. JOC President Tsunekazu Ta ...

Tags: Olympics, Japan

01/24/14
Sochi Security Shows Terror Risk

Fans of downhill skiing "would be forgiven for thinking they had arrived at a military base" when showing up in Sochi for the Winter Olympics, according to Stepan Kravchenko of BLOOMBERG. Ticketholders "must walk under an array of cameras hooked up to face-recognition software before traversing the ...

Tags: Olympics, Russia

01/24/14
Rio Games Organizers: Budget At $2.91B

Brazil’s operating budget for the 2016 Rio Games has increased by 25% "above initial estimates" to about $2.91B (7B reais) as a result of "new sports and inflation," according to Tariq Panja of BLOOMBERG. The original spending plan was for 5.6B reais, "mostly funded through sponsorships and an ...

Tags: Olympics, Brazil

01/24/14
Olympic Notes

Since confirmation of the Jamaican bobsleigh team's participation "came on Monday," the Jamaicans are busy trying to raise an additional $80,000 to $100,000 "to fund their final preparations for Sochi." Jamaica Bobsleigh Federation General Secretary Dudley Stokes said that "financial woes may not ha ...

Tags: Olympics

01/23/14
Hoax Threats Fuel Sochi Security Fears

At least five European countries' Olympic committees and the U.S. received letters in Russian on Wednesday making a "terrorist threat" before the Sochi Games, but Olympic chiefs said they posed no danger, according to Marton Dunai of REUTERS. Despite the assurances, the letters to committees in Ita ...

Tags: Olympics, Russia

01/23/14
Olympic Notes

A string of prominent athletes and IOC President Thomas Bach "will carry the flame of the Sochi Winter Games in the final leg of the torch relay." The flame will be taken to the Black Sea resort by train Feb. 5 "and will spend three days touring the city before arriving at the opening ceremony." Fam ...

Tags: Olympics

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