Latin America

Germany has abandoned preparations to compete in yachting's most prestigious trophy, the America's Cup, next year due to a lack of sponsorship.

FIFA's internal ad hoc audit committee, set up to look into FIFA finances, must present its results no later than April 30 - less than a month before the FIFA presidential elections in Seoul.

Opponents of FIFA president Sepp Blatter scored what could prove to be a significant victory when their wish to set up an internal investigation of FIFA's finances was agreed at an extraordinary meeting of the executive committee.

The 2002 FIFA World Cup will be broadcast on a further two Mexican networks after rights agreements were reached with independent broadcaster CNI and media company Grupo Multimedios.

Tom Walkinshaw (pictured) has said a new Formula One team - rising from the purchased ashes of the failed Prost team - could be on the grid at the end of this month.

Financially-stricken Argentina has finally secured a TV rights deal for the 2002 World Cup following months of negotiations.

Formula One could have 12 teams by April, following the sale of the failed Prost Grand Prix concern to mystery buyers backed by Arrows boss Tom Walkinshaw.

India's state-owned Doordarshan television network has won exclusive rights to broadcast within the country the hockey World Cup starting in Kuala Lumpur on Sunday with a bid exceeding $1m.

Costa Rica has hit a $1m (EUR1.1m) cash bonus from its marketing partner after qualifying for soccer's World Cup.

When FIFA confirmed to the world that it had finalised the terms of its new international transfer rules in Buenos Aires on July 5, 2001, everyone in football waited with baited breath until the rules were released on September 9.

UK free-to-air broadcasters the BBC and ITV have unveiled their World Cup schedule, for which the two networks hold the TV rights, with the BBC taking live coverage of two of England's three opening round matches.

South Korea's sole sports lottery operator gave internet-savvy Koreans their first chance to bet on soccer online today and it expects growing interest as the World Cup finals approach.

CART has reported a $3.3million (EUR3.8m) fourth quarter loss - and reported a year-end loss of $950,000 (EUR1m) for 2001.

The Libertadores Cup holders Colo Colo have been declared bankrupt after the Chilean courts concluded that the team is unable to pay back part of a $400,000 (EUR458,000) bill.

UEFA president Lennart Johansson has increased the pressure on FIFA president Sepp Blatter to authorise an internal investigation of FIFA's books or face an extraordinary meeting of FIFA's Executive Committee.

The crisis in Argentina has prompted the South American Soccer Federation (CSF) to reduce payments to clubs taking part in the Libertadores Cup.