AOL’s Goodwill runs out as Games are axed
Turner Sports' parent company AOL Time Warner has axed the Goodwill Games after 15 years of competition.
Ministers to block Wembley naming rights
The UK government will block any attempt to find a naming rights sponsor for the new national stadium to be built at Wembley as part of the plans to fund the beleaguered project.
G14 to push for control of TV rights
G14, the representative body of top European football clubs, are in negotiations for each club to sell their TV rights for the UEFA Champions League on an individual basis.
Red Sox in record sale
A group led by Florida financier John Henry, which includes The New York Times, has bought the Boston Red Sox baseball franchise for a record price.
Betfair set fair following merger
Betfair and Flutter.com have merged to create the UK’s largest internet betting exchange, which eliminates the bookmaker middleman and allows punters to bet directly with each other, to create £500million ($726.25m/EUR810.37m) of trading volume business.
Pound exits IOC marketing
Dick Pound has been replaced as the IOC's marketing chief by Norway's Gerhard Heiberg, the chief organiser of the 1994 Winter Olympic Games in Lillehammer.
Nike posts positive results
Sporting goods giant Nike has recorded an eight percent rise in second-quarter net income - at the high end of Wall Street estimates.
Jaguar Investments buys Premier Sports
Jaguar Investments has acquired the boxing production company Premier Sports Media and Entertainment.
Skip Barber sold to equity group
Skip Barber Racing School, the world's largest performance driver training business, has been sold by the private equity fund Sports Capital Partners to First Equity Group.
WWFE boosts TV with new tour
World Wrestling Federation Entertainment (WWFE) will be staging a series of international live event tours in Asia, Europe and Australia in 2002, starting with a three-city tour through Asia in March.