Spain

Real Madrid has completed the sale of its Ciudad Deportiva training ground to the city council for a reported $400m, instantly wiping its debts, estimated at $245m.

The World Championship 2003 Executive Council is to inform the International Ice-Hockey Federation (IIHF) board of problems surrounding the planned construction of an arena in Hagibor in Prague, which is to host the 2003 world ice-hockey championship.

Real Mallorca's Argentine midfielder Ariel Ibagaza is taking the Spanish Football Federation and his club to court in an attempt to gain the same status as European Union players.

FIFA president Sepp Blatter is confident of reaching agreement over a new transfer system acceptable to the European Union, despite reports of a rift with UEFA.

Twelve major clubs from six of Europe's smaller nations have met with UEFA, to voice their concerns about the growing gap between soccer's rich and poor and discuss proposals for a new "Euro League".

Romanian international soccer player Cosmin Contra has said he is to follow the lead of Valery Karpin and seek the playing status of a European Union national.

The NFL is offering European television stations free access to game highlights with a new Sunday-night highlights service.

Universal McCann Event, McCann Erickson?s sports marketing department in Paris, has brokered a partnership agreement between Federation Aeronautique Internationale (FAI), the world governing body for air sports, and Discovery Wings Channel, the North American channel for air sports enthusiasts.

The Olympic Games have become too big to be hosted by less developed nations and must be scaled back, says senior International Olympic Committee (IOC) official Jacques Rogge.

The newly-elected presidents of Real Madrid and Barcelona have met in an attempt to cool the bitter feud between the two giants of Spanish soccer.

ESPN Atlantic is to cover a summer soccer series involving teams from the Italian Spanish and Swedish leagues.

Florentino Perez is set to be named the new president of Real Madrid, according to exit polls and early results from the club's election.

UEFA says it considering cutting the number of games in its Champions League competition after criticism of last season?s expanded format.

Asian club football is set for a complete overhaul within the next 12 months with the establishment of what will effectively be a super-league.

Adidas-Salomon has assumed full control of its subsidiary in Portugal. Following the acquisition of the entire 49% stake previously held by Portuguese investors, Adidas-Salomon now has a 100% shareholding in Adidas Portugal, which has been transformed into a stock corporation.

Teamtalk.com, the soccer Internet company, is planning to raise #60m ($97m) through a placing of new ordinary shares.

Sport Entertainment & Media, the UK-based company which represents Premier League soccer players, had the likes of Emmanuel Petit and Lennox Lewis for helping it triple profits this year.

This season's secondary European club rugby competition has been launched with a new name, the European Shield rebranded as the Parker Pen Shield.