News

FIFA intends to revamp the current transfer system by making clubs pay transfer fees equivalent to the wages still left to be paid on a players contract, according to a report in UK newspaper, The Observer.
Business

The Asian Soccer Confederation (AFC) grudgingly accepted a playoff format for an added berth in the 2002 World Cup on Saturday, but remained at odds with FIFA, the sports world governing body.
Media

The Miller Freeman Sports Group, publishers of SGB, the sports retail sector newsletter, has set-up the first web magazine covering the emerging world of sports e-commerce.
Business

The overwhelming majority of European Formula 1 fans back the introduction of US sponsors for the leading teams.

World soccer's governing body hopes that the FIFA Club World Championship will become a regular feature after next year's inaugural tournament, a FIFA spokesman said.
Business

NBC Sports and Triple Crown Productions (TCP) have agreed to a multi-year contract, giving the network the exclusive American broadcast rights to thoroughbred horse racing's Visa Triple Crown - the Kentucky Derby, the Preakness Stakes and the Belmont Stakes. The agreement goes into effect in 2001 and continues for five years through 2005.

The Squash Rackets Association has announced this year?s British Open Squash Championship ? the oldest in the sport ? will be held in Scotland for the first time.
Sponsorship & Marketing

The England national cricket team may have slumped to an embarassingly early exit at this year?s Cricket World Cup, but the tournament has helped raise the profile of the sport in the UK, according to recent research.

English Premier League soccer club Manchester United has signed a new deal with UK retailer Debenhams to sell replica shirts and merchandise in its outlets.
Business

Manchester United has suffered lower than expected take up for its subscription television channel MUTV in the UK and has withdrawn the cable version of the supporters' channel.
Business

Phone company NETnet has signed a new sponsorship deal with the English Basketball Association (EBBA).
Media

Britain's commercial network, ITV has struck a deal to continue showing Formula One motor races until 2005.

Plans by the NHL to open 100 licensed ice rinks across the States have run into trouble after its first site failed to pull in the anticipated numbers.
Business

The National Bank of New Zealand has been named as the new sponsor for home international and one-day cricket series for the next five years, New Zealand Cricket has announced.
Stadia

The New York Giants and New York Jets are to ditch their artificial surfaces at the Giants Stadium and play on real grass.
Stadia

The Welsh Rugby Union has suspended its ticket manager and his assistant.
Media

Global Sports, the e-commerce company that operates under exclusive long-term agreements the Internet businesses of leading sporting goods retailers, including The Sports Authority, The Athlete's Foot, Sport Chalet, MC Sports, and Sports & Recreation, has signed a marketing agreement with Yahoo! the global Internet media company.
Business

The Spanish Supreme Court has ruled in favour of a small sporting-goods distributor Cidesport, which claimed Spanish rights to the Nike name that has been registered in Spain since 1932.
Stadia

As the Rugby World Cup kicks-off, World Cup chairman Leo Williams has publicly blasted the Welsh Rugby Union.
Business

The British government is expected to announce a cash injection of up to #100 million ($164.6m) for grassroots soccer, funded in part by a windfall tax on Premier League TV revenues.