Americas
Sponsorship & Marketing

The Prost Formula One team, run by the French four-times world champion Alain Prost, has appointed Credit Suisse First Boston to arrange its sale for about #45m. According to reports, potential buyers include Hidden Creek, a US private equity company, and Vector Motor Sports, a Canadian motor racing concern.
Media

Foreign security forces accompanying athletes to the Sydney Olympics will not be allowed to carry guns to protect their delegations, according to Australian attorney-general Daryl Williams.
Business

Foxsports.com will provide a live webcast of the CaliFlorida Bowl I (July 22), featuring the top high school football graduates from California and Florida.
Business

Texaco has been named an "Official Sponsor" of the U.S. Soccer Federation (USSF), the national governing body for amateur soccer in the United States, and the U.S. Soccer National Teams.
Business

Russians have commemorated the 20th anniversary of the opening of the 1980 Moscow Olympics, seen in the country as an unqualified success despite a debilitating boycott by Western countries.
Business

USA Swimming's Board of Directors have voted 15-6 to lift a ban on full bodysuits for the 2000 U.S. Olympic Team Trials for Swimming.
Media

The US House of Representatives has turned down landmark legislation aimed at banning online gambling.

Isiah Thomas has paid off the $750,000 he owed team owners in the Continental Basketball Association, clearing the way for the Hall of Famer to be hired as coach of the Indiana Pacers.

IAAF president Lamine Diack said Tuesday there are "serious possibilities" that track and field's 2002 world cup could be held in the United States.

Negotiations broke down between federal prosecutors, investigating the Salt Lake City Olympics scandal, and two former bid leaders after attorneys rejected a deal that could have sent their clients to prison, according to a published report .
Business

Visa USA has named the line-up of consumer and new merchant partners to support the sixth consecutive year of its NFL sponsorship.
Business

Govenor Paul Cellucci and Mayor Thomas M. Menino have finally found common ground on several tax schemes for the funding of the new Red Sox ballpark, reports the Boston Herald.
Business

Scott Atherton has been named President and Chief Operating Officer of a new motorsports-based entity that will include many of the motorsports holdings of Don Panoz.
Events

Baseball owners will meet in New York tomorrow to receive the much-anticipated report from their latest economic study committee.
Sponsorship & Marketing

MSNBCSports.com, the internet home of NBC Sports, will launch its online sports fan store next Monday.
Business

The Television Corporation (TTC), the UK-based television production and distribution company, has signed a contract with APBA Offshore, the world?s largest powerboat organisation, to create the Ultracatz Global Challenge, a new Grand Prix powerboat race series.

The San Francisco 49ers have officially named Peter Harris as its new president and chief executive officer ? confirming widespread speculation.
Events

Baseball.TV has webcast the US? first graphically-enhanced play-by-play analysis of each All-Star Game pitcher's performance and batter's result online in real-time during the Major League Baseball All-Star Game in Atlanta.