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Rio 2016 Olympic Games Organizers 'Extremely Concerned' Over Sick Sailor

Published in SportsBusiness Daily Global on 08 / 31 / 15

Organizers of the Rio de Janeiro 2016 Olympics said on Saturday they were "extremely concerned" after German sailor Erik Heil fell ill following his third place at the test event there, according to Karolos Grohmann of REUTERS. Heil, who is being treated in a Berlin hospital for several infections, ...

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Tags: Olympics, Brazil

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07/24/15
Scrapped Stadium To Cost Japan $47M

Officials and media said that Japan is "on the hook" to pay as much as 5.9B yen ($47M) "for its scrapped Olympic stadium even though not a single brick has been laid," according to the AFP. The revelation came days after Japan PM Shinzo Abe said the country was going "back to the drawing board" amid ...

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07/24/15
Olympic Notes

South Korea's two largest automakers "signed on as sponsors for its first Winter Olympic Games on Thursday." The organizing committee for the 2018 PyeongChang Winter Olympics said that Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. "will provide some 4,100 official vehicles and cash to ...

Tags: Olympics

07/23/15
Rio Olympic Village 85% Finished

Construction consortium Ilha Pura said that the construction of the Rio 2016 Olympic and Paralympic village is 85% "complete and due to be concluded by end of the year," according to XINHUA. The village "is being constructed next to Barra Olympic Park, which is located in the southwest of Rio and wi ...

Tags: Olympics, Brazil

07/23/15
Tokyo '20 Head: IOC To Welcome Stadium

Tokyo Organizing Committee President Yoshiro Mori said that the IOC "may well welcome Japan's decision to scrap and completely revise plans for its controversial National Stadium since the move will save money," according to Elaine Lies of REUTERS. Japanese PM Shinzo Abe said last week that "he had ...

Tags: Olympics, Japan

07/22/15
Timeline Laid Out For Tokyo Stadium

Japan PM Shinzo Abe's government "set out Tuesday how it will tackle building the new National Stadium after scrapping plans widely derided as extravagant and costly," according to KYODO. Japan Education & Sports Minister Hakubun Shimomura said that construction "will start on the new centerpiec ...

Tags: Olympics, Japan

07/20/15
PGA Tour Urged To Comply With WADA

IOC President Thomas Bach "urged the PGA Tour to fully comply" with the World Anti-Doping Agency code before golf’s return to the Olympics next year , according to James Riach of the London GUARDIAN. The PGA Tour, which runs the professional game in America, has its own anti-doping program "b ...

Tags: Olympics

07/20/15
Abe Pulls Plug On Olympic Stadium Plan

To reduce the estimated construction cost of 252B yen ($2B) and ease growing criticism, Japan PM Shinzo Abe said Friday that "the new National Stadium to be built for the 2020 Tokyo Olympics will be redesigned from scratch," according to Reiji Yoshida of the JAPAN TIMES. Abe said, "I’ve decide ...

Tags: Olympics, Japan

07/17/15
Tokyo Stadium Could Be World's Costliest

When the "dust settles on the marquee venue" for the 2020 Summer Olympics in Tokyo, it could "well be the most expensive sports stadium in the world," according to the AP. The latest cost estimate of 252B yen ($2B) would "push it beyond the current record-holder," the $1.6B MetLife stadium completed ...

Tags: Asia, Olympics

07/16/15
IOC To Generate Record TV Revenue

The IOC "has already generated as much from the sale of broadcasting rights" for Games in the next Olympic quadrennium, from '17-20, as the $4.1B sum it will receive from this, the movement’s "largest revenue source during the present Olympic cycle culminating with Rio 2016," according to Davi ...

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07/15/15
Experts Say Snow 'No Problem' For Beijing

Ski industry experts said that snow "won't be a problem for Beijing and co-bidder Zhangjiakou if they are awarded the right to host the 2022 Winter Olympics," according to XINHUA. Lack of natural snow was "considered as a challenge for the Beijing 2022 bid." But experts said that "the climate condit ...

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