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Polish Football Side Stomil Olsztyn Lines Up New Investor To Save Club

Published in SportsBusiness Daily Global on 01 / 26 / 15

Polish football club Stomil Olsztyn "is close to bringing on board a new investor with the aim of putting club's finances into order and prevent the club going bankrupt," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. CEO Robert Kildanowicz: "There is an entity which wants to invest in St...

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10/29/14
Organizers: WC Boosted Support For Rio '16

Organizers said that local support for the Rio 2016 Olympics "has grown after the country hosted a successful" World Cup, according to Danielle Rossingh of BLOOMBERG. The world’s most-watched sports event "finished without any major hitches following months of public criticism about partially- ...

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10/29/14
UK Sport Could Reconsider Funding Policy

UK Sport could be ready to reconsider its "no compromise" approach to funding elite sport, according to Dan Roan of the BBC. The government agency "is to launch a public consultation for the first time to decide its future strategy." UK Sport invests £100M ($161M) of National Lottery and gover ...

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10/27/14
No Concerns Over Kosovo Recognition

IOC President Thomas Bach said that the IOC's provisional recognition of Kosovo "will not have political consequences despite Serbia lodging an official protest," according to Karolos Grohmann of REUTERS. The IOC on Wednesday "surprisingly announced its recognition of the Balkan region with full mem ...

Tags: Olympics, Europe

10/27/14
Indian Olympic Association Slams AIBA

Slamming the Amateur Int'l Boxing Association (AIBA)'s decision to "not only hand provisional suspension" to boxer Sarita Devi but also to India’s Asiad chef-de-mission Adille J. Sumariwalla, Indian Olympic Association Secretary General Rajeev Mehta has said that "the move is an insult to ...

Tags: Olympics, India

10/24/14
ISDS Lands $2.2B Security Deal For Rio '16

An Israeli company "has been selected to coordinate security for the 2016 Rio Olympics" in a deal worth $2.2B, according to HAARETZ. ISDS, a multinational security firm based in Nir Zvi, Israel, "will serve as a consultant and supply security systems." ISDS VP Ron Shafran said, "As seen in the media ...

Tags: Olympics, Brazil

10/24/14
Serbia Complains About Kosovo Recognition

The Serbian Olympic Committee "lodged a complaint" after the IOC paved the way for Kosovo to send its own team to the 2016 Games, according to Danielle Rossingh of BLOOMBERG. The IOC said that Kosovo "has 30 national sports federations and has been recognized as a country by 108 of the 193 United Na ...

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10/24/14
IOC President Promises Bidding Overhaul

IOC President Thomas Bach has promised to "overhaul the bidding process for the Games as part of a wide-ranging reform programme to be voted on in December," according to Owen Gibson of the London GUARDIAN. Bach said that the process would be made "cheaper and involve more cooperation with bidders." ...

Tags: Olympics

10/23/14
DOSB Doesn't Rule Out Winter Games Bid

German Olympic Sports Association (DOSB) President Alfons Hörmann "has not ruled out a German bid to host the 2026 Winter Olympics," according to the SID. Hörmann: "Just a few months ago we said that a [Winter Olympics] bid would be impossible for a long time. However, things can change qu ...

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10/23/14
IOC To Discuss Kosovo Recognition

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10/22/14
Kazakhstan Seeks Foreign Investment

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