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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and publ...

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Tags: Olympics, Brazil

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11/29/12
Adidas Shuns CNOSF Offer

Adidas has opted to "not answer the new offer" from the French National Olympic Committe (CNOSF) for the 2016 Olympics, according to L'EQUIPE. The offer from the CNOSF did not include Olympics "competition clothing" and was thus turned down by adidas. The sportswear company had been the official Oly ...

Tags: Europe, Olympics

11/29/12
U.K. Sport, Sport England Avoid Merger

Plans to merge the elite sport-funding body U.K. Sport and the grassroots quango Sport England as part of PM David Cameron's "bonfire of the quangos" are likely to be "scrapped in the wake of Team GB's Olympic success" from the summer, according to Owen Gibson of the London GUARDIAN. U.K. Sport, whi ...

Tags: Olympics, United Kingdom

11/28/12
London Olympic Park Under Construction

London's Olympic Park "has taken on the air of a construction site again," with work under way on a £292M ($468M) transformation before Britons can use facilities like the swimming pool and cycle trails, according to Keith Weir of REUTERS. Builders "in hard hats were on Tuesday dismantling tem ...

Tags: Olympics, United Kingdom

11/28/12
IOC Examining Squash's Hong Kong Open

After two failed bids to get squash into the Olympics, world No. 1 Nicol David and her fellow players have "embarked on a campaign to raise the sport's global profile in an attempt to win over IOC chiefs in Hong Kong this week," according to Peter Rutherford of REUTERS. The 2020 Games will allow one ...

Tags: Olympics, China

11/27/12
U.K. Sport To Invest In Coaching

U.K. Sport will "launch an elite coaching programme that it hopes will strike fear into Great Britain's rivals on the road" to the Rio de Janeiro Olympics, according to James Riach of the London GUARDIAN. The organization aims to develop 12 high achieving coaches from "world class level to world lea ...

Tags: Olympics, United Kingdom

11/27/12
Sochi 2014 Venues On Schedule

With just more than 14 months to go before the Opening Ceremony of the Sochi Winter Olympics, organizers said that "they are on track to deliver all the venues, with some works concluded ahead of schedule," according to RUSSIA TODAY. Built from scratch, along with the supporting infrastructure, "the ...

Tags: Olympics, Russia

11/26/12
Rinehart Splashes Cash

Mining magnate Gina Rinehart, the world's richest woman, has "come to the rescue of the ailing Australian team," pledging to help Swimming Australia provide an extra A$10M ($10.5M) over the next four years to the nation's leading swimmers, according to Nicole Jeffrey of THE AUSTRALIAN. Rinehart and ...

Tags: Olympics, Australia

11/21/12
Camelot Gets Olympic Boost

U.K. National Lottery operator Camelot has hailed the London 2012 Games for "boosting revenue" as it reported record sales of £3.53B ($5.6B) in the six months to Sept. 19, according to Mark Sweney of the London GUARDIAN. The company said that ticket sales "grew by 8.1% year-on-year," just more ...

Tags: Olympics, United Kingdom

11/20/12
FIFA To Rehear Korean Footballer Case

The case of the South Korean football player "who inflamed a diplomatic row with Japan by waving a political placard" at the London Olympics will be heard again by FIFA's disciplinary committee on Tuesday, according to Brian Homewood of REUTERS. The committee, which has to decide whether Park Jong-w ...

Tags: Olympics, Asia

11/20/12
Infront-Ringier Seeks Olympic Bid Sponsors

A joint venture between media corporation Ringier and sports marketing company Infront Sports & Media "is trying to acquire sponsors for Switzerland's 2022 Olympic Winter Games bid," according to SÜDOST SCHWEIZ. It is expected that sponsorship money will "cover about a quarter of the b ...

Tags: Olympics, Europe

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