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Promotion worth £170m to Sheffield Wednesday

Sheffield Wednesday beat Brighton in the semi-final. Credit: PA

Sheffield Wednesday can expect an instant cash boost of at least £170million if they clinch promotion to the Barclays Premier League this weekend.

That is the value of victory to the Owls in Saturday's Sky Bet Championship play-off final - the match regularly billed as the most lucrative one-off game in football - according to financial experts at Deloitte.

Wembley opponents Hull can also expect a huge revenue uplift if they triumph, although the value to them is less, at £110million, as they will have to forgo parachute payments pending following relegation last year.

The record £170million minimum promotion prize is an increase of £40million on the figure estimated for last year owing to the rise in Premier League TV rights. The figure breaks down as £95million for next season - mostly from central distributions but also increased commercial activity and gate receipts - and £75million in guaranteed parachute payments if relegated. If the club avoid the drop next year, the overall figure rises to £290million.

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Liverpool fined £8,400 for fans letting off fireworks

A flare lands on the Anfield pitch during the quarter-final against Dortmund. Credit: PA

Liverpool have been fined £8,400 by UEFA for their fans letting off fireworks in their Europa League quarter-final against Borussia Dortmund.

The decision was made by the control, ethics and disciplinary body and is the second punishment handed out to the Reds this week.

On Tuesday they were fined £35,000 - half of which was suspended for a two-year probationary period - for illicit chanting by supporters during April's two-legged Europa League clash against Manchester United, who were also hit with a similar penalty.

There was a further fine of £13,000 for the offences of setting off of fireworks, throwing of objects, crowd disturbances and a late kick-off.

Liverpool still have disciplinary charges outstanding in relation to more fireworks offences and crowd disturbances relating to last week's Europa League final against Sevilla.

Sharapova included in Russian Olympic team despite suspension

Maria Sharapova

Maria Sharapova has been named to compete at the Rio Olympics despite being suspended.

The five-times grand slam tennis champion tested positive for the banned substance meldonium and was provisionally suspended on March 12.

"We will include Sharapova in the team, which we need to announce by 6 June," Shamil Tarpishchev, the International Olympic Committee (IOC) member and president of the Russian Tennis Federation (RTF), told the R-Sport news agency.

"Whether she competes or not should be decided by the end of the first week of Roland Garros."

Sharapova is waiting for the outcome of a tennis anti-doping committee’s hearing of her meldonium positive case.

Stan Kroenke increases stake in Arsenal

Kroenke also owns the NFL's Los Angeles Rams. Credit: PA

American businessman Stan Kroenke has increased his majority shareholding in Arsenal, despite discontent at the Emirates Stadium.

KSE (Kroenke Sports Enterprise) UK Inc, wholly owned by Kroenke, has acquired 23 ordinary shares for £368,000, to take his shareholding to 67.05 per cent (41,721 shares), it was announced under corporate disclosure on Thursday.

Kroenke, who also owns the NFL's Los Angeles Rams, has been Arsenal's majority shareholder since 2011.

Many Gunners supporters believe this season should have been the one which saw their hopes for a first Premier League title in 12 years realised, but Leicester secured a remarkable triumph.

With the trophy gone, Arsenal belatedly roused themselves to finish second ahead of Tottenham, their neighbours who last topped the Gunners in 1995.

Arsenal fans are torn over the future of manager Arsene Wenger, whose 20th anniversary as boss is approaching in October, and a muted 'Time for change' protest took place during the club's win over Norwich on April 30.

Wenger has a year remaining on his current contract and will be expected to invest in his team for a sustained title challenge next season.

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Southampton confirm trio to leave the club

Ramirez was frozen out by current boss Koeman. Credit: PA

Southampton have confirmed the departure of £12million midfielder Gaston Ramirez.

The Uruguay international was a club-record signing for Saints in 2012 but started just 28 matches in four years at St Mary's.

Ramirez was frozen out by current boss Ronald Koeman and spent last term on loan with Hull before ending the current season at Middlesbrough.

Newly-promoted Boro are understood to be keen on signing the 25-year-old permanently after he scored seven goals in 15 Championship starts.

Veteran goalkeeper Kelvin Davis is also out of contract but is in talks over a new role behind the scenes at the club.

The 39-year-old joined Saints when they were a League One club in 2006 and had a testimonial last week.

Young goalkeeper Will Britt, who suffered with injuries during the 2015/16 campaign having made six Under-21 appearances the previous season, has also left the club.

Lukaku hints he will leave Everton this summer

Romelu Lukaku will no doubt be in demand across Europe. Credit: PA

Everton striker Romelu Lukaku has revealed that he wants to leave the club over the summer in order to further his career.

The 23-year-old Belgium frontman scored 25 goals this season for the Toffees and has been linked with a return to former club Chelsea.

"I'm at a point where I have to make a good career choice," Lukaku is quoted as saying in the Daily Star.

"We have a new investor at Everton and out of courtesy I will listen to what he has to say. But I have my own ideas in mind. I want to win titles.

"I have had a very good season, but it is time for me to write myself a CV. That is why I play football.

"I got that trophy-winning mindset from Chelsea.

"People in Belgium don't see me playing for Everton, but I am respected by fans, managers and experts like Jamie Carragher, Graeme Souness and Thierry Henry."

Ronaldo wants Mourinho to succeed at Man Utd

Ronaldo and Mourinho at Madrid. Credit: PA

Real Madrid winger Cristiano Ronaldo would like to see Jose Mourinho bring the good times back to Manchester United but has dismissed a possible return to Old Trafford.

Mourinho is closing in on a deal to become the new manager at United and Press Association Sport understands talks continue with intricacies such as image rights believed to be being worked on.

The Red Devils won the FA Cup under Louis van Gaal this season but missed out on a place in the Champions League, contributing to the Dutchman losing his job.

Ronaldo said in an interview to be shown by the La Sexta TV station in Spain and quoted in The Sun: "He's already signed, hasn't he? I think it's good. If it's something United wanted I think it's good.

"I hope Manchester United get back to being what they were because it's an impressive club but in the last years they lacked an identity a bit.

"And it hurts me seeing United like that because it's a club that I carry in my heart. I wish Mourinho can carry them back to the top."

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