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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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07/24/13
Wales: Olympic Legacy Under Threat

Sport Wales Chair Laura McAllister said that "the country's Olympic legacy is under threat because of budget cuts," according to Gareth Lewis of the BBC. McAllister said that "looming cuts by local authorities put participation in sport at risk." In June, the Welsh Local Government A ...

Tags: Olympics, United Kingdom

07/24/13
Olympic Notes

Members of the Madrid 2020 Olympic bid are planning to visit Asia this week to try to close five votes. Three votes come from China, plus one from Hong Kong and another from Taiwan, which is under Chinese rule but is partially recognized as independent. China is "one of the last corners Madrid has n ...

Tags: Olympics

07/23/13
European Businesses Support Madrid 2020

The Organization of European Capital Cities (OPCE) has approved an institutional declaration of support for the Madrid 2020 Olympic bid, according to the EFE. In the declaration, "the businesses of European capitals said that Madrid hosting the Games would mean a spark not only for the economy in Ma ...

Tags: Olympics, Europe

07/23/13
Olympic Execs Got $4M In Exit Payments

The financial reports of the Olympic Delivery Authority show 144 officials were paid a share of more than £2M ($3M) "ahead of the authority winding down in 2014," according to the BBC. Exit payments to staff on permanent contracts cost £2.8M ($4.3M) in '12-13. ODA CEO Dennis Hone was pai ...

Tags: Olympics, United Kingdom

07/22/13
Coe Wants 4-Year Ban For Drug Cheats

British Olympic Association Chair Sebastian Coe "wants the ban for athletes failing drugs tests to be increased from two to four years," according to Mike Collett of REUTERS. Coe said, "We have to go back from two years to four years. The move down to two did a lot of damage to my sport. It is for t ...

Tags: Olympics, United Kingdom

07/22/13
Report: Olympics Boosted U.K. Economy

U.K. Trade & Investment officials estimate that the London Olympics provided a £9.9B ($15B) "boost to business in the year since they were held," according to Thomas Penny of BLOOMBERG. The government’s trade-promotion agency said in a report that the benefit might rise to £41B ...

Tags: Olympics, United Kingdom

07/22/13
Blanco Pitching Madrid 2020 In Barcelona

Spanish Olympic Committee (COE) President Alejandro Blanco "is fighting to speak with IOC members in Barcelona" for the Int'l Swimming Federation's (FINA) World Championships, according to Matilla & Jiménez of AS. As of Sunday, four members of the IOC had visited this year's World Champio ...

Tags: Olympics, Europe

07/19/13
Olympics Deal Worth $15B To London

Ministers kicked off a series of events to mark the anniversary of the 2012 London Olympics "by claiming the U.K. economy has benefited" from £9.9B ($15B) in deals and investment linked to hosting the Games, according to Roger Blitz of the FINANCIAL TIMES. The figure is made up of £5.9B ...

Tags: Olympics

07/19/13
Kazan Mayor To Hold Opinion Poll On Olympics Bid

Mayor Ilsur Metshin of Kazan, the Russian city hosting the World University Games, "vowed Wednesday to hold a city-wide opinion poll on whether a bid should be made for the 2024 Olympics," according to R-SPORT. The idea was put forward by Russian Olympic Committee President Alexander Zhuko ...

Tags: Olympics, Russia

07/18/13
Madrid 2020 Could Generate 300K Jobs

The Madrid 2020 Olympic bid, the city's third consecutive attempt to host an Olympic Games, "has faced opposition from those that think the country's current economic crisis is not the best scenario for hosting the Games," according to Matilla & Jiménez of AS. Because of this, candidacy m ...

Tags: Olympics, Europe

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