Events

Leading US radio company Clear Channel Communications Inc is to buy SFX Entertainment Inc., the US entertainment and sports group for $4.4 billion in stock and debt in a bid to winmore business from advertisers.

Europe?s first ever live online race meeting is to take place this weekend when three races will be beamed live via the web from England.

The German Football Federation (DFB) and top Bundesliga clubs are bidding to launch their own pay-TV channel for the live broadcast of matches, according to the soccer industry newsletter, The Soccer Investor Weekly Bulletin, based on a report in the Suddeutsche Zeitung.

Australia has put forward Perth as its choice to host the IAAF?s 2005 World Championship. Perth, like bidding rivals London, does not yet have a suitable venue. But, while London has the promise of government backing, the Perth challenge has no such guarantees.

Former South African President Nelson Mandela has been vindicated by the country's top court when it reversed an earlier defeat for the government in a controversial case over rugby.

Senior motorsport executives in the States have announced the formation of a new sanctioning body whose primary focus will be the organisation of professional road racing throughout North America.

Sportsworld Media, the sports television and events management group will be looking to South America to add to its recent acquisitions, as it announced its preliminary results for the 14 month period ended June 30.

Morocco has started work on a $100 million stadium to boost its bid to host the soccer World Cup finals in 2006, a government official has said.

The International Olympic Committee?s reform commission has agreed 49 key recommendations during its meeting at the weekend.

Irish state broadcaster RTE has accused a Turkish television company of excessive demands for the rights to broadcast next week's Euro 2000 play-off.

SFX Entertainment has acquired SME Power Branding, a leading sports brand identity company based in New York.

International Olympic Committee (IOC) chief Juan Antonio Samaranch has admitted he was not certain the IOC would agree this week to stop its members from visiting cities bidding to host Games in the future despite a damaging corruption scandal in the last year.

Tiger Woods has signed a five-year sponsorship deal with Buick, worth a reported $20 million to $25 million.

International media magnate Rupert Murdoch has agreed to sell the German television rights to European Champions' League soccer for the next three seasons, the Sueddeutsche Zeitung newspaper has reported..

NFL owners have unanimously approved the sale of the New York Jets to Robert Wood Johnson IV.

A monitor appointed by a federal judge 12 days ago to take the helm of the International Boxing Federation has resigned and a replacement named.