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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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04/05/13
IOA: Sports Ministry Slowing Return

The Indian Olympic Association "has sought directions from its world parent body on how to resolve the country's ban from the Olympic movement after a crucial joint meeting was postponed for the second time in two months due to the stand-off between the IOA and the government," according to the PTI. ...

Tags: Olympics, India

04/04/13
IOA Postpones Scheduled IOC Meeting

The "continuing stand-off" between India's government and sports administrators over a controversial Sports Code resulted "in the postponement of a crucial joint meeting with the IOC, delaying India's re-entry into the Olympic movement," according to the PTI. The meeting, scheduled to be held at the ...

Tags: Olympics, India

04/03/13
Olympic Investors Complain About Cost

Some of the biggest investors in the 2014 Sochi Winter Olympics "are requesting financial help from the government to help ease the burden" from the Games' estimated $50B price tag, according to Thomas Grove of REUTERS. In a letter addressed to Deputy PM Dmitry Kozak, who is responsible for the 2014 ...

Tags: Olympics, Russia

04/02/13
Sochi To Test New Spectator Pass Plan

The Russian government on Friday "tiptoed away from the idea of forcing visitors to the Sochi Winter Olympics to register their personal details with authorities," according to R-SPORT. Sochi officials had previously said that "spectators might have to hand over their passport information and, poten ...

Tags: Olympics, Russia

04/02/13
SA Swimmers Have To Pay For Trip

South African swimmers, including Olympic Gold Medalist Chad le Clos, "will have to pay their own way to compete in the FINA World Championships in Barcelona later this year as their cash-strapped federation cannot fund their trip," according to Nick Said of REUTERS. The swimming federation lost its ...

Tags: Olympics, Europe

04/02/13
Olympic Notes

Georgia's participation in the 2014 Sochi Winter Olympics "was thrown into doubt on Monday when the country's deputy foreign minister insisted that a decision is yet to be made." Georgia "broke off diplomatic relations with Russia following the 2008 war over South Ossetia" ( R-SPORT, 4/1 ). ... ...

Tags: Olympics

04/02/13
Funding For Tokyo 2020 Bid At 70 Percent

Tokyo 2020 CEO Masato Mizuno has "revised his previous assessment of private funding for the city's budget" upward to about 70%, after stating last week that less than half of the 3.8B yen ($40 M) had been procured, according to KYODO. Tokyo's bid is expected to cost 7.5B yen ($80M), with 3.8B ...

Tags: Olympics, Japan

03/29/13
Polish, Slovak Leaders Back 2022 Bid

Poland and Slovakia backed a joint bid to host the 2022 Winter Olympics on Wednesday, "hoping to win the first Games for the two central European countries," according to Jan Lopatka of REUTERS. The countries' prime ministers announced the bid after meeting in the Slovak town of Poprad, at the foot ...

Tags: Olympics, Europe

03/29/13
Istanbul Bid Leaves Impression

The IOC's evaluation commission head said that Istanbul's presentation of its bid to host the 2020 Olympic Games left an "excellent impression," according to Daren Butler of REUTERS. Turkey's largest city, which is competing with Tokyo and Madrid for the 2020 Games, presented its candidacy to the IO ...

Tags: Europe, Olympics

03/29/13
Olympic Notes

The Olympic Park, "off limits to the public since the end of the London 2012 Games," is reopening for short visits. So far, 20,000 tickets have been sold to people wanting to see the site in Stratford, east London, "where Olympic and Paralympic medals were won and lost" ( BBC, 3/27 ). ... The Bang ...

Tags: Olympics

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