The following is a selection of the most important news affecting the oil market.
European soccer’s ruling body said its plans to curb overspending by clubs are already having a positive impact, although more needs to be done to protect the sport from “financial insanity.”
British Sky Broadcasting Group and TalkTalk Telecom Group Plc formed a joint venture to create a high-speed broadband network in York, England, as the companies look for alternatives to BT Group Plc.
Chelsea was warned it can’t influence whether its goalkeeper Thibaut Courtois plays against the London soccer club in a Champions League semifinal with Atletico Madrid, the team where he’s on loan.
Santos, the Brazilian soccer team that developed Pele and Barcelona forward Neymar, said it is gaining from new financing that’s allowed it to sign players who would normally be too expensive.
UEFA agreed to start a soccer league for national teams from 2018 to replace six annual exhibition games that the European soccer ruling body’s president Michel Platini said are unpopular.
A ‘League of Nations’ European soccer competition is expected to be approved by the sport’s continental governing body UEFA tomorrow, the British Broadcasting Corp. reported.
Manchester United, having one of its worst Premier League seasons, will play defending champion Bayern Munich in the Champions League quarterfinals. Real Madrid was drawn against Borussia Dortmund.
UEFA charged Manuel Pellegrini after the Manchester City coach criticized the referee who oversaw his side’s 2-0 home loss to Barcelona in soccer’s Champions League this week.