Events

The Melbourne Cup, Australia's most famous horse race, will carry a purse of US$2.12 million this year, the Victoria Racing Club (VRC) has said.

German media group EM.TV & Merchandising has exercised an option to lift its stake in Formula One racing to 75 percent, gaining control over broadcast rights to one of the world's most popular sporting events.

Kirch managing director Dieter Hahn has blamed German public broadcaster ARD for the failure to agree terms on World Cup 2002 and 2006 broadcast rights.

Anticipation of the 2002 Winter Olympics in Salt Lake City moves into high gear this week when the men's alpine skiing venue at Snowbasin makes its World Cup debut with a pair of downhills and a super-G.

German media group EM.TV has gone a long way to guaranteeing its future by signing a rescue agreement with its privately owned rival Kirch.

Philip Morris, owners of the Marlboro tobacco brand, may be considering exiting Formula One at the end of the 2002 season.

U.S. network NBC has denied that it was trying to exert pressure to put back the times of events at the 2004 Athens Olympics because of prime time television at home.

British Olympic chiefs will meet government ministers today to decide whether London can launch a bid to bring the Olympic Games back to Britain for the first time since 1948.

Shares in debt-ridden media firm EM.TV & Merchandising rose 10 percent on Monday after rival Kirch said talks on its rescue offer could be extended and the field of potential suitors appeared to widen.

The Malaysian Grand Prix has already sold 9,000 tickets for this year's race on the 18th of

The United Cricket Board of South Africa (UCB) on Wednesday appointed a four-member committee to examine the King Commission's recommendations on combating match-fixing.

All-event ticket packages for the 2003 World Figure Skating Championships go on sale next Monday.

CBS Television and Sony have entered into an agreement for CBS to produce the 2001 Sony Open golf tournament live in high-definition on the CBS Television Network.

Japan has no plans to launch a new investigation into allegations the central Japanese city of Nagano bribed International Olympic Committee (IOC) executives to host the 1998 Winter Games.

Major League Soccer claimed a legal victory on Monday when a jury unanimously decided that the six-year-old league was not an illegal monopoly and had not limited players' salaries.

Premier Rugby, the marketing and commercial arm of English First Division Rugby, has signed a #1 million ($1.45m) three-year deal with Sportscard, the rewards-based credit card designed specifically for sports fans.

The future of the British Grand Prix has been secured after an agreement between the Brands Hatch and Silverstone circuits to hold the event at Silverstone for the next 15 years.

European internet TV company Kamera, has recruited Andrew Kaza as a new member of the board.