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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

SMC’s profit jumps to P43b

Conglomerate San Miguel Corp. said Thursday net income in the first nine-months of the year jumped 125 percent to P42.9 billion from P19.08 billion year-on-year, as all the core businesses posted double digit growth in terms of operating income......»»

Category: financeSource:  thestandardRelated NewsNov 10th, 2016

SM Prime books P17.5-b profit

SM Prime Holdings Inc., the country’s leading integrated property company, said Monday net income rose 15 percent in the third quarter to P4.9 billion from P4.2 billion a year ago, driven by the sustained growth of shopping mall and residential busi.....»»

Category: financeSource:  thestandardRelated NewsNov 7th, 2016

PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

Capitol surpasses 2016 income target; sets P3.1 billion target this year

Capitol surpasses 2016 income target; sets P3.1 billion target this year.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2017

Lower income tax for wage earners proposed

MANILA, Philippines - A lower income tax rate for millions of salaried workers should be in place by 2018, Albay Rep......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2017

PPA’s net income rises 17% to P7.16b

PPA’s net income rises 17% to P7.16b.....»»

Category: financeSource:  thestandardRelated NewsJan 17th, 2017

Despite doping scandals, Russia could bid for 2028 Olympics

div>MOSCOW (AP) — Still mired in a doping scandal and with a track team banned from international competition, the president of the Russian Olympic Committee said his country may put forth a bid to host the 2028 Games. /div> div>  /div> div>Alexander Zhukov said Friday that Russia is considering three cities as candidates for a 2028 bid, even as it battles accusations of a mass doping cover-up at the Sochi Olympics three years ago. /div> div>  /div> div>'It's hard to say now, but why not? I think it's completely possible to try,' Zhukov told state news agency RIA Novosti. 'It's not just St. Petersburg, we also have Kazan which is a possibility. It's also possible in Sochi.' /div> div>  /div> div>Bidding for the 2024 Games is still under way, with a vote in September set to choose between Los Angeles, Paris and Budapest. The 2028 host is expected to be decided in 2021. /div> div>  /div> div>Russia hosted the 2014 Winter Olympics in Sochi, spending about $51 billion on the games, but is under intense pressure following accusations of a massive doping cover-up at the games. World Anti-Doping Agency investigator Richard McLaren has said there is evidence that doping test samples given by 12 Russian medal winners at the games were tampered with. /div> div>  /div> div>The doping scandals also heavily depleted Russia's team for last year's Olympics in Rio de Janeiro. Evidence of widespread doping meant the entire Russian weightlifting team was banned and only one of the 68-strong track and field team was allowed to compete. /div> div>  /div> div>Following McLaren's report last month, a group of 19 national anti-doping agencies on Tuesday called for Russian teams to be banned from all international sports competitions and for the country to be stripped of hosting major events, including the 2018 World Cup. National anti-doping agencies, however, do not have the powers to impose such sanctions. /div> div>  /div> div>Zhukov said the anti-doping agencies were 'creating a certain backdrop, putting pressure on the federations.' /div>.....»»

Category: sportsSource:  abscbnRelated NewsJan 13th, 2017

RLC’s net income rises 7.9% to P6.15b

RLC’s net income rises 7.9% to P6.15b.....»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2017

URC’s net income rises 22% to P15.1b

URC’s net income rises 22% to P15.1b.....»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2017

GSIS slates release of cash benefit to members Jan. 6 to 31

State pension fund Government Service Insurance System (GSIS) has started releasing last January 6 a total amount of Php185 million in cash benefit for its members. “The total cash benefit this year is far lower than the Php848 million GSIS released last year due to the decreased net income from Php140 billion in 2014 to [&'].....»»

Category: newsSource:  remateRelated NewsJan 12th, 2017

Golden Globe winner ‘La La Land’ in cinemas now

Golden Globe winner ‘La La Land’ in cinemas now.....»»

Category: entertainmentSource:  thestandardRelated NewsJan 12th, 2017

BLOGTABLE: Making sense of Derrick Rose's ordeal with Knicks

em>NBA.com blogtable /em> Derrick Rose was fined by the Knicks for what amounts to an unexcused absence. What do you make of this whole ordeal? And what does it say about the state of the Knicks today? strong>David Aldridge: /strong> It's a puzzlement, and they don't deal with puzzlements well in Gotham. Rose had to know that this would have been a total non-story if he'd just texted any of either team president Phil Jackson, GM Steve Mills or coach Jeff Hornacek to let them know he needed the night off. So why wouldn't he? That's what's concerns me; he was indifferent to the fallout that he knew would be coming, not to mention the likely damage to his income-earning potential next summer. Does he not care if he's not playing anymore? I'm not saying that's the case, but that's what you allow people to speculate about by doing stuff like this. I don't think it means much to the Knicks because I don't think Rose is going to be there next year, and I didn't think that before all this happened. strong>Steve Aschburner: /strong> I’m not quite sure of the word, but it’s very Knicksy or Knicksish or Knicksian. Take your pick. If I’m Jeff Hornacek, I tell Phil Jackson that Rose or any other player needs to be suspended for twice as many games as he misses when going AWOL. Just as standard club policy, without pay for the whole bunch. If Jackson doesn’t concur, I sit Rose for two games in the wake of his one-game hiatus. Any self-respecting coach should, because the price paid in losing (if that happened) would be less than the price paid over the long haul from continued dysfunction. Rose -- whatever his reason for disappearing, however personally troubling -- behaved childishly by not taking 20 seconds to call or text Hornacek, Jackson or some other Knicks authority. I think he has been overserved a lot of “do what’s right for Derrick” advice since his career-altering knee injury in April 2012 and this is the latest manifestation. That stuff held the Chicago Bulls hostage for a few years and the Knicks must not enable it. strong>Fran Blinebury: /strong> No matter what the family emergency, who wouldn’t pick up the phone and call their employer? Lack of professionalism and responsibility makes for bad leadership. Especially for the guy who was crowing about New York being among the super teams a few months ago. But it fits with the Knicks, who are just a bad team. strong>Scott Howard-Cooper: /strong> em> strong> /strong> /em>The most important thing is that he is safe and his family is safe. When someone suddenly disappears like that, it’s natural for people to think worst-case scenarios, and thankfully none of them appear to have happened. So this conversation is in basketball terms. In that context, what he did was deserving of a suspension and the loss of real money, not simply a fine. Alert the team. If you don’t think you have the time during a crisis, have someone you are talking with alert the team. Have someone call your agent and have the agent alert the team. He had 30 seconds somewhere in there to text his agent, “Family emergency. Can’t get into it now. Tell Phil I will not be at the game and will be in contact tomorrow.” What does it say about the state of the Knicks today? Nothing we didn’t already know. The key read is how hard they try to keep him in free agency after this. strong>Shaun Powell: /strong>This was bizarre, which means, this was Knicks-like. You mean in this age of rapid communication Rose couldn't send a text to the front office or have someone else do it? There's more to this than meets the eye, or maybe Rose's judgment is that screwed up. Either way, this won't reflect well on him next summer in free agency. He and Joakim Noah need to have strong second halves or Phil Jackson's big offseason moves from last summer will amount to very little. strong>John Schuhmann: /strong>No matter how serious the family issue was, there's no excuse for Rose not taking the 10 seconds needed to send a text to his coach. Failing to do was a show of disrespect for Jeff Hornacek, for the organization, and for his teammates. His actions say a lot about him. The Knicks' reaction – not a peep from Phil Jackson, no suspension for Rose – says a lot about the state of the Knicks. So far, they've handled the situation almost as poorly as he has. strong>Sekou Smith: /strong> em> strong> /strong> /em>It was certainly a strange ordeal, Rose disappearing after a morning shootaround the way he did without any word to teammates or team officials. The fine works for me. And the need to be with family at a time of need trumps everything, even a Monday night (Tuesday, PHL time) home game at the Garden. But there is a way to do it and a way not to do it. And Rose went about this terribly. He put his teammates, coaches and the organization in a horrible position as the rest of the public speculated as to his whereabouts. The Knicks are struggling mightily right now, on the court and beyond. This Rose affair only reveres to emphasize that fact. strong>Ian Thomsen: /strong> If there was no valid reason for Rose’s behavior, then it is a dangerous sign that the Knicks have not commanded his respect. Too much is unknown about this situation, but here’s one thing that can be said: It has been an awfully long time since the Knicks franchise was held in high esteem,and this latest incident fits into that mosaic of dysfunctionality. strong>Lang Whitaker: /strong> em> strong> /strong> /em>To me this whole saga says more about the state of Derrick Rose than it does about the Knicks. I mean, I'm not sure there's any franchise prepared for their point guard just not showing up an hour before a game starts. Clearly, we still don't know all the details, and there may be extenuating circumstances that totally warranted Rose's reaction. But from what we do understand, it would seem that Rose could/should have gotten word to someone that he was not available to play on Monday night (Tuesday, PHL time). .....»»

Category: sportsSource:  abscbnRelated NewsJan 11th, 2017

Globe approves P20-B bond issue

MANILA, Philippines - Globe Telecom Inc. is planning to sell retail bonds worth P20 billion over the next three years......»»

Category: financeSource:  philstarRelated NewsJan 9th, 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

Lady Blazers take solo second, near semis spot

strong>Games Wednesday: /strong> (The Arena, San Juan) 8:30 a.m. --- AU vs. CSB (jrs) 10:00 a.m. --- AU vs. CSB (m) 11:30 a.m. --- CSB vs. CSB (w) 12:30 p.m. --- Perpetual vs. CSB (w) 2:00 p.m. --- Perpetual vs. CSB (m) 3:30 p.m. --- Perpetual vs. CSB (jrs)   Defending champion College of St. Benilde recovered from a sluggish start to take down the San Beda Lionesses, 12-25, 25-17, 25-23, 25-19, Thursday to move to solo second spot in the 92nd NCAA women’s volleyball competition at The Arena in San Juan. The Lady Blazers improved to 6-1 win-loss record and inched one step closer for a semifinals seat. Rachel Anne Austerio exploded for 13 points while team captain Jeannette Panaga and Jan Daguil scored all their points from kills for the Taft-based squad. Ranya Musa also had 11 markers for CSB, which won their second straight match after a painful five-set loss to Lyceum of the Philippines University a month ago.  Lady Blazers head coach Macky Carino admitted that his team played too tight and was out of sync in the opening set.  “Sobrang bagal ng first set naming,” he said. “Sa sobran focus ng team ko nakatingin na lang sila sa kabila (San Beda). ‘Yung team namin, ‘yung iginagalaw namin ‘di na namin pinansin.” “So ‘yun ang ni-remind ko sa kanila, na alam natin ang gagalawin ng kabila pero dapat laruin din natin ang laro natin,” Carino added. “So ayun pagdating ng second set buti nagbago.” The Lady Blazers will wrap their elimination round campaign against Arellano University on Wednesday before the Finals rematch against unbeaten San Sebastian College (6-0) on January 25. Francesca Racraquin had 17 points while Nieza Viray scored 14 for the Lionesses, who dropped their third match in eight outings and are in danger of missing the cut in the semifinals race. In the men’s division, the Blazers climbed to solo top spot with a 25-19, 25-23, 25-17, victory over the Red Lions. CSB improved to 6-1 slate to secure at least a playoff for a Final Four ticket behind skipper John Vic De Guzman’s 11 points. Isaah Arda and Francis Basilan scored 10 markers each for the Blazers, who handed San Beda its second loss in eight games. The Red Lions despite the loss are also assured of a semis seat playoff. In the junior’s match, San Beda avoided a shutout after the Red Cubs clawed the Junior Blazers, 25-16, 25-20, 25-15, for a 3-4 card. CSB-La Salle Greenhills remained winless after five games.         --- Follow this writer on Twitter, @fromtheriles        .....»»

Category: sportsSource:  abscbnRelated NewsJan 5th, 2017

Rody vetoes use of agencies’ income

Rody vetoes use of agencies’ income.....»»

Category: newsSource:  thestandardRelated NewsDec 27th, 2016

Globe Telecom’s ‘Star Wars’ video raises awareness for PGH’s pediatric clinic rehab

Globe Telecom’s ‘Star Wars’ video raises awareness for PGH’s pediatric clinic rehab.....»»

Category: entertainmentSource:  thestandardRelated NewsDec 25th, 2016

Foreign investments surge to $5.9b

Net inflows of foreign direct investments jumped 25 percent in the first nine months to $5.9 billion from $4.7 billion a year ago, on sustained investors’ confidence in the economy......»»

Category: financeSource:  thestandardRelated NewsDec 12th, 2016

Abaya’s turn

We have mixed reactions to the inclusion of former Transportation Secretary Joseph Emilio Abaya and six other transport officials in the graft suit in connection with the purchase of P3.8 billion worth of license plates during his stay at the department......»»

Category: newsSource:  thestandardRelated NewsDec 7th, 2016