Tag: funding

Nod for Capital One Arena revamp funding

DC Council approves budget for Capital One Arena renovation

Washington D.C. Council has voted to approve a bill for $515 million in funding to improve Capital One Arena and the surrounding area. WJLA said the agreement is part of a larger deal to keep the NBA’s Washington Wizards and the NHL’s Washington Capitals playing their home games in the city for... » Read more

Fiscal aid to ensure MHPArena EURO 2024 venue

Another 20 Million for Stuttgart stadium

The City of Stuttgart has approved an additional funding package of €20m (£17.1m/$21.8m) in an effort to ensure the MHPArena retains its place as a host stadium for Germany’s staging of the Union of European Football Associations (UEFA) EURO 2024. ‘STUTTGARTER NACHRICHTEN’ stated that the... » Read more

North Strip hotel project new lease on life

Las Vegas All Net Arena update October 2022

Ex-National Basketball Association (NBA) player Jackie Robinson unveiled a new funding package on October 19th for his long-sought arena and hotel project on the North Strip (Las Vegas, US) – a venture that’s been on the drawing board for nearly nine years and seen other financing plans... » Read more

COVID-hit UK sports bodies get fiscal aid

EFL and Rugby clubs receive funding

The English Football League (EFL) recently agreed to a new £117.5m (€137.7m/$161.7m) funding package from MetLife Investment Management, the institutional asset management business of MetLife Inc., to support Championship Clubs in meeting Pay As You Earn (PAYE) liabilities. This is an initiative... » Read more

UK Govt cash infusion for spectator sports

England Chancellor unveils funding for spectator sports

UK Chancellor Rishi Sunak confirmed in his budget speech recently that major spectator sports in England will be provided with £300m (€347m/$419m) in funding as clubs and governing bodies prepare to reopen stadia. Gov.UK quoted Sunak as stating, “We’re making available £700 million to... » Read more

Bailout package for Welsh spectator sports

Funding for Welsh stadiums

To help spectator sports tide over the severe financial effects due to COVID-19 which still continues to thump the United Kingdom, the Welsh Government has announced a £17.7m (€19.9m/$24.2m) funding package, with rugby union to benefit the most after being granted £13.5m. Football has been... » Read more

UK Govt largesse for COVID-floundering sports

UK cash boost for clubs and stadiums

The pound 300 lifeline, mostly loans, provided by the UK Government to 11 spectator sports in England is sure to keep them afloat at a time when the United Kingdom has gone into a national lockdown what with the new COVID-19 strain taking a huge toll on lives and the sports venue sector bleeding... » Read more

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