EC calls in Swansea’s Liberty Stadium funding for closer scrutiny

Liberty Stadium

By Andrew Warshaw
January 2 – The joint use of the Liberty stadium in Swansea, built at a cost of £27 million, is the latest case being investigated by the European Commission as part of a widescale probe into state aid in sport. Officials have asked the local council to supply funding details of a deal which has enabled Swansea City and rugby club Ospreys to play there since 2005.

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Spartak Moscow owner says new stadium to cost $426m

Otkritie Arena

By Jaroslaw Adamowski
January 2 – Russian billionaire Leonid Fedun has announced that the new stadium currently being built for Spartak Moscow will cost 14 billion rubles ($426 million). Fedun told local news agency ITAR-TASS that Spartak is already receiving funds for the investment from its sponsor, Russian bank Otkritie, under a naming rights deal signed in February 2013.

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Matt Scott: Six lessons for 2014 and beyond

IWFspainleaguetable311213

“History… is the lesson and the example of the future,” Alphonse de Lamartine, Antar.

As one year rolls into another there is only the fading memory of what came before and an anticipation of what might be. Football’s cycles work to a different calendar, but it is worth considering how the lessons of 2013 might provide examples for what the future will hold in the second half of the 2013-14 season and beyond.

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Matt Scott: Faceless offshore funds and the mafia – funding football’s have-nots

TPOheatmap

“Key ECB interest rates will remain at present or lower levels for an extended period of time,” Mario Draghi, ECB president, reaffirming the 0.5% European bank rate on 1 August 2013.

Ever since the financial crisis first struck, central banks across Europe and beyond have been locked in an arm wrestle with the invisible hand of Adam Smith’s markets. There has been much talk of a zero interest rate policy,

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