United slip down earnings table

first_imgThe gloom surrounding Manchester United’s current predicament may deepen further after the club dropped out of the top three of Europe’s top-earning clubs for the first time. Bayern are third with earnings of 431.2m euro (£369.6m), then Manchester United with 423.8m euro (£363.2m) and PSG are not far behind on 398.8m euro (£341.8m). Manchester City are sixth with 316.2m euro £271m, then Chelsea 303.4m euro (£260m) and Arsenal 284.3m euro (£243.6m). Liverpool have dropped out of the top 10 for the first time since 1999 – the Reds are in 12th spot with revenue of 240.6m euro (£206m) behind Juventus, AC Milan and Borussia Dortmund, while Tottenham are in 14th place with earnings of 172m euro (£147.4m) Jones, however, believes the effect of the new Premier League TV deal, which will be reflected in next year’s money table, will see Liverpool restored to the top 10 with Everton, Newcastle and even West Ham pushing for places in the top 20 in Europe. The Money League also illustrates how clubs which are taken over by super-rich owners can swiftly see huge increases in revenue. In 2009, Manchester City and PSG were 20th and 21st in the table but have seen significant growth, notably in terms of commercial income. Both clubs have benefited from major sponsorship deals related to their owners – and PSG’s with the Qatar Tourism Authority which will net the French club £160m annually until 2016 has eclipsed City’s £400m-plus Etihad deal which is over 10 years. All such related sponsorship deals will be studied by UEFA as part of the European governing body’s financial fair play rules to ensure they are of ‘fair market value’. The table has also recorded an astonishing rise in income by the Qatari-owned French club Paris St Germain, with earnings rocketing by a record 81 per cent to see the team rise from 10th to fifth in the table ahead of Manchester City, Chelsea and Arsenal. But it will be United’s fall that will concern the club’s shareholders the most, especially since shares on the New York stock exchange are down just above the 15-dollar mark from an annual high of more than 19 dollars. Analysts at Deloitte, however, believe United will reclaim third spot from Bayern next year and are in good financial shape – though failure to qualify for the Champions League will affect the finances in the longer term. Dan Jones, partner in the sports business group at Deloitte, said: “It is the first time Manchester United have dropped out of the top three but Bayern had an exceptional year. “Next year United will have the Chevrolet deal plus other new commercial deals in their figures, and the new Premier League TV deal so we are confident they will be back in the top three. “The longer term depends in part what happens on the pitch and if they do not qualify for next season’s Champions League that is probably worth 50million euros [£41m] directly in terms of money from TV and attendances at Old Trafford.” Jones also believes United’s financial performance remains “very high” and that the club will remain attractive to investors. Real Madrid top the Money League for the ninth consecutive year, with total revenue of 518.9m euro (£444.7m), followed by Barcelona with 482.6m euro (£413.6m) – the Spanish clubs benefit financially from being able to negotiate their own TV deals. United, 14 points behind Barclays Premier League leaders Arsenal and knocked out of the Capital One Cup on Wednesday night on penalties by Sunderland, are now fourth in the Deloitte Football Money League behind leaders Real Madrid, Barcelona and Bayern Munich based on income from the 2012/13 season. The money table has been compiled by Deloitte since 1997, and for the first eight years United were the biggest-earning club in the world only to be overtaken by first Real Madrid, then Barcelona and now Bayern, thanks in part to the German side’s remarkable treble-winning season. Press Associationlast_img read more

Men’s tennis readies for ITA Southwest Regional

first_imgLogan Smith photographed by Emily Smith | Daily TrojanThe Trojan men’s tennis team heads to Malibu, Calif., on Thursday, when Pepperdine hosts the ITA Southwest Regional Championships. The opening rounds of doubles and singles will take place throughout the day beginning at 9 a.m.The Men of Troy are expected to have a strong showing at this week’s tournament: Off the bat, the Trojans have more first-round byes than any other team in the singles main draw. Out of eight players sent to Malibu, five have a bye Thursday in the round of 128, including top-seeded junior Logan Smith, No. 3 junior Jack Jaede, No. 4 senior Thibault Forget, No. 12 junior Laurens Verboven and unseeded senior Jens Sweaney. Sophomore Mateusz Smolicki, redshirt sophomore Jake Devine and redshirt junior Tanner Smith round out the remaining Trojans who will compete in the opening round.Smolicki will get things started for the Trojans, facing off against Chase Masciorini of UC Santa Barbara at 10:45 a.m. Devine and Tanner Smith both play at 12:15 p.m., as Devine takes on Daniel DeLaTorre of SDSU and Smith faces Andrew Whitehouse of Cal Poly.On the doubles side, all three of the Trojans’ duos received opening-round byes, and they will immediately advance to the round of 32. Verboven and Smolicki come in with the No. 5 seed, Jaede and Tanner Smith received the No. 6 seed and Devine and Forget are unranked. All three matches in the round of 32 will begin at 9:45 a.m.In last year’s ITA Southwest Regional, Logan Smith reached the semifinal while Forget forged his way to a defeat in the title match. Smith and Forget also paired up to take on the doubles bracket in 2016 and made it to the quarterfinal. This year, the standings are a little shaken up, with Smith surpassing Forget (No. 96) in the national singles rankings at No. 54. Jaede is also up there with them at No. 82.Both the singles and doubles quarterfinals will be held on Saturday. The semifinal is set for Sunday, and the weekend’s action will conclude with both singles and doubles championships on Monday.last_img read more

Sportech H1 2019 revenues hampered by “venues’ challenges”

first_imgShare Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Retail closures have ‘severe’ impact on Playtech August 5, 2020 Submit International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset by “venues’ challenges”.Total Group revenue for the half was £32.6m versus £33.2m in 2018, while EBITDA before sports betting investments of £4.3m and adjusted EBITDA of £3.4m were down from £4.4m and £3.9m in 2018. The adjusted EBITDA in 2019 includes £0.9m of costs related to sports betting, up from £0.5m in 2018.The firm noted that corporate costs had further reduced by 22% in the period, with positive decisions taken to restructure the business resulting in exceptional cash outflows of £1.5m, down from £1.7m year-on-year. Group net cash was £11.8m as of June 30, 2019, against £14.7m on December 31, 2018. The Board’s current outlook for the full year remains in line with expectations.In its executive summary, Playtech stated that the Tote, its core pool wagering business, has demonstrated growth, with Global Pool and World Pool initiatives now delivered. The challenges facing venues, specifically in terms of operational leverage, were being tackled via cost management, asset review and strategic initiatives it said. Lottery, meanwhile, was cited as delivering stable growth with “opportunities emerging following acquisition”. The Bump 50:50 market position, noted the firm, has been strengthened with record client acquisitions. H1 investment is core to growth plans it added.CEO Richard McGuire said: “2019 marks a year of transition for Sportech with a clear focus on challenging the predominantly ‘industrial’ culture, whilst driving efficiencies and delivering a range of products that enhance user experience. “Sportech has made good progress in the period, with the group’s senior management team bolstered to help ensure accountability and increased effectiveness across every business line. Rigorous cost management remains a core focus for the group and the Board expects to see further benefits going forward from the measures already taken.“Further digitisation across existing and new business lines, the elimination of certain expensive strategies, the implementation of a lower operational cost base, and an enhanced global suite of products form the roadmap for H2, positioning the group for 2020 and beyond. Management remain committed to delivering a superior product range to our global clients and remain confident about the group’s future potential.”Sportech’s H1 performance has not been helped by lack of movement towards legalised sports betting in Connecticut where it has invested significant energy and focus. “The situation remains complex and despite diligent efforts from numerous stakeholders, legislation was not passed during the regular legislative session, which ended in early June 2019” it said. “The group continues to work with state legislators and established state licensed gaming operators to seek a solution and deliver a comprehensive legal and regulatory framework for Sports Betting, either through a 2019 special session or in H1 2020.” Share Playtech goes live in the US with bet365 August 7, 2020 StumbleUpon Related Articleslast_img read more

Hearts of Oak sacks midfielder Obed Ansah

first_imgObed Ansah’s romance with Accra Hearts of Oak has ended pre-maturely ahead of the commencement of the 2014/2014 First Capital Plus Bank Premier League season.Sportscrusader.com has gathered reports that after the Phobians failed to raise the needed cash involved to pay for the knee surgery for the midfielder, the team has off-loaded him and declared him a free agent.Obed Ansah who has struggled with the knee and ankle injuries since returning to Hearts under Coach David Duncan played a maximum of three Premiership games for Hearts.The former Heart of Lions midfielder says he will not the least be surprised if news of his sack is communicated to him but has stressed that the Phobians never gave him fair treatment even though he was prepared to serve the club.“If I am sacked I wouldn’t worry about it because in life there are ups and downs. For all these months I have battled the club to raise the needed money so I can go for surgery to correct my problem but all of my efforts have not yielded any good results”.“That should tell me that the club does not want to invest in me so if it has come to the stage that I have to go, then I have to accept it and continue with my life elsewhere, who knows, probably God has another plan for me”. Sportscrusader.com can confirm that when the Hearts of Oak Technical team finally releases their final squad tomorrow which would exclude new entrants, Obed Ansah’s name will be missing from the list which would be presented to the Board and Management.last_img read more

Clippers’ Doc Rivers bemoans the Cavs’ firing of Tyronn Lue

first_imgDoc Rivers sometimes speaks about having been told, as a player, that he would be a good coach someday. He says he never believed it until it happened.It was Doc Rivers who suggested that Lue, as a player, might face a similar fate, having noticed Lue’s attention to detail and appetite for coaches’ scouting reports.“Ty is, he’s like my son,” Rivers said before this season began. “I love the guy. I never thought I’d tell another coach, ‘Hey love ya, take care.’ Yet every time every time me and Ty talk, that’s what we say.”Rivers said he and Lue spoke at length Sunday.“I think it’s awful,” Rivers said. “What it shows you is: Go to the Finals, win it, go to the Finals three years in a row and then come back and get fired. LOS ANGELES — For the first time in four seasons Sunday, Clippers coach Doc Rivers found himself coaching against his son – and hurting for another coach who he has likened to a son.The Clippers’ game against the Washington Wizards at Staples Center on Sunday night represented Austin Rivers’ first meeting with his former team – and his dad – since the 6-foot-4 guard was traded for starting center Marcin Gortat during the offseason.Being reunited as rivals would be fun, Doc Rivers said, in contrast to the “ugly” news that the Cleveland Cavaliers fired Coach Tyronn Lue, one of Rivers’ proteges. Lue coached the Cavs to three consecutive NBA Finals, including the 2016 NBA title, and was 128-83 on the job – but 0-6 this season, following LeBron James’ departure.Lue played for Rivers in Orlando and was one of Rivers’ assistant coach on the Boston Celtics team that won the championship before he came aboard as a Clippers assistant coach – operating as something of a defensive coordinator from 2013 until Cleveland hired him as an associate head coach the next year. Newsroom GuidelinesNews TipsContact UsReport an Error In a statement to ESPN, Lue said, in part: “I am very grateful for the dedication, sacrifice, and support of all the players on our team, the tremendous coaches I worked with and of course, our incredible fans. Lastly, deep thanks to (owner) Dan Gilbert, (former General Manager) David Griffin and (GM) Koby Altman for the opportunity over the last three years and I only wish the organization success moving forward.”Rivers said he would have had a hard time being so diplomatic.“I thought the way he handled (it), he’s better than me,” Rivers said. “He handled it with just amazing class, thanked everybody – he’s better than me.”GREAT SCOTTCoach Scott Brooks said his Wizards were happy to see Clippers forward Mike Scott, who averaged 8.8 points and shot 53 percent from the floor in 18.5 minutes per game last season for Washington. Scott signed a one-year, $4.32 million deal with the Clippers in July.“He’s loved by all of this team,” Brooks said. “We just saw him a few minutes before (when) he came in the locker room. A lot of hugs. A lot of great memories with Mike. We wish him nothing but the best and hope he has another great year.”This season with the Clippers, Scott is averaging 2.2 points in just fewer than 10 minutes per game. “It makes no sense, it’s the ugly part of our game. He’s really disappointed, but he has a lot to be proud of. He did a heck of a job in extreme circumstances and (I’m) probably no prouder (of) anybody that’s played for me and been a coach under me than Ty Lue. It makes you so angry when you see stuff like that, but there’s nothing you can do about it.”last_img read more

Building at 107 W. Lincoln has been deemed an ‘immediate hazard’ by the council

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (18) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +4 Vote up Vote down Bill · 210 weeks ago The name of the hospital in Wellington is Sumner Regional Medical Center. Yes, moral should be up the employees received at least a 3% raise. Report Reply 1 reply · active 209 weeks ago -4 Vote up Vote down iceman318 · 210 weeks ago Looks like our 2 local Vets had better get ready because the humane society site needs to be built and offer lower cost services than they charge. One is really outrageous, I know it cost to have a business but some things have to change for the better of the community. Report Reply 1 reply · active 209 weeks ago -2 Vote up Vote down LiveWell · 210 weeks ago Again, beating the dead horse. Why is the city giving our tax dollars to a non-profit organization when they own land that could be sold to fund what they are asking for???? WHY? Report Reply 6 replies · active 209 weeks ago +19 Vote up Vote down Phyllis Todd · 210 weeks ago Once again, I will point out that the Wellington Humane Society will NOT offer a low cost spay, neuter or vaccine clinic from our facility for public use. This is a false assumption. We do expect low cost for our own use in rehoming pets, but we are NOT looking to compete with the local veterinarians and their clients. As far as the idea that a non -profit would be competing with local businesses, it should be noted that the homeless pet problem is a CITY problem that , we the Humane Society as volunteers with our own personal money and time have taken care of as best we could for 18 years, without profit. Now we have through generous donations of individuals accumulated a million dollars to build a facility we can be proud of. It is time the city takes on a small portion of the responsibility via $25,000 a year for 3 years to help us hire a director to get this building up and running. It is a small request in return for the good we have and will continue to doing for this community. Where would the homeless and abused pets be without us? Report Reply 1 reply · active 209 weeks ago +1 Vote up Vote down JustMe · 209 weeks ago Does the city own the building on Lincoln? I thought I remember reading in a previous article that the owner lived on one of the upper levels? Report Reply 1 reply · active 209 weeks ago +10 Vote up Vote down Mick Jones · 209 weeks ago If the city can give the golf course a quarter of a million dollars for a sprinkler system so which only about 10 percent of the people in Wellington use, the city can come up with a few bucks for help taking care of a few unfortunate animals. Jesus people, grow a heart. Not helping abused animals is a sin in Gods eye’s. Report Reply 0 replies · active 209 weeks ago +1 Vote up Vote down boomer · 209 weeks ago Has red beards moved to a different location? Does anyone know if Spencer is still cutting hair somewhere else? Report Reply 0 replies · active 209 weeks ago +7 Vote up Vote down Kaitli · 209 weeks ago So if the hospital has made money when will they start paying their bill to the city? Report Reply 0 replies · active 209 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by James Jordan, Sumner Newscow — The Wellington City Council declared the building at 107 W. Lincoln an “immediate hazard” at its meeting Tuesday. The building that housed Redbeard’s Barber Shop on Washington and Lincoln Streets, has been roped off for a couple of weeks after the building’s owner got an engineers report that showed the building”  is in very bad condition.Building at 107 W. Lincoln.The city will hire a Wichita company to stabilize the building, using steel posts and plates. Wellington city building official Richard Jack estimated it could cost $3,000 to $5,000. The city is waiting to receive another engineer’s report that will give them more specific information.Mayor Shelley Hansel said she hopes the building can be saved.Jack said the building is an immediate hazard. He said it is not likely to fall down in the next day or two, but it could within a month’s time if stabilization measures are not taken. He said the entire building is not damaged. It is just the southeast corner, but that has damaged the structure enough to make the three-story building weak enough to fall down.The building could fall on itself, and crumble, and that would be a best case scenario, he said. It could also fall causing damage to nearby buildings, so they don’t want to just let it fall.Jack told the council he wants to keep the building from being destroyed, and added it would cost between $50,000 and $100,000 to demolish the building. Because of its size there is no company in Wellington, or Sumner County, that could handle the job.———Upcoming meetingsAugust 8. Work session on raw water issue.August 16, Regular meeting with budget hearing.August 22. Work session with the Humane Society.———Humane SocietyThe council had a fairly long discussion with Linda Stewart, who was representing the Wellington Humane Society. The organization is planning on building an animal shelter for the county, and it has the land and most of the money it needs. The city has pledged $25,000 for the 2017 year for the society to hire a director. That council could approve the release of the money when the Humane Society is ready to hire a director.Several questions had been raised though, and there is apparently concern among local veterinarians as to whether the shelter will create competition for their businesses. Currently, local vets take care of all the animals, and most agree a shelter is needed.It is possible the shelter could have an office where a veterinarian could rent and take care of animals. If the center ran a lot of low-cost spaying and neutering services, that would have an effect on local veterinarians.Council members had encouraged her and the veterinarians to talk more, and they have, and a work session has been scheduled to talk more about the issue.There is also whether the city should give money to a non-profit organization that would provide services that compete with local businesses.Stewart said” grocery stores don’t complain when the food bank gives away food, and she” didn’t see a difference in that and the humane society’s situation. It was pointed out the city doesn’t directly support the food bank. Council members expressed support for the humane society.———Hospital ReportSouth Central Regional Medical Center board member Terry Deschaine gave an update on the hospital and his report was positive.“I feel real good about morale at the hospital and in the community. It was not that way a year ago,” he said.He said through the end of June the hospital has shown a net profit of $228,000. By comparison, in the first six months of 2015, the hospital lost $1.6″  million and there were fears the hospital might have to close.He said the hospital still struggles to have cash on hand, but it is getting better. A big issue has been billing and that has been resolved to some degree.“The hole is not getting deeper, like it was a year ago,” he said. “œI think we are going in the right direction.”He said the hospital has been having trouble getting nurses, and that is a problem for rural hospitals in the area.Follow us on Facebook.Follow us on Twitter.last_img read more