Media

Kirch Gruppe is expected to secure an extension to its EUR460million ($409m) loan, following talks with Dresdner Bank.

The National Basketball Association (NBA) is reported to be considering an investment in a cable television channel, possibly AOL Time Warner’s CNN-SI sports channel.

English broadcasters the BBC and ITV could face difficult negotiations in trying to reach a deal over transmission of England’s 2002 World Cup matches, according to reports.

The 2002 British Grand Prix at Silverstone will go ahead, the FIA has confirmed.

Supermarket giant Tesco is in talks with the Football Association in the UK about a possible partnership worth £10m ($14.5m/EUR16.1m).

Nicole Morris, managing director of Formula1.com, has reiterated the right of her company to use the F1 brand name.

Vivendi Universal has announced it is to proceed with the sale of its $41.5billion (EUR46.1bn) stake in pay-TV group BSkyB.

NTL, the UK's largest cable operator, is wasting its money sponsoring a string of football clubs, according to Chris Reed, marketing director at Rivals.net.

Juventus has confirmed details of its 12-year deal with Nike which kicks off in July, 2003.

Germany’s Krombacher Brewery is to become a major sponsor of luge, following the announcement of a three-year deal with KirchSport AG.

NTL, Britain's largest cable television network which has a financial interest in Premier League clubs Leicester City, Newcastle United, Aston Villa and Middlesborough, has amounted debts of £14billion ($20bn/EUR23bn).

BSkyB is preparing to write off the company's GBP1.1billion (USD1.6bn/EUR1.8bn) stake in German media giant Kirch, according to reports.

The Premier League has rejected proposals of a two-tier 'Phoenix League' which would see Scottish clubs Celtic and Rangers join the English top-flight.

Italy's state-owned broadcaster RAI has finally bought the television rights to next year's World Cup from German media giant Kirch.

Manchester-based sports marketing agency World Sports Solutions Ltd (WSS) has signed a global merchandising and brand licensing agreement with Premier league high-flyers Leeds United.

The FA Premier League has hired sponsorship evaluation company Connexus PreciSion as its official research consultants.

The British Touring Car Championship (BTCC) has announced a two-year broadcast deal with UK broadcaster Granada Sport.

Ascot Racecourse is to become a limited company for the first time in its history to help raise GBP100million (USD144m/EUR161m) for new facilities at the home of the Royal Ascot race.