Scotland business

Glasgow 2014 Commonwealth Games announces new sponsor

Commonwealth Games montage
Image caption The deal is the third to be to be announced in the past few weeks

Accountants Ernst and Young have been named as a sponsor of the 2014 Commonwealth Games in Glasgow.

The company has signed up for "tier two" sponsor.

It will provide a number of services, including internal auditing, athlete taxation and forensic accounting.

Glasgow 2014 chairman Lord Smith said: "Ernst & Young are a fantastic addition to the Glasgow 2014 family, and bring with them unparalleled expertise in professional services.

"By becoming an official supporter for the games, they have made a strong statement of their support for this country by investing in what will be a truly outstanding games.

First Minister Alex Salmond said: "I'm delighted to welcome Ernst & Young as the third official supporter of the Glasgow 2014 Commonwealth Games announced in as many weeks.

"One of Ernst & Young's founders - Arthur Young - was born in Glasgow and it is fitting that the firm will now help bring this fantastic sporting event to his home city."

Two Glasgow-based companies, law firm Harper Macleod and recruitment agency Search Consultancy, have already signed "tier two" sponsorship deals with the games.

Each is thought to be worth about £1m.

The Glasgow games are expected to raise more than £20m through a three-tiered sponsorship structure.

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