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

    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. Emirates commercials will be placed on the networks of the central court, on the wall that falls into the field of view of the cameras, and on other media, says the executive director of the tournament Natalia Kamelzon. Emirates is a premium partner of the

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  • The Chinese are investing billions of dollars in European football clubs

    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 that will host the World Cup and win it, the newspaper notes. The first steps in this direction have already been taken. Thus, a consortium of investors, which includes the Chinese investment group Everbright and the British PCP Capital Partners, is negotiating the acquisition of

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

    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. Phelps is the only 23-time Olympic champion in the history of sports: he won 13 gold medals in individual championships and 10 medals in relay races; as well as an absolute record holder in the history of the Olympic Games in the number of medals.

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  • Berlusconi sells Milan football club to Chinese investors

    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 closed by the end of 2016, after receiving approval from Italian and Chinese regulators, the report said. Chinese investors are involved in the acquisition of the famous football club through Sino-Europe Sports Investment Management Changxing. Among the investors are the China State Development and Investment

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  • FC Zenit has risen in price to 15.4 billion rubles

    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 154 billion rubles. The previous issue in 2011 was 132,000 rubles, and the entire club was estimated at 32 million rubles. (all data – “SPARK-Interfax”). The shares were placed at a market price that reflects the rising value of the FC Zenit brand and the

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

    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 1, only about 79% of the 6,100,000 tickets to the Olympics had been sold, according to organizers. This is much less than the final figures for the last two Summer Olympics in London and Beijing, where sales exceeded 95%. However, in percentage terms, Rio is

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