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Rio Forced To Cancel World Cup Meet Over Funding


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Since everyone else is posting city topics in general, here is an article I came across today. Needless to say, it is not news you want during the final week of the race.

My biggest concern with Rio is that they will be overextending themselves, because they are too eager to "show the world," and if they have trouble with this event, what makes you think they won't with much larger projects?

Rio forced to cancel World Cup meet over funding

ROME (AP) -- A World Cup swimming event scheduled for Rio de Janeiro next month has been canceled after organizers failed to come up with enough funding.

The announcement comes at a particularly delicate moment, with Rio competing against Chicago, Madrid and Tokyo in Friday's vote to host the 2016 Summer Olympics.

"There are no financial resources. They cannot find any funding. They say they cannot do it," Cornel Marculescu, the executive director of swimming governing body FINA, told The Associated Press on Tuesday.

The World Cup page on FINA's Web site has a line crossing out the Rio meet, with the word "canceled" printed twice.

Marculescu said Rio informed FINA of the decision "two or three weeks ago," adding that the Brazilian city has also pulled out of hosting World Cup events from 2010 to 2013.

Marculescu refused to speculate if the cancellations would have any effect on the IOC vote.

"I only know about my own sport, and there will be no World Cup in Rio for the next four years," he said. "The Olympic Games is a different budget. Rio's proposals for aquatics venues are very good."

The move is also surprising because of interest generated after Cesar Cielo swept the 50- and 100-meter freestyle events in Rome a few months ago for Brazil's first gold medals in 27 years at a swimming world championship.

Belo Horizonte has hosted a World Cup event for the past several years, but the Brazilian federation wanted to move the meet to Rio to attract a better international field.

"Belo Horizonte is difficult to get to," Marculescu noted. "You have to change planes in Rio or Sao Paulo."

Without Rio, only five World Cup events will be held this year -- in Durban, South Africa; Moscow; Stockholm; Berlin; and Singapore.

From 2010 to 2013 there will be seven short-course meets -- in Berlin, Stockholm, Moscow, Dubai and Singapore; and at sites to be determined in China and Japan.

http://www.universalsports.com/ViewArticle...TCLID=204803486

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CBDA - Brazilian Swimming Federation is having problems with his main sponsor Correios, that's why the cancelling of the event.

Remembering three weeks ago Rio held World Cup Pentathlon stage and World Cup of Hipism in former PanAm venues...

The funding problem is only about Brazilian Swimming Federation.

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Thats why the IOC shouldn't let Rio hos the SOG. They depend exclusively on federal money and if Lula cannot put Dilma in the presidency after he leaves Rio will face a lot of problems to get the huge amounts of money that they would need to host the SOG!

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Tokyo and Madrid are basing their bid on public money too, aren't they?

Dunno. What I said is that rio is counting on 30billions (mostly federal resources) and the gang at cob would face problems if another group of politicians end up winning the presidential election in 2010.

Rio wouldn't be able to do it by itself. Thats what happened in the PanAm games and Lula gave billions of money to Nuzman/Cesar Maia spend at will.

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well, only for countries that should have OTHER PRIORITIES. There are still some cites and countries that can afford to stage fiscally sensible Games....like Chicago, for example. ;)

Well, IOC should cut Rio at first stage then, or bombing Rio in the Evaluation Report, or invent a rule that say "Only riches allowed"...

Weird...

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This, if it's a worry at all, isn't a worry in terms of venues, but in terms of revenue and the OCOG sponsorships. If it wasn't so close to the vote I'd question whether this story would have an impact, but we're so close now who knows what will and won't lodge in voters' minds.

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^^^

I would say so too. I am surprised that Rio 2016 didn't step in and pay for this event since it could hurt their bid. They don't seem to have a problem paying for things pertaining to the bid.

I suspect at least a few IOC members would have some lingering thoughts about this, but if it happened a few months back, I hardly suspect it would have any negative affect at all.

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