Scottish Premiership club Celtic has unveiled a pre-tax loss for the full year of 5.9 million pounds ($8.85 million) and pointed the finger at poor performance on the pitch.

German fund management company The Union Investment group has launched the countries first sports equity product. UniSport50Plus, launched on April 1 1998, is aimed at capital investors interested in sport.

Scottish Premier League soccer clubs Rangers and Celtic have signed a deal to broadcast games in Europe on pay-per-view television in the UK.

A Belgian court will rule on whether the system of transfer fees for soccer players violates European Union rules, in a case reminiscent of a dispute over Brazilian striker Ronaldo's move to Inter Milan in 1997.

Germany's top television channel, RTL has bought the coveted free-to-air rights to Champions League soccer from September for the next three seasons.

Racing tycoon Bernie Ecclestone's efforts to raise $2.0 billion with a controversial bond have received a fresh setback as bankers said the London Stock Exchange (LSE) was so far reluctant to list the security.

The Football Association chairman Geoff Thompson is standing for election to UEFA?s executive committee, which currently has no English representation.

South African sports brand marketing company SAIL has notified the JSE Securities Exchange South Africa and the Luxembourg Stock Exchange of discussions with the West Indies Cricket Board (WICB) to form a commercial partnership in line with SAIL?s strategy of expanding into international sports brands.

Europe's top court has ruled that transfer deadlines preventing sportsmen switching clubs mid-season may be allowed under certain circumstances, despite breaking principles of free movement for workers.

Reigning Scottish Premiership soccer champions Celtic are offering overseas fans the opportunity to watch the club's pre-season warm-up matches through a video-on-demand webcast.
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In a landmark judgment, Europe's top court has ruled that national sports federations have the right to set limits on the number of sportsmen and women who compete at international level.

Only clubs which can prove they are financially stable and soundly managed will be allowed to compete in fixtures organised by UEFA from the 2003-04 season, European soccer's governing body has announced.

On the day that News Corps and Vivendi have proposed a joint shareholding of their digital businesses, European media big-hitters Bertelsmann, Groupe Bruxelles Lambert and Pearson (PTV) have agreed to merge CLT-UFA, Europe's leading commercial television and radio broadcaster, with Pearson Television, the independent television production company.

French media giant Vivendi may yet pull out of its bid to take control of troubled Swiss marketing giant ISL.

The European Broadcasting Union (EBU) has named Frenchman Jean Stock to succeed Jean-Bernard Munch as chief executive.

The European Broadcasting Union has appointed Jean Stock, president and CEO of TV5 and Canal France International, as its new secretary general.

Talks between Canal Plus and RTL over the merging of the two companies? sports rights units are ?ardently, to be concluded as soon as possible,? according to Canal Plus CEO Pierrre Lescure.

Soccer's international players' union FIFpro are likely to take the European Commission to court over new rules governing soccer transfers, saying they infringe players' rights and break European law.

Europe's biggest media group Bertelsmann AG has opened the way for a possible stock market listing through a share swap deal to take control of Europe's largest television group RTL, the Luxembourg-based owners of Munich-based sports marketing group, UFA Sports.

International media magnate Rupert Murdoch has agreed to sell the German television rights to European Champions' League soccer for the next three seasons, the Sueddeutsche Zeitung newspaper has reported..

The European Union's Health Commissioner David Byrne has said he planned fresh proposals to crack down on smoking in the wake of a court ruling which overturned EU legislation banning tobacco advertising.

UEFA?s executive committee will stage its first meeting of the new century at UEFA's new headquarters, the House of European Football, in Nyon on February 11.

The European Union's highest court will rule on Thursday whether to strike down the bloc's legislation to bring in a ban on tobacco advertising.

Celtic?s UEFA Cup match against AS La Jeunesse D?Esch from Luxembourg will be webcast live on Celtic?s official site,