AC Milan will introduce their newest addition, Ronaldinho to the fans and the media at San Siro stadium.
The Brazil forward, 28, decided to join the Italian superteam from Barcelona, declining a move to Manchester City. He took a medical in Milan prior to signing a contract that will keep him at the Serie A club to the end of the 2010-11 season. The city had reportedly bid £25.5m for the player, but AC Milan are believed to have paid considerably less for him. Rossoneri fans quickly bought up 5,230 season tickets on Wedneday alone, following news of Ronaldinho’s imminent arrival.

Fernando Torres was the hero for Spain by firing them to Euro 2008 glory against Germany in Vienna - and ending 44 years of disappointment.

Torres struck in the 33rd minute at Ernst Happel Stadion and despite the efforts of Germany skipper Michael Ballack, they held on to their lead to spark wild celebrations in Austria’s capital.

Spain outshot Germany 14-4, with Spain showing more fluidity and creativity on the field than the efficient German team.

The Milwaukee Bucks have agreed to trade Yi Jianlian to the New Jersey Nets for Richard Jefferson. They are also are sending Bobby Simmons to the Nets. He has $20.5 million left on a contract that expires in the summer of 2010, when LeBron James, Dwyane Wade and Chris Bosh would become free agents.

This trade might be considered a sign that the Nets are looking to get involved in the LeBron sweepstakes, based in no small part on his close friendship with Nets minority owner Jay-Z. As a result of this trade, the Nets are no longer committed to paying Jefferson $15 million in 2010-11.

Yi’s camp was said to be thrilled about going to the re-structuring Nets and playing in a major market, which was one of the original concerns when he was drafted by the Bucks last year. Yi threatened to not sign with Milwaukee in hopes of forcing a trade to another team. The Bucks will keep their No. 8 pick in the draft to further spruce up their team. The Nets hold the No. 10 pick.

The Bucks, meanwhile, are providing new coach Scott Skiles with a veteran player who can help him win. Jefferson averaged 22.6 points a game last season.

A brave Turkish side depleted by injuries and suspensions were given a taste of their own medicine when Germany scored a last minute winner to reach the final of Euro 2008. Germany were fortunate not to get behind in the 13th minute when  Akman pulled the ball back from the byline for Kazim Richards to hit the crossbar from inside the area. In the 22nd minute Kazim Richards took a swipe at a low cross, sending the ball off the crossbar into the path of Ugur who knocked the ball past the unbalanced Lehmann from 6 yards out, but the Turkish lead lasted only 4 minutes as Podolski delivered a low cross into the box which Schweinsteiger spun into the back of the net with the outside of his right foot.

Germany took the lead in the 79th minute when Klose got to a cross before Rustu and headed the ball in, but with 4 minutes left Sabri’s low cross was toe-poked in at the near post by Semih for what looked like the goal that would take the match to extra time. However, a last minute goal from Philipp Lahm ended Turkey’s dream of Euro 2008 glory .

Russia won an unexpected place in the Euro 2008 semi-finals with a thoroughly deserved 3-1 extra-time win over the Dutch on Saturday.

Coached by Dutchman Guus Hiddink, the Russians finished off their tired opponents with late goals from substitute Dmitry Torbinsky and playmaker Andrei Arshavin after the teams had finished level at 1-1 by the end of regular time.

The Russians will face the winners of Sunday’s quarter-final between Italy and Spain for a place in the Vienna showpiece

Portugal became the first team to reach the quarterfinals of soccer’s European Championship as co- host Switzerland was beaten with an injury-time goal.

Portugal, seeking its first major title, beat the Czech Republic 3-1 in Geneva yesterday after Cristiano Ronaldo scored one goal and assisted on another. Deco, Ronaldo and Ricardo Quaresma scored for Portugal yesterday, with Libor Sionko getting one for the Czech Republic. Its qualification for the last eight was assured when Turan’s shot gave Turkey the victory over the Swiss in Basel.

Portugal, the runner-up four years ago, has six points from two matches. The Czech Republic and Turkey are three points behind and meet June 15 in the final group game. Switzerland has lost both its games and will not finish in the top two.

Manchester United won the Champions League by beating Chelsea 6-5 on penalties after a tight 1-1 draw. Cristiano Ronaldo headed United in front after 26 minutes but Frank Lampard evened out before the interval. Ronaldo missed his penalty, but John Terry hit the post with a kick that would have won it for Chelsea and Edwin van der Sar saved from Nicolas Anelka. Terry had to be consoled by boss Avram Grant as he broke down in tears after missing the shot that would have given his side the win.

It sparked crazy celebrations for Alex Ferguson and his players in the Moscow rain as Man U won Europe’s trophy for the third time, a triumph made more emotional as it came 50 years on from the Munich air crash. Ferguson had made it his mission to take the trophy back to Manchester this year in memory of those who died in the tragedy of February 1958. And it gave the 66-year-old Scot his second Champions League triumph, repeating the success against Bayern Munich in Barcelona in 1999.

The penalty shoot-out topped off an exciting game with passages of play of the highest degree, with United dominating the first half but Chelsea showing huge reserves after the break.

Big Brown made history to win the 134th Kentucky Derby on Saturday, but the race finished under a dark cloud as runner-up Eight Belles broke down on the track. Eight Belles, trained by Larry Jones and ridden by 20-year-old Gabriel Saez, was trying to become just the fourth filly to win the Derby. Minutes after the race the filly fell to the ground and Saez jumped off. She was found to have broken both front ankles and was humanely destroyed on the track. With the memory of Barbaro still fresh, Eight Belles’ devastating breakdown Saturday put increasing focus on a sport already suffering a decline in popularity.
Her death has raised major issues about the industry, including whether fillies should be allowed to run with males.
In 2006, Derby winner Barbaro shattered his fight rear leg at the start of the Preakness, as thousands of people watched in horror. Barbaro was euthanized eight months later.

According to Forbes magazine, Manchester United is the most valuable team in world soccer for a second straight season and will most likely hold that position next year as well. The Premier League club is worth $1.8 billion, a $347 million increase from last year’s valuation. Taking into account revenue growth, profitability and debt levels, Real Madrid remained second at $1.285 billion and Arsenal third at $1.2 billion. United was among four English clubs in the top 10, with Liverpool the big mover on the list, going up from 11th last year to fourth. Bayern Munich was fifth, followed by AC Milan, Barcelona, Chelsea, Juventus and Schalke.

David Beckham returned to the top of the richest soccer players list after his well publisized move to the Los Angeles Galaxy pushed Ronaldinho down to second place. Beckham is worth $49 million, followed by Ronaldinho at $33 million.