LONDON (Reuters) – Online gambling company Betfair (BETF.L: Quote, Profile, Research, Stock Buzz) rejected a $1.4 billion takeover approach from private equity firm CVC Capital Partners CVC.UL, saying it was too low and had too many conditions attached.

The potential offer made on Friday by CVC, the largest shareholder in Formula One motor racing, was pitched at 880 pence per share, valuing Betfair at around 912 million pounds ($1.4 billion).

LONDON (Reuters) – Charles Green, the businessman who led the rescue of former Scottish football champions Rangers last year, stepped down as chief executive on Friday saying allegations about his takeover risked damaging the club.

The abrupt departure is a fresh blow to the Glasgow club, Scottish champions a record 54 times, who had to relaunch from the fourth tier in Scotland after their former parent company collapsed under a pile of debt.

LONDON, April 19 (Reuters) – Charles Green, the businessman who led the rescue of former Scottish soccer champions Rangers last year, stepped down as chief executive on Friday saying allegations about his takeover risked damaging the club.

The abrupt departure is a fresh blow to the Glasgow club, Scottish champions a record 54 times, who had to relaunch from the fourth tier in Scotland after their former parent company collapsed under a pile of debt.

LONDON, April 19 (Reuters) – Charles Green, the businessman who led the rescue of former Scottish soccer champions Rangers last year, stepped down as chief executive on Friday saying allegations about his takeover risked damaging the club.

The abrupt departure is a fresh blow to the Glasgow club, Scottish champions a record 54 times, who had to relaunch from the fourth tier in Scotland after their former parent company collapsed under a pile of debt.

LONDON (Reuters) – Tens of thousands of tickets for Usain Bolt’s return to the scene of his London Olympic victories sold out within 75 minutes of going on sale on Friday, organizers said.

Bolt, who won three sprint golds in London last year to match his Beijing haul, will compete in the IAAF Diamond League meeting on July 26-27. Organizers are billing the event the “Anniversary Games” – a year after the Olympics.