MENA

UK-based motorsports marketer, the Podia Group, has reached a conditional agreement to acquire certain Formula One apparel licensing and merchandising agreements belonging to US-based Action Performance Companies (API).

In the face of fears over an economic crisis for the sport, a clutch of Formula One teams have bought equal shares in GPT, a private company that will look to exploit sales of team merchandise more efficiently.

Williams, the England-based Formula One team, reported a profit for the year of £10.2m ($14.8m/B

Honda has said it will stop supplying engines for the CART motor racing series at the end of the 2002 season.

Formula One is not recession-proof and the big and successful teams need to help the smaller ones to survive the coming crisis, team owner Eddie Jordan (pictured) has warned.

Potential All Black players have been given until next week to advise whether they are available to tour Ireland, Scotland and Argentina because of security fears stemming from the US-led military strikes on Afghanistan.

Formula One team Jordan is relaunching its website in a bid to provide sponsors, media and fans with more information during the racing off-season.

South Korea's top police officer vowed on Tuesday to keep terrorists and soccer hooligans away from the 2002 World Cup and said American and other missions were receiving extra protection amid US-led attacks on Afghanistan.

As predicted by sportbusiness.com last week, US broadcaster NBC has restructured its schedule to show live coverage of Michael Jordan's return to the NBA.

The return of Michael Jordan to the NBA is set to prompt a re-arrangement of televised games.

English soccer club Crystal Palace is trying to establish a partnership with Walt Disney World to become the entertainment giant's official football club.

Michael Jordan has been showing the youngsters how it is done in Washington Wizard workouts, but the 38-year-old team president is holding off on a decision about returning to the court for the NBA team.

Japanese advertising giants Dentsu has obtained the exclusive marketing rights for the fourteenth Asian Games in Busan (Pusan), Korea.

Eisa Al Dashti of Kuwait has withdrawn from the elections for the IAAF president and vice-president in Edmonton on August 1.

United Arab Emirates cricket authorities demanded yesterday that all of their team's matches in the ICC Trophy be replayed because two of their top players were refused entry into Canada.

No sooner had the Boston Globe reported that Michael Jordan's National Basketball Association comeback could begin on July 16 at an NBA summer camp, than NBC television doused the news with their own report of a Jordan denial.

The Philadelphia 76ers’ surprise victory over the Los Angeles Lakers in the first game of the NBA Finals boosted US broadcaster NBC’s previously flagging coverage of the sport. The tie last Wednesday night averaged 18.6 million viewers, according to Nielsen Media Research.

Action and free sports broadcaster Extreme International has reported a 75 percent increase in sales for the eight months prior to September of this year.