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Scooped by
John Beech
March 1, 2018 11:16 AM
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March 1 – Brazil’s Federal Police are claiming the price tag of Salvador’s Fonte Nova stadium, a 2014 World Cup venue, was inflated by as much as $130 million. Seven arrest warrants have been issued in connection to the investigation, including for the former governor of Bahia Jaques Wagner.
The Fonte Nova Stadium hosted six matches at the 2014 World Cup, including Netherlands’ 5-1 demolition of Spain. Built on the site of the old stadium the state-of-the-art new venue construction costs were estimated at $250 million. Read more …
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Scooped by
John Beech
January 12, 2017 5:18 PM
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THE iconic Maracana Stadium sits in a state of ruin — the broken legacy of the Brazil World Cup and Rio Olympics.
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Scooped by
John Beech
December 5, 2016 10:17 AM
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By Andrew Warshaw
December 5 – The “unwarranted criminal compliant” brought by Brazilian authorities during the latter stages of the 2014 World Cup against British ticket and hospitality consultant Ray Whelan has “officially closed in its entirety” according to his employers.
A statement issued by the Byrom Group of companies, including MATCH Services AG and MATCH Hospitality AG, made the announcement just as Whelan gave an exclusive interview to Insideworldfootball about his ordeal which made global headlines at the time. Read more …
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Scooped by
John Beech
March 22, 2016 2:36 PM
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Brazilian prosecutors on Tuesday said they had uncovered systematic corruption at engineering conglomerate Odebrecht, with an office that paid bribes on work for state-run oil firm Petrobras, World Cup soccer stadiums and other projects.
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Scooped by
John Beech
December 17, 2015 12:34 PM
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More than one billion fans tuned in to watch the final of football’s 2014 World Cup in Brazil, according to Fifa, the sport’s global governing body.
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Scooped by
John Beech
June 16, 2015 9:44 AM
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The 2014 World Cup did not only bring tears to Brazil on the field, but a year later the tournament has left a questionable legacy.
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Scooped by
John Beech
March 31, 2015 6:28 AM
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A 20% jump in income from its Asia and North Africa region enabled FIFA to generate marginally more TV revenue from the 2014 World Cup than the previous edition in South Africa. This was in spite of a near 10% decline in revenue from the key European region.
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Scooped by
John Beech
March 3, 2015 9:31 AM
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Corinthians and the city of Sao Paulo are at odds over a development incentive certificate (DIC) for the Arena Corinthians, worth €12.6 million.
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Scooped by
John Beech
January 24, 2015 4:21 PM
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The Arena Amazonia has only had 11 events.
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Scooped by
John Beech
December 5, 2014 9:33 AM
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By Andrew Downie SAO PAULO (Reuters) - The 12 stadiums used in this year's football World Cup cost 50 percent more than planned and only six of the 35 promised public transportation projects were finished on time, according to an as yet unpublished report from Brazil's Federal Accounts Court. Twelve arenas were remodelled or built from scratch at a cost of 8.44 billion reais (2 billion pounds), the court said in its most thorough report on World Cup spending since the tournament ended in July. The original estimate in 2010 was 5.6 billion. ...
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Scooped by
John Beech
October 10, 2014 6:59 AM
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Description: One million extra seats sold but revenues down, says study, Author: Ray Montgomery - TravelMole Media Group LLC, Publish Date: 06 October 2014, Image: , Category: Travel News
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Scooped by
John Beech
September 26, 2014 8:47 AM
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RIO DE JANEIRO (AP) — FIFA President Sepp Blatter has responded to protesters criticizing the high cost of staging the World Cup in Brazil by pledging to give at least $100 million from profits back to the country. Soccer's…
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Scooped by
John Beech
July 25, 2014 10:20 AM
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A newly published survey of UK, US and Brazilian consumers finds that Coca-Cola, McDonald's, Visa and Adidas were the most recognised sponsors of the World Cup in Brazil, achieving recognition among 50%, 39%, 41% and 36% respectively, amongst UK, US and Brazilian consumers.
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Scooped by
John Beech
April 18, 2017 4:43 PM
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By Samindra Kunti
April 14 – Six out of Brazil’s 12 World Cup stadiums were constructed amid financial irregularities, according to documents from construction giant Odebrecht as Brazil’s large corruption scandal Lava Jato (operation car wash) deepens further.
Operation Car Wash is an investigation being carried out by Brazil’s federal police that began in 2014 initially as a money laundering case but has expanded to cover allegations of corruption at the state-controlled oil company Petrobras, Read more …
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Scooped by
John Beech
December 8, 2016 1:47 PM
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Scooped by
John Beech
November 15, 2016 10:35 AM
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By Samindra Kunti
November 15 – The Arena Corinthians, the World Cup showcase stadium in Sao Paulo that became the home of reigning Brazilian champions Corinthians, is facing severe structural damage due to a massive water leak beneath the facility. The condition may threaten the sustainable use of the venue and again questions the legacy of the 2014 World Cup in Brazil.
Brazilian newspaper Folha de São Paulo first reported the problem alleging that the water leak, Read more …
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Scooped by
John Beech
December 21, 2015 9:58 AM
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FIFA is suspending further transfers from a World Cup legacy fund to Brazil pending further talks with the Brazilian federation, the CBF. Brazil has only received $8.7 million from the fund 17 months after the most profitable World Cup in history.
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Scooped by
John Beech
October 3, 2015 4:32 AM
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2014 legacy: Corinthians battle to finish and fund Arena
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Scooped by
John Beech
April 3, 2015 10:02 AM
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Since exiting their own World Cup in unforgettably humiliating fashion, hammered 7-1 by eventual champions Germany, Brazil have recovered a degree of self-esteem with seven successive victories, most recently a 3-1 win over France on Thursday.
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Scooped by
John Beech
March 20, 2015 2:08 PM
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The commercial power of the Fifa World Cup has resulted in record revenues of $2.096bn (€1.9bn) for 2014 and $5.718bn for the four-year period spanning 2011-14, as world football’s governing body today (Friday) revealed details of a significantly increased financial package with the European Club Association (ECA).
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Scooped by
John Beech
January 26, 2015 4:36 PM
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Just seven months after hosting four World Cup matches, Cuiaba's Arena Pantanal stadium, is being closed for "emergency repairs".
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Scooped by
John Beech
January 6, 2015 2:46 PM
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The circus has long gone but the scars have not. Six months on from the Brazil World Cup, football wastelands pockmark the country, each with empty cathedrals to excess and greed. If only it hadn’t all been so predictable.
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Scooped by
John Beech
November 11, 2014 8:01 AM
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The Brazilian Football Confederation (CBF) has signed a Memorandum of Understanding (MoU) with world football’s governing body Fifa regarding the implementation of the legacy fund for the South American country’s hosting of the 2014 World Cup.
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Scooped by
John Beech
October 8, 2014 10:09 AM
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Viewing figures for this year's FIFA World Cup in Brazil set records in several key football markets, Niclas Ericson, FIFA's director of TV, has told the Sportel Convention in Monaco.
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Scooped by
John Beech
July 27, 2014 12:22 PM
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From the 2014 FIFA World Cup, FIFA generated $4.4 billion in revenue and $2 billion profit, which are record numbers for the world soccer's governing body, according to a report by German business newspaper Handelsblatt. The revenue figure of $4.4 billion is an increase from the $4 billion generated from the 2010 World Cup in…
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