South America

Brazilian President Fernando Henrique Cardoso is ready to give Pele a new government post, local newspapers reported on Saturday.

UFA Sports has concluded a general marketing contract with the top Brazilian soccer club Vasco da Gama.

Boosted by an encouraging performance at Sunday's Belgian Grand Prix, Alain Prost is expected to announce plans to revive his flagging Formula One team this week.

Soccer's world governing body FIFA said "no sanctions were foreseen" against Brazil for pulling out of the race to host the 2006 World Cup at the 11th hour.

Fifa president Sepp Blatter has criticised Europe for fielding two competing World Cup 2006 bids and has offered encouraging words to the Brazilian bid team.

Organisers of the Brazilian Grand Prix risked having the race wiped from the 2001 calendar following the disruption in the qualifying sessions for this year's race, FIA president Max Mosley has said.

The Confederation of African Football (CAF) will support one of Africa's two bids for the 2006 World Cup finals after FIFA inspection visits to Morocco and South Africa.

In Argentina the privatisation of Racing soccer club was confirmed yesterday by the Camera de Apelaciones, the court of appeal in La Plata.

Tennis tournaments in the US and Brazil will continue this week despite Tuesday's terror attacks in New York and Washington.

Brazilian rights marketing company Traffic, who lobbied furiously to get the troubled Copa America in Colombia reinstated, are now demanding that Argentina are fined and excluded from the next tournament, to be held in Peru in 2003.

Beijing combined evocative images of ancient and modern China in its final bid for the 2008 Olympics on Friday just hours before the International Olympics Committee (IOC) votes on the host.

London stock exchange-listed 365 Corp has reported a loss of £16.9 million ($23.9m) for the year ended 31 March 2001, under-performing by nearly £5m ($7.1m) on consensus forecasts.

Chung Mong Joon, South Korean vice-president of soccer’s world governing body FIFA has urged its president Sepp Blatter to reveal all he knows about the financial collapse of its marketing agent ISL-ISMM.

The Colombian president Andres Pastrana is today meeting with the South American soccer confederation Conmebol to try to ensure his country remains host of Latin America’s premier international soccer competition the Copa America.

Colombia will host next month's Copa America as planned despite a recent spate of bombings there, according to South American Football Confederation (CSF) officials.

Figures released by national industry organisation Asociacion Brasilena de Telecomunicaciones por Suscripcion (ABTA) have shown that the number of pay-TV subscribers in Brazil rose by 3 percent in this year’s first quarter.

David Ginola is set for a legal fight with Aston Villa, claiming he was subjected to defamatory remarks about his physique.