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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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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

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

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