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ISSUE 19 | NOV 2014
WORLD SPORT
NEWS ROUND UP
Scotland
Glasgow to host the 2018
European Swimming
Championships
Glasgow emerged as the winner
of the bidding procedure for
the 2018 European Swimming
Championships. The continental
showcase will visit Scotland for the
very first time in its history.
Cabinet Secretary for
Commonwealth Games and
Sport Shona Robison said: “I
am delighted that Glasgow has
been chosen as the host of
the 2018 European Swimming
Championships. This is a hugely
important event, won through a
strategic partnership including
EventScotland, Glasgow City
Council and British Swimming,
which will give us the opportunity
for us to further the profile of
swimming in Scotland.
Australia
Australian Grand Prix posts record A$60 million loss
The 2014 Australian Grand Prix
posted a record A$59.97 million loss
amid soaring costs and declining
revenue, government officials have
announced.
The loss, subsidised by taxpayers
in Victoria, the host state of the
Melbourne Formula One race,
outstrips last year’s deficit of A$50.7
million by over 18 percent.
Sales revenue was down A$2 million
while expenditure was up A$7.5
million, Victoria’s Major Events
minister Louise Asher told reporters.
The race, which has traditionally
opened the F1 season, has recorded
A$50 million-plus losses for a number
of years, sparking a backlash from
local critics who see it as a waste of
public money.
The controversy was brushed aside
last month, however, when the state’s
Liberal-led government inked a new
five-year deal with Formula One
management to keep the race in
Melbourne until 2020.
Local politicians from both major
parties have long justified the costs
on the claimed economic impact and
branding effect the race has for the
state.
“The Formula 1 Australian Grand Prix
alone generates between 351 and 411
full-time equivalent jobs and up to
A$39 million in economic benefits as
well as up to A$35 million in media or
advertising-equivalent,” a statement
released by Asher’s office said.
Critics have strongly questioned the
accuracy of those figures.
The government also announced
the 2013 Australian MotoGP held at
Phillip Island circuit near Melbourne
had posted a loss of A$11.27 million,
nearly double the previous year’s
A$5.9 million.
No venues have been
announced, but Tollcross
International Swimming Centre
will almost certainly stage the
main indoor swimming events.