The following is a selection of the most important news affecting the oil market.
Felix Magath left his post as Wolfsburg coach today as the club lies at the bottom of German soccer’s Bundesliga.
Felix Magath was dismissed as coach of German soccer team Schalke 04 after a patchy season that has left the club 10th in the Bundesliga, while reaching the quarterfinals of the Champions League.
Bayern Munich officials say it would be “a total disaster” should European soccer’s governing body fail to release tough sanctions for clubs that violate new rules on spending.
Schalke 04 manager Ralf Rangnick stepped down from the German soccer club, citing exhaustion.
Former Spain striker Raul Gonzalez signed a two-year contract with Schalke, the German Bundesliga club said.
The following is a roundup of soccer stories from U.K. newspapers, with clickable links to the Web.
Former England manager Steve McClaren has been fired by Wolfsburg as the club struggles to avoid relegation from Germany’s top soccer league.
Premier League rivals Chelsea and Manchester United will meet in the quarterfinals of soccer’s Champions League, while Tottenham takes on Real Madrid.
Tottenham extended its Champions League soccer debut into the quarterfinals following a 0-0 draw with AC Milan, while Schalke advanced by beating Valencia 3-1.
"I'm delighted we've been able to inspire such an exceptional footballer and world-class striker to move to the Bundesliga and Schalke."
- Felix Magath on Jul 28, 2010