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La Liga Champion Atlético Madrid Cuts Debt By $115M Since Beginning Of The Year

Published in SportsBusiness Daily Global on 09 / 22 / 14

La Liga side Atlético Madrid has been "battling a long-standing debt issue in the midst of their success," according to INSIDE SPANISH FOOTBALL. The club has been running debts of around €200M ($257M) over the last five years, but from Oct.1, "this figure will be settled" to around &euro...

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01/15/14
Russians Urged To Help Prevent Attacks

Less than a month before the start of the 2014 Sochi Winter Olympic, Russian investigators "appealed to civilians on Tuesday to be more vigilant and help avert the threat of 'terrorist' attacks," according to Gabriela Baczynska of REUTERS. Vladimir Markin, who is a spokesperson for Russia's national ...

Tags: Olympics, Russia

01/14/14
Mori To Chair Tokyo Olympic Committee

Former Japan PM Yoshiro Mori "has agreed to serve as chairman" of the organizing committee for the 2020 Tokyo Olympics, according to the AP. Education and Sports Minister Hakubun Shimomura, who doubles as minister in charge of the Olympics, "asked Mori to take the post." Mori, 76, "agreed readily." ...

Tags: Olympics, Japan

01/14/14
Olympic Host Predicts 'Blanket Of Snow'

Russian weather agency Roshydromet Dir Roman Vilfand predicted on Monday that the upcoming Olympics "will have enough snow," according to R-SPORT. Vilfand "sought to end any concerns about snow shortages by insisting that there would be a suitably wintry setting" for the event. Vilfand: "There's sno ...

Tags: Olympics, Russia

01/14/14
Olympic Notes

Sweden's sports minister said that she "will snub the Opening Ceremony at the Sochi Olympics for political reasons." Lena Adelsohn Liljeroth said that "human rights are important and her decision to skip the Feb. 7 ceremony should be seen as a 'political marker.'" Liljeroth said that she "will atten ...

Tags: Olympics

01/13/14
IOC Member Criticizes Russia

An IOC member "has criticized Russia's handling of the Sochi Winter Olympics," according to the MOSCOW TIMES. Int'l Ski Federation President and Swiss IOC member Gian-Franco Kasper said that preparations "have been marred by rampant corruption and about one-third of the funds allocated to prepare fo ...

Tags: Olympics, Russia

01/10/14
Regions Near Sochi Placed On Alert

Russia "began a counter-terrorism operation in a southern province that borders the Krasnodar region," where the Sochi Olympics will be held next month, "after six bodies were found in abandoned cars," according to Stepan Kravchenko of BLOOMBERG. The local government said in a website statement that ...

Tags: Olympics, Russia

01/10/14
Olympic Notes

In a move echoing back to Tsarist Russia, more than 400 Cossacks "arrived in the Winter Olympic host city of Sochi on Thursday to help policemen during next month's Games." A Kuban Cossack Brigade spokesperson said that the cossacks "will accompany police patrols in full traditional uniform." The sp ...

Tags: Olympics

01/09/14
Games Should Be Awarded To Countries

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Tags: Olympics, Europe

01/09/14
IOC Chief To Meet With Brazil President

IOC President Thomas Bach will meet in two weeks with Brazilian President Dilma Rousseff and organizers of Rio's 2016 Olympics "to remind them there is no time to waste as they prepare for South America's first Games," according to the AFP. Rio organizers said on Tuesday that "Bach would meet Rouss ...

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01/09/14
Vancouver Benefiting From $7B Olympics

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