[uam_ad id="317182"]

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - In a surprising move, local news reported late Wednesday, February 22nd, that the multi-national consortium comprised of CSM (Chime Sports Marketing), GL Events and Amsterdam Arenas, one of only two groups in the running to take over management of the iconic Maracanã Stadium, has taken itself out of the running.

Reportedly, the group dropped out due to its inability to agree to certain conditions imposed by current stadium manager, the Maracanã SA consortium, led by embattled company, Subscribe to our Premium Membership Plan. Already Subscribed?