- Feb 1 Hayes Alan Jenkins leads only US sweep of Olympic men's figure skating medals at the Cortina d’Ampezzo Winter Games; Ronald Robertson wins silver with bronze to Jenkins' younger brother, David
Albright Olympic Champion
Feb 2 Despite a severe ankle injury Tenley Albright leads an American 1-2 in the women's figure skating at the Cortina d'Ampezzo Winter Olympics; Carol Heiss takes the silver medal
- Feb 3 Toni Sailer of Austria wins the downhill at the Cortina d'Ampezzo Winter Olympics; becomes first athlete to sweep all 3 alpine skiing events in a single Olympics
- Feb 4 Soviet Union beats Canada, 2-0 at Cortina d'Ampezzo to clinch their first ever Olympic ice hockey gold medal; US takes silver, Canada bronze
- Feb 5 Finland goes 1-2 in the ski jumping at the Cortina d'Ampezzo Winter Olympics; Antti Hyvärinen takes gold ahead of teammate Aulis Kallakorpi
- Feb 5 NY Mayor Robert Wagner & Bkln Boro President Frank Cashmore sponsor a bill to create a $30M Brooklyn Sports Center Authority to build
- Feb 5 VII Winter Olympic Games close in Cortina d'Ampezzo, Italy
- Feb 17 Ice Dance Championship at Garmisch won by Pamela Weight/P Thomas GRB
- Feb 22 1st English soccer match at Kunstlicht: Portsmouth vs Newcastle United
Cleveland Indians Sold for $4M
Feb 29 MLB's Cleveland Indians franchise is sold for nearly $4m; former player and the team’s general manager Hank Greenberg is part of the new ownership group