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Russian Economic Crisis Drives Transfer Market Spending To 14-Year Low

Published in SportsBusiness Daily Global on 03 / 04 / 15

Russian Premier League clubs’ transfer spending in this year’s winter window hit a 14-year low. The Premier League's 16 clubs spent only €6M on transfers between them, the lowest figure for a winter transfer campaign since '01 and a drastic decline from €39M spent in the winter...

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Tags: International Football, Russia

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12/03/14
Olympic Notes

Former IOC VP Dick Pound "is confident the IOC will drop regulations limiting the number of sports on the Games program and says squash should be brought into the Olympic fold." Pound, also the former president of the World Anti-Doping Agency, said that "the sport had women to thank for raising s ...

Tags: Olympics

12/01/14
Rio Wins Battle Over Olympic Golf Course

A Rio de Janeiro judge on Wednesday "denied a request from prosecutors to halt construction of the Olympic golf course because of environmental concerns, curtailing fears" that the venue will not be ready in time for test events, according to Tales Azzoni of the AP. Judge Eduardo Antonio Klausner sa ...

Tags: Olympics, Brazil

12/01/14
Sapporo To Bid For 2026 Winter Olympics

The mayor of Sapporo, Japan, "announced his city’s intention to bid for the 2026 Winter Olympics," according to the AP. Sapporo, on Japan’s northernmost island Hokkaido, "hosted the Winter Olympics in 1972." Sapporo Mayor Fumio Ueda told a city assembly meeting Thursday that “hosti ...

Tags: Olympics, Japan

11/25/14
Rio Mayor Downplays Corruption Scandal

Rio de Janeiro Mayor Eduardo Paes said that the 2016 Rio Games "will not be affected by a corruption scandal implicating some of Brazil’s biggest construction companies and the country’s state-controlled oil producer," according to Tariq Panja of BLOOMBERG. Paes said there were "no conce ...

Tags: Olympics, Brazil

11/25/14
Rio 2016 Reveals Mascots

The 2016 Rio Organizing Committee "revealed the official mascots for the Olympic and Paralympic games," according to Chesney Hearst of the RIO TIMES. The two mascots, a yellow creature chosen for the Olympic Games and a green and blue one picked for the Paralympic games, "stand for Brazil’s wi ...

Tags: Olympics, Brazil

11/21/14
Tokyo Looking To Cut $1.7B Off 2020 Bill

Related story: IOC VP Asks Tokyo To Move Event Venues Tokyo "is looking to slash the price tag for the 2020 Summer Olympics" by $1.7B through scrapping or scaling back plans to build new facilities amid fears over spiraling costs, according to the AFP. Recent estimate ...

Tags: Olympics, Japan

11/20/14
IOC Vision Creates 'Sense Of Modernization'

Australian world champion slalom canoeist Jessica Fox said that the IOC's vision for the future of the Olympic Games has ­created a “feeling of renewal and modernization,’’ according to Nicole Jeffery of THE AUSTRALIAN. Fox was one of 10 athletes from around the world invited to We ...

Tags: Olympics

11/20/14
IOC VP Asks Toyko To Move Event Venues

IOC VP John Coates has “urged Tokyo to consider moving more events to venues outside the capital, including one hundreds of kilometers away, in a bid to rein in spending” for the 2020 Summer Games, according to Elaine Lies of REUTERS. Rising labor and construction costs have forced Tokyo ...

Tags: Olympics, Asia

11/19/14
IOC To Bring In Cheaper, Easier Bidding

The IOC, "presenting the biggest changes in decades" in the way the Olympic Games are organized and run, said that bidding "will become cheaper, easier and more attractive while sports will enter the Games quicker," according to Karolos Grohmann of REUTERS. IOC President Thomas Bach said, "We have ...

Tags: Olympics

11/17/14
IOC To Unveil Major Changes

The IOC "will unveil plans to overhaul parts of the sporting extravaganza next week" as it looks to make the Games more attractive to fans and sponsors alike, according to Karolos Grohmann of REUTERS. IOC President Thomas Bach "will present 40 recommendations at the renovated Olympic Museum" in La ...

Tags: Olympics

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