News

Octagon UK and ocean racing company Clipper Ventures have signed a commercial agreement for Clipper Ventures’ around-the-world yacht race for elite, solo sailors known as “Around Alone”.

Sportswear giant Nike has reported a one percent drop in first quarter earnings – yet still recorded revenues of $2.6bn (B

GTC Transcontinental Group plans to sell its publications The Hockey News and Hockey Business News as it shifts its publishing focus away from sports, according to a leaked internal memo.

CART CEO Joseph Heitzler has told sportbusiness.com his organisation is still ‘vigorously’ pursuing a massive multi-million dollar lawsuit against bankrupt marketing firm ISL – and is on the verge of recruiting a new vice-president to head its new internal marketing department.

Insurance brand Norwich Union has renewed its title sponsorship of domestic athletics events in the UK in a new deal worth £20million ($29.29m/B

International Olympic Committee president Jacques Rogge has dismissed claims New York should be automatically handed the 2012 Olympic Games in the wake of the suicide plane attacks in America.

IOC president Jacques Rogge has dismissed claims New York should be automatically handed the 2012 Olympic Games in the wake of the suicide plane attacks in America.

Two of the prime backers in YankeesNet - the soon-to-be-launched regional TV network for the New York baseball franchise - have reportedly pulled their combined $170million (B

The Dallas Cowboys, one of the world’s most successful sporting franchises, is proposing to sell exclusive rights to four sections of their 30-year-old Texas Stadium rather than slap a corporate name on it.

FIFA, the soccer world’s governing body, has confirmed an afternoon kick-off time for England and Germany's final World Cup qualifying games on October 6.

The International Olympic Committee (IOC) is to introduce women’s wrestling at the 2004 Olympic Games in Athens but it told boxing to axe one of its weight divisions.

The International Olympic Committee (IOC) is to introduce women’s wrestling at the 2004 Olympic Games in Athens but it told boxing to axe one of its weight divisions.

The future of English soccer club Queens Park Rangers could be resolved in the next three weeks after a consortium had an £8.5million ($12.45m, C)13.43m) bid accepted.

Timo Lumme, the former general manager at the now defunct Quokka Sports, has taken up the post of vice president of Europe, Africa and the Middle East at ESPN International.

Denis O’Brien, the millionaire Irish businessman, has raised his offer to buy PGA European Tour Courses PLC, a golf course operator, by three million pounds to £35m ($51m/B

PlayStation has become the second official sponsor after sports photo supplier Allsport of Footballranking.com, the worlds largest independent fan ranking site.

Multipole International has picked up the contract to market the television rights in the US and Latin America for this year’s Italian Cup.

UK satellite network Sky Sports has attracted 170,000 subscribers to its season ticket proposition within the first week of sales as well as securing a lucrative title sponsor.

UEFA will discuss changes to the UEFA Cup competition in a bid to boost the event’s poor image when compared with the Champions League.

Wembley and Birmingham are the last two contenders to become the official site for a new national stadium in the UK, according to a government report to be released in the next few days.