Business

International Speedway Corporation has reported a revenue increase in its first quarter results ended February 29, 2000.

The ATP Tour and International Tennis Federation have formally announced their new marketing strategy for 2000 and beyond.

European Rugby Cup Limited (ERC) and ISL Worldwide have mutually agreed to end their relationship with regard to the European Cup and European Shield competitions.

Sportvision, Inc., the leading sports media convergence company, has formed an advisory council to be chaired by San Francisco 49ers head coach Steve Mariucci.

Manchester United?s future Internet strategy could see the website and multimedia division ran as a separate company, according to finance director David Gill. Speaking after the announcement of the plc?s interim results, Gill said that the club would inform investors of its Internet strategy in ?due course?, possibly when the full results are announced in October.

The South African Revenue Services have raided the offices of the Premier Soccer League to recover about R6,5 million in tax revenue owed by clubs, according to local press reports. They say most of the 18 clubs had not submitted income tax returns since their monthly grants of R100,000 were doubled this season. The Revenue Service have told the league management to withhold grants until all their arrears are paid.

German media production company EM.TV Merchandising AG has confirmed it has agreed to acquire a 50 percent stake in Formula One Motor Racing for $712.5 million.

Championship Auto Racing Teams has entered into a three-year agreement with fuel supplier elf Race Fuels and its exclusive agent in the U.S. and Mexico, Competition Fuels, Inc. to become the Official Fuel Supplier for the FedEx Championship Series.

Formula One supremo Bernie Ecclestone has won #7.5m ($11.75 million) after a UK court ruled his firm was entitled to keep a payment for a Korean Grand Prix which never got off the grid.

The New York-New Jersey MetroStars have named Nick Sakiewicz general manager to replace Charlie Stillitano, who had an unsuccessful four-year reign in charge of the Major League Soccer club.

English Premier League club Arsenal looks set to be the next British football club in line to join forces with a media company, according to British newspaper reports.

Several private equity firms are looking into the possibility of competing for Premier League broadcast rights, according to the UK's Sunday Business newspaper.

Motor company Hyundai has appointed Octagon Marketing to handle its Euro 2000 sponsorship campaigns.

The International Fencing Federation (FIE) says it has scrapped plans to use new wire-less technology in epee events at the Sydney Olympics.

Firestone has signed a sponsorship deal with CART to become the official tyre of the motorsport.

iCraveTV.com Inc. this week broadcast two National Football League playoff games, the second-highest rated football program after the Superbowl, despite a landmark lawsuit launched against the upstart web company last week by US TV and movie heavyweights, including the NFL.