Statement re price movement

World Sport Group PLC
31 May 2002


Date:                  31 May 2002

On behalf of:          World Sport Group plc


WORLD SPORT GROUP PLC

The Board of World Sport Group plc ('the Company'), the sports media, marketing
and management group, has noted the recent movement in the Company's share price
and confirms that its joint venture company, World Sport Nimbus Pte Ltd, is in
the process of finalising an agreement with its joint venture partner, News
Corp, for News Corp to acquire the entire shareholding in Global Cricket
Corporation Pte Ltd for a nominal sum. The agreement under discussion will
eliminate the Company's financial exposure to this contract and provides for
World Sport Group Nimbus to be retained as its marketing partner on an agency
basis. The Company also confirms that it is in negotiations regarding a
potential acquisition.

The Company also announces that as part of the ongoing restructuring of the
business, Mr Robert Bland resigned as Director and left the Company on 24 May
2002.

Further information on the aforementioned disposal and acquisition together with
details of a possible fundraising relating in part to the acquisition and also
to strengthen the Company's balance sheet will be incorporated with the
announcement of the Company's final results which it expects to release by the
end of June 2002.


Enquiries to:

Emma Kane, Chief Executive            Tel: [phone]

Redleaf Communications Ltd

Richard Feigen or Jonathan Wright     Tel: [phone]

Seymour Pierce Limited

Notes to Editors


  • Global Cricket Corporation Pte Ltd ('GCC') was the 50:50 joint venture
    vehicle between News Corp and Worldsport Nimbus (a 50:50 joint venture
    between World Sport Group and Nimbus Communications, an Indian media and
    sports marketing company).



  • GCC is the owner of the commercial and media rights to all ICC
    international cricket events until mid 2007, including the next two World
    Cups in 2003 (South Africa) and 2007 (West Indies)

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