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A market in crisis for oprtunistas: PSG, City and Madrid

first_imgThe teams will have to do the math while soccer is stopped. Income has disappeared but expenses are still present. Therefore, the clubs that will best cope with this break will be those who enjoy better financial health and have more money in their treasuries. “It will be essential to undertake their financial obligations, but if someone was already ‘drowned’ before COVID-19, now they will have a much worse time,” says Carles Murillo, president of the Spain Society for Sport Economics.Barcelona, ​​Real Madrid and Athletic are the three teams with the most liquidity in LaLiga, but the short-term debt and the items to be collected in the same period must be taken into account. Since even if you have money in the bank, if you have many debts this can affect the viability of your economy if the income tap is cut. Or vice versa, if you have little money in the box but few expenses and short-term debt, perhaps you can better cope with the impact of the break.Real Madrid’s financial health places it as one of the few teams with a solvent treasury to deal with this crisis and to have the economic capacity to surprise the transfer market. “If I had to bet on one of the clubs that would play it on the market, one would be Madrid. All seasons generate 700 million and would be easy to finance, so they could take risks. In addition, it is a team that has enough money in its accounts for provisions and that has been saving to face a great signing. There may be owners, like those of PSG and City, who take advantage of the situation and find opportunities in the market. There will be less competition and they will be able to sign players and it could be easier for them“explains Jaime Fortuño, professor at the EAE Business School.For his part, Carles Murillo points out: “It depends on the reserves that Real Madrid may have and the debt it has in the short and medium term. The panorama of the debt that the clubs have is very varied at the Spanish and international levels. If the debt ratio does not commit you and you have reserves, you could play with this advantage in the market. It would be, if they can do it, an award for their economic performance in recent yearsAnd he adds: “At the moment I do not see it feasible to pay a lot, except these clubs that are owned by people with many reserves can break the deck.” A clear reference to club-states like PSG and Manchester City that have recorded millionaire signings season after season. Although these three may be the agitators of the market, Gay de Liébana warns against the possibility that the current situation will continue too long: “Having a good treasury allows you to face payments when there is a downturn. Madrid is well positioned financially and now it is not going to make adjustments, but it will have to be thought about if this lengthens. On the other hand, regarding PSG and City, it must be borne in mind that they may be affected by the price of gas and oil, which is falling and its owners are influenced by it.“All agree the specialists consulted by AS agree on one point: the season must be ended to soften the impact. “Tebas is right, the League must be ended and thus secure part of the audiovisual rights,” says Fortuño. With these revenues, it would be possible to save a large part of the teams’ budgets, since they are one of their most valuable assets, especially for lower-middle class clubs. For the big ones, the loss of the make-up and marketing will be very important: “The sponsors put money to have visibility and will readjust their contracts if the paying clubs are not playing. These brands, in addition, are already suffering the brake on the demand for their products, “says Gay de Liébana.The return of the leagues would assure the teams the return of income from television rights (494 million euros are at stake in the First Division) and a large part of those obtained through marketing, although there is a decrease in this item due to the crisis suffered by brands. The box office and the fertilizers is the asset that is most in danger, since to return the competition aims to be behind closed doors. But Madrid in its latest accounts shows tranquility in the face of an eventual crisis: “The diversification of recurring income confers economic stability on the club, cushioning the impact of possible income fluctuations motivated either by sporting activity or by the economic situation”: It is say, As the experts and the accounts of the club point out, Madrid can be one of the great agitators in the next transfer market.last_img read more

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Draft Green State Strategy almost complete – Gaskin

first_imgBusiness Minister Dominic Gaskin on Saturday indicated that the draft Green State Development Strategy (GSDS) was almost complete and would be finalised through consultations with various stakeholders before it was adopted.“It is expected that once adopted, it will become a blueprint for national development. Its 2030 vision for a green, inclusive and prosperous Guyana is not something that you automatically achieve once you get to 2030. We have to follow a course of action to get there, and technology will be a major factor in getting us there,” Gaskin said.The Minister made the comments while addressing the opening of GTT’s Innov8 Summit at the Georgetown Marriott Hotel.Gaskin said technology was a great tool for green development, since it meant more efficient management of the factors contributing to global warming.“It is through innovation and technology we will find greener ways to do things without compromising on the quality of life we have become accustomed to. Guyana is well positioned to roll out its Green State Development Strategy, because our small population, our rich resources and our capacity to feed ourselves as well as others will make this strategy affordable and sustainable,” Gaskin noted.He said one of the major challenges Government would always face was bridging the gap between the coast and the hinterland, but noted that it was already working on that. He added that with the GSDS, that gap would be bridged further to promote the President’s vision of a green and prosperous Guyana.“When we speak of an inclusive green and prosperous State, one of our major challenges will always be a disconnect between our coast and the vast hinterland, where Guyana’s green assets really lie and where much of our natural resources really lie,” he noted.The GSDS comprises seven thematic areas such as sustainable management of the environment, renewable energy, resilient infrastructure, human health and well-being, and governance. Although the GSDS is not adopted as yet, some aspects are already being implemented at the national level. One example is the installation of solar panels on Government buildings, by the Department of Environment and the Guyana Energy Agency (GEA) collaboratively.“…real developments”The Business Minister used the opportunity to reassure Guyanese that Government would “prudently save, spend and invest oil revenues within a framework that ensures sustainability and will bring great benefits”.“A lot has already been said and the debate still rages on, but I can say in all sincerity that our Government will ensure that the Guyanese people become the beneficiaries of our country’s natural wealth and I want to urge you all to pay attention to the real developments that are taking place and not become distracted by that tiny vocal minority who seem bent on killing the enthusiasm that we all need to energise us into making the right choices and preparing ourselves for what lies ahead,” Gaskin added.The Minister’s comment came after reports surfaced of an impending legal challenge against the current contract with ExxonMobil.A group of Guyanese campaigners is raising international support as it claims Government illegally granted offshore oil licences.The group’s lawyers are expected to file action in the High Court some time in the coming week.last_img read more

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BREAKING NEWS: DONEGAL TEAM DUE IN BUNCRANA AT 10.15PM

first_imgLouise Hutchinson, Eimear O’Neill and jennifer mc nally waiting in BuncranaTHE DONEGAL team will be in Buncrana at 10.15pm, according to a text from a player on the team bus to us.Enjoy Buncrana!Declan Walsh said: “What a great welcome we received in Malin and the whole of Inishowen.” BREAKING NEWS: DONEGAL TEAM DUE IN BUNCRANA AT 10.15PM was last modified: September 27th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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LETTERKENNY AC TO HOST 3K RUN IN MEMORY OF SHAUN GRAHAM

first_imgLetterkenny AC have organised a 3K memorial run in memory of the late Shaun Graham who was tragically killed in a road accident last year.The Charity/Walk/Run will take place next Tuesday the 9th of September.The entry fee is €5, and the race begins at 7.00pm. Participants are asked to register early as organisers expect a huge crowd to participate in the race.The race begins from The Letterkenny Community Centre.For more information on the event go to the Letterkenny AC Facebook page.https://www.facebook.com/letterkenny.ac?fref=ts  LETTERKENNY AC TO HOST 3K RUN IN MEMORY OF SHAUN GRAHAM was last modified: September 4th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:3KMemorial runnewsNoticesShaun GrahamSportlast_img read more

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GAA: UNDER 12 RESULTS (NORTH)

first_imgUnder 12 Go Games League Section 2DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011St Eunans B3 – 52 – 10Sean MacCumhaillsO Donnell Park-Letterkenny16-May-2011Glenfin3 – 43 – 8ConvoyPairce TaobhoigeUnder 12 Go Games League Section 1DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011St Michaels2 – 54 – 11St Eunans ADunfanaghyUnder 12 Go Games League Section 2DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011Carndonagh01 – 5Naomh Padraig LiffordCarndonaghUnder 12 Go Games League Section 1DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011Fanad Gaels0 – 81 – 8Letterkenny GaelsFanad Gaels PortsalonUnder 12 Go Games League Section 2DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011Red Hughs5 – 82 – 7Naomh Colmcille NewtownCrossroadsUnder 12 Go Games League Section 1DateTeam 1ScoreScoreTeam 2VenueComment16-May-2011Glenswilly6 – 25 – 16MilfordGlenswilly-Pairc Naomh Columba16-May-2011Downings2 – 53 – 10TermonDowningsGAA: UNDER 12 RESULTS (NORTH) was last modified: May 22nd, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:UNDER 12 GAA RESULTS DONEGALlast_img read more

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South Africa protects its oceans

first_imgThe Southern Rockhopper penguin, found abundantly on the Prince Edward Islands. (Image: Kevin Schafer, NHPA) Looking very small from a distance, the Prince Edward Islands are an important ecological asset. (Image: oceandots.com) Elephant seals breed on the islands. (Image: Sanap) The islands are home to a sizeable proportion of the earth’s King penguin population. (Image: Sanap)Janine ErasmusSouth Africa has proclaimed a vast new marine protected area, spanning 180 000 square kilometres, around the Prince Edward Islands in the Southern Ocean. This has paved the way for increased conservation and protection of vulnerable species such as albatrosses, penguins, seals, and orcas.Minister of Environmental Affairs Marthinus van Schalkwyk gazetted the proposal in early May 2009. This followed a five-year planning process during which the national Department of Environmental Affairs and Tourism (Deat) worked closely with the local chapter of the World Wide Fund for Nature (WWF) to establish the framework for the valuable area.The proclamation will come into force after the required 60-day gazetting period.The new preserve, roughly the size of the state of Oklahoma, is to be known as the Prince Edward Islands Marine Protected Area, and will be South Africa’s 21st marine preserve. With only the marine preserves around the Northwestern Hawaiian Islands, Great Barrier Reef, and the Pacific Ocean’s Phoenix Islands exceeding it in size, it will be the fourth largest ocean preserve on earth.The new preserve will also be South Africa’s first offshore protected area. Dr Deon Nel of the WWF Sanlam Living Waters partnership described this development as historic. “All of South Africa’s current marine protected areas are located very close inshore. The commitment of the first large offshore protected area moves South Africa into a new era of marine conservation.”South African financial services group Sanlam is one of the programme’s major sponsors.WWF International director-general Jim Leape praised the South African government for its far-sighted decision. “South Africa has made a globally significant commitment to our oceans through its intention to declare this large marine protected area,” he said.Protecting the watersAccording to Deat’s marine and coastal management division, South Africa has already placed 18% of its 3 000km-long coastline under official protection. This means that activities such as fishing and diving are strictly regulated. These restrictions are in line with a decree issued at the 2003 World Parks Congress held in Durban, which stipulated that coastal countries must have at least 20% of their coastal area under protection by 2015.Deat shares joint responsibility of South Africa’s marine protected areas with the South African National Parks and Ezemvelo KwaZulu-Natal Wildlife, that province’s conservation body.One of the most significant aims of the new development will be a reduction in ecological damage caused by irresponsible fisheries, which are a serious threat to sea birds as well as fish. Fishing will be banned outright within a 22.2km protected area around the Prince Edward Islands, and other activities will be strictly controlled and monitored.However, Deat will allow limited fishing in three of four additional restricted areas. This is solely for the purpose of scientific monitoring of populations of certain species of fish.Research stationThe Prince Edward Islands are a small group of two volcanic islands – Marion Island and Prince Edward Island – situated off the south-eastern coast of South Africa, about 1 770km away from Port Elizabeth.Politically, they are part of South Africa, which claimed Marion Island in 1947 and Prince Edward Island in 1948. The claims were carried out by crewmen from the frigate HMSAS Transvaal. The annexation became official later in 1948 when Gideon Brand van Zyl, governor-general of the Union of South Africa at the time, signed the Prince Edward Islands Act 43 of 1948 into law.The islands fall under the jurisdiction of the Cape Town magistrate’s court and are part of ward 55, the electoral district that encompasses Cape Town’s port.South Africa runs a meteorological and biological research station on Marion Island, which is overseen by the National Antarctic Programme.Biodiversity hotspotThe islands are a recognised biodiversity hotspot and breeding ground for a spectacular array of marine birds and mammals, such as leopard seals, skuas, and cormorants. Mysterious creatures such as the 14m long Colossal Squid, which has never been caught alive, have also been sighted in their waters.The islands are home to four penguin species, which happily establish their rookeries on the tranquil, if rugged beaches. There are substantial populations of King and Macaroni penguins (450 000 and 750 000 respectively), as well as 5% of all the Southern Rockhopper penguins on earth, and 0.5% of Gentoo penguins.The Southern Rockhopper species is endangered, while Macaroni penguins are vulnerable and Gentoos are near threatened. The King penguin is not currently under threat.Other birds found on the islands include five species of albatross, namely the Wandering, Grey Headed, Indian Yellow-nosed, Dark-mantled and Light-mantled Sooty varieties. All are in varying degrees of danger. In addition, 14 species of petrels make their home here.Three species of seal choose to breed on the Prince Edward Islands. These are the southern elephant seal and the sub-Antarctic and Antarctic fur seal. None of the three species are in any way endangered at the moment.Threat to sealifeIn the past, illegal and irresponsible fishing has posed a serious threat to the ecological stability of the Prince Edward Islands. One of the area’s most valuable assets is the presence of the Patagonian toothfish, highly favoured as a delicacy in the US, where it is known as “Chilean sea bass”, as well as in Chile, Argentina, Uruguay and Japan.Marine sustainability watchdog Seafood Watch lists the fish as one of those that ecologically responsible consumers should avoid. According to WWF, illegal fishing vessels in the waters around the islands have taken a heavy toll on the Patagonian toothfish population.A tragic consequence of the illegal toothfish industry is that large numbers of seabirds, especially albatross species, get hooked in the nets or on the longlines while catching their food, and drown. And according to the Antarctic and Southern Ocean Coalition, the pirate fishers use dynamite to remove sperm whales and orcas that come to feed.The Antarctic and Southern Ocean Coalition also reports that, where protected marine areas have been proclaimed, the size of fish populations has increased both within their borders and in the surrounding waters. With the imminent establishment of the 22.2km protected zone, it is hoped that the same will apply to the vulnerable Patagonian toothfish and other species such as orcas, long-finned pilot whales, sperm whales, humpback whales and southern right whales.Do you have queries or comments about this article? Contact Janine Erasmus at janinee@mediaclubsouthafrica.com.Related articlesLooking out for SA’s sea lifeSaving albatross, on sea and landBoulders penguins’ promised landUseful linksMarine and coastal management – Department of Environment and TourismWorld Wide Fund for NatureSouth African National Antarctic ProgrammePrince Edward Islands Act 43 of 1948Antarctic and Southern Ocean CoalitionIUCN marine programmeProtect Planet OceanPenguin Worldlast_img read more

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Bulls exercise options on Portis, 4 other players

first_imgPortis and Mirotic got into an altercation during practice on Oct. 17. Mirotic suffered broken bones in his face as well as a concussion. He likely will need surgery.Portis publicly apologized to Mirotic last Saturday. He said at the time that he had reached out to Mirotic, but had not received a response. It’s unclear if the two will be able to play together again.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“I feel like I let my fans, the Bulls organization and most importantly my teammates down,” Portis said last weekend. “This is not who Bobby Portis is.”Portis, Dunn, Valentine, Grant and Payne are former first-round picks. Portis and Valentine were selected by the Bulls, while Dunn, Grant and Payne were acquired via trade. Tiger Woods pleads guilty to reckless driving, avoids jail QC cops nab robbery gang leader, cohort View comments Stronger peso trims PH debt value to P7.9 trillion Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Read Next LATEST STORIES Dunn came over in the draft-night deal that moved Jimmy Butler to Minnesota. He could make his Bulls debut Saturday against Oklahoma City after he missed the start of the season to rehab a dislocated left index finger.Valentine, who turns 24 on Nov. 16, is averaging 10 points through four games this season. He was the 14th pick in last year’s draft out of Michigan State.Portis, who went No. 22 overall out of Arkansas in 2015, is averaging 6.9 points and five rebounds over 126 games with the Bulls. He is allowed to practice with the team while he is suspended.ADVERTISEMENT Don’t miss out on the latest news and information. center_img CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA MOST READ Kammuri turning to super typhoon less likely but possible — Pagasa Brace for potentially devastating typhoon approaching PH – NDRRMC Kin of Misamis Oriental hero cop to get death benefits, award — PNP Chicago Bulls guard Denzel Valentine celebrates his three-point play during the second half of an NBA basketball game against the Atlanta Hawks Thursday, Oct. 26, 2017, in Chicago. The Bulls won 91-86. (AP Photo/Charles Rex Arbogast)CHICAGO — The Chicago Bulls have exercised their fourth-year option on Bobby Portis after the forward was suspended for eight games for injuring teammate Nikola Mirotic during a fight at practice.The Bulls also picked up third-year options on guards Kris Dunn and Denzel Valentine and fourth-year options on guards Jerian Grant and Cameron Payne. The moves were announced on Friday, meaning the players are under contract for the 2018-19 season.ADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH Japan ex-PM Nakasone who boosted ties with US dies at 101last_img read more

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Over six lakh vacant posts in central government departments

first_imgNew Delhi, Mar 3 (PTI) Over six lakh posts in various central government ministries are vacant, the Rajya Sabha was informed today.Out of the total sanctioned posts of 37,16,520, a total of 6,02,325 are vacant, Minister of State for Personnel, Public Grievances and Pension Jitendra Singh said in a written reply.Of the total vacancies, 5,33,081 are at Group C level (comprising clerical and support staff), 51,478 are of Group B level and 17,766 are of Group A officers level, he said. PTI AKV PVI DV PVIlast_img read more

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Guilty Plea in Cashman Extortion

first_imgNEW YORK — A woman charged with shaking down New York Yankees general manager Brian Cashman has pleaded guilty to extortion, perjury and criminal impersonation.Louise Neathway entered a type of guilty plea Wednesday that acknowledges sufficient evidence for conviction but doesn’t admit guilt. She was sentenced to five years’ probation.Her lawyer, Kevin Marino, said her goal was “putting this unfortunate matter behind her.”Through spokesman Chris Giglio (JEE’-lee-oh), Cashman declined to comment Thursday.The 39-year-old Neathway is also called Louise Meanwell. She was charged in 2012 with harassing Cashman and extorting $6,000 by threatening to damage his reputation.She said the two had a consensual affair. Cashman was then married.The case expanded to other allegations against Neathway. They included housing fraud charges on which she was convicted this summer.TweetPinShare0 Shareslast_img read more

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‘India U-17 will be hard to play’

first_imgU17 World Cup Under-17 World Cup: Colombia coach – India will be very hard to play against Goal Last updated 2 years ago 05:05 18/9/2017 FacebookTwitterRedditcopy Comments(0) Orlando Restrepo of Colombia U-17 FCF Selección Colombia U17 World Cup Colombia U17 India U17 Ghana U17 The 61-year-old coach believes that India and USA will be tough nuts to crack in Group A of the Under-17 World Cup… Colombia Under-17 coach Orlando Restrepo is concerned about his team’s defence ahead of the Under-17 World Cup next month.”We are fixing the final details before the World Cup, especially in the defensive zone were we were having little trouble.“The group is very united and we have been working with the players for a good time now,” said coach Restrepo. Article continues below Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing He also appreciated the fact that the clubs from Colombia released the players in order for the national team to prepare for the Under-17 World Cup.“The help and understanding from the different clubs here in Colombia has been really important for the team.“We are planning to travel on September 20 and (possibly) play with New Zealand on September 26. Thereafter, we’ll have 10 days to adjust the tactics before the beginning of the tournament,” he mentioned.The Los Cafeteros are grouped alongside India, USA and Ghana in Group A of the Under-17 World Cup and are scheduled to play at the Jawaharlal Nehru Stadium, Delhi.“I think that rivals like USA and India will be very hard to play but will help us to improve our football and see in what level we are at the moment,” he concluded.last_img read more

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