The €45.6m purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.

THE €45.6 million purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.

Sepp Blatter will today unveil his plans for FIFA reforms – with UEFA president Michel Platini urging him to keep his promises to implement change.

IRELAND’S Pat McQuaid is confident that he will be president of cycling’s governing body, the UCI, before the end of the month despite the turbulence created in recent weeks by the former German Olympic athlete Sylvia Schenk.

IRISHMAN Pat McQuaid is confident any inquiry into his relationship with the International Cycling Union (UCI) will clear all parties of wrong-doing.

Third seed Peter Manley was the victim of the biggest upset so far at the Ladbrokes.com World Championship last night when beaten by unknown Dutch qualifier Josephus Schenk.