SportBusiness Staff

A former senior 2004 Athens Games official has accused the organising committee (ATHOC) of cultivating "virtual reality instead of substance and essence" and its president Gianna Angelopoulos of inertia.

Deutsche Bank AG has declined to comment on media reports that one of the investment funds it manages had taken a big paper loss on a stake in ailing German media company EM.TV AG .

The disciplinary hearing into a positive drug test given by Springbok prop Cobus Visagie has been extended into a third day.

Just over 5 million CSS Stellar shares have been placed on the Alternative Investment Market at an issue price of 180p-a-share.

Austrian and Swiss soccer federation officials met in Vienna on Tuesday to discuss a possible joint bid to hold the 2008 European championship finals.

Premier Rugby, the marketing and commercial arm of English First Division Rugby, has signed a #1 million ($1.45m) three-year deal with Sportscard, the rewards-based credit card designed specifically for sports fans.

Manchester United chief executive Peter Kenyon on Tuesday urged European officials not to drag their feet over new rules governing player transfers because uncertainty threatened to damage the game.

Southern hemisphere rugby officials want the leading European and British nations to switch their playing seasons from winter to summer to reduce player burnout.

Los Angeles has made a bid to host the summer Olympic Games for an unprecedented third time, saying it had the finance, facilities and experience that would allow Olympic officials to "sleep at night."

Member federations of the International Olympic Committee(IOC) have been commenting on the issues raised by the IOC World Conference on Sports and New Media in Lausanne, Switzerland.