By Greg Stobart
Andre Villas-Boas is the new Tottenham manager and his appointment on a three-year contract will be confirmed by the club this lunchtime.
The former Chelsea boss emerged as the outstanding candidate during a process that lasted almost three weeks since Spurs sacked Harry Redknapp last month.
Chairman Daniel Levy was so impressed by Villas-Boas during a series of talks that he shelved plans to talk to Laurent Blanc, the former France coach who started the process as the leading candidate.
The 34-year-old fits the club’s desire for a young, progressive manager who can get Spurs back in the Champions League with an attacking brand of football, while lowering the average age of the squad and making shrewd signings in the transfer market.
To that end, the Portuguese will be heavily backed this summer, with Spurs ready to spend up to £70 million on new players, although that will be partly offset by the anticipated departure of £35m-rated Luka Modric to Real Madrid.
Villas-Boas will look to convince Modric to stay and assess the rest of the squad when their pre-season preparation kick in to gear next week, but has already been heavily involved in proposed transfers.
Tim Sherwood, the club’s technical co-ordinator, is also expected to receive a promotion as the Londoners take a more consultative approach towards transfers than under Redknapp.
Tottenham believe they have beaten Liverpool in the race to sign midfielder Gylfi Sigurdsson for £8m from Hoffenheim, with the 22-year-old having agreed personal terms and completed a medical.
Jan Vertonghen, the Ajax captain, is also likely to join in a £9.6m deal once he has resolved a dispute with the Dutch club over his entitlement to a 15 per cent share of the transfer fee.
By Yantoultra Ngui KUALA LUMPUR (Reuters) - Malaysian billionaire Vincent Tan is exploring an IPO of U.K football team Cardiff City for as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team's recent promotion to the Premier League. A listing for the Welsh team would follow Manchester United's debut on the New York Stock Exchange last year, which raised $233.2 million in the largest sports team IPO ever. The process is in its early stages,
LONDON (Reuters) - Wolfsburg completed a surprise victory in the women's Champions League final on Thursday, beating twice defending champions Olympique Lyon 1-0 thanks to a second-half penalty from Martina Mueller. The German side became the first team to defeat the French champions in normal time in 120 games. Favourites Lyon, who were appearing in their fourth straight final, dominated for large parts of the match but were unable to find a breakthrough at Chelsea's Stamford Bridge stadium.
By Greg Stobart
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