
Factbox-European companies cut jobs as economy sputters
Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring
2023-06-23 18:52

Factbox-EU targets sanctions circumvention with 11th package against Russia
BRUSSELS The European Union formally adopted on Friday its 11th package of sanctions against Russia over its invasion
2023-06-23 18:28

Bill Kenwright to stay on as Everton chairman despite supporter protests
Bill Kenwright will stay on in his role as Everton chairman, the Premier League club have announced. Following the departures of chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles and non-executive director and former striker Graeme Sharp last week, the future of long-serving chairman Kenwright had appeared in doubt. However, Everton owner Farhad Moshiri revealed on Friday morning that Kenwright had accepted his request to remain at the club and help them through a period of transition. The recent board changes came in the wake of numerous supporter protests, with Kenwright, who has spent 19 years in his current role and is understood to have been planning to step down, the main target for fans’ anger. “I wanted Bill to remain as our chairman during this important period of transition for the club and I am delighted that he has accepted my request to do so,” Moshiri said in a statement on the Everton website. “Bill’s knowledge and vast experience will be crucial for us as we look to reset, deliver on external investment and position Everton for a successful future.” Everton also announced the appointment of Colin Chong as interim chief executive and director, while James Maryniak becomes interim chief finance officer. Chong is currently the chief stadium development officer and has been focusing on the move to Bramley-Moore Dock, with Maryniak the club’s director of finance. “In Colin and James, we have two experienced senior club professionals who have agreed to take on enhanced roles on an interim basis, and who we know can and will deliver immediately,” Moshiri said. As part of the changes, majority shareholder Moshiri will also join the board as a non-executive director alongside John Spellman, an experienced chartered accountant and Everton supporter. American investors MSP Capital are close to agreeing a deal to buy a stake in the club, possibly up to 25 per cent. Everton are also facing a Premier League charge for breaching profit and sustainability rules, having made cumulative losses of more than £430million over the last four seasons. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Ireland international Jean Kleyn cleared to represent South Africa Aston Villa captain John McGinn signs new long-term deal England bowler James Anderson admits struggles on ‘kryptonite’ Edgbaston pitch
2023-06-23 17:48

Saudi-bound Ruben Neves is the face of a changing game in more ways than one
“I want to play Champions League football,” said Ruben Neves, as, all of a month ago, he explained why he might leave Wolves. Maybe he had just omitted a word, because, after winning the Saudi league, Al Hilal can provide him with that chance. He is bound for the Asian Champions League. A swift change of destination on the exit from Molineux – to Riyadh rather than Barcelona – has left Neves accused of paying greater attention to his wallet than his heart, to his bank balance than his ambitions. If many of the others decamping to Saudi Arabia are in their thirties, signing up for a final pay day, Neves is 26. He may be a trendsetter if others in their prime follow suit or, like Oscar, who left Chelsea for China at 25, be seen as a player who gave up his seat at the top table too soon. The simplistic accusation may be to brand Neves a mercenary. The reality may be more complex: not for the first time, he is an example of trends in the modern game. He is joining Al Hilal for £47m; the price could appear inflated, given that he had a solitary year left on his contract at Wolves, or market value, considering his class as a passer. Either way, it put him beyond Barcelona’s reach, even before the availability of Ilkay Gundogan on a free transfer meant they could acquire a top-class alternative rather cheaper. The dream move was stripped of any realism. Barcelona’s financial difficulties have altered the equation for many another who might otherwise have been bound for Catalonia, as Neves’ Portugal teammate Bernardo Silva can testify. The broader collapse of the European transfer market is part of a wider theme affecting Premier League clubs and their greater struggle to sell. There are only a handful on the continent capable of paying a £47m fee for a midfielder; if, for various reasons, they can be ruled out, it reduces the alternatives to the big buyers in England. That they have overlooked Neves points in part to the high number of talented midfielders on the market this summer, but also to the sense he is a man out of time. A languid passer may not suit sides with a greater focus on pressing. Neves may not be a Jurgen Klopp, Pep Guardiola or Mikel Arteta-style midfielder. But the changing dynamics in the game may have meant he was an ever more incongruous presence at Molineux. Odd as it felt that he traded the Champions League – where, at 18, he was its youngest ever captain in his Porto days – for the Championship, his first three years at Wolves were an unqualified success, with promotion and successive seventh-place finishes. The last three, however, have been underwhelming, with mid-table finishes, a lack of goals, and this season, a flirtation with relegation. Neves has still been excellent. Wolves have not been. He has been their classiest player since their golden age more than six decades ago; the added benefit was that he stayed for six years and 253 games. The axis of Neves and Joao Moutinho brought a level of style Wolves may not see again in midfield for decades. But if Neves is leaving a traditional club for a new player in the football firmament, an alternative perspective is to say he has traded one moneyed project where Jorge Mendes has exerted an influence and where Portuguese players have signed up for another. The super-agent has a habit of spotting opportunities and Wolves, under the ownership of Fosun, provided one. Not that Wolves provides such scope for signings this summer. As even Julen Lopetegui seems to have belatedly acknowledged, they have an issue with Financial Fair Play. Heavy spending in the last two windows was often misguided – Goncalo Guedes and Matheus Cunha, particularly – while a lack of buyers on the continent means Wolves cannot recoup much of their money. Neves was one of the few remaining assets, a footballer who had publicly said his time was up without having a better exit strategy. Lower mid-table at Wolves followed by a spell in Saudi Arabia was scarcely the career trajectory that many envisaged when he was skippering Porto in the Champions League as a teenager. Sympathy may be in short supply, given the probable scale of his remuneration. He may be happy at Al Hilal. But Neves, a quality player at his peak, seemed short of options. And if that is a shame, it is also part of a bigger picture. Once again, Neves is a sign of how the game is changing. Read More Saudi Arabia money has turned transfers into ‘chaos’ – will it last? N’Golo Kante, the midfield miracle worker who changed football
2023-06-23 14:23

A 99% Stock Crash and Shock Default Raise Alarm in Thailand
Only a year ago Stark Corp. looked like a Thai corporate success story. Backed by a wealthy local
2023-06-23 14:18

Football rumours: Manchester United and Chelsea agree fee for Mason Mount
What the papers say Chelsea midfielder Mason Mount looks set to sign for Manchester United after the clubs found a middle ground for the deal, according to the Mirror. United will get their man for £60million after their £50m bid was rejected. The Blues had hoped for £70m for Mount, who scored three goals in 24 Premier League games last season. Arsenal believe their top target Declan Rice could captain the club as they look to secure the West Ham and England international midfielder’s signature, the Daily Mail reports. The Gunners will face stiff competition as Manchester City are planning to join the race for the 24-year-old, the Guardian said. The Guardian also report that Tottenham are the frontrunners to sign Leicester City and England midfielder James Maddison. After Southampton’s relegation to the Championship, the Independent report that James Ward-Prowse is open to a move to Fulham. Social media round-up Players to watch Mohamed Salah: The 31-year-old Liverpool forward is being targeted by the Saudi Pro League, FourFourTwo reports. Viktor Gyokeres: Coventry City’s Swedish forward is in high demand with Brentford, Fulham, West Ham and Wolves fighting for the 25-year-old. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live On this day in 2013: England beaten by India in Champions Trophy final Rory McIlroy claims first PGA Tour ace at Travelers Championship Will Jacks heroics in vain as Middlesex pull off record chase against Surrey
2023-06-23 14:15

Hornets Mascot Doesn't Look Happy With Brandon Miller Pick
Hugo the Hornet didn't look thrilled by Charlotte's pick of Brandon Miller.
2023-06-23 10:25

3 top NBA Draft prospects all named Russell Westbrook as their favorite player
Three of the best prospects in the 2023 NBA Draft listed Russell Westbrook as their favorite NBA player.Russell Westbrook's place his NBA history has been a hot debate topic in recent years.The former MVP's unique style has left the public opinion split. Some think he's a gene...
2023-06-23 07:52

Deion Sanders undergoing emergency surgery for blood clots found in legs
Colorado football head coach Deion Sanders is undergoing emergency surgery for blood clots found in his legs.Last week, there were rumors that former NFL player and current Colorado football head coach Deion Sanders might have his left foot amputated after years of issues concerning the foot. An...
2023-06-23 07:25

Factbox-Flurry of US-India deals on AI, defense as Biden, Modi meet
By Jarrett Renshaw (Reuters) -Indian Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington on Thursday and
2023-06-23 05:45

Man City fans faced ‘problems’ at Champions League final, Uefa president accepts
Uefa president Aleksander Ceferin has admitted “not everything was perfect” for supporters at the Champions League final in Istanbul. Manchester City supporters reported issues with transport to the out-of-town Ataturk Stadium for the showpiece match on June 10 against Inter Milan, as well as a lack of toilets and limited access to water. Football Supporters Europe is gathering fan accounts from Istanbul in order to compile a report to present to Uefa. Ceferin, speaking at the European Football Fans Congress in Manchester, said this year’s men’s and women’s club competition finals “proved Uefa had learned from past mistakes”, but he added: “We’re well aware that in Istanbul not everything was perfect and I’m certainly not playing down the problems encountered by some. “But let us continue working together to improve what we can improve. I’m thinking in particular of transport links, to better understanding the hosting of disabled supporters and access to water and toilets for everyone. “I can assure you that next year’s Champions League final at Wembley and Euro 2024 in Germany will be a unique experience for fans.” Close to the start of his address, Ceferin referenced the extremely serious issues which faced Liverpool fans in particular at the 2022 Champions League final in Paris. An independent report into the chaos at the match in the French capital found Uefa bore “primary responsibility” for what almost became “a mass fatality catastrophe”. Ceferin said: “Given what some of you experience recently, I would understand if I got a cold reception. “I also came here to say sorry. We would love to erase events that happened last year. Everyone welcomed the decision to move the Champions League final from St Petersburg to Paris and we know what happened. “Good intentions are often not enough, we know that and we are sorry for that. “I think we should roll up our sleeves and ensure that attending a football match remains a unique and unforgettable experience for everyone.” Ceferin said he had also come to ask a favour of supporters. “Our relationship cannot be one-sided,” the Slovenian said. He said Uefa needed help to get rid of the “idiots” who “hide in the ground” and behave abusively. “Let’s work together to put our house in order and ban from stadiums anyone who comes to a stadium not for the love of football, but with hatred for others,” he said. Ceferin again thanked fans for their crucial role in causing the collapse of the European Super League in 2021. “You were not just the 12th man, you were the first name on the team sheet for a match that lasted not 90 minutes, but 48 hours,” he added. “You saved football, and for that football lovers will be grateful forever.” Ceferin also said fan pressure - along with lobbying from Europe’s domestic leagues - had been key in limiting the expansion of the Champions League’s new league phase from 2024-25 to eight matches instead of 10. He said the move had cost clubs “hundreds of millions of euros” but said Uefa was sticking with it because “it is the right thing to do”. Read More ‘A dangerous mess’: Uefa under more pressure from fans after Champions League final chaos Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-23 02:57

Chelsea owners buy stake in French team as part of multi-club ownership plans
Chelsea’s owners BlueCo have agreed to buy a stake in Ligue 1 club Strasbourg to take a significant step forwards in their plans for multi-club ownership. The consortium, which purchased the Premier League club in May last year, are become new shareholders “subject to a consultation process with the relevant employee representative bodies”. A statement said: “The shareholders of Racing Club de Strasbourg Alsace today announced an agreement with BlueCo, the consortium which purchased Chelsea FC in May 2022. “The agreement would mark a new chapter in Racing’s history as the ownership consortium commits to accelerate sustainable investment in the club’s growth, including in the first teams and in the Academy, in continuity with the project implemented by Marc Keller, who would remain president of the club, supported by his current management team. “Through its involvement and recognised expertise in sport, BlueCo plans to make an active contribution to the development of the model implemented by Marc Keller, first, financially, by providing capital that will enable investment in the men’s and women’s first teams, the Academy and across the club. “It also plans to provide Racing access to broad resources and collaboration. Racing’s teams would be able to exchange advice and expertise with Chelsea and the other teams which the owners are involved with. “In accordance with Professional Football League regulations, the project was presented today to the Direction Nationale du Contrôle de Gestion (DNCG), whose assessment is expected in the coming weeks.” This strategic investment would further our presence in European football, alongside our ownership of Chelsea. BlueCo BlueCo believe the “strategic investment” would enhance their presence in European football. A statement said: “It is an honour for us to be part of this historic club. We are committed to preserving the heritage of Racing and are focused on working closely with Marc and his management team to continue the excellent work they have been doing. “This strategic investment would further our presence in European football, alongside our ownership of Chelsea. We believe it would create huge opportunities to share knowledge and expertise.” Former France international Keller, who had spells as a player with English sides West Ham, Portsmouth and Blackburn, became Racing’s president in June 2012 with the club in serious danger of liquidation. It has since returned to Ligue 1 and established itself as a fixture, and played in the Europa League in 2019-20 after winning the League Cup. Keller said: “The aim is to enable Racing to be even more ambitious and competitive in a football world that has changed considerably, particularly with the massive arrival of foreign investors in many French clubs and the evolution of Ligue 1 from 20 to 18 clubs. “The arrival of the consortium should enable us to take this step forward.” The news was confirmed as Chelsea found themselves thrust into the spotlight as a series of players, led by World Cup winner N’Golo Kante, prepare to leave the club for the riches of Saudi Arabia amid speculation that the clear-out could ease their Financial Fair Play worries. The Blues, under chairman Todd Boehly, have invested in excess of £650million in new signings since the takeover was completed.
2023-06-23 02:55