2009

6

Mar

Motor racing-Credit crunch can be good for F1, says Montezemolo

All Formula One’s car manufacturers and current teams are prepared to commit to the sport until the end of 2012, Ferrari president Luca di Montezemolo said on Thursday.
“All the teams and car manufacturers are prepared to commit to enter in the new Concorde Agreement until the end of 2012,” he told the first news [...]

Filed under: Formula One world championship• car manufacturers• carmakers• concorde• energy recovery system• engines and gearboxes• ferrari• fia• fiat• formula 1• formula one• formula one teams• fota• global credit crunch• global financial crisis• international automobile• italian carmaker• legal discussions• martin whitmarsh• montezemolo• news conference• team principal 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