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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

Corporate News: MPIC raises full-year guidance as 9-month core profit jumps

METRO PACIFIC Investments Corp. (MPIC) is tracking a steeper earnings growth path than initially thought, after the toll roads, power and hospital businesses lifted its core net income by double digits in the nine months to September......»»

Category: financeSource:  bworldonlineRelated NewsNov 8th, 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

China Bank profit jumps 31%

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AboitizPower 9-mth profit jumps 24% to P15B

AboitizPower 9-mth profit jumps 24% to P15B.....»»

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Aboitiz Group’s net profit jumps 44%

Aboitiz Group’s net profit jumps 44%.....»»

Category: financeSource:  thestandardRelated NewsOct 26th, 2016

AirAsia quarterly profit jumps 41 pct on high demand, low oil

AirAsia Bhd , Asia's biggest budget airline, reported a 41 percent surge in second-quarter profit on Monday as it benefited from stronger demand and lower fuel costs......»»

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Apex Mining H1 profit jumps 60%

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Semirara Mining profit jumps 35% in 6 months

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Ayala Corp H1 profit jumps 32% to P13.8B

Ayala Corp H1 profit jumps 32% to P13.8B.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 11th, 2016

SM Prime core profit rises to P12.6 B in H1

MANILA, Philippines – SM Prime Holdings Inc. reported a 12 percent growth in its core net income to P12.6 billion in the first half of the year......»»

Category: financeSource:  philstarRelated NewsAug 2nd, 2016

Upbeat retail, real estate lift SM Prime's profit

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Category: newsSource:  rapplerRelated NewsAug 1st, 2016

Cop in kidnapping says he was duped

A police official dragged into the killing of a Korean businessman last October said that he was duped and threatened by the prime suspect who is now under the custody of the Philippine National Police......»»

Category: newsSource:  tempoRelated NewsJan 21st, 2017

Germany launches bid as favorite to host Euro 2024

FRANKFURT, Germany (AP) — The German soccer federation has formally launched a bid to host the 2024 European Championship. Federation president Reinhard Grindel says it will choose 10 stadiums and work with Transparency International during bidding ahead of UEFA's decision in September 2018. German organizers of the 2006 World Cup are criminal suspects in a Swiss federal investigation of irregular payments linked to FIFA. Still, Germany has been seen as the favorite to host Euro 2024 since reaching a deal with England to withdraw from competing to host the Euro 2020 semifinals and final. A combined Scandinavian bid has also been suggested for Euro 2024. However, UEFA said last month a maximum of two hosts would get direct qualification to the 24-team tournament. UEFA set a March 3 deadline for federations to express interest. .....»»

Category: sportsSource:  abscbnRelated NewsJan 20th, 2017

Coleen Garcia, magaganap ang kasal kay Billy Crawford sa first quarter ng 2018

Coleen Garcia, magaganap ang kasal kay Billy Crawford sa first quarter ng 2018.....»»

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'Super Mario Run' jumps to Android in March

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Blue Jays ownership involved in bringing Bautista back

ROB GILLIES, Associated Press   TORONTO (AP) — Blue Jays general manager Ross Atkins said ownership got involved in the re-signing of veteran Jose Bautista. Atkins said Thursday the desire of Edward Rogers, the controlling shareholder of Rogers Communication, to help was 'abundantly clear.' He said thanks to Rogers, they don't have to rebuild. The free agent slugger looked like he might sign elsewhere but agreed to an $18.5 million, one-year contract this week that includes mutual options for more years. A longtime fan favorite, Bautista hit 22 homers with 69 RBIs last year while batting .234 in an injury-slowed season. The Blue Jays' failure this offseason to re-sign fan favorite Edwin Encarnacion didn't go over well in Toronto, which led the AL in attendance last year. Atkins expects Bautista to perform more like the 2015 season than the 2016 season.  He hit 40 homers and had 114 RBI in 2015. He blamed injuries for Bautista's subpar 2016. He said they've seen the 36-year-old work out this offseason and expect him to play right field for the bulk of the 2017 season. 'I would expect him to be a defender that we can rely on,' he said. Bautista gets an $18 million salary this year, and the deal includes a $17 million mutual option for 2018 with a $500,000 buyout, payable if either side declines. There is a $20 million option for 2019 that becomes guaranteed if Bautista has 300 games played during the next two seasons and doesn't have a physical impairment that would prevent him from playing in 2019. Bautista also could earn $1.5 million annually in bonuses based on home attendance: $150,000 each for 3.5 million and 3.6 million, $250,000 apiece for 3.7 million and 3.8 million, and $350,000 each for 3.9 million and 4 million. Toronto drew 3.39 million at home last season. .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

Bundesliga will be ready to use video review next season

FRANKFURT, Germany (AP) — The Bundesliga says it will be ready to use video review next season. FIFA's rules making panel, known as IFAB, is working with leagues to introduce Video Assistant Referees (VARs) ahead of likely approval for the 2018 World Cup in Russia. FIFA wants video review only for potential 'clear errors' in four situations: Goals being scored, penalties being awarded, players being sent off, and cases of mistaken identity. IFAB should decide early next year on using VARs at the World Cup. Germany's top league kicks off next season in August. A Bundesliga statement says it opted for a system 'where all VARs will be assembled at a single location on the day of play,' as the NBA and MLB use. In Russia, FIFA could opt for VARs working at the stadium as part of each referee's support team. .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

Bonds, Clemens making slow gains with changing electorate

NOAH TRISTER, AP Baseball Writer The electorate is changing, however, and that could be good news for both. Bonds and Clemens inched past the 50-percent mark for the first time Wednesday, each appearing on about 54 percent of ballots cast by the Baseball Writers' Association of America. For a fifth straight year, Bonds and Clemens fell short of the 75 percent needed for induction, but their support is slowly climbing. Jeff Bagwell, Tim Raines and Ivan Rodriguez were elected to the Hall on Wednesday. Bonds and Clemens remain on the outside looking in because of drug suspicions, but they could continue to gain ground as more new voters are welcomed into the process. 'I think, just generationally, people in their 20s and 30s look at this different than people in their 50s and 60s,' said Sam Mellinger of the Kansas City Star, a first-time voter who supported Bonds and Clemens. 'Maybe we're missing something — I'm not one of these people that thinks, like, I'm right and they're wrong. It's just different viewpoints.' A writer can receive a Hall of Fame vote when he or she has been an active member of the BBWAA for 10 consecutive years, so newcomers are always on the way. In 2015, the Hall of Fame eliminated voters who had been inactive for more than 10 years — a move that further boosted the influence of newer voters. The closest thing to a Hall of Fame exit poll is Ryan Thibodaux's online vote tracker , which has charted over half the ballots from this year's election. Of the 14 first-time voters identified on the site as of Wednesday night, 13 supported Bonds and Clemens. One of those first-time voters was Mike Harrington of The Buffalo News, who said he supported Bonds after former Commissioner Bud Selig was elected as part of this class by a veterans committee. Selig presided over the era in which drug suspicion became so rampant. 'The last few years in my Sunday column in The Buffalo News, I refused to use Barry Bonds' name. In my column, it became kind of a trademark. I just referred to him as No. 25,' Harrington said. 'So now people see my article in The Buffalo News — 'Wait a minute, how did you vote for Bonds and Clemens?' I explained in my column a couple weeks ago: To me, I felt, the Bud Selig thing was a tipping point.' Bonds and Clemens are back on the ballot next year, along with newcomers such as Chipper Jones, Jim Thome, Andruw Jones, Scott Rolen, Johan Santana and Omar Vizquel. Here are a few more things to watch: PUBLIC BALLOTS The BBWAA voted to release each voter's Hall of Fame choices to the public, starting next year. That change will add transparency to the process, although there are some concerns about groupthink and peer pressure. 'I'm very conflicted about this,' Mellinger said. 'I applaud the reasons that they are public. We are a profession that demands transparency in others, so why shouldn't we have the same here? I get all that. I can't argue against any of that. The part that I'm uncomfortable with is: I hope that people still vote their hearts and their minds and don't change based on, you know, 'I don't want to get ripped on Twitter.'' SABERMETRIC FAVORITES Raines had plenty of support in sabermetric circles. 'You've got these new stats. You've got WAR (wins above replacement). You've got all this stuff,' Raines said. 'Back in the day, when you looked at a Hall of Famer, you looked at 500 home runs, 300 wins and 3,000 hits, and a lot of times if you didn't reach those criteria, it was kind of hard for anyone to kind of look at you as a Hall of Famer. But I think the way the game has changed today, the way they look at the stats and everything, it has changed.' The next beneficiary of modern stats could be Mike Mussina, who achieved 51.8-percent approval this year. Mussina never won a Cy Young Award, but according to Baseball-Reference.com, his career WAR is comparable to that of Nolan Ryan and Bob Gibson. LOGJAM Nearly half of this year's 442 voters used the maximum 10 slots on their ballots, and although three people were elected, players like Trevor Hoffman (74.0 percent) and Vladimir Guerrero (71.7) fell just short, meaning they'll be back to take up votes again next year. With some credible new candidates eligible in 2018, the 10-player limit could come into play for quite a few voters. Lynn Henning of The Detroit News has abstained from voting at all when he's felt there were more than 10 Hall-worthy players. He didn't have that problem this year, but it could happen again. 'The 10-ballot restriction is silly, it's perverse, it's unjust, it's convoluted. It's a complete affront to players who deserve recognition, when they've earned recognition and are otherwise screened out because of some arbitrary adherence to this number 10,' Henning said. 'I think it's the most outlandishly preposterous restriction I've ever been exposed to in the realm of professional voting.' SPECIALISTS One challenge Hall voters now face is evaluating players who had more specialized roles — like designated hitters and closers. 'It's easy to find context for a Vladimir Guerrero or a Mike Mussina because there are tons of outfielders in the Hall of Fame, there are tons of starting pitchers in the Hall of Fame,' said Ryan Fagan of Sporting News. 'Defining the context for a DH or for a relief pitcher, that's more challenging, because there aren't a lot of guys like that in there.' Fagan supported Edgar Martinez, a DH, but did not vote for closers Hoffman, Billy Wagner and Lee Smith. None of those four made it in. All but Smith will be on the ballot again in 2018. ___ Follow Noah Trister at www.Twitter.com/noahtrister .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017