Sweden

Lennart Johansson, president of European soccer’s ruling body UEFA said today he has “reason to believe that we will be satisfied” by an audit into the finances of world body FIFA, following the collapse of its marketing partner ISL/ISMM.

UEFA president Lennart Johansson is to stand for a fourth term as president of European soccer’s governing body, as the war of words between UEFA and FIFA seems to have reached a cease fire.

Anshutz Sports & Entertainment Group (AEG), the owners of the National Hockey League team the Los Angeles Kings and Major League Soccer club LA Galaxy, will invest in two Swedish clubs to expand its sporting assets outside the US.

A three-year agreement between the International Ice Hockey Federation (IIHF) and the NHL over compensation payments for players leaving IIHF-federations to find their fortune in the big money US league, is on the verge of being ratified.

European internet sports network Sportal has finalised a new round of funding for its operations, which the company envisages will see it through to profitability in early 2002.