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Leicester fined up to £880,000 over price fixing with JD Sports
Leicester fined up to £880,000 over price fixing with JD Sports
Leicester are to be fined up to £880,000 after “colluding to restrict competition” alongside JD Sports in the sales of club clothing, including replica kit, according to the UK competition watchdog. The Competition and Markets Authority (CMA) has said the Sky Bet Championship side and JD Sports have admitted to anti-competitive behaviour, which include “price fixing conduct”. The parties broke competition law between 2018 and 2021 with arrangements which limited competition in the sale of clothing, the CMA said it has provisionally found. Leicester and its parent companies have agreed to pay a fine up to the watchdog’s maximum penalty of £880,000. JD Sports will avoid a fine after reporting the illegal activity. In August 2018, JD Sports said it would stop selling Leicester-branded clothing online for the 2018-19 season, and in January 2019, JD Sports agreed it would not “undercut” the club in terms of online sales for the following season by applying a delivery charge to all orders, the CMA said. It said JD Sports continued the agreement to sell all Leicester clothing with the charge until at least January 2021. Michael Grenfell, executive director of enforcement at the CMA, said: “Strong and unimpeded competition between retailers is essential to consumers’ ability to shop around for the best deals. “Football fans are well-known for their loyalty towards their teams. In this case we have provisionally found that Leicester City FC and JD Sports colluded to share out markets and fix prices with the result that fans may have ended up paying more than they would otherwise have done. “Both parties have now admitted their involvement, allowing us to bring the investigation to a swift conclusion. “The fine that Leicester City FC and its parent companies have agreed to pay sends a clear message to them and other businesses that anti-competitive collusion will not be tolerated.” In response, Leicester stressed that no current club directors or senior management were involved in the arrangements. “These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club’s retail sales team over the relevant period,” the club added. “There was no intention on the part of the club to unlawfully restrict the resale of the goods supplied and no material financial advantage to be gained from doing so, given the limited amount of kit supplied to JD Sports. “However, the club accepts the CMA’s findings and has taken steps to strengthen its training and compliance measures to ensure the club’s retail operations fully comply with competition law.” JD Sports also highlighted that current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month. The company added: “JD has taken a number of steps to strengthen its competition compliance programme and the board reaffirms its commitment to making the necessary resource available, internal and external, to ensure that this is embedded into its daily operations.” It comes almost a year after JD Sports, rival Elite Sports and Rangers were handed fines over price fixing on replica kits. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Paris St Germain sack Christophe Galtier Wimbledon schedule further affected as rain prevents play on Wednesday morning Keira Walsh fears injury ‘every time I go on the pitch’ due to increased load
2023-07-05 20:16
Paris St Germain sack Christophe Galtier
Paris St Germain sack Christophe Galtier
Christophe Galtier has been sacked by Paris St Germain despite leading them to a record 11th Ligue 1 title in his first season in charge. PSG confirmed on Wednesday that they had parted company with their 56-year-old coach just weeks after Lionel Messi’s goal secured a 1-1 draw at Strasbourg and an unassailable lead at the top of the table. A statement on the club’s official website said: “At the end of the 2022-2023 season, Paris Saint-Germain informed Christophe Galtier of its decision to terminate his contract as first-team coach. “The club would like to pay tribute to his professionalism and commitment, which helped the Rouge et Bleu win a historic eleventh French Championship title and a Trophee des Champions. “The entire Paris Saint-Germain team would like to thank Christophe Galtier, as well as his assistants Thierry Oleksiak and Joao Sacramento, for their professionalism and commitment throughout the season, and wish them all the best for the rest of their careers.” Galtier’s departure comes after 36-year-old Messi’s exit for MLS side Inter Miami, with PSG still the dominant force in France but having once again failed in their mission to win the Champions League. The 2020 runners-up went out in the last 16 last season after a 3-0 aggregate defeat by Bayern Munich to prolong owner Qatar Sports Investments’ wait for European success. Former Spain boss Luis Enrique and ex-Bayern manager Julian Nagelsmann have been linked with the impending vacancy in recent weeks, although reports have suggested talks with the German broke down last month.
2023-07-05 19:57
Former 'Smallville' actress and high-ranking member of Nxivm group Allison Mack released from prison
Former 'Smallville' actress and high-ranking member of Nxivm group Allison Mack released from prison
Allison Mack, the former "Smallville" actress and high-ranking member of the cultlike group Nxivm who was sentenced to three years in prison in 2021, was released Monday, the Federal Bureau of Prisons said in online records.
2023-07-05 19:49
Rhine River Braces for Critical Summer as Heat Bakes Europe
Rhine River Braces for Critical Summer as Heat Bakes Europe
Rhine River water levels are on track to fall to critically low levels again this summer, as extreme
2023-07-05 19:45
Ruins found of Munich synagogue destroyed by Hitler
Ruins found of Munich synagogue destroyed by Hitler
Columns and a stone tablet showing the Ten Commandments are discovered at a weir in the River Isar.
2023-07-05 19:25
Concerns travel rules will deter French visitors
Concerns travel rules will deter French visitors
Some are concerned changes to travel rules will make it harder for people to visit Jersey.
2023-07-05 19:24
Thomas Tuchel driving Bayern Munich's pursuit of Harry Kane
Thomas Tuchel driving Bayern Munich's pursuit of Harry Kane
Bayern Munich are continuing to explore a summer transfer for Tottenham's Harry Kane, but Real Madrid have decided to prioritise a move for Kylian Mbappe of PSG.
2023-07-05 19:22
Moderna Signs Deal to Make mRNA Vaccines for Chinese Market
Moderna Signs Deal to Make mRNA Vaccines for Chinese Market
Moderna Inc. will push toward producing messenger RNA vaccines for China, seeking a foothold in the world’s second-largest
2023-07-05 18:46
Marketmind: Minutes meted, China crunch
Marketmind: Minutes meted, China crunch
A look at the day ahead in U.S. and global markets from Mike Dolan As U.S. markets return from Independence
2023-07-05 18:15
Kick It Out hail Hannah Dingley appointment at Forest Green
Kick It Out hail Hannah Dingley appointment at Forest Green
Hannah Dingley’s historic appointment at Forest Green has “smashed the glass ceiling”, anti-discrimination charity Kick It Out has said. The League Two club announced Dingley as their caretaker head coach late on Tuesday night, making her the first woman to manage a professional men’s team in England. Dingley has been the head of the Gloucestershire club’s academy and succeeds Duncan Ferguson on an interim basis after his departure from the club was confirmed earlier the same day. Kick It Out welcomed the news in a tweet on Wednesday morning which read: “That’s the sound of a glass ceiling being smashed! “Congratulations Hannah on becoming the first woman to manage a men’s professional football team in England.” Dingley’s first match in charge will be the pre-season friendly away to Melksham on Wednesday evening. She said: “I’m really excited for this next step of my career. Pre-season has just begun, and the full season kicks off very soon. It’s an exciting time in football. “I am grateful for the opportunity to step up and lead such a progressive and forward-thinking club.” Rovers chairman Dale Vince has spoken previously about the club’s openness to breaking new ground, and said a female coach working in the Women’s Super League was the standout candidate to succeed Mark Cooper in 2021, but that her CV had been submitted without her knowledge. On Dingley’s appointment, Vince said: “Hannah was the natural choice for us to be first team interim coach – she’s done a fantastic job leading our academy and is well aligned with the values of the club. “It’s perhaps telling for the men’s game that in making this appointment on merit, we’ll break new ground – and Hannah will be the first female head coach in English (men’s) football.” This represents another step forward as we strive to make our game representative of the communities we serve EFL’s head of equality, diversity and inclusion Dave McArdle Women In Football chair Ebru Koksal tweeted in response to the news, describing Dingley as “a very qualified, capable, well-equipped coach” who had broken “norms and barriers, hopefully not only as a caretaker, but as a permanent appointment”. The EFL’s head of equality, diversity and inclusion Dave McArdle described Dingley’s appointment as a “welcome moment for English football” and added: “With many highly skilled and experienced coaches across the game, it was only a matter of time before the ongoing positive development of female coaches led to an opportunity in the first team at an EFL club. “It has always been a key priority for the EFL to create an environment in which clubs consider qualified candidates from an ever-widening pool of coaching talent and select the best possible person for a role. “This represents another step forward as we strive to make our game representative of the communities we serve.”
2023-07-05 17:57
Same-Sex Marriage Is Part of Reelected Greek PM’s LGBTQ Plan
Same-Sex Marriage Is Part of Reelected Greek PM’s LGBTQ Plan
Greek Prime Minister Kyriakos Mitsotakis plans to legalize same-sex marriage, a huge step forward for LGBTQ rights in
2023-07-05 17:56
OBS Group Nearing Deal for Bayer Pharma Assets in Pakistan, Sources Say
OBS Group Nearing Deal for Bayer Pharma Assets in Pakistan, Sources Say
Pakistan’s OBS Group is nearing a deal to acquire pharmaceutical assets in the country from Bayer AG, according
2023-07-05 17:24
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