Media

Morgan Stanley Dean Witter, co-lead of a $1.4 billion Eurobond issued by Formula One, is believed to be ready to buy back the bonds if investors are worried, according to London's Financial Times.

British motor racing tycoon Bernie Ecclestone's plan to float his Formula One empire hit another obstacle on Wednesday when the European Commission said F1's exclusive media contracts broke European competition law.

The IOC says it has no plans to move its headquarters - despite angry reactions from locals after it snubbed Switzerland's bid to host the 2006 Winter Olympics.

The Polish soccer federation (PZPN), has elected Michal Listkiewicz, as their new president.

Formula One supremo Bernie Ecclestone's threat to pull F1 racing out of Europe if the EU competition authorities presses its investigation into the sport and imposes substantial fines could backfire.

Pay per view television events in Australia are set to rocket to the same levels as in the States, according to Foxtel chief executive Tom Mockridge.

Dorna Promocion del Deporte SA, holder of the commercial, TV and media rights to the FIM Road Racing (Motorcycle) World Championship Grand Prix, has struck a four-year deal with Quokka Sports Inc. for exclusive rights for the interactive media coverage for the 500 GP Motorcycle Championship.

Soccer may be the global game but UEFA have updated regulations that prevent "foreign" matches being broadcast at peak times during domestic programmes.

A sell-out crowd and record viewing figures have all but been ensured by the presence of the US team in next Saturday's Women's World Cup Final at the Pasadena Rose Bowl.

The Philippines' Supreme Court has ordered a state-owned gambling firm to reply to a suit that seeks to halt the operations of a controversial game.

Britain's first online tax-free betting service has launched into National Football League betting in the United States.

German car giant BMW is to step into the shoes of tobacco firm Rothmans as one of the major sponsors of the Williams Formula One Grand Prix team.

International Speedway Corporation (ISC) has reported record results for the second quarter and six months ended May 31, 1999.

Shares in European champions Manchester United have risen following reports that a group of investors were preparing to buy a large chunk of the stake held by chief executive Martin Edwards.

Yahoo! could become a prime advertiser during UK pay-TV sports shows now that British pay-TV broadcaster BSkyB and the web-guide company have agreed to a broad-based marketing deal spanning TV and the Internet in the UK and Ireland.

The judicial commission investigating charges of betting and match-fixing in Pakistan cricket has been asked to look into the conduct of Pakistani players at the recent World Cup.