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Swiss shoemaker On Holding AG fell after posting earnings and sales growth that failed to satisfy investors after

A senior treasurer of the Conservative Party looks set to become one of the biggest investors in football in the US on the brink of buying a Major League Soccer (MLS) franchise in a record $500m (£400m) deal. Mohamed Mansour, who has donated £600,000 to the Tories since 2016 and was appointed treasurer by Rishi Sunak last December, is expected to be officially awarded the new franchise, based in San Diego, California, on Thursday. The £400m price tag would be the sixth biggest football deal in the world, behind Chelsea, AC Milan and Manchester United, but less than the £300m Saudi takeover of Newcastle in 2022. He is expected to create the club from scratch by recruiting a full set of players, staff and an academy, which sources suggest could add an extra $200m to the bill. Mansour, a 75-year-old British-Egyptian billionaire Manchester United fan who was an early backer of Facebook and Twitter, has already invested in football with Right to Dream, a group of football academies based in Ghana, Egypt and Denmark. His company Man Capital – the London-based investment group of which he is the founder and chair – became the majority shareholder at Danish Superliga club Nordsjaelland in January 2021. Mansour has previously admitted in an interview with The Daily Telegraph that he was looking to add an English club to his portfolio following the success at Nordsjaelland. “Is England on our radar screen? Definitely,” he explained. The new MLS team in San Diego will be jointly owned by Mansour and the Sycuan Band of the Kumeyaay Nation, an indigenous American tribe which is believed to have lived in the San Diego area for more than 12,000 years. According to Forbes, Mansour’s net worth is $3.6bn (£2.9bn). The San Diego franchise look set to join MLS in 2025, ahead of the 2026 World Cup being jointly hosted by the United States, Mexico and Canada, but the $500m price tag is the most that has ever been paid for a US football franchise. It will take the number of teams in the MLS to 30. The previous record was the $325m for the team based in Charlotte, North Carolina and, by contrast, David Beckham paid just $25m for Inter Miami following a deal he negotiated when signing for LA Galaxy as a player. MLS recently signed a global $2.5bn, 10-year TV deal with Apple TV, which starts this summer, while San Diego plan to rent the 35,000-seat Snapdragon Stadium, owned by San Diego State University, which has previously hosted international matches. Read More Budget 2022: Hunt says UK in recession as he announces huge tax rises Jeremy Hunt increases energy windfall tax in budget Jeremy Hunt freezes tax allowances and hits 45p rate payers Lionel Messi's next move fuels frenzy of speculation Ceferin would not rule out a Champions League final being held in United States Messi the latest pawn in proxy rivalry in Middle East

Arsenal striker Folarin Balogun has switched allegiance from England to the United States, FIFA has confirmed. The New York-born 21-year-old, who is currently on loan at French club Reims, has represented England at Under-21s level but has opted to play his senior international football for the country of his birth. A FIFA spokesperson told the PA news agency said: “The change of association of the player Folarin Jolaoluwa Balogun from England to the USA has been approved.” The news comes just weeks before England are due to launch their European Under-21 Championship finals campaign in Georgia and Romania. Balogun has made 13 appearances for Lee Carsley’s side, but withdrew from the squad in March due to injury. Having been born in America, Balogun moved to England when he was two years old and also qualifies for Nigeria through his parents. Qualifying players are allowed to switch associations before they have played a competitive match for a nation’s senior team. Balogun has made 10 first-team appearances and scored two goals for the Gunners, and spent the second half of the 2021-22 season on loan at Sky Bet Championship Middlesbrough. However, he has made a name for himself in Ligue 1 this season with 19 goals in 34 appearances to date. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Pep Guardiola has claimed his legacy at Manchester City is “exceptional” whether or not he wins the Champions League. The Catalan needs one more victory to secure a fifth Premier League trophy in six seasons and became the first manager to do a domestic treble in 2018-19, as well as setting a top-flight points record of 100 the previous year. But this is his seventh attempt to win the Champions League with City, who lost the 2021 final and host Real Madrid on Wednesday after drawing 1-1 in the first leg of their semi-final in what Guardiola accepted is one of the most significant games of his reign. Guardiola believes his side do not need to do anything incredible to beat Carlo Ancelotti’s side but feels he will be remembered more for the quality of football his side have played. “My legacy is already exceptional already,” he said. “We have been here many times, we are not stupid to know how important it is. It is one of the most important [matches], with the competition and the rival. “I’ve told the players to enjoy the moment, we are incredibly lucky to be here. It’s in our hands. It depends on us. We don’t have to do anything exceptional, [just] win one game to reach the final and we’ll do everything. I have incredible feeling about the players: whatever happens, thank you so much to them for getting us here again. “My legacy: there has been a great generation of players that has been here. My legacy: maybe we could have a book about it one day but you won’t be judged on whether we won the Champions League or not. The legacy is we had a great time and played great football and the best legacy you can have is you have performed well and played well.” City will be without the injured Nathan Ake but Kevin De Bruyne, who was an unused substitute for Sunday’s win at Everton, is fit. City beat Real 4-3 in the first leg of last season’s semi-final and Guardiola would happily settle for a repeat scoreline. He added: “We’d like to have the game we had last season, I’d sign for it right now but I don’t think it will happen.” Real have won the Champions League a record 14 times and Guardiola searched for an explanation as to why they are the kings of Europe. “If I knew that I would know the method of beating them,” he said. “Basically the reason is they have always had great quality players, without players of that standard, they would not be able to achieve that.” Read More Man City being driven to title by man of the moment – and it’s not Erling Haaland The no-impact substitute: Kalvin Phillips’ ongoing humiliation gives Man City a problem What do Manchester City need to win the Premier League title? The no-impact substitute: Kalvin Phillips’ humiliation gives Man City a problem Rising stars have chance to emulate footballing greats at FIFA youth tournament ‘A dream come true’: Pep Guardiola elated at position of treble-chasing Man City

Novak Djokovic was in command from the start and never really let up in a 6-3, 6-4 win over 13th-seeded Cameron Norrie to reach the Italian Open quarterfinals for the 17th straight year

Kyle Walker believes Manchester City’s players owe it to Sheikh Mansour to win the Champions League. City host Real Madrid in the second leg of the semi-final after drawing 1-1 in the Bernabeu last week, still looking for a first European trophy since their 2008 takeover. Owner Sheikh Mansour has invested around £1.5 billion in the club in the last 15 years and Walker, one of a host of expensive signings, feels City can still be overshadowed by their neighbours Manchester United until they emulate them by becoming champions of Europe. The right-back said: “You have to just look over the road at Manchester United and what they have accomplished and when we get compared to that team they won countless titles. “We have done five [Premier League titles] in six years if we can cross the line on this one, which still isn’t over, but the club is missing that one [the Champions League] and the owners and the amount of money they have pumped in and the investment they have done we owe that to them.” United have won the European Cup three times, including in 1999 when they did the treble of the Champions League, the Premier League and the FA Cup that City hope to accomplish now. City are in their fourth Champions League semi-final and have reached one final, losing 1-0 to Chelsea in Porto in 2021. And Walker added: “To get to the Champions League final against Chelsea and not perform as well as we can, we owe that to ourselves and get some revenge because we know that was below par on that day.” Read More Inter vs AC Milan line-ups: Team news ahead of Champions League semi-final as Rafael Leao to return The no-impact substitute: Kalvin Phillips’ ongoing humiliation gives Man City a problem What do Manchester City need to win the Premier League title?

Nottingham Forest have been fined over the pitch invasion at the end of their Championship play-off semi-final against Sheffield United almost a year ago. A Forest fan was jailed after headbutting Blades striker Billy Sharp during the incident at the end of the second leg at the City Ground on May 17 last year, while Sheffield United’s Oli McBurnie was cleared last December of stamping on another pitch-invading Forest fan. The Football Association had charged Forest with failing to ensure their supporters conducted themselves in an orderly fashion and refrained from using threatening or violent behaviour while encroaching onto the pitch following the final whistle. The charge was partially admitted by Forest, and a £50,000 fine was imposed by an independent regulatory commission. The FA said half of the fine had been suspended by the panel until the end of next season, provided there were no further breaches of FA rule E20. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

West Ham will not entertain any bids for Declan Rice until the season is over, the PA news agency understands. Reports emerged on Monday that Arsenal want to open talks with the Hammers over a £90million move for the England midfielder. West Ham are understood to be resigned to losing their captain this summer and are braced for a bidding war, with Chelsea and Manchester United also in the mix. But the club, and Rice, are focused solely on ending the season on a positive note, both domestically and in Europe. The Hammers are all but safe from relegation and face AZ Alkmaar in the second leg of their Europa Conference League semi-final in the Netherlands on Thursday, leading 2-1 from the first leg. Rice, 24, knows his final act in a West Ham shirt could be lifting a European trophy in Prague on June 7, sealing his place in club folklore. He would become only the third West Ham captain to collect a trophy, along with Bobby Moore and Billy Bonds, who lifted their last piece of silverware, the FA Cup, in 1980. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Curtis Jones insisted he never lost faith he would earn a Liverpool revival after coming through a “tough time” to establish himself as a first-team regular. The 22-year-old midfielder’s quickfire double helped the in-form Reds to a comfortable 3-0 win at relegation-threatened Leicester on Monday. Jones has now started the Reds’ last nine Premier League games having previously only made two starts all season, with a shin injury sidelining him until mid-October. He has also scored three goals in his last four appearances – ending an 18-month drought – to help Liverpool in their late Champions League charge with Jurgen Klopp’s side fifth and a point behind the top four. The England Under-21 international told the club’s official site: “In terms of confidence, I’ve always been the same lad. I’ve always had the belief in myself but it’s been a tough time, I’ve had the injuries and stuff so I’ve not really had a full run of games in the past. “But I came in against Chelsea and I kept my shirt and I’ve still got the shirt now. I’m enjoying it, I’m being humble and keeping my feet on the ground and I know what it takes, so that’s what I’m doing. “Being a kid in the academy days I’ve always scored goals and I wouldn’t say I’ve been the star kid but I’ve always been the kid who has jumped up the age groups. I’m enjoying it, I’m being humble and keeping my feet on the ground and I know what it takes, so that’s what I’m doing. Curtis Jones “Then I came around the first team and it was kind of a shock where the whole of the game changes, so I’ve had to make a change to the whole of my game. But I’m adapting well and I think it’s the best run I’ve had for a while.” Jones struck twice in three first-half minutes against Leicester before Trent Alexander-Arnold’s 25-yard effort added the gloss. It left Leicester two points from safety with two games left and Jamie Vardy admitted they need to win at Newcastle on Monday and in the final-day visit of West Ham to stand a chance of surviving. “We’ve got to put it straight to the back of our minds now,” the striker told the club’s official site. “We’ve got to focus on the next two games and we’ve got to pick two wins up. It’ll be tough but we know we’ve got the talent in that dressing room. It needs to click. “We’ve got two games left and the minimum we can have is two wins just to give ourselves a chance. “So, we’ll get back on that training pitch, spend all week looking at Newcastle, how we can exploit the weaknesses and how we stop, obviously, their strengths. “We’ve got to make sure that we put the 90-minute effort in next week to pick up a win.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Jofra Archer ‘distraught’ after being ruled out of Ashes summer Coventry’s Mark Robins feels pressure is on Middlesbrough in play-off second leg A closer look at the battle to beat the drop in the Premier League

Francis Ngannou reign as one of the top heavyweights in MMA will continue in the Professional Fighter’s League following the former champion’s contentious split with UFC

Novak Djokovic was in command from the start and never really let up in a 6-3, 6-4 win over 13th-seeded Cameron Norrie to reach the Italian Open quarterfinals for the 17th straight year

Coventry boss Mark Robins moved to pile the pressure on Middlesbrough ahead of their crunch play-off semi-final second leg. The Sky Blues go to the Riverside on Wednesday locked at 0-0 from Sunday’s first leg. Boro finished fourth in the Championship, five points and a place ahead of Coventry, and at the Riverside Robins feels Michael Carrick’s side hold the advantage. He said: “They’re the favourites to go through so the pressure is on them. There’s no doubt about it. We’ll go out there and really give a good account of ourselves. “For us, it’s about our preparation and what we can do. The betting companies have made them favourites to win promotion. So, by definition, that makes us least favourites so it is what it is. We just go and deal with what we’ve got in front of us.” Coventry were not expected to make the play-offs this season, especially after playing seven of their first nine games away from home following the Rugby Sevens at the Commonwealth Games destroying the CBS Arena pitch. Robins recognises their progress this term but still wants the glory at the end. “It’s not really a great time to reflect because that time will be whenever this season comes to an end and we can sit back and have a look,” said the manager, who could be without Gustavo Hamer after he suffered a knee injury in the first leg. “I say sit back, we’re not because we’ve got a busy period of recruitment coming up. “Regardless of anything, I was asked at the start this season what success would look like and for us, really, you talk about finishing in the Championship, whatever happens. “If you’re in the Championship it always gives you a chance of doing what we’ve done so far this season. “Our season was blighted at the start with well-known factors and one of our players (Dominic Hyam to Blackburn) was sold early on which made things very difficult for us. “Regardless of what happened, the players have responded unbelievably well to get us to this point so they’ve earned the right to go head-to-head against Middlesbrough. “Whatever happens, yes, it’s been a brilliant progression for us but ultimately you want to try and come out successfully at the other end.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live A closer look at the battle to beat the drop in the Premier League Football rumours: Arsenal preparing £90million swoop for West Ham’s Declan Rice On this day in 2010: Dominant England beat Australia to win World Twenty20 final