Finance

UKA has announced its intention to create a new midweek athletics competition featuring the cream of British athletes representing their home cities. Mixed teams of men and women will compete with significant prize funds available for both individuals and teams.

UEFA, football’s governing body, donated £4.14m to English clubs and £359.196 to Scottish clubs, for releasing players to play in Euro 2008.

One of the world's most successful sporting sponsorships is set to continue for a further four years after tournament organisers ERC and Heineken agreed to extend their partnership through to 2013.

As the economy heads towards a recession, championship clubs are starting to consider a salary cap in an effort to prevent significant financial losses.

A member of the International Olympic Committee warned the chairman of the 2012 London Olympics, Sebastian Coe, that they face the toughest economic environment outside of a state of war to put on the games.

Germany's top football league, the Bundesliga, has overtaken the Barclay's Premier League as the league with the highest shirt sponsorship.

Britain's Lawn Tennis Association (LTA) look set to sell their 50 per cent stake in the Wimbledon tennis site to the All England Lawn Tennis and Croquet Club (AELTC) subject to a general meeting next month.

The winners of the Rugby Business Awards were announced last night at the RugbyExpo gala dinner in London.

Formula One teams have agreed to reduce the cost of customer engines by over £12 million from 2011, according to Ferrari Chairman, Luca di Montezemolo.

Over £200 million for the landscaping of London’s Olympic Park has been earmarked by the Olympic Delivery Authority, according to the organisers.