SCORE ONE FOR ARMANI: Giorgio Armani is lending a helping hand to sports, saving an historical and successful Milanese basketball team, the Olympia Basket, from folding for lack of funds. The designer will invest $3.7 million, or 3 million euros at current exchange, over three years, and will be the main sponsor of the team, which will be renamed Armani Jeans Milano. “I didn’t want such an important Milanese team to fade away,” said Armani. “I don’t play basketball, but my brother, Sergio, and sister, Rosanna, did, so I did it for them and for the city of Milan.”

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