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DUBLIN Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales,

Newcastle are confident Bruno Guimaraes will sign a new contract despite interest from Barcelona.

By Steve Gorman In the 2015 sci-fi film "The Martian," Matt Damon stars as an astronaut who survives

On the day that one of the most sensational spells in any club’s history ended, many of the Leicester City squad and staff inevitably discussed “how it had come to this”. There was a general feeling that a wider malaise had afflicted the team, affecting “confidence and belief”. Some were more direct. “Brendan.” Questions can be asked of Brendan Rodgers but it still feels wrong to put so much on a manager who lifted the club to the first FA Cup win in their history and successive fifth-place finishes. That really just illustrates how thin the margins can end up being for those outside the mega elite, and how even “model clubs” can quickly become examples of something else entirely. There is even a lesson here for a club as brilliantly run as Brighton. Both of Leicester’s fifth-place finishes came in Covid seasons, as the wider game itself lost so much money, and the club’s owners suffered huge losses from the immense impact on their duty-free business. Had either of those campaigns brought Champions League football, and the greater prize money it produces, they might well have had enough to prevent the deep drop-off that has now seen them drop down to the Championship. Many with knowledge of the club ultimately put it down to a lack of investment to build on the fine team they had. Uefa’s new financial sustainability regulations actually meant they had to go in the opposite direction, to bring down a huge expenditure-to-revenue ratio. Others from the industry argue that it goes even deeper, and beyond the money spent. It was how it was spent. The recruitment that had served them so well for half a decade has actually been “woefully inadequate” for at least five windows. As an example of that, Rodgers badly needed a ball-playing centre-half after winning the FA Cup, in order to pin his tactical idea together but also bring the team on. Leicester instead signed Jannik Vestergaard for a fee understood to be around £16m, even though he had one year left on his Southampton contract. The Dane was just never a fit, and it meant that Leicester couldn’t go back into the market in the same way. It was quite a difference from so seamlessly replacing Harry Maguire and shows why Leicester have now fallen so far. It also proves something else, separate from the club. The idea of buying low and selling high is the obvious model for so many of those outside the elite due to the economic stratification of the game, but it is still asking so much to get it right continuously. In some cases, one slip can cause you to fall much more quickly. Leicester were wealthy enough to be insulated from that but not from the reality that it is statistically impossible to keep that going indefinitely. It was this that deepened the concerning mood within the club in the summer, even if there is a fair argument that the Rodgers era was already going “stale”. That does happen, but what happened here was that the effect got worse. Leicester needed a change. The club instead hung on, in part due to the finances. Rodgers himself didn’t have the same brightness about him. It all got rather dull, and began to cascade. The brutal truth for the players is that none of this is a sufficient excuse for where they are. Their starting line-up was stronger than half the teams in the Premier League. That will be emphasised by so many top-six clubs coming in for their players. James Maddison is expected to go to Newcastle United. Aston Villa look favourites for Harvey Barnes, but they will now have considerable competition. Youri Tielemans has been looked at by almost every one of the wealthiest seven clubs. None of these players should have been in this situation, no matter how bad it was getting. That is summed up by the fact that, before you even get to the fees that will be paid this summer, this is one of the best-paid squads to ever be relegated. The wage bill was one of the highest in the Premier League. In going down, Leicester have actually defied the economic realities of the sport in the same way they did in enjoying one of the sport’s greatest peaks. The dream they have lived has had the most abrupt wake-up. Appropriately, there remains the sense they just “sleepwalked” into this situation, “too good to go down”, all of that. In some ways, the speed with which it all unravelled ensured no one really grasped what was actually happening until it was too late. If an era has now been consigned to history, though, it doesn’t necessarily mean it is entirely negative for the future. Leicester have to sell but still have so many advantages over the rest of the Championship. They did use the sensational Premier League success of 2016 to build a new infrastructure, landmarked in their hugely impressive Seagrave training ground. They could well come straight back up. There is also something else to be recognised here. Over the last seven years, Leicester have enjoyed more glory and deeper emotion than most clubs have in their entire history. They had the most sensational title win of all. They then won the FA Cup at last, having previously lost four finals and had that heavy weight over the club. And that’s only when you consider the successes. This is also a club that had that great escape, the nature of Nigel Pearson’s departure, Claudio Ranieri’s surprise appointment and shock sacking and their club legend’s wife getting involved in a media circus. Tragically in the true sense of the word, and in something that really warrants a solemn separate recognition, there was the death of the owner Vichai Srivaddhanaprabha and those who were travelling with him. That is almost too much to even register. It is little wonder that Dean Smith said after this game he couldn’t explain how this happened. And yet it is traceable. It’s also something other clubs can look at. One of the most remarkable Premier League stories of all naturally has a few lessons. Read More Leicester’s unexpected twist provides reminder of football’s new reality How the final day played out as Everton survive and Leicester relegated with Leeds Gary Lineker congratulates Everton but ‘gutted’ as Leicester suffer relegation Doucoure the saviour, Spurs at a crossroads: 6 final day talking points Leicester’s unexpected twist provides reminder of football’s new reality How the final day played out with Everton surviving relegation fight

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By Paritosh Bansal Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now,

Binance tapped Richard Teng to head all its regional markets outside of the US, a swift and steady

Are there two better words in professional sports than Game 7?That’s what we have in the Eastern Conference Finals with a trip to the NBA Finals on the line on Monday night.The Boston Celtics need a win to become the first team in NBA history to come back from a 3-0 series deficit, and...

The taunts came from 40 miles apart, some from a different game altogether. Perhaps it is a sign of Leeds’ prominence and of their size that their failings bring such schadenfreude. The chorus from Old Trafford was familiar, but it has rarely been truer. “Leeds are falling apart again,” sang the Manchester United fans. And so, at Elland Road, chanted the Tottenham supporters. They weren’t wrong. In 2023, Leeds have lost two managers, their director of football and their Premier League status. They may yet lose prospective owners if the San Francisco 49ers decide they do not want a Championship club. They may be stripped of a host of players, if some of Rodrigo, Jack Harrison, Wilfried Gnonto, Tyler Adams, Luis Sinisterra and Robin Koch are poached by top-flight clubs; each is good enough to remain in the division. Leeds were not. Majority shareholder Andrea Radrizzani had called relegation “impossible” at the start of the season; it became inevitable by the end. Radrizzani had said in 2021 he wanted European football within three years and Leeds face a lengthy journey next season: it is 322 miles to Plymouth. Whether Radrizzani, who has just bought a stake in Sampdoria, is still at the helm remains to be seen. Leeds are falling apart off the pitch. They fell apart on it, too. In 13th place when they won their 29th game of the season, they took a mere two points from the remaining nine. They conceded 29 goals in that time. They fell apart defensively, letting in 18 goals in their last five matches under Javi Gracia and 11 in four under Sam Allardyce, the supposed defensive strategist. Scroll back a couple of years and Leeds were the neutrals’ favourites. Marcelo Bielsa’s team were cavaliers. Allardyce approached a must-win game with six defenders in his starting 11. Leeds still conceded four times to Tottenham. It summed up the shift in identity, or indeed the loss of one. Under Bielsa, Leeds had the clearest, most idiosyncratic philosophy of all: ultra attacking, very high tempo, man-marking all over the pitch. Jesse Marsch was Bielsa’s successor but not his heir; under Gracia and Allardyce, they abandoned many of their pressing principles but without replacing them with anything coherent. “What is the strategy of the club?” Allardyce asked after relegation. In its own way, his own appointment confirmed there is none now, beyond pressing the panic button. There was an element of farce amid the failures. A strategy? Two of Leeds’ coaching staff, Allardyce and Robbie Keane, met at Soccer Aid. Allardyce’s four weeks have included the suggestion no manager is better than him, which he hailed as a masterly deflection strategy, complaints about jury duty and the revelations of his concerns about climate change and AI. He picked up a £5 note from the touchline at West Ham and £500,000 for four weeks’ work; it worked out at £500,000 per point. Some at Leeds had laughed when Allardyce put himself forward for the job in February; they weren’t laughing in early May when they turned to him out of desperation. Chief executive Angus Kinnear wanted him, director of football Victor Orta did not. The season was a hubristic fiasco for both, for Radrizzani, for Leeds in general. Allardyce was a symptom as much as a cause, a four-game exercise in wishful thinking. Leeds had lined up Marsch to succeed Bielsa, perhaps overlooking better candidates, and no one to replace the American; neither Andoni Iraola nor Arne Slot wanted to be parachuted into a relegation battle mid-season, each perhaps thinking he had better options. They can count the cost of two terrible striking decisions: Jean-Kevin Agustin’s 48 minutes of football in a loan spell in 2020 will cost around £40mn while January’s £35m signing Georginio Rutter made one league start and did not register a shot on target. So Leeds spent £150m to regress this season. They did so with several signings who did not work – Weston McKennie, Brenden Aaronson, Rasmus Kristensen, Rutter - and it in different ways: losing 25 points from winning positions reflected badly on Marsch and his inability to bring any kind of control. It was also a sign of defensive ineptitude: after conceding 79 goals last season, Leeds let in a further 78. A mere five clean sheets, none in the last 14 games, suggested Orta was a poor judge of a defender – Junior Firpo, a disaster of a left-back, is a particular indictment – and showed what a troubled season Illan Meslier had. “Professional suicide,” said Allardyce and if he was talking about the Spurs game, the comment applied to much of the season. Leeds can wonder if it would have been different but for Patrick Bamford’s missed penalty against Newcastle. The real turning point of the season felt Crystal Palace’s burst of five goals in 32 minutes. Yet problems multiplied: Allardyce said they lacked strength in depth while Luke Ayling questioned their fitness after defeat to West Ham. They were running machines under Bielsa, perhaps burnt out by the end of his reign, while struggling to turn kick and rush into a winning strategy under Marsch. Sporadically, it looked brilliant: August’s demolition of Chelsea was emphatic, October’s win at Anfield historic. But Chelsea finished their own worst season for decades by retrieving Leeds’ messages from last summer to quote-tweet them; schadenfreude abounded at Stamford Bridge, too. Leeds should have more serious concerns. The last time they dropped out of the Premier League, it took them 16 years to return. Unlike in 2004, they are not in financial peril now. But, after a season when Leeds’ plans went horribly wrong, they need an owner, a manager, a director of football and a strategy. Read More Leeds’ relegation confirmed as Harry Kane hits double in Tottenham win How the final day played out as Everton survive and Leicester relegated with Leeds Premier League 2022/23 season awards: Best player, manager, transfer flop and breakthrough act

Jude Bellingham has been named the Bundesliga’s player of the season. The England midfielder won the award just two days after his club Borussia Dortmund missed out on the Bundesliga title to Bayern Munich on goal difference. Bellingham has made more than 130 appearances since joining Dortmund from Birmingham for just over £20million three years ago. “Every year or half year that I’ve played at the club, my responsibility in the team has increased,” Bellingham was quoted as saying on the official Bundesliga website. “I have to continue to be everywhere on the pitch and try my best to contribute going forwards and backwards and try and control games, try to dominate the midfield. “My teammates, the coaches and the staff have helped me to develop. “I came to the club as a talented lad, but I have added elements to my game that have taken it to the next level and I think that’s down to them, mainly.” Bellingham, who turns 20 next month, captained Dortmund this season to become the club’s youngest-ever skipper and scored 14 goals in all competitions. He has been strongly linked to a move away from Germany this summer, with Real Madrid reportedly leading the race for his signature. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Wuhan, the largest city in central China, has publicly demanded that hundreds of local companies repay their debts, in an extremely rare move that highlights the dire financial situation facing many of the country's municipal governments amid economic uncertainty.

TAIPEI--(BUSINESS WIRE)--May 29, 2023--