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Russian Oligarchs Footing Most Of Record $51B Bill For 2014 Sochi Olympics

05 / 21 / 13

The mountains of Sochi "are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump," according to Nataliya Vasilyeva of the AP. The nicknames used by locals and an army of construction workers "leave no doubt about who is paying for the 2014 Winter Games: Russia's business power...

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07/30/12
Coe Defends Cauldron's Placement

LOCOG Chair Sebastian Coe was forced to defend the decision to keep the Olympic cauldron "out of sight from hundreds of thousands of Olympic Park visitors," according to Philippe Naughton of the LONDON TIMES. The cauldron traditionally "burns above the stadium, clearly visible to all." However, its ...

Tags: Olympics, United Kingdom

07/30/12
Tokyo 2020 Announces Venue Details

Japanese officials and Olympic athletes announced details about the Olympic Stadium that Tokyo will have ready for the 2020 Summer Games. The Olympic Stadium in Tokyo will be extremely advanced – and, at the same time, will be on the same site as the stadium built for the '64 Summer Games. Jap ...

Tags: Olympics, Japan

07/30/12
Grant Program For Brazilian Athletes

Through the Athlete Grant Program, Brazil's Ministry of Sports has provided financial support for 111 of the 259 athletes in 32 sports at the London Games. The program also provides financial support for 156 of the 186 members of the Brazilian delegation at the Paralympic Games. The Athlete Grant Pr ...

Tags: Olympics, Brazil

07/30/12
Olympics Notes

REUTERS' Karolos Grohmann reported that LOCOG Chair Sebastian Coe said that "the Olympic flame and cauldron is not a tourist attraction," defending a decision to keep it out of sight of thousands of Olympic Park visitors. Lit at the Opening Ceremony on Friday, the cauldron "will not burn above the s ...

Tags: Olympics

07/27/12
SBJ/SBD Global Olympic Blog

SportsBusiness Journal/SportsBusiness Daily has launched a free website exclusively geared to the Summer Games that will feature news, video, blogs and much more from London. See the site today for the following news: Catching Up With: Kevin Newell, McDonald¹s global chief brand officer ...

Tags: Olympics

07/27/12
Blair Says Games Good For London

Former British Prime Minister Tony Blair Wednesday “defended his decision to deliver the games to London,” maintaining that the event “will be value for money as austerity hits other public projects,” according to Rob Harris of the AP. Blair helped deliver the Olympics, landi ...

Tags: Olympics, United Kingdom

07/27/12
Cameron Steps In On Flag Row

U.K. Prime Minister David Cameron joined IOC President Jacques Rogge and LOCOG CEO Paul Deighton "in a scramble to placate North Korea after the country's women's football team stormed off the pitch before their opening match when screens wrongly showed the South Korean flag," according to Esth ...

Tags: Olympics, United Kingdom, Asia

07/27/12
Rehearsal Footage Cut From YouTube

Rehearsal footage of the Olympic Opening Ceremony was removed from YouTube on Thursday as organisers "stepped up efforts to keep details of Friday's eagerly awaited curtain-raiser under wraps," according to David Mercer of the PA. Some spectators published video online of Thursday night's sneak prev ...

Tags: Olympics, United Kingdom

07/27/12
High Ratings For Olympic Opener

Team GB's women's football win in the first event of the London Games on Wednesday peaked with 2.5 million viewers on BBC1, according to John Plunkett of the London GUARDIAN. It did take "a bit of time for the audience to build up," beginning with 1.3 million viewers at kick-off and ending with 2.5 ...

Tags: Olympics, Europe

07/27/12
German Athletes Not Social Media Savvy

The German Olympic team has a "lot of catching-up to do in regards of social media usage," according to the DPA. Only 42% percent of the 392 German athletes have an official website, a small number of 30.2% have a Facebook page, and with 18.2% even fewer use Twitter as a marketing and communications ...

Tags: Europe, Olympics

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