2009

7

Mar

F1 team bosses launch roadmap to save their sport

Formula One team bosses have unveiled plans designed to save the sport amid the world financial crisis.
The Formula One Teams Association, which represents the 10 current teams in the sport, announced its blueprint for the future Thursday at a news conference in Geneva.
The group believes team budgets can be halved by next year. It [...]

Filed under: blueprint• broadcasters• financial crisis• formula 1• formula one teams• geneva• mechanics• news conference• race winners• radio conversations• team bosses• team budgets• technological updates Posted by RSS

2009

20

Feb

Olympics-Grassroots sport struggling in credit crunch, says IOC

Sport’s long-term popularity will suffer badly if governments redirect funds away from its grassroots during the global credit crunch, International Olympic Committee (IOC) chiefs warned on Friday.
IOC president Jacques Rogge said top-tier events like the Olympic Games and soccer’s World Cup were not suffering too much from the worst economic downturn in almost 80 [...]

Filed under: Olympic Games• bloc• economic downturn• financial crisis• financial help• global credit crunch• grassroots level• information• international olympic committee• ioc president jacques rogge• legal basis• legal competence• lisbon• local games• national associations• national olympic committees• patrick hickey• small clubs• sports fans• stimulus plan• ticket sales Posted by RSS