Business

The ASEAN Football Federation has announced that Singapore and Indonesia will share the hosting rights for next year's Tiger Cup.

Organisers of the Indianapolis Championships want to bump the men's tournament up to Masters Series level - just one below Grand Slam status.

The Scottish Rugby Union has signed a £2m ($2.9m/B

South African terrestrial channel e.tv has secured the exclusive TV rights to the 2002 FIFA World Cup in South Korea and Japan.

Walt Disney-owned sports broadcaster ESPN has announced that it still expects its Asian subsidiary, ESPN Star Sports, to reach profitability within the next three years despite recording a financial downturn in its latest results.

Rage Software, the computer games company, said it hoped that a new David Beckham soccer game will boost sales this Christmas. The company said pre-tax losses for the year ending June 30 widened to £17million ($24.6m/B

Sportech, the UK-based holding company for gaming giant Littlewoods Leisure, has signed a sponsorship deal with ITV’s interactive soccer coverage for an undisclosed sum.

UK satellite channel SKY Sports has been awarded live rights to the US Open, the world's richest grand slam tennis event, for the next four years.

Shares in Premier League soccer club Leicester City rose sharply this morning after the club confirmed it had received a takeover offer from former director Gilbert Kinch. Shares in the club rose 6.5p to 55p in early trading, valuing the club at £20.9m ($29.4m).

The Indian government has denied the country's national cricket team permission to play a test match in Pakistan next month, according to local television reports.

The World Anti-Doping Agency will locate its permanent headquarters in Montreal, with the aim of improving the credibility and effectiveness of its war on the use of drugs in sports.

The organisers of the Athens 2004 Olympic Games have given the Greek national Olympic body, the Hellenic Olympic Committee $3million (B

Nasdaq-listed sporting goods e-commerce company Global Sports has provided guidance for the fourth quarter of 2001 and for the full year 2002 that is significantly better than the current average of analysts' expectations for those periods.

Soccer Australia has forged ahead with its decision to give its primary broadcaster the Seven Network a larger role in the running of the sport by announcing the appointment of senior executive Shane Wood to the Soccer Australia Board.

Unilever – which includes amongst its brands Flora, long-time sponsor of the London Marathon - has appointed the sponsorship strategy consultancy Redmandarin to lead the development of best practice sponsorship guidelines for use by all its regions and brands worldwide.

Shoxygen Sports Marketing, the interactive online marketing solutions company for advertisers and publishers, has announced that AllianceSports/Rivals.com, Swell.com, Snowboarding.com and Boarding.com will be joining its network of sports related websites.

The government reviews of England’s beleaguered Wembley Stadium and the national athletics stadium at Picketts Lock, both being assessed by former Prison Service director Patrick Carter, will not be available until this Friday and next week respectively.

The Pakistan Cricket Board (PCB) has asked the International Cricket Council (ICC) to "authoritatively" deal with India's refusal to play Pakistan in international cricket.

Heavyweight boxer Mike Tyson, who claims that a back injury forced him to pull out of his September 8 fight against Denmark’s Brian Nielson, is thought to be in talks with Don King about a new partnership.

CricInfo.com, the digital cricket information company, yesterday confirmed its billionth page view in 2001 – the first time that the site has passed this landmark in a calendar year.

German sportswear giant adidas will make significant strides by 2002, according to leading analysts at international investment bank Merrill Lynch.

Nike Golf has signed a deal with hotly-tipped golfer Bryce Molder.

Beer giant Foster’s has signed a new deal to sponsor Formula One’s Australian Grand Prix until 2006.

Swiss first division soccer club Sion have had seven points deducted as a penalty for failing to meet their licence obligations.