Menu
Olympics

Debt-Hit Spain Will Press On With 2020 Olympics Bid

Spain vowed to press on with its bid for the '20 Olympics despite an economic crisis that "threatened to engulf its economy," according to Karolos Grohmann of REUTERS. The Madrid government is bidding for the third successive time. Tokyo and Istanbul are the other two candidates. Spaniards are questioning the multi-million-euro expense of going ahead with the bid as "an economic crisis shrinks budgets for public services" like hospitals and schools and people are "increasingly asked to make sacrifices." While few formal protests have taken place, critics expect "a growing chorus of public and political opposition" to the bid as spending cuts bite and the Games bid progresses. The government, however, was adamant it already "had much of the infrastructure in place" to host the Games and for the huge influx of visitors, saying this would "lessen the burden on its citizens already facing tough austerity measures." Spain's State Secretary for Sport Miguel Cardenal said, "We are not talking about huge investments here. But we will pursue this project. The government has no doubt whatsoever and is fully behind the bid." (REUTERS, 7/26).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2012/07/27/Olympics/Spain.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2012/07/27/Olympics/Spain.aspx

CLOSE