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daily 07/14/2014

    • Texeira was the president of the Brazilian soccer federation and, until 2012, the country’s chief of World Cup preparations. He resigned from both those posts thanks to a glut of corruption investigations against FIFA where he also served on the executive committee. Texeira was accused of accepting $12m worth of kickbacks from marketing firms who won bids in the build up to Brazil’s hosting duties, but the investigation halted after he agreed to pay back $2.5m. (A fun little sidenote: Texeira is also accused of accepting a bribe from Qatari officials during that country’s bid for the 2022 World Cup. Investigators found that Texeira’s 10-year-old daughter opened a savings account worth $3.4m about a month after the tiny oil-rich nation won hosting rights.)
    • The Itaquerão is home to one of Brazil’s biggest clubs, Sport Club Corinthians Paulista. Oddly enough it’ll also be the club’s first true home field: even though the team is the 16th most valuable in the world at $358m, they’ve always played in rented facilities. Corinthians will eventually own the arena outright after paying their half of construction costs to BNDES and the state which is no small concession as they’re currently negotiating a $1b naming rights and marketing contract with Emirates, which means Corinthians won’t be struggling in the transfer market anytime soon.

Posted from Diigo. The rest of my favorite links are here.

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