Business

Formula One is successfully adapting to the worldwide ban on tobacco sponsorship due to be imposed in 2006, according to Tim Moufarrige (pictured), president of sales at Octagon.

Augusta National, the organisers of the prestigious Masters golf tournament has announced that an age limit of 65 will apply to past winners of the US Masters competing in the tournament.

The Sanex WTA tour has criticised the organisers of Wimbledon for not awarding equal prize money for men and women at this year's championships.

The business and assets of the insolvent ITV Digital terrestrial platform were put up for sale yesterday after administrators were unable to secure financial backing to keep the service afloat.

The Asian Football Confederation (AFC) says its FIFA presidential vote will go to the candidate who most serves the interest of Asia soccer.

The Lawn Tennis Association (LTA) has signed a multi-million dollar sponsorship deal with consumer giant Proctor & Gamble.

UK-based sports lawyer, Ian Blackshaw, has been appointed to the Court of Arbitration for Sport (CAS) in Lausanne, Switzerland.

CART's latest financial figures have revealed another worrying drop in revenues - but new CEO Chris Pook says he remains up-beat and that all is going to plan.

Fulham FC, the English Premier League soccer club owned by Mohamed Al Fayed, has recorded the biggest one-year financial loss in British football history.

Formula One team Jordan is set to lay off 40 staff at its Silverstone headquarters.

According to media reports a number of UK broadcasters are mulling over a consortium bid to buy beleaguered pay-TV platform ITV Digital.

Tele Muenchen Group Chief Executive Officer Herbert Kloiber is interested in buying KirchMedia's rights to Germany's Bundesliga soccer games if the insolvent unit is forced to offload them.

The second day of the SportBusiness 2002 conference gets underway this morning with the affect of the recession on sponsorship and the impact of technology on sport among the issues set for discussion.

Publicly-listed football clubs should run their businesses without government intervention and with their shareholders' interests in mind, according to Chad Lion-Cachet (pictured), managing director of Marsh Sports Practice.

UK government minister Tessa Jowell has officially opened the SportBusiness 2002 conference - and pledged support to English soccer clubs suffering in the aftermath of ITV Digital's slip into administration.

The Football League clubs face a cash crisis after ITV Digital was officially put up for sale last night by its administrators.