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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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09/26/13
Flooding, Mudslides Rattle Sochi

Russian authorities "declared a state of emergency in Sochi and evacuated a village because of flooding and mudslides" less than five months before the city hosts the Winter Olympics, according to Danilova & Shemetov of REUTERS. Knee-high puddles in the city center "caused long traffic jams afte ...

Tags: Olympics, Russia

09/26/13
Supervisor Says Bobsled Course Is Safe

As Sochi Winter Olympic constructors "put the final touches to the world’s longest bobsled track," its supervisor Vyacheslav Shavlev said that "it was 'one of the safest tracks in the world' with three uphill sections designed to slow competitors who build up a dangerous head of steam," accord ...

Tags: Olympics, Russia

09/26/13
Olympic Notes

The annual cost of an IOC president has shot through the $700,000 barrier. Former IOC President Jacques Rogge's residence expenses amounted to $751,000 in '11 and $709,000 in '12. Apart from these expenses, which cover room rent, living costs, residence taxes and insurance -- and add up to not ...

Tags: Olympics

09/25/13
Cost Of Madrid 2020 Estimated

The full budget for the Madrid 2020 Olympics bid "is due to be made public soon," according to Bruno García Gallo of EL PAÍS. Estimates from official accounts and reports, as well as explanations from members of the bid team, have been compiled to estimate "the direct costs of the capi ...

Tags: Olympics, Europe

09/24/13
Tokyo 2020 A Chance To Revive Economy

With the 2020 Summer Olympics and Paralympics headed to Tokyo, "many see the next seven years as a chance to revive the nation’s moribund economy," according to Kazuaki Nagata of the JAPAN TIMES. Expectations "are rising in a number of industries, not only construction, tourism and sporting go ...

Tags: Olympics, Japan

09/24/13
IOC To Raise Price Of Joining TOP

The IOC "plans to increase the price of sponsoring The Olympic Partner program, ending a decade-long period where official Olympic sponsorships averaged $25 million a year," according to Tripp Mickle of the SPORTSBUSINESS JOURNAL. IOC TV and Marketing Services Managing Dir Timo Lumme said that the p ...

Tags: Olympics

09/23/13
Singh: IOA Running Out Of Time

A top Indian Olympic official said that the suspended Indian Olympic Association "is running out of time to clean up its administration before next year's major sporting events," according to the AP. The IOA "was suspended in December last year for conducting elections declared illegal" by ...

Tags: Olympics, India

09/20/13
UK Agencies Take Lead After Tokyo Win

Tokyo’s winning bid for the 2020 Olympics "owes much to the work of the Havas consultancy Seven46 and Interpublic’s PR shop Weber Shandwick," according to MEDIA WEEK. Since the success of the 2012 London Games bid, U.K. agencies "have thrived as bid advisors for mega-sports events." Seve ...

Tags: Japan, United Kingdom, Olympics

09/20/13
Olympic Notes

The Russian Defense Ministry "has cancelled its previous order for two warships to head to Eastern Mediterranean." The Russian Navy said that "the two warships now are assigned a task to prepare for the security mission" during the 2014 Sochi Olympics ( XINHUA, 9/19 ). ... Japanese PM Shinzo Abe " ...

Tags: Olympics

09/19/13
Tokyo Could Be Hottest Games In Century

Olympic athletes "risk the hottest weather in more than a century at the 2020 Tokyo Games as high summer temperatures in Japan’s capital highlight concern about holding global sporting events under extreme conditions," according to Chris Cooper of BLOOMBERG. Tokyo "is set to host its second Ol ...

Tags: Olympics, Japan

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