News

Spanish soccer giant Real Madrid has hit back at claims it has defaulted on a transfer payment – saying it has all been a ‘misunderstanding’.

The English Football League has rejected Wimbledon soccer club’s controversial plan to relocate to Milton Keynes - more than 70 miles away from the club’s current base in south London.

Toronto could lose the $2.95million (B

US broadcaster ESPN is to trial its fledgling broadband internet service after striking up a partnership with Comcast Corporation to offer broadband content to cable modem customers in the Philadelphia area during the X Games.

The US women’s soccer league is heading into the end of season play-offs for its inaugural season having exceeded attendance expectations, but it has fallen short in the television ratings.

London stock market-listed entertainment company Wembley has said the sale of Wembley complex is progressing and a shortlist of bidders has been drawn up.

UK dedicated sports fan website Rivals.net has entered into strategic partnerships with travel website Expedia and online auction firm eBay to offer specialist services to its users.

Online sports technology provider, iSport UK and sports technology consultants, Play-Sport New Media are to merge their UK operations, sportbusiness.com has learned.

The Brazilian city of Rio de Janeiro wants to organise the 2007 Pan American Games.

Jacques Rogge, president of the International Olympic Committee (IOC), has denied that the Olympic Games will change to a two-year cycle.

Anshutz Sports & Entertainment Group (AEG), the owners of the National Hockey League team the Los Angeles Kings and Major League Soccer club LA Galaxy, will invest in two Swedish clubs to expand its sporting assets outside the US.

Media mogul Rupert Murdoch has defended the proposed merger of his News Corporation company with US satellite platform DirecTV, stating that such an alliance would provide a ‘healthy premium’ for shareholders and create ‘synergies that no other company can match’.

Internet superstore Buy.com is to scrap its sponsorship of the PGA’s minor league golf tour as it fights to stay afloat amid mounting financial pressure.

Spending on gambling is expected to rise by 21 percent in the five years between 1999 and 2004, according to a survey carried out by UK-based market research company Mintel.

A Chinese-led consortium has won the contract to build a new stadium in Hanoi, Vietnam, as the venue for the 2003 Southeast Asia Games.

The soccer stadiums for the first Afro-Asian Games have been severely criticised by a leading official who said they were unfit to stage international events.

World Wrestling Federation Entertainment (WWF) reduced a bonus for its chairman Vincent McMahon in fiscal 2001 by 30 percent.

The Premiership, the new sports channel that made its debut on UK terrestrial network ITV on Saturday night at the prime time of 7pm, lost its first weekend’s ratings battle with the BBC