The Latvian Ice Hockey Federation has said that it expects to make a profit of 1.93 million lats (2.89 million euros) from the 2006 World Ice Hockey Championship, which is due to take place in Riga.
According to the cost estimate for the organization of the championship, the LHF has planned revenues of 9.45 million lats and costs of 7.52 million lats. The largest revenues are an estimated 6.4 million lats from ticket sales. Foreign sponsors are expected to contribute 500,000 lats and Latvian sponsors 250,000 lats. Souvenir sales and championship program sales are estimated to bring in 650,000 lats and 150,000 lats respectively
Michael Schumacher has announced that he has no plans to retire after winning his fifth consecutive F1 title, and his seventh in all, two more than anyone else in the sport's history. The 35-year-old German won the title after finishing second behind McLaren's Kimi Raikkonen in the Belgian Grand Prix on Aug. 29. Schumacher's contract runs with Ferrari until the end of 2006, but the end of each season sees feverish speculation that the seemingly invincible Schumi will retire.
Michael Owen got a chance to make a good impression at his new club when he helped contribute to Real Madrid's 1-0 win against Mallorca on the first day of La Primera Liga. Owen's chance came when Raul was taken off injured in the 24th minute. Early in the second half he crossed the ball to Ronaldo who chested the ball into the net.
European Ryder Cup captain Bernhard Langer named Colin Montgomerie and Luke Donald (photo) as his wildcard picks for the side to face the U.S.A. in September. The pair joins Ireland's Paul McGinley and England's Paul Casey, David Howell and Ian Poulter in the 12-strong team. Padraig Harrington, Sergio Garcia, Lee Westwood, Darren Clarke, Miguel Jimenez and Thomas Levet have already qualified.