News

Martin Turner, deputy chief executive & finance director of web site operator 365 Corps, has told sportbusiness.com that he is seeking profit for the company by the end the financial year ending March 2002.

Socialists on Madrid city council launched a stinging attack on Spanish soccer club Real Madrid's sale of their training ground La Ciudad Deportiva in yesterday's vote approving the move.

Gibraltar, obliged to play at last week's Sudirman Cup under the neutral flag of the International Badminton Federation (IBF), hit out at the federation's annual general meeting on Sunday.

Jaguar chief Bobby Rahal has threatened to sue McLaren after failing to secure the services of his Formula One rivals' technical director Adrian Newey, according to UK newspaper reports this Sunday.

English Premier League soccer club Leeds United are to go ahead with plans to build a new, multi-million pound stadium after shareholders and season-ticket holders voted overwhelmingly in favour of the scheme.

The Indian cricket team have secured a record sponsorship contract for the next three years. The deal with the Sahara Group - which has interests in airlines and media - will guarantee the Indian cricket board 690m ($14.7m) to 720m ($15.3m) rupees.

International sports management firm IMG is set to bid for the marketing rights to India's fast-growing professional golf circuit which recently lost its main patron after a federal move to ban tobacco sponsorship in sport.

Lawrence Wong, the chief executive of the Hong Kong Jockey Club, has called for betting duty to be scrapped in what he regards would be the “ultimate solution” to the severe competition coming from on-line gambling sites.

Sport featured strongly with US television audiences last month, making up 16 of the top 20 shows broadcast on US cable channels in May.

Australia will reduce their National Soccer League (NSL) from 16 clubs to 12 next season, Soccer Australia (SA) announced on Monday.

Betting duty could come back to the UK, just three months after the chancellor Gordon Brown said he would get rid of the nine per cent tax on gamblers to encourage bookmakers to close their tax-free betting operations overseas.

Gaming Insight, the parent company of Gobarkingmad, the live 24-hour greyhound racing digital television channel where punters can see a race every five to eight minutes, has signed a five-year deal with betting company Victor Chandler to provide 140,000 Chandler account holders with a direct link to www.gobarkingmad.com.

Juan Antonio Samaranch today crushed any hope of Israel staging an Olympic Games "as long as there is war".

Memphis authorities have reached tentative agreement with the owners of the Vancouver Grizzles on conditions that would allow the pro basketball team to use a new arena there.

Kate Hoey, the UK’s sports minister, has denied reports that the department of culture, media and sport (DCMS) is to be broken up after Britain’s general election on Thursday.

The 26-year-old Louisiana Superdome may be re-named after the state proposed negotiating a naming-rights agreement with a yet-to-be-determined entity.