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France’s Lagardère to Take Over Rio’s Maracanã Stadium

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - One of the most drawn out behind-the-scenes football (soccer) storylines in recent memory may have finally reached its conclusion late Wednesday (April 5th) as local news reports that French media company, Lagardère, has reached an agreement in principle with Odebrecht to take over operations of the iconic Maracanã Stadium.

The details of the deal have not been officially disclosed, but various reports have indicated that Lagardère has agreed to pay upwards of R$30 million to assume stadium operations until 2048. In addition, this month Lagardère . . .

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