World News

FIFA, UEFA lose TV legal battle

In a major slap to powerful federations like FIFA and UEFA, who pocket big profits from lucrative TV broadcasting rights, a European Union high court in Luxembourg ruled Feb. 17 that they have no right to sell most of their prime tournaments to pay-TV networks. The court said World Cup and Euro games are cherished social and cultural events that belong to all the people, including the poor. (AP)

Shukan ST: March 04, 2011

(C) All rights reserved