Media

BSkyB has made England's top clubs an offer of #1bn for the exclusive rights to Premier League football for the next three years, according to today's Financial Times.

Ascent Entertainment Group Inc. has said it has extended to November 15 its agreement to sell its sports-related businesses, including the Denver basketball and hockey teams, to Denver billionaire Donald Sturm's Sturm Group.

England's Premier League has became the first domestic competition in world soccer to authorise an on-line betting system.

Some Internet companies are paying more to advertise on January's Super Bowl telecast than they have generated in revenue and have helped push the average commercial price to a record of about $2 million.

Scott Ehrlich, formerly the senior vice president and executive producer at News Corporation's News Digital Media, producer of FOXnews.com, FOXsports.com and FOX.com, has joined Rivals.com, the world's largest network of sports team and sports specialty channel Web sites.

English Premier League soccer club Sunderland Plc has announced pay TV giant BSkyB was buying five percent of the company for #6.5 million ($10.50m).

Citizens Capital Corp, a holding company which acquires and/or develops operating entities, has announced that its SCOR Brands Inc. subsidiary has signed a three-year sponsorship and marketing agreement to become the official basketball shoe and apparel company of the United States Basketball League.

The International Basketball Federation (FIBA) has signed a new agreement with ISL Worldwide.

IT Capital Ltd, a New Zealand venture capital concern and private investor Lindsay Fergusson, have paid NZ$1.9 million for a 68% stake in Virtual Spectator Ltd, the web site established to deliver real-time footage from the Louis Vuitton Cup, the challenger series for yachting's America's Cup.

NTL, the $14.4bn cable and communications company, is lining up a #1bn bid for exclusive Premier League football rights, according to the UK's Sunday Business newspaper.

Concerned about the commercialisation of soccer, the government launched "Supporters Direct" on Thursday to provide legal and financial advice and grants to set up organisations to campaign for a greater say in clubs.

The Swiss government has unveiled plans to invest up to SwFr 80m in sporting facilities of national importance between 2000 to 2005.

German sportswear company Uhlsport, which filed for bankruptcy in March is set to get a new owner.

City investors in the UK have delivered a swift riposte to Sunderland Football Club?s failure to clinch a place in the Premier League.

Bangladesh has brought in Russian experts to repair disabled power plants after soccer fans threatened violence if the electricity fails during World Cup matches.

International Management Group (IMG) and Global Sportnet the German marketing and consultanting group have joined forces to offer marketing services to first and second division German Bundesliga football clubs.