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Chinese football: action planned on 'irrational' salaries

BEIJING (AP) — China's football association said Monday it plans a series of measures in response to 'irrational' spending by clubs on transfer fees and player salaries, amid concerns that foreign stars are crowding out local talent and harming the country's goal of becoming a global force in world football. The Chinese Football Association said in a statement Monday that the unidentified steps would target the 'operations and management' of teams in the top-tier China Super League and the China Premier League one step below it. The new measures will address 'recent irrational investments by clubs, high-figure transfer fees and salaries paid to domestic and international athletes and other issues,' the CFA said in a news release. Gaudy spending by Chinese clubs on players such as Argentina's Carlos Tevez has drawn global attention, raising fears among some that foreign stars are depriving local players of opportunities to grow. That could stifle the government's attempts to produce talent capable of achieving its stated goal of winning the World Cup by 2050, part of Chinese President Xi Jinping's push to make football success a national priority. Even in that endeavor, China is relying heavily on foreign talent, having hired veteran Italian coach Marcello Lippi to helm the men's national team. Other rules announced by the CFA appeared firmly aimed at addressing the lack of opportunities for Chinese players. They reduce the number of foreign club players who can appear at any given time from four to three and state that each team's starting list must include at least two Chinese players under age 23. Despite misgivings, Chinese clubs have continued to spend heavily over the past year to attract mainly South American stars. Apart from Tevez, whom Shanghai Shenhua said it paid an $11 million transfer fee to Argentine club Boca Juniors to acquire, they include Oscar, purchased from Chelsea, Brazilians Hulk, Ramires, Alex Teixeira and Paulinho, Colombian striker Jackson Martinez and Argentine forward Ezequiel Lavezzi. Altogether, Chinese Super League clubs splashed out close to $300 million in the winter transfer window on big names. .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

A guide to FIFA's options for expanding the 2026 World Cup

GRAHAM DUNBAR, AP Sports Writer   FIFA is preparing to decide Tuesday on adding 16 more teams to the 2026 World Cup for a 48-team tournament. President Gianni Infantino's favored format would break with soccer tradition to play in groups of only three teams. Two would advance from each group to a Round of 32 knockout bracket. If agreed by the Infantino-chaired FIFA Council in Zurich, the 2026 hosting contest could formally open in weeks. A co-hosted North American bid is widely seen as the best option. Here are some things to know about overhauling the greatest competition in the world's most popular sport: ___ WHY EXPAND? A bigger World Cup was an Infantino campaign promise before his election last February, when his plan was 40 teams. It might have been key. Infantino's momentum for victory in a second-round poll was a three-vote lead over Sheik Salman of Bahrain in the first. Sheik Salman had promised only to review if more World Cup teams were wanted. Infantino also pledged to give more of FIFA's money to member federations — all 211 are now entitled to $5 million from each World Cup — and send more to continental and regional soccer bodies. So, more teams also had to mean more games, earning more revenue from broadcasters and sponsors. The '16x3' format arguably works better with only group winners advancing. But that would leave total matches unchanged at 64. Infantino also wants to create fervor in the extra countries which would qualify. In the short-term, competing national teams attract more sponsors. The long-term goal is appealing to more young people who are the future players, fans and officials. Expect to hear much FIFA talk of helping the next Costa Rica or Iceland — feelgood stories at the 2014 World Cup and Euro 2016 — by inviting 16 more teams to the party. ___ 48-TEAM OPTIONS A near-consensus is growing around the '16x3' option revealed just one month ago. All 80 games would be played in exclusive time slots. That's more hours of TV exposure for sponsors and sales time for broadcasters in the same 32-day tournament period. By advancing two teams from each group, a Round of 32 ensures most teams still play at least three matches. FIFA's own analysis predicts this format will raise revenue by 20 percent from the equivalent $5.5 billion forecast from the 2018 World Cup in Russia. The flaw for purists is planning for penalty shootouts to settle drawn group matches. If each game has a 'winner' that guards against teams colluding on a mutually favorable result in the last group games. Previously, Infantino suggested an opening playoff round of 16 matches to decide who would join 16 seeded teams in a traditional 32-team group phase. That was unacceptable to many FIFA members federations who said 'one-and-done' teams were not part of a real World Cup. It also would stretch the tournament to 39 days. ___ 40-TEAM OPTIONS Infantino's plan from one year ago is now almost friendless. Either of two options, 10 groups of four teams or eight five-team groups, gives lopsided or weak match schedules, FIFA judged. In '10x4,' only 76 matches are played and only six group runners-up advance from a muddled tiebreaker process to a Round of 16. In '8x5,' the 88 matches include meaningless ones in a flabby group phase ripe for collusion. Also, the four semifinalists would play eight matches and that workload is unacceptable to European clubs releasing employees to national-team duty. ___ PROVEN 32-TEAM FORMAT Why fix something that is not broken? Germany, the defending champion, has publicly asked this question. The 32-team format and perfect 64-match bracket has worked well since being introduced at the 1998 World Cup in France (where Europe had 15 teams). FIFA acknowledged that it produces the best soccer — 'the highest absolute quality' of games pitting high-ranked teams against each other. Recall that former winners Italy, England and Uruguay were drawn in the same 2014 World Cup group — and yet Costa Rica finished top. Still, enough of FIFA's 211 members want change and their chance to play. ___ WHO WILL PLAY? A big question is likely not being resolved Tuesday. FIFA has yet to announce exactly how many entry slots each of six confederations would get for their own qualifying program. Quotas for a 40-team World Cup were proposed in December 2015 by a FIFA advisory group that included Infantino, then UEFA's general secretary. Some saw a cynical move to sweeten skeptical FIFA voters who were being asked to vote through modernizing and anti-corruption reforms on the same day they picked a new president. Then, assuming a single host nation would get automatic entry, the proposal for sharing 39 qualifying slots was: Europe 14; Africa 7; Asia 6; South America 5; North, Central America and Caribbean 5; Oceania 1; plus a final slot awarded 'based on sporting merits using a method yet to be defined.' Going from 40 to 48 can add at least one more from each continent. Who could those new teams be? On current form, maybe Wales and Panama, Congo and Burkina Faso, Uzbekistan and Oman, will bring something new to the 2026 World Cup. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

OFW money hits nine-month high

Money sent home by more than 10 million Filipinos working overseas continued to rise in September, insulating the economy from global volatilities and fueling domestic spending......»»

Category: financeSource:  thestandardRelated NewsNov 15th, 2016

Globe launches free eLibrary to benefit over 15M public school students nationwide

OVER a┬áthousand educational e-books appropriate for K-12 learning will be made available to over 15 million public elementary and high school students and some 500,000 public school teachers nationwide beginning September 30 as part of the Global Filip.....»»

Category: newsSource:  remateRelated NewsSep 29th, 2016

Exclusive: SWIFT discloses more cyber thefts, pressures banks on security

SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank......»»

Category: newsSource:  mb.com.phRelated NewsAug 30th, 2016

BIR loses P700-M tax case

The Bureau of Internal Revenue (BIR) has lost a P700-million tax collection case against a contractor of high-end condominium buildings in Bonifacio Global City, Taguig, after the Court of Tax Appeals nullified the deficiency assessment notice issued to t.....»»

Category: newsSource:  tempoRelated NewsAug 29th, 2016

Motorcycle makers target to breach 1-M sales in PHL market

MANILA -- Motorcycle manufacturers target to sell over one million units this year, the Motorcycle Development Program Participants Association (MDPPA) said on Thursday......»»

Category: newsSource:  mb.com.phRelated NewsAug 18th, 2016

Navy plans to acquire 180 units of high-explosive rockets

THE Philippine Navy (PN) plans to acquire 180 units of high-explosive rockets for its two attack helicopters. The Navy is allocating the sum of PHP25.2-million for the acquisition of 180 rounds of 2.75-inch rockets (MOD 2) with high-explosive warheads. Th.....»»

Category: newsSource:  remateRelated NewsAug 11th, 2016

Auto sales zoom to record in 2016

MANILA, Philippines - The Philippine automotive industry finished 2016 with record sales of 452,751 units, fueled by a robust economy and stronger spending p.....»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Darvish wants to prove himself in final year of Texas deal

STEPHEN HAWKINS, AP Sports Writer br /> DALLAS (AP) — Yu Darvish marked his five-year anniversary as a Texas Ranger this week. Now healthy again, he wants to prove how good a pitcher he is. 'It's not much about my contract, but coming back from Tommy John surgery,' Darvish said through his interpreter at the Rangers' winter banquet Friday night. 'This will be my second year to see how my body reacts and how much I can do to prove how good of a pitcher I am. That's what I'm looking forward to.' Darvish is entering the sixth and final year of the contract he signed with the Rangers in January 2012 after seven seasons in Japan. While the 30-year-old Darvish is 46-32 with a 3.29 ERA in 100 career starts for Texas, he missed all of the 2015 season because of the surgery and didn't pitch for the Rangers last season until May 28. Darvish was 7-5 with a 3.41 ERA and 132 strikeouts in 100 1/3 innings during the regular season. But in his first AL Division Series start last October, he gave up a career-worst four homers. Three of them were in the same inning of a 5-3 loss to Toronto in Game 2 of the best-of-five series that the Blue Jays swept. 'I would love to pitch in that kind of situation again this year,' Darvish said. 'And I would like to pitch very well.' Darvish said he just started throwing again and feels 'really good.' Texas spent more than two years scouting Darvish and getting to know him personally before committing more than $107 million to get him. On top of his guaranteed $56 million contract, the Rangers had to pay in the old system a massive $51,703,411 posting bid to the Hokkaido Nippon Ham Fighters, his team in Japan. The 2017 season could have become a player option without a buyout had Darvish won the Cy Young and finished second-through-fourth another time, or finished second in the voting once and second-through-fourth two other times. Darvish finished second behind Max Scherzer in the 2013 AL Cy Young voting, when the Rangers right-hander was 13-9 with a 2.83 ERA and a league-high 277 strikeouts. He was an All-Star each of his first three seasons (2012-14), a span in which he had 680 strikeouts before getting shut down late in the 2014 season because of elbow inflammation. 'I am really grateful to the Texas Rangers organization by just giving me this big of a contract. They've been taking care of me really well,' he said. 'So I just want to show the Rangers how much I can do and then show them that they were right giving me that contract.' Darvish said he considered it too much of a risk just two years after surgery to compete in the World Baseball Classic this spring. Then, he smiled and said, 'At the end, let me tell you that I didn't get offered' a spot. NOTES: The Rangers announced they will retire uniform No. 7 during an August ceremony to honor former catcher Ivan Rodriguez, who was elected to the Baseball Hall of Fame this week and will be inducted with the class of 2017 on July 30 in Cooperstown, New York. The only other Rangers to have their numbers retired by the club are Hall of Fame pitcher Nolan Ryan (No. 34) and former manager Johnny Oates (No. 26). .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Wenger concerned Chinese wages become benchmark for players

LONDON (AP) — Arsenal manager Arsene Wenger is hoping the high quality of competition in Europe will keep players from leaving for the financial gain in China. Wenger is facing regular questions about the future of both Mesut Ozil and Alexis Sanchez, and the big money on offer in the Chinese league can complicate negotiations. Argentine striker Carlos Tevez joined Shanghai Shenhua last month in a deal worth $40 million over two years. 'The danger (is) that the Chinese offers become the benchmark for Europe,' Wenger said Thursday. 'You cannot compete with that, but I still think that, when you're a footballer, the first thing is that you want to play against the best players in the best teams.' Wenger said players that want the best compensation for playing in the best quality league need not look to Asia. 'I think that combination is the best in England at the moment, so I don't see why the players should leave the English Premier League,' Wenger said. Wenger, whose team is fourth in the standings, has made only one signing in the January transfer window, picking up defender Cohen Bramall from non-league club Hednesford. Arsenal has also decided to keep captain Per Mertesacker for another season. Wenger announced Thursday that the club has taken up a one-year option to extend the contract of the 32-year-old German, who has not played this season because of a knee injury sustained during a friendly in July. Mertesacker faces a fight to get back into the team because Shkodran Mustafi, an offseason signing from Valencia, has built a strong partrnership with vice captain Laurent Koscielny at the heart of Wenger's defense .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

Global bond sale raises $500M

THE PHILIPPINES, one of Asia's most active sovereign bond issuers, raised $500 million from a new 25-year US dollar bond offering, in a sign of investor confidence in the country and the new government under President Rodrigo R. Duterte......»»

Category: newsSource:  bworldonlineRelated NewsJan 19th, 2017

Arts & Leisure: Netflix adds 7M subscribers in its global expansion

SAN FRANCISCO -- Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Netflix adds 7 million subscribers in global expansion

Netflix adds 7 million subscribers in global expansion.....»»

Category: newsSource:  rapplerRelated NewsJan 19th, 2017

Man United soccer's top moneymaker again after 11 years

ROB HARRIS, AP Global Soccer Writer br /> LONDON (AP) — Manchester United is a long way from winning the English Premier League again but is back on top of another table — as soccer's biggest moneymaker. For the first time since 2005, Manchester United overtook Real Madrid in top spot in the soccer finance rankings compiled by accountancy firm Deloitte even as it sits sixth in the Premier League. In 2015-16 when United won only the FA Cup and failed to qualify for the Champions League, the 20-time league champions generated 515.3 million pounds (689 million euros based on the annual average; now about $632 million). Spanish champion Barcelona had 620.2 million euros in revenue and Real Madrid, which won an 11th Champions League title in May, dropped to third on 620.1 million euros in Deloitte's 20th annual rankings. United's stay at the top could be short-lived with the pound weakening since Britain voted to leave the European Union in June and the failure to reach the Champions League. Despite Jose Mourinho replacing Louis van Gaal as manager, United is struggling to break back into the top four Champions League qualification places let alone win the first Premier League title since Alex Ferguson's retirement in 2013. But United, owned by the Florida-based Glazer family and listed on the New York Stock Exchange, has maintained an ability to attract sponsors. 'Manchester United have had to wait 11 years to regain their position as the world's leading revenue-generating club and it has taken phenomenal commercial revenue growth to help them achieve this,' said Dan Jones of the Deloitte sports division. 'In recent years, their ability to secure commercial partnerships with value in excess of that achievable by their peers has been the crucial factor in enabling the club to regain their place at the top of the Money League.' The top five is completed by German champion Bayern Munich and Manchester City. The eight English clubs in the top 20 account for 45 percent of the accumulated revenue in the standings of 7.4 billion euros — up 13 percent from the previous year. Leicester, a first-time winner of the Premier League, makes the cut for the first time, squeezing into 20th place on 128.7 million pounds. West Ham returns to the top 20 and should move up from 18th place (143.8 million pounds) following its move last summer to Olympic Stadium. The other Premier League teams are: Arsenal (seventh at 350.4 million pounds), Chelsea (eight at 334.6 million pounds), Liverpool (ninth at 302 million pounds) and Tottenham (12th at 209.2 million pounds). The weight of English clubs in the revenue rankings should increase next year with the rise in television revenue. Premier League clubs should each earn at least 100 million pounds a season as part of the rights deals worth more than 8.3 billion pounds over three years. The only French team represented in the rankings is Paris Saint-Germain, which fell two places to sixth with revenue of 520.9 million euros. Zenit Saint-Petersburg is the only Russian team included, improving a place to 17th by generating 196.5 million euros. Along with Bayern, German also provides Borussia Dortmund (11th at 283.9 million euros) and Schalke (14th at 224.5 million euros). Juventus heads the list of four Italian teams, in 10th place on 224.5 million euros, followed by AS Roma (15th at 218.2 million euros), AC Milan (16th at 214.7 million euros) and Inter Milan (19th at 179.2 million euros). Deloitte warns that the enhanced English broadcast deals could see at least one of the Milan teams fall out of the top 20 next year. Joining Barcelona and Real Madrid in the rankings from Spain are Atletico Madrid in 13th place at 228.6 million euros. .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Put the pedal to the metal

With their playoff hopes fading fast, Mahindra is just out to take everything it can out of the last three games in its Philippine Cup schedule. Losing to TNT Wednesday, the Floodbuster seem like a longshot of crashing the quarterfinals of the very first PBA conference this season. However, that doesn't mean Mahindra has taken everything for a loss so far in its All-Filipino campaign. “We’re still going game to game right now. We really have a nothing-to-lose-everything-to gain kind of attitude. It’s either we’re going to tank mode or we lift ourselves up from failure,' top deputy Chris Gavina said. 'I’m a big fan of believing that your failures lead to your success, so we’ll build off of this,' he added. After going on a mini two-game winning streak that put life to their otherwise woeful season, the Floodbuster looked primed for an upset after taking over the KaTropa at halftime, erasing an early 10-point deficit to post a six-point lead. Mahindra just wasn't able to sustain in the second half, leading to yet another disappointing defeat, it's sixth in eight games. 'It was a tough loss. We had the momentum for sure,' forward Alex Mallari said who ended up with a game-high 19 points for the Floodbuster. 'We had the momentum going into the second half and I don't know, we took off on the gas pedal. We Weren't aggressive,' he added. Basically looking for a miracle to make the playoffs at this point, Mahindra need not look far to find recipe for success. 'At this stage for us, it's all about team basketball,' Mallari said. 'Just go back to our last two games where we succeeded. Just be aggressive. If you're open, shoot it. Get some threes up. Keep assists coming. We need a lot of it. And defense as a group -- me, including everybody. So we'll get back on the drawing board and try to get another win,' he added.   --- Follow this writer on Twitter, @paullintag8 .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Netflix adds 7 million subscribers in global expansion

Netflix adds 7 million subscribers in global expansion.....»»

Category: entertainmentSource:  interaksyonRelated NewsJan 18th, 2017

Baguio: LGUs back athletes

After the Philippine Sports Commission sweetened the pot by announcing that P5 million will be at stake, local government units have stepped up their support to for Baguio bets, with the selection process beginning in earnest, according to Sun.Star-Baguio......»»

Category: newsSource:  tempoRelated NewsJan 17th, 2017

New NFL stadium would play key role in 2024 LA Olympics

LOS ANGELES (AP) — Organizers trying to land the 2024 Summer Olympics for Los Angeles would include a new football stadium in the games' ceremonies. The NFL stadium being built in Inglewood near Los Angeles International Airport would be used for ceremonies along with Los Angeles Memorial Coliseum as part of the committee's concept to create a 'new games for a new era,' LA2024 announced Monday. The opening ceremony would be held July 20, 2024, and begin with a torch relay down the row of columns of the Coliseum, which hosted the 1932 and 1984 Olympics. The stadium is expected to seat 70,000 spectators for a Hollywood-produced spectacle of musical performances and a live viewing and virtual reality experience of all ceremonies at the NFL stadium. The torch relay would pass landmarks on the streets of Los Angeles until it reaches the NFL stadium, which would hold 100,000 spectators. The Inglewood stadium would host the opening ceremony, including the parade of nations, the Olympic oaths, the official opening of the games and the lighting of the flame. On Aug. 4, 2024, the Coliseum would host the closing ceremony, including the parade of athletes, the Olympic flag handover and the extinguishing of the flame. At the same time, the Inglewood stadium would host spectators for live viewing and high-tech entertainment. 'Hosting Olympic ceremonies across two iconic stadiums has never been done,' LA204 CEO Gene Sykes said. 'But LA's wealth of stadiums and technology mean we can think about 'What's next?' instead of just asking what has been done before.' The new NFL stadium is expected to open in 2019, when it will be the home of the NFL's Rams and Chargers. It already has been named as host of the 2021 Super Bowl. The Los Angeles bid committee said the Coliseum would host the track and field competition in 2024 using a temporary track deck. Starting next year, the Coliseum is set to undergo a $270 million renovation funded by the University of Southern California, whose football team plays there. .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017