The Business of Events Management

The budget of $1 billion set for the 2026 Asian Games in Aichi-Nagoya is expected to be revised due to escalating costs, it has been revealed.

July 24 – FIFA has said that despite difficulties in concluding broadcast contracts, they nevertheless provide a “strong global platform” for the Women’s World Cup.
FIFA was still completing broadcast deals right down to the tournament kick-off with key free-to-air deals concluded in Japan with NHK and China PR with CCTV.
Last minute sales were also concluded in Central Asia (Saran), Chinese Taipei (ELTA), Hong Kong (PCCW), the Maldives (Medianet), Mongolia (Content Distribution LLC) and the Philippines (Cignal TV).

The International Olympic Committee is paying $201 million to Winter Olympic International Sports Federations as their dividend from last year's disrupted Beijing 2022 Winter Olympics.

May 2 – FIFA and its president Gianni Infantino are threatening a broadcast blackout of the Women’s World Cup in Europe’s ‘Big 5’ TV markets over “disappointing” broadcast offers.
With less than 100 days to go until the kick-off of this summer’s flagship women’s tournament in Australia and New Zealand, Infantino said the offers from broadcasters in Italy, Germany, France, the UK and Spain “are still very disappointing and simply not acceptable”.

September 29 – German players will bank €400,000 if they win the World Cup in Qatar.
The tournament bonuses for the team were agreed after negotiations with the players. “We had intense discussions in a good and constructive atmosphere,” said DFB President Bernd Neuendorf following a meeting with team representatives Manuel Neuer, Thomas Mueller, Joshua Kimmich and Ilkay Guendogan. “At the end of the day, we have found an acceptable solution for everyone.”
The Germans will get 400,000 euros if they bring the trophy home for a fifth time.

Some countries offer six-figure incentives for Olympians who win medals. Some pay nothing at all. Here’s a look at who owes what now that the Beijing Games are over.

Fyre Festival has reached a $2m settlement with 277 ticketholders of the ill-fated 2017 event. The US Bankruptcy Court in the Southern District of New York has approved the class action settlement with each ticketholder to receive $7,220 in pay-outs. The news comes almost four years after a $100m class action lawsuit was initiall

At the last meeting of the Events industry Board, members continued to press for more support as they reviewed measures for the longer term recovery of the Industry. Whilst welcoming the extension to the furlough scheme, members urged the government to extend the scheme further and offer help t

Some 60% of the UK’s event industry’s supplier base is facing collapse within three months, unless event businesses receive further support from the Government, according to an on-line survey carried out by the Events Industry Forum (EIF) and Business Visits and Events Partnership (BVEP) and co

By Paul Nicholson
July 20 – Overseas fans in Russia for the World Cup spent about €1.3 billion between June 14 and July 16, according to a report by Russia’s Sberbank.
The state-owned lender analysed usage of foreign credit cards in the European part of Russia during the World Cup 2018, including all credit cards purchases, cash payments and currency conversions within the Sberbank network.
Breaking down the spend, Read more …

Adam Nelson looks into Pyeongchang 2018's commercial work, and finds that some of the concerns that dogged the Games late last year are easing.

Victoria has agreed to pay AUD$380 million to settle all disputes
arising from the cancellation of the 2026 Commonwealth Games.

FIFA has fallen roughly $100 million short of its goal for the 2023
Women’s World Cup broadcast rights fees.

The International Olympic Committee will contribute $10.4million, its
share of a $52 million surplus achieved by the Beijing 2022 Winter
Olympics, to support the development of sport in China.

October 11 – FIFA has opened the financial compensation process for clubs whose players will be participating at the 2022 World Cup in Qatar.
The Club Benefits Programme will see $209 million distributed to clubs worldwide. In 2018, following the Russia World Cup, 416 clubs from 63 member associations benefitted from the programme.
Compensation for clubs sees $10,000 paid for each one of the days the relevant player remains with his national team during the Qatar 2022 World Cup and the official preparation period.

Surge in festivals after Covid lull risks making green spaces elitist as councils try to offset tightened budgets

The organisers said the charity behind the three-day event that was due to take place this month has ‘ceased trading and is in the process of going into administration’ One of Cornwall’s most popular music festivals has suddenly been cancelled. Organisers have announced that they have pulled the plug on the sold-out Looe Music Festival …