Europe

English businessman Charles Green has pledged that Rangers “will never have debts again” after his consortium on Sunday struck a deal to acquire the crisis-hit Scottish giant and unveiled a plan to haul the club out of administration.

Euroleague Basketball has announced that London’s O2 Arena will host the 2013 edition of its showpiece Final Four event.

Formula One’s commercial rights holder Bernie Ecclestone has confirmed that Spain will lose one of its grand prix race dates from next year under a new arrangement that will allow Barcelona and Valencia set to share hosting duties.

Manchester United has agreed a three-year extension to its sponsorship deal with global imaging firm Epson.

Russian authorities on Thursday claimed that security agencies had foiled a plot by Islamic militants to stage attacks up to and during Sochi’s 2014 Winter Olympic Games.

German champion Borussia Dortmund has crowned a record-breaking season in the Bundesliga by renewing a naming rights sponsorship with Signal Iduna for the club’s Westfalenstadion home in a five-year deal.

Madrid will not follow Rome by withdrawing its bid for the 2020 Olympic Games despite Spain’s deepening economic crisis, a senior bid official has claimed.

Euroleague Basketball has been boosted by the news that beer brand Efes Pilsener has signed a three-year extension to its sponsorship of the competition, ahead of the start of this year’s Final Four on Friday.

The UK’s Jockey Club has reported double-digit growth in underlying turnover and operating profits for 2011.

Primera Division giant Valencia has agreed a two-year extension to its shirt sponsorship deal with JinkoSolar.

Title-chasing Manchester City has announced the switch of its kit supplier deal from Umbro to Nike, with the agreement set to start in the 2013-14 season.

Sochi 2014’s infrastructure development for the Winter Olympics has come under the spotlight after former President Dmitry Medvedev ordered the country’s Audit Chamber to review bank lending to construction projects for the Games.

Four of the sports broadcasting industry’s most respected figures will speak at the first TVSM Live event in Paris on Thursday, May 10.

The English Premier League on Thursday fired the starting gun in the highly anticipated race for its lucrative domestic broadcast rights for the three seasons from 2013-14 to 2015-16.

Liverpool has reported a loss of £49.4 million for the 12 months through to July 2011 as the Barclays Premier League club counts the cost of writing off the new stadium project developed by its former owners.

The Rugby Football League (RFL) has announced that Manchester’s Old Trafford stadium will host the final of the 2013 Rugby League World Cup, while a working party has been formed to discuss plans to expand the World Club Challenge.

Sports broadcaster ESPN will make its first UK foray into second-screen viewing during its coverage of this weekend's FA Cup final following a deal with social TV app fanatix. 

The winners of the Sport Industry Awards 2012 were unveiled on Wednesday at a star-studded ceremony attended by 1,750 figures from the world of sport.