ANZ Attempted to Offload Olympic Stadium
ANZ wants to offload the 2000 Olympic Stadium from its books.
ANZ Stadium in Sydney. (Getty Images)
The Melbourne-based bank has the naming rights to the venue through 2031. According to a report in Sydney’s The Daily Telegraph
, ANZ attempted to sell ANZ Stadium back to the state government, but the government rejected the deal saying the stadium was not profitable enough.
The stadium has largely avoided white elephant status, hosting a variety of sporting events and concerts throughout the year. However, ANZ had asked the government for up to $300 million in renovations. The New South Wales government said there wasn’t enough money for the work.
"We're disappointed the government didn't get their head around it (buying it back) because it's a really solid proposal but it could be revisited," ANZ Stadium CEO Daryl Kerry said.
"If they want to run it into the ground that is their prerogative but I can't allow that to happen under my watch.
"It would be detrimental to our business and NSW.
"Clearly they have found some money more recently in upgrading the SCG," he added, referring to the Sydney Cricket Ground, the city’s second marquee sporting venue.
Coates Looks at IOC VP
John Coates. (Getty Images)
John Coates is considering a run for IOC Vice President.
The Australian IOC Executive Board Member said his biggest challenge could be geopolitical.
"We don't have as big a constituency," Coates told the AAP, referring to Oceania’s IOC delegation.
"There's only five or six of us in this this part of the world, it is more difficult for all of us.
"It has been a Eurocentric body, but both east and west Asia are becoming very strong in sport and very powerful in sport, in the administration too."
Saudi Arabia Approves Women’s Sports
Sarah Attar, one of Saudi Arabia's two female Olympians, competing in the 800m at the London Olympics. Saudi Arabia has some of the strictest restrictions on women's rights. (Getty Images)
Saudi Arabian women will now be able to compete in sports in private schools.
Under the new directive, women will be able to play sports if they adhere to Sharia Law, and among other regulations, strictly follow a dress code for sports.
Mohammed Al-Dakhinim, a spokesperson for the Education Ministry, said the decision "stems from the teachings of our religion, which allow women such activities in accordance with Shariah."
Saudi Arabia was the last country to send female athletes to the Olympics, finally doing so during the London Games, sending two athletes.
Denmark Reelects NOC President
Niels Nygaard will serve another two years as president of DIF, the Danish National Olympic Committee.
He was unanimously reelected at the DIF Annual General Assembly on May 4.
Karl Christian Koch was re-appointed as secretary general.
Written by Ed Hula III.
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