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
onto The Business of Events Management March 1, 2018 11:16 AM
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