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Paralympic Games Face Cutbacks Due To Brazil’s Financial Woes

During the Olympic games, running out of funds was a concern and it was seen as some of the competition pools turned green with algae contamination.

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Along with members of his cabinet Mr Temer held talks with Games’ organisers before pledging to return to visit the Paralympics, which kick off in Rio on September 7. A familiar tune repeated through the World Cup in 2014 and going into the Olympic games at the beginning of August.

The Paralympics will go ahead in Rio next month but organizers said Friday that deep budget cuts mean a venue will close down, facilities will be dismantled and the workforce will be reduced.

Craven, however, did admit that Rio 2016’s organising committee had been slow in revealing the extent of its financial difficulties, although information was flowing freely now. Several countries’ teams now worry whether they’ll be able to attend.

Due to Brazil’s harsh economic circumstances and the low amount of ticket sales for the event (they only managed to sell 12%), these organizations failed to pay the travel grants to all of the participating countries that were due by the end of July.

Cuts will be made to venues, workers and transport and media centres will be closed, the IPC said.

Cost overruns, Brazil’s worst recession in decades, and a decision to bolster security in the wake of worldwide terror attacks, have seriously stretched the Games’ budget.

Entire events have been forced to switch venues at the 11th hour to save money because the Deodoro area, which has hosted hockey, equestrian and shooting events during the Olympics, will be completely closed before the Paralympics begins to save money. “Since becoming aware of the full scale of the problem, we have focussed all of our efforts on finding solutions to the problems”.

In a statement it said: “Our Paralympics GB athletes have been training hard for at least four years for this moment to compete and deliver their personal best amongst their worldwide competitors”.

Petrobras, with almost $125 billion of debt – the oil industry’s largest – passed on Olympic rights because of high costs and limits on the use of its sponsored athletes during the Games, the source said. “We are problem solvers by nature and fight for what we believe in”.

“We now hope a new promotional campaign will engage the Brazilian public and lead to strong crowds for all sports”, Sir Philip said.

However, that may not be enough for 10 teams to get to the Games.

“I believe the performances of the Para athletes will act as a catalyst for social change”.

“Depending on the amount of tickets and sponsorship that we sell, the amount of money that we will get from the Government will vary”, he added.

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“The opportunity we have here to make Rio, Brazil, Latin America and the world a more equitable place for all does not come around very often, so we have to grab it with both hands”.

Support Petrobras may buy marketing rights for the cash-strapped Paralympics
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