YORK-BASED builder Persimmon Homes was revealed today as the new sponsor of York City Football Club and Team B&Q York City Racing.

The company has agreed a substantial three-year deal - believed to be a seven-figure sum - to back both the football club and the British Touring Car Championship team, having finally thrashed out the deal at 5pm last night.

New chairman John Batchelor confirmed the deal at the launch of the BTCC season at Brands Hatch today.

The Minstermen will see a large slice of the money as Mr Batchelor looks to put the club on a sound financial footing.

Updated: 11:15 Tuesday, March 19, 2002