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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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01/22/14
Sochi To Showcase More Than Sport

When Sochi greets athletes from all over the world for the Winter Olympics, "it will be showcasing much more than sport," according to Kathrin Hille of the FINANCIAL TIMES. Russia "wants to mark its return to the world stage not just as a cradle of culture and civilisation, but, critically for Presi ...

Tags: Olympics, Russia

01/22/14
Olympic Notes

The Jamaican bobsled team, in just under 24 hours, raised $68,967 for their trip to the Sochi Olympics "through online crowd-funding platforms." Jamaica bobsled team member Winston Watts noted that the team was in need of close to $120,000 "to bankroll its trip to Sochi, pointing to transportation a ...

Tags: Olympics

01/21/14
U.S. Studying Sochi Rescue Plans

In the face of concerns about possible attacks by militants during the Winter Olympics in Sochi, U.S. military and intelligence officials "have been studying contingency plans" for evacuating Americans from the Games in case of a crisis, according to Mark Hosenball of REUTERS. But a source familia ...

Tags: Olympics, Russia

01/21/14
Jamaica Bobsled Heading To Sochi

Jamaican bobsled pilot Winston Watts and the nation's Olympic Committee said Monday that "they are accepting an invitation to compete" in the Sochi Olympics, according to the AP. It is the first time the Jamaican bobsled team will compete in the Games since '02. Watts said Saturday that the team ha ...

Tags: Olympics, Russia

01/21/14
Nemtsov Report Questions Sochi Games

The Sochi Olympics "will be the most expensive in the history of the Olympics," according to Robertson & Masters of CNN. The $50B price tag is still "rising." But just what has it "been spent on?" Former Deputy PM Boris Nemtsov, a "fierce critic" of Russian President Vladimir Putin, has question ...

Tags: Olympics, Russia

01/21/14
Olympic Notes

Areas in the Philippines that were affected by Typhoon Yolanda "will not be the only ones that will benefit from the financial assistance" extended by the IOC. Philippine Olympic Committee President Jose Cojuangco said that it "will also look into places that were hit by natural calamities other tha ...

Tags: Olympics

01/20/14
Putin Denies Olympic Corruption

Russian President Vladimir Putin "denied that any large-scale corruption surrounded the Sochi Winter Olympics and challenged those with allegations of misconduct to come forward with proof," according to Thomas Grove of REUTERS. Western and Russian opposition critics have made allegations that "larg ...

Tags: Olympics, Russia

01/20/14
Stockholm Drops 2022 Olympics Bid

Stockholm Mayor Sten Nordin said that the city "is ditching its bid to host the 2022 Winter Olympics," adding that the news does not mean the capital will not host the event in the future, according to THE LOCAL. Nordin said, "This isn't a no to other Winter Olympics in the future." The project "had ...

Tags: Olympics, Europe

01/17/14
Chechen Who Threatened Sochi Dead

Chechnya's "Kremlin-backed strongman" said that "a rebel leader who has threatened to attack the Sochi Olympics is dead," according to the AP. Chechen leader Ramzan Kadyrov said Thursday on his Instagram that Doku Umarov, a Chechen warlord who urged his fighters to strike the Sochi Olympics, "has di ...

Tags: Olympics

01/17/14
Sochi Olympics Ticket Sales Slow

The Sochi Olympics are "starting to look as if many fans have decided to give them a miss," according to Carol Matlack of BLOOMBERG. Listings of tickets put up for resale on a “fan to fan” website have risen almost 50% over the past week, with more than 3,100 offers now posted. Most offe ...

Tags: Olympics, Russia

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