Rio’s Maracanã Privatization in Court: Daily

By Anna Kaiser, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The bid for the private ownership of the Maracanã football (soccer) stadium for the next 35 years appeared to have been settled Thursday, May 9th. Yet after public outcry, a court order injunction prevented the state government from concluding the contract until the merits of a lawsuit filed by prosecutors were judged.

The group that had won the contract, Consortium Maracanã SA, edged out bidding competitors, Complexo Esportivo, after two months of negotiations, with a final bid R$5.5 million per year, which will total to R$192.5 million . . .

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