Europe

Russian President Vladimir Putin has maintained the country’s economic crisis will not impact on its preparations for the 2018 Fifa World Cup, stating the football showpiece is an important development tool for Russia.

Energy drinks giant Red Bull will expand its considerable involvement in the sports industry by funding and developing a new arena for Munich’s professional ice hockey and basketball clubs after the project was approved by the city's authority in Germany.

The International Cricket Council (ICC) has announced that Lord’s in London has been proposed as the host venue of the 2019 Cricket World Cup final while the Oval, Edgbaston and Cardiff have been put forward to stage matches during the 2017 Champions Trophy.

The European Triathlon Union (ETU) has awarded its 2017 European Championships to Kitzbühel following the Austrian town’s successful staging of this year’s event.

Spanish tennis player Rafael Nadal has agreed a partnership with US fashion brand the Tommy Hilfiger Group.

The European Club Association (ECA) and European Professional Football Leagues (EPFL) have joined forces to put forward a staging period of May 5 to June 4 for Qatar’s 2022 Fifa World Cup, arguing that the model would avoid a “brutal split” of domestic football caused by a winter tournament.

Paris Saint-Germain and Sweden national team football star Zlatan Ibrahimović has signed a long-term partnership with Scandinavian fashion retail chain Dressmann that will lead to the launch of a new sportswear brand.

Dick Pound, the former president of the World Anti-Doping Agency (WADA), has been appointed to lead an investigation by an independent commission into allegations of widespread doping in Russian sport.

The International Basketball Federation (Fiba) has announced that Spain will host its inaugural Women’s World Cup in 2018.

The International Triathlon Union has revealed that Mexico will host its World Triathlon Grand Final in 2016 while Rotterdam in the Netherlands will stage the 2017 edition of the showpiece.

Italy has become the second nation to confirm a bid for the 2024 Olympic Games, with Prime Minister Matteo Renzi stating officials will seek to support Rome’s candidacy by including other cities in their summer Games masterplan.

World Bowling, the unified international federation for ninepin and tenpin bowling, has opted to relocate its headquarters from Arlington, Texas in the US to the Swiss city of Lausanne as part of an ongoing development strategy.

McLaren Group chief executive Ron Dennis is set to regain control of the company’s Formula One team after Bahrain’s sovereign wealth fund Mumtalakat agreed to sell a portion of its stake in the motor racing outfit to its former team principal.

Sports federations based in Switzerland, such as Fifa and the International Olympic Committee (IOC), are set to be subject to greater financial scrutiny by banks in the European country under a new bill passed today (Friday) by Swiss lawmakers.

AC Milan is reportedly close to securing a site to develop a new 42,000-seat stadium, while fellow Serie A football club Parma has announced it has secured a new owner.

Three senior IAAF officials, including the son of president Lamine Diack, have stepped down from their roles at the global governing body of athletics pending the outcome of a probe into allegations of widespread doping in Russia.

The scandal-hit Astana Pro Team has retained its WorldTour licence for 2015, but the International Cycling Union (UCI) has withdrawn elite status from Team Europcar for financial reasons.

Valentin Balakhnichev, the head of the governing body for athletics in Russia, has stepped down from his role as treasurer of the IAAF, the sport’s global governing body, while allegations of systemic doping by athletes in the country are investigated.