SportBusiness Staff

Lager brand Carling has handed its £4.5 million ($6.6m/B

German media group Kirch raised its stake in Formula One holding company SLEC on Monday to a controlling 58.3 percent from a previous 36.8 percent.

The International Cricket Council has unveiled a new logo (pictured) and vision it hopes will see it develop into an international sporting brand.

The world men's squash championships, to be held in Melbourne, Australia next week, became a casualty of international unrest as they were cancelled due to lack of financial support.

As part of its move towards a more professional business model, the CART motor racing franchise has appointed Arnold Worldwide as its advertising agency.

Ian Ross, chief operating officer of loss-making Formula One team British American Racing (BAR), has told sportbusiness.com that he “sees no reason to think that the team won’t be appearing on the starting grid next year”.

The executive committee for European soccer governing body UEFA meets in Prague today to discuss a number of issues including its business plan for 2002.

Ian Ross, chief operating officer of loss-making Formula One team British American Racing (BAR), has told sportsbusiness.com that he “sees no reason to think that the team won’t be appearing on the starting grid next year.”

Failure to strike major market TV deals for next summer's FIFA World Cup could result in sponsors demanding compensation.

FIFA president Sepp Blatter is set for a showdown over World Cup 2002 TV rights for a number of Caribbean territories.