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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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07/19/13
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 ...

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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

07/17/13
Russia Issues Search Warrant For Official

The Russian Interior Ministry said that it is preparing a search warrant for the former deputy head of a construction company "suspected in funds embezzlement during works on Winter Olympics venues in Sochi," according to XINHUA. The ministry's press service said, "The ministry's Investigative Depar ...

Tags: Olympics, Russia

07/17/13
Greece To Pay $53M For Olympics Security

Greece will have to pay the U.S.-based company that supplied it with a security system for the 2004 Athens Olympics €40M ($52.6M) after losing an arbitration process, according to EKATHIMERINI. The Int'l Chamber of Commerce issued a judgment "that rejected Greece’s claim it never official ...

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07/17/13
Madrid 2020 Bid Plans Representation

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07/12/13
Turkish Officials: Doping Battle Beneficial

Turkey's Olympic committee insists "a spate of doping busts in the country will help rather than hinder their chances of hosting the 2020 Games," according to the AAP. Turkey Olympic Committee Head Ugur Erdener said, "The increase in the number of doping cases ... shows that Turkey is fighting dopin ...

Tags: Olympics, Middle East

07/12/13
IOC: Benefits Must Be Explained To Brazil

IOC President Jacques Rogge said on Wednesday that the IOC must make an effort to "explain the benefits" of hosting the 2016 Olympics to skeptical Brazilians, according to Brian Homewood of REUTERS. Brazil "was rocked by a wave of protests" last month, and among the protesters' many grievances "was ...

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07/12/13
Russian Proposal To Ban Foreign Help

Russia’s Federation Council has drafted a law that will prohibit foreign nationals from working at large-scale int'l events in Russia, according to RAPSI. Kurgan Region Upper House member Sergei Lisovsky "believes only Russian nationals should be allowed to work at large competitions," with fo ...

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07/11/13
IOC's Casado Comments On Madrid 2020

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