MENA

The UK's leading Formula One teams are planning to take control of Formula One in a bid to bring back lost sponsors and keep fans interested in the sport.

The UK's leading Formula One teams are planning to take control of Formula One in a bid to bring back lost sponsors and keep fans interested in the sport.

Jeff Chapman, the former majority shareholder in the bankrupt Sportsworld Media plc, has told sportbusiness.com that it is "unlikely" he will buy any of the UK assets or businesses of the company.

Sportsworld Media, placed in administration on March 27 when it failed to find a buyer after its debt facility expired, has sold two of the firm's international operations to the company's original owner, Australian entrepreneur Jeff Chapman.

FIFA presidential candidate Issa Hayatou failed to appear at leading football event Soccerex this morning - pulling out of his planned keynote speech at the last minute.

Soccerex president Tony Martin has told delegates at the international conference in Dubai: "We have political mayhem at the very top of our game."

FIFA president Sepp Blatter has won a gagging order to prevent the president of the Somalian Football Association, Farah Addo, spreading bribery accusations.

FIFA president Sepp Blatter will deliver a keynote address today on day one of Soccerex in Dubai.

Formula One team Jordan is set to lay off 40 staff at its Silverstone headquarters.

Japanese engine supplier Honda is believed to be on the verge of cancelling its deal with Formula One team Jordan, according to reports.

The Football Association (FA) has boosted its sponsorship coffers further after signing a two-year deal with British Airways.

London law firm Fladgate Fielder has created a dedicated sports, media and technology Group (SMT).

A consultancy working on a business improvement programme with a leading Formula One team has proclaimed the work a success as it reaches the halfway point.

Nasdaq-listed virtual imaging company Princeton Video Image has closed its acquisition of the assets of the Israel-based SciDel Technologies.

Eddie Jordan has given the thumbs up to radical changest proposed for Formula One.

South Korea's Cheju island, one of the venues for this summer's World Cup venue, wants to host Mike Tyson's heavyweight showdown with world champion Lennox Lewis.

The FIFA executive committee member accused of being involved in a bribery scandal surrounding the 1998 election of Sepp Blatter as president has angrily denied he was involved.

US-based virtual imaging company Princeton Video Image (PVI) is set to acquire the assets of its Israel-based rival SciDel Technologies.