Events

John Krimsky, former deputy secretary general and managing director business affairs of the United States Olympic Committee (USOC), has been named president of YankeeNets Properties and chief marketing officer of YankeeNets, the completed merger between the Yankees, New Jersey Nets and the recently affiliated New Jersey Devils.

Prisma Sports & Media has launched a joint venture with The Fantastic Corporation to deliver sports content to mobile phones in a move which, they say, will change the sports environment forever.

Publicly owned investment holding company, Peacock Financial Corp. has acquired the Bay Area Seals, the professional A-league soccer club of San Francisco, California.

US bank Chase Manhattan says it has been appointed to arrange financing for England's new national sports stadium, to be located at Wembley in north London.

David Payne has been named to the new position of senior vice president and general manager of CNN/Sports Illustrated Interactive,. Payne will oversee all business activity of CNN/Sports Illustrated Interactive, which includes the 24-hour sports Web site CNNSI.com. Payne is based in Atlanta and reports to Jim Walton, president of CNN/Sports Illustrated.

SportsLine.com has appointed Joe Ferreira to the position of Vice President, Programming.

European soccer governing body UEFA is to examine a possible US-style salary cap to keep under control the spiralling wages of Europe?s top soccer stars.

Nike profits rose 22% in its fiscal first quarter, exceeding expectations, although revenue was virtually unchanged.

ISL, the marketing company which has rights to soccer?s World Cup, the ATP Tour, and a range of other international events, may seek a stockmarket flotation, according to a report in the publication TV Sports Markets.

Broadband Interactive Group (BIG) has strengthened its TV offering, announcing an expanded deal with FOX Sports Net.

A recent research project by Sports Marketing Surveys on the Cricket World Cup has shown how successful sponsorship is amongst cricket fans in creating brand awareness.

The first live webcast of an international football match will take place tomorrow for the European Championship play-off between Scotland and England.

Forrester Research, a leading independent research firm that analyses technology change and its impact on business, consumers, and society, has predicted that that new Web technologies will allow professional sports leagues to create and deliver innovative broadband sports programming directly to fans.

Soccer legend Pele has confirmed his support for South Africa's bid to stage the 2006 World Cup, saying he thought Brazil could be ready to stage the finals four years later.

Olympic chief Juan Antonio Samaranch said he would be prepared to return to the United States for further questioning about corruption in the Olympic movement.

English cricket legend Ian Botham has launched a marketing and sports management agency, with the aim of building a stable of young sports stars.

The European Tour has announced it is moving beyond its traditional confines with Brazil hosting two events this year for the first time.

Sponsorship value will double to $50 billion by 2010, or around 8.5% of global advertising spend, according to a recent survey.