Events

A group of investors led by golf great Arnold Palmer, film star Clint Eastwood and former baseball commissioner Peter Ueberroth is close to a deal to buy the famed Pebble Beach golf resort for as much as $1 billion, according to reports.

British motor racing tycoon Bernie Ecclestone has said a $1.4 billion asset-backed bond sold by his Formula One company was intended to pave the way for F1's stock market flotation.

World motor racing body FIA said it is expecting the European Commission's antitrust department to formally outline its objections to the commercial aspects of Formula One and other championships soon.

Quepasa!com will sponsor Fox Sports World Espanol's network coverage of the Copa America '99 which begins on June 29.

The European Union has urged European soccer's ruling body UEFA to stick to an EU ban on sports fixtures involving teams from Yugoslavia.

A motor sport war threatens the future of V8 racing at some of Australia's major tracks.

The successful launch of the Formula One bond issue did not receive wide-spread backing from City institutions, according to the UK's Sunday Business.

The CONCACAF Championship of Heroes, scheduled to take place in Trinidad next month has been postponed.

The Confederation of African Football (CAF) said it will not make a choice this weekend between the two African countries bidding to host the 2006 World Cup.

South Africa will present its bid to stage the 2006 World Cup to the African Soccer Confederation (CAF) executive in Cairo on Sunday, a South African diplomat said.

South Africa and Morocco submitted bids to the African Soccer Confederation (CAF) over the weekend to stage the 2006 World Cup, the confederation's chief executive said.

Brazilian politicians have announced a $34 million refurbishment for the world famous Maracana stadium.

Jean-Claude Ganga, one of six International Olympic Committee members expelled from the organisation in March for taking bribes, is to resign as president of the African Olympic body, a South African Olympic official has confirmed.

The New South Wales Council of Social Service (NCOSS)has complained that lower income earners will be excluded form the Sydney Olympics.

The Dutch are hurrying through a new law which would give police powers to separate groups of potential trouble-makers at major events in time for the 2000 European soccer championship finals.

Broadcom Corporation, an enabler of broadband communications to homes and businesses, and Gotcha International, the surfwear and media company, have launched Broadband Interactive Group Inc. (BIG) to create interactive content aimed at the 10-24 year-old age group.