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SAP Co-Founder Dietmar Hopp To Become Majority Owner Of TSG Hoffenheim

Published in SportsBusiness Daily Global on 12 / 19 / 14

SAP co-Founder Dietmar Hopp "is expected to become the majority owner of Bundesliga side TSG Hoffenheim" in '15, according to the SID. The German Football League (DFL) on Thursday confirmed that Hopp "will be allowed to take over the majority ownership on July 1." Hopp is therefore avoiding the so-c...

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Tags: Franchises, Europe

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02/10/14
Sochi Games Open With A Spectacle

The Sochi Games opened with a spectacle of ballet, fireworks and references to greats of Russian culture from Tchaikovsky to Tolstoy. But the ceremony, as visually striking and creative as it was, couldn’t escape the long shadow of politics and controversy cast over these Olympics. The Sochi G ...

Tags: Olympics, Russia

02/10/14
Atos Renews Deal With IOC Through '20

Atos Origin, which has provided technology support for the Olympics for 25 years, extended its TOP sponsorship through '20. It is the second extension the IOC has announced since the Sochi Games began. It previously announced a renewal with Panasonic through '24. Atos has sponsored the IOC since '89 ...

Tags: Olympics, Russia

02/10/14
Russians Receive Support From China

The Russian hosts "received some badly-needed support from China," according to Kathrin Hille of the FINANCIAL TIMES. Beijing officals said, "The West’s relentless disparagement of the Sochi Olympics has been all too familiar [as Sochi] suffered identical political finger-pointing as Beijing d ...

Tags: Olympics, Russia

02/10/14
Russian Capitalists Supporting Home Team

Russia's "corporate focus on winter sports will be on display" at the Sochi Games, according to Courtney Weaver of the FINANCIAL TIMES. It "marks a departure from the Soviet days when the state controlled all aspects of sport and viewed the Olympics, in particular, as a vital cold war battleground." ...

Tags: Olympics, Russia

02/10/14
Tokyo 2020 Chief Faces Media Scrutiny

Tokyo 2020 Olympic Games Organizing Committee President and former Japan PM Yoshiro Mori "faced some tough questions from the international media at a news conference" in Sochi, according to Jack Gallagher of the JAPAN TIMES. One reporter "wanted to know why the 76-year-old Mori spoke in Japanese in ...

Tags: Olympics, Japan, Russia

02/10/14
Russian TV Fakes Olympic Rings In Flames

Russian state TV aired footage on Friday of "five floating snowflakes turning into the Olympic rings and bursting into pyrotechnics" at the Sochi Games Opening Ceremony, according to Nataliya Vasilyeva of the AP. Problem is, "that didn’t happen." The Opening Ceremony "hit a bump when only four ...

Tags: Olympics, Russia

02/10/14
Sochi Organizers Explain Empty Seats

The organizers of the Sochi Games said on Sunday they had sold 92% of the tickets available for the first day of main competition but "admitted thousands had not made it on time due to tight security," according to the AFP. The first day of medal competition on Saturday saw "reasonable crowds but so ...

Tags: Olympics, Russia

02/10/14
Olympic Notes

Chinese bid chiefs insisted Saturday that "they would present a compelling case to host the country's first ever Winter Games in 2022 even though it would be the third consecutive Olympics in east Asia." Five cities "are in the running to host the event in eight years' time" -- Almaty in Kazakhstan, ...

Tags: Olympics

02/07/14
Panasonic Extends TOP Deal Through '24

Panasonic extended its global Olympic sponsorship through '24, making it the first of the IOC's TOP sponsors to sign a deal beyond '20. Financial terms of the deal were not available. TOP deals are typically valued at more than $100M over four years, which would make Panasonic’s deal worth mor ...

Tags: Olympics

02/07/14
Russia Reassures Secure Winter Games

Russia said on Thursday that its Sochi Olympics "were as safe as any place in the West from militant attacks after Washington warned airports and some airlines that toothpaste tubes could be used to smuggle bomb-making materials onto a Russia-bound plane," according to Mike Collet-White of REUTERS. ...

Tags: Olympics, Russia

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