Pursuits
AEG, Billionaire Batista to Manage Rio’s Maracana Stadium
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Anschutz Entertainment Group Inc., the operator of the Staples Center in Los Angeles and London’s O2 arena, teamed up with billionaire Eike Batista and Brazil’s largest construction company to run Rio de Janeiro’s Maracana stadium for 35 years.
Brazilian media, including Globo, reported today that a Brazilian judge had suspended the agreement pending an investigation into alleged irregularities during the bidding process. The official announcement of the deal was made yesterday.