Business

Financially troubled UK pay-TV platform ITV Digital has dramatically withdrawn its revised TV rights offer to the Football League, increasing the likelihood that the dispute will head to the courts.

Newly promoted English soccer club Manchester City has signed a lucrative shirt sponsorship deal - a significant financial boost as they return to the English Premier League.

Glamorgan County Cricket Club has announced a new three-year sponsorship renewal agreement with Coca-Cola owned soft drinks brand Powerade.

The long-standing war of words between the British Horseracing Board (BHB) and the leading bookmakers in the UK was finally resolved after the two parties agreed to new arrangements to replace the annual Levy.

English county cricket club Surrey has signed a new sponsorship agreement for the 2002 season.

Fast-food chain McDonald's has become the second company, after Carlsberg, to sponsor UEFA's Euro 2004 soccer championships in Portugal.

The G14 group of Europe's richest clubs has been told by the EU that its smaller rivals must be considered if changes are made to how revenue is distributed among national leagues.

Digital sports company Rivals Digital Media has become the online World Cup media partner for the English Football Association and Nationwide League.

Sports brand marketer South African Investments Limited (SAIL) has posted a net profit of 12.25million ($1.09m/EUR1.23m) in the company's annual results to December 31, 2001.

US software giant Oracle has signed as title sponsor of the third US Track and Field Open competition to be staged this June.

The decision on whether the 2003 Rugby World Cup will be hosted by Australia or co-hosted by Australia and New Zealand has been delayed until tomorrow when the International Rugby Board announces its preferred choice after a council meeting in Dublin.

Upcoming British golfer Michael Hoey has marked turning professional by signing a deal with IMG.

NFL team the Buffalo Bills has signed a multi-year ticketing deal with Tickets.com.

English county cricket club Kent has signed a new three-year sponsorship deal with local brewers Shepherd Neame.

The 100-day countdown to the Commonwealth Games started in earnest today with private healthcare group BUPA announcing it is to become the ninth official sponsor of the event which takes place in Manchester between July 25 and August 4.

Soccer governing body FIFA has released details of the stadiums to be used for the World Cup in 2006 when the event will be hosted by Germany.

UK-listed track owner Arena Leisure says it is extremely positive for the new financial year despite posting a full-year loss in 2001.

A number of Premier League shirt sponsorships are up for renewal in the close season - but are clubs doing enough to safeguard the sponsor's investment?