Events

Sports Resource Group plc is to acquire Sweden-based IEC in Sports International Events and Communications AB for an initial consideration of up to £17.5million ($25.04m/B

ESPN-owners Walt Disney Co took a 26 percent hit in fiscal third-quarter pro forma profit as the entertainment company marked lower TV ad sales and theme-park attendance, and absorbed a $95million (B

Churchill Downs Inc (CDI), in conjunction with the New York Racing Association and Television Games Network, has lost out in its bid for the purchase of New York City Off-Tracking Betting Corp (NYCOTB).

A new crowd-pleasing motor-racing Grand Prix series featuring cars racing in the livery of Europe’s top soccer clubs is aiming to reach one billion viewers in its first season, sportbusiness.com can reveal.

Australia’s Nine Network will be the official broadcaster for the Tennis Masters Cup which will be held in Sydney from November 12-18 at the Sydney SuperDome.

Scottish Premier League soccer champions Celtic have hailed a trial pay-per-view broadband broadcast a success – despite just 30 percent of broadband subscribers watching the game.

Hungary has decided to make a solo bid for the 2008 European Championships after unsuccessful talks with potential co-hosts Croatia, youth and sports Minister Tamas Deutsch said.

Insurance firm AMP has scooped two top sponsorship awards for its Sydney Olympic Games programme.

The International Olympic Committee (IOC) has bought up all the outdoor advertising space in Beijing ahead of the Olympic Games which will be held there in 2008 in an attempt to limit the commercialisation of the event.

Satellite TV interests in Poland are expected to merge in order to accelerate profitability in eastern Europe's strongest television market.

Asian broadcaster ESPN Star Sports and HK pay-TV operator Cable TV have reached an agreement for non-exclusive distribution of ESPN and Star Sports channels in Hong Kong.

The British Formula One Grand Prix at Silverstone could be scrapped if the Competition Commission rules today that Octagon Motorsports’ acquisition of the circuit’s lease is against the public interest.

Edward O'Hara and Gregory Economou, the two principals of brand identity development company, SME Power Branding, have separated from the SFX Sports Group, which acquired the company in 1999.

TV Azteca, Mexico’s second largest broadcaster, has signed a deal with satellite TV platform Sky Mexico to allow the latter to broadcast 22 soccer matches from the country’s top division, to which TV Azteca owns the rights, over the next year.

The sport employment market continues to show strong growth in Australia, with the number of general positions vacant reaching a five-year high in 2000/2001, up a massive 31 percent from the previous year, a new report shows.

US satellite TV operator EchoStar Communications has gone public with a $32billion (B

Seattle Mariners will have their home games broadcast in Japanese live on the internet from today.

Envision, the LA-based sports marketing firm run as a joint venture between former ProServ managing director Jeff Knapple and Philip Anschutz, owner of the Los Angeles Kings, has been chosen to sell the naming rights to the Louisiana Superdome.