Rugby hit hard by withdrawals: Neither Australia nor Scotland will be able to go through with the bidding process of the 2015 and 2019 Rugby Union World Cups.

The beleaguered financial model of football clubs operating as Public Limited Companies on stock exchanges has taken a further knock with one of the last PLC teams in England sinking into administration.

Professor Simon Chadwick, Director of CIBS, is giving a webcast masterclass on the recession's influence on world sport. Watch his masterclass online.

Opinions remain divided over whether developing economies can bid for major sports events during the worldwide economic crisis even though Turkey this week applied to host the Euro 2016 football finals.

The new TV deal with Rupert Murdoch’s satellite television company BSkyB means that the 20 clubs in the English Premier League pocket £40 million each every season yet outside of the top flight the future has never looked worse.

In 2014, the Russian resort of Sochi will host the Winter Olympics. But already this mega-event looks set to cost Russian taxpayers more money than the combined costs of the last three Winter Olympics, and up to 4,000 local residents face evictions with compensation far below current market values.

Former Trinidad and Tobago national goalkeeper and 2006 World Cup star Shaka Hislop expressed relief at the judgment from the Sports Dispute Resolution Panel (SDRP), which, he felt, justified the players’ decision to seek legal action in their bonus dispute with the Trinidad and Tobago Football Federation (TTFF).

The financial foundation for the next four years’ work of Play the Game was secured Wednesday 5 March as the Danish government and its parliamentary supporters included the institution in the delayed state budget agreement for 2008.