Emirates has sponsored the St. Petersburg Tennis Tournament. Petersburg Open

Emirates will sponsor the St. Petersburg Tennis Tournament. Petersburg Open, which will be held in St. Petersburg from 19 to 25 September 2016. Open St. Petersburg (owns the rights to organize the tournament) has signed a four-year contract with Emirates, says its CEO Ruslan Linkov. Emirates did not respond to a request from Vedomosti yesterday.…

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The Chinese are investing billions of dollars in European football clubs

Chinese companies spend billions of dollars to buy stakes in European football teams, and Chinese clubs are breaking records for the amount of transfers paid for the transition to their European stars, writes the Financial Times (FT). Chinese President Xi Jinping has already stated his desire to turn the country into a great sports nation…

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Michael Phelps starred on the cover of Sports Illustrated in Nike uniform

American swimmer Michael Phelps starred in Nike clothes on the cover of Sports Illustrated magazine, although he has a contract with another sports brand since 2010 – Under Armor, writes Bloomberg. Phelps is a source of pride for Under Armor, according to Fortune, in total the company has signed sponsorship deals with about 250 athletes.…

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Berlusconi sells Milan football club to Chinese investors

A consortium of Chinese investors has signed a preliminary agreement with the Fininvest holding family of former Italian Prime Minister Silvio Berlusconi to buy the Milan football club. This is stated in the message Fininvest. Chinese investors have agreed to buy all 99.93% of the football club owned by the holding. The deal should be…

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FC Zenit has risen in price to 15.4 billion rubles

JSC “Football Club” Zenith “issued 14,951 new shares and raised 59 billion rubles., According to the club’s RAS reports for 2015. Their face value – 1000 rubles., The cost of placement – 395025 rubles. per share. After the issue, the authorized capital of the club increased to 39,004 shares. Thus, shareholders estimated the club at…

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Olympic tourism does not live up to Rio de Janeiro’s expectations

Tickets for the Olympic Games in Rio de Janeiro are not selling as fast as for the last Olympics. In addition, demand for airline tickets and hotel rooms is also low amid the recession in Brazil, the Zika virus epidemic and security concerns a few days before the August 5 Games opening ceremony. By August…

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