Austria
FKG SELL SHARES IN F1 TEAM
The Liechtenstein-based Fritz Kaiser Group (FKG) has sold its 24.5 per cent equity stake in Formula One?s Red Bull Sauber Holding Ltd for an undisclosed price to the remaining shareholders Peter Sauber and Red Bull Trading of Austria.
THREE BIDS TO STAGE 2004 EUROPEAN CHAMPIONSHIP
UEFA has said it expects three candidates to submit bids to host the 2004 European championship.
CSI ACQUIRES NEW TELEVISION RIGHTS
International television rights company CSI Ltd has recently acquired the exclusive television rights for home matches of the English football clubs in the UEFA Cup and the European Pro Beach Soccer League.
SOCCER CLUB BANNED FROM EUROPEAN COMPETITION AFTER PROSTITUTE CLAIMS
Romanian soccer club Ceahlaul Piatra Neamt have been banned from European competitions for five years by UEFA, after allegations that prostitutes were offered to match officials in charge of an Intertoto Cup game in July.