Posted 2015-10-15 10:41 PM (#213941) Subject: BNDES is the largest development bank in Latin America
?It would be fair to be confident in the potential of success for Al Tamimi Company’s new Sports Law practice based on the firm’s and its employees’ track records alone. However, there are additional promising signs including but not limited to a recentPricewaterhouseCoopers report that pits the Middle East as a prime emerging sports market worth in excess of $40 billion based on annual revenues and with an estimated growth rate of 4.6% (sponsorship being identified as one of the fastest growing segments). The time may be ripe for a specialized Sports Law practice. “The potential within the sports industry across the Middle East brings vast opportunities and challenges, and it will most certainly act as a catalyst for sustainable development,” added Bainbridge. He also believes his new practice will add value to businesses based in the United States that may be interested in tapping into the commercial opportunities provided by the Middle Eastern marketplace. ”Whether they may be potential sponsorship partners or providers seeking to supply goods or services in support of sporting events or sporting infrastructure, our practice will be able to help them navigate through the complexities of the Middle East, its business practices and its legal systems.” Darren Heitneris a Partner atWolfeLawMiami, P.A.inMiami, Florida, Founder ofSports Agent BlogProfessor of Sport AgencyManagementat Indiana University and author of a forthcoming book, How to Play the Game: What Every Sports Attorney Needs to Knowpublished by theAmerican Bar Association. Learn more about him athttp: www.darrenheitner.com. Follow DarrenHeitnerBrazil Billionaire's Rio Hotel Won't Be Ready For FIFA World Cup 2014. Hotel Gloria Palace in Rio de Janeiro is owned by Brazilian billionaire Eike Batista. He hoped the rebuild would be done by the 2014 FIFA World Cup. It FIFA Coins won't be. Brazilian billionaire Eike Batista‘s Hotel Gloria will not be ready in time for the lucrative 2014 FIFA World Cup, Folha de S atilde;o Paulo reported this weekend. The traditional Carioca (name of Rio locals) hotel already exists in the central part of Rio de Janeiro city. But a R$190.6 million ($95.3 million) loan from government lending juggernaut BNDES to finish the upgrades to Gloria in time for 2014, when millions will undoubtedly inundate Rio to cheer on their national football teams, was not enough to get this project complete on time. BNDES is the largest development bank in Latin America, with a lending portfolio that rivals the World Bank worldwide. It lent the low interest loan to billionaire Batista under their ProCopa program, designed for companies looking to upgrade and build-out new construction projects ahead of the FIFA World Cup, already coming to Brazil next year.