Business

FIFA's internal ad hoc audit committee, set up to look into FIFA finances, must present its results no later than April 30 - less than a month before the FIFA presidential elections in Seoul.

Cable & Wireless has pulled the plug on its sponsorship of the GSE Racing team competing in the 2002 Superbike World Championship.

Yugoslav and Serbian officials were celebrating on Sunday following the International Basketball Federation's (FIBA's) decision that Yugoslavia should host the 2005 European men's championship finals.

The Cruising Yacht Club of Australia has finally secured a naming rights sponsor for Australia's most famous ocean race, the Australian Associated Press confirmed today.

Germany will host the Confederations Cup in 2005 as a dress rehearsal before staging the World Cup finals the following year, the German Football Association (DFB) said yesterday.

The head of the International Rugby Board broke an agreement which would have allowed New Zealand to co-host next year's World Rugby Cup, media reported this morning.

On the eve of a new season, US motor racing franchise CART has made its financial predictions regarding revenues from its various television interests.

Premier League pretenders Leeds United Plc has reported a 13.8million ($19.6m/EUR22.3m) loss in its interim results to December 31, 2001.

German soccer club Bayern Munich has officially confirmed a new sponsorship deal with telecom giant Deutsche Telekom - on the same day adidas confirmed the price it would pay for a ten percent stake in the club.

The dispute between Australia and New Zealand over the co-hosting of the 2003 Rugby World Cup has led to the former nation withdrawing its offer to share the staging of the competition.

Opponents of FIFA president Sepp Blatter scored what could prove to be a significant victory when their wish to set up an internal investigation of FIFA's finances was agreed at an extraordinary meeting of the executive committee.

The Scottish Premier League (SPL) has secured substantial funding for its proposed TV channel, according to recent reports.

Paolo Flammini, the boss of the World Superbike Championships (WSBK) has told sportbusiness.com that a merger between the two motorcycle series, WSBK and MotoGP, would be a huge loss to the sport.

FIFA president Sepp Blatter says he expects today's meeting of the FIFA Executive Committee to ratify the Finance Committee's endorsement of KPMG's audit of the governing body's finances.

UK sports and entertainment group CSS Stellar has reported a 75 percent turnover rise in its un-audited preliminary results for the year ended December 31, 2001.

Sponsors of boxing have been granted a new space to display their company name - on the boxers themselves, after endorsement tattoos were given legal approval.