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PHL stock index closes little changed

LOCAL shares ended flat on Friday as market sentiment was dampened by Chinese retail sales and industrial output data showing continued weakness in the world’s second largest economy......»»

Source: Bworldonline BworldonlineCategory: Finance7 hr. 22 min. ago Related News

Fox sparks 2nd-half rally, Kings beat Bulls 108-89

By John Jackson, Associated Press CHICAGO (AP) — De'Aaron Fox scored 23 of his 25 points in the second half, and the Sacramento Kings rallied to beat the Chicago Bulls 108-89 on Monday night (Tuesday, PHL time). Fox went 8-for-11 from the field after missing each of his first five shots in the first half. Bogdan Bogdanovic and Marvin Bagley III added 16 points apiece as Sacramento closed out a 3-1 road trip. Chicago led by as many as 14 in its ninth loss in 10 games. The Bulls were coming off a franchise-record 133-77 loss to the Boston Celtics on Saturday (Sunday, PHL time). Zach LaVine led Chicago with 19 points, and Lauri Markkanen had 13. After falling behind 17-0 on Saturday (Sunday, PHL time), the Bulls got off to a better start in this one. They led 33-26 at the end of the first quarter and 56-45 at halftime. Chicago had a 66-57 lead in the third before Sacramento closed the quarter with a 24-8 run. The speedy Fox sparked the offense with 15 points during the key stretch, but the Kings also picked up the pressure on defense. The Bulls shot 22-for-41 (53.7 percent) from the field in the first half, but were just 6-for-16 (37.5 percent) in the third. Sacramento kept up the intensity in the fourth and Chicago never made a serious push. TIP-INS Kings: Buddy Hield and Iman Shumpert each scored 14 points. Willie Cauley-Stein had 11 points and 16 rebounds. ... Sacramento improved to 14-12. It's the latest point in a season it has been above .500 since the 2005-06 season. The Kings finished 44-38 that year in their most recent playoff appearance. Bulls: G Kris Dunn (sprained left knee) and F Bobby Portis (sprained right knee) returned to the lineup after sitting out nearly seven weeks. Dunn finished with nine points in 20 minutes, and Portis had nine points in 19 minutes. ... G Justin Holiday went 1-for-6 on three-pointers. He has made at least one triple in 39 consecutive games dating to last season. He's the only NBA player with at least one three-pointer in every game this season. TIPPING POINT Less than a week into his tenure, Bulls coach Jim Boylen faced a crisis over the weekend. Following the loss to the Celtics, Boylen planned to practice on Sunday (Monday, PHL time) even though the Bulls had played back-to-back games. Some players reportedly discussed not showing up. Instead of a practice session, a lengthy team meeting was held. Before Monday's (Tuesday, PHL time) game, Boylen said everything was fine and he would continue to push hard. "I expected something like yesterday to happen," he said. "I've been waiting on it, I was prepared for it, I took it head on." UP NEXT Kings: Host the Minnesota Timberwolves on Wednesday night (Thursday, PHL time). Bulls: Play the Orlando Magic in Mexico City on Thursday night (Friday, PHL time) to begin a three-game trip......»»

Source: Abscbn AbscbnCategory: SportsDec 11th, 2018Related News

Mauled OFW now home

An overseas Filipino worker, Lovebella Abcede, arrived back in the Philippines after just three weeks in Jeddah, Saudi Arabia, her right eye still showing blood clots from beatings she received from her employer. Abcede said that her boss beat her up when she asked that she be transferred to another employer instead of being sent […].....»»

Source: Tribune TribuneCategory: NewsDec 10th, 2018Related News

Heavy screen time appears to impact childrens brains – study

WASHINGTON, DC, USA – Researchers have found "different patterns" in brain scans among children who record heavy smart device and video game use, according to initial data from a major ongoing US study. The first wave of information from the $300 million National Institute of Health (NIH) study is showing that ........»»

Source: Rappler RapplerCategory: NewsDec 10th, 2018Related News

Alab scares off visiting Indonesians for strong start in ABL title defense

STA. ROSA, LAGUNA – In just its first game in the 2017-2018 Asean Basketball League, Alab Pilipinas is already as good as advertised. Renaldo Balkman picked up where he left off, PJ Ramos powered his way through anything and everything, and the Filipinos pounded on outmatched CLS of Indonesia for a 94-67 decision on Sunday at the Sta. Rosa Multi-Purpose Complex here. The Philippines wasted no time in showing off its new and improved firepower as Balkman, their returning reinforcement, did damage from the outside just as Ramos, their new hulking help, had his way inside. Those two merged for 17 points in the opening salvo, by themselves outscoring the Knights who only mustered 14 in the same timeframe. The Alab lead would only balloon to as much as 31. Balkman wound up with 33 points, 11 rebounds, three assists, three steals, and three blocks while Ramos had 20 markers, 13 boards, and five dimes. Back-to-back Ray Parks Jr. Local MVP, with just 10 points and two assists, didn’t even have to do much for the Filipinos to get off its title defense off on the right foot. Maxie Esho topped the scoring column for the Indonesians with 20 points. They fall to 1-4 in the season. The two teams meet again a week from now, only that time, in Surabaya. BOX SCORES ALAB PILIPINAS 94 – Balkman 33, Ramos 20, Parks Jr. 10, Domingo 6, Rosser 6, Alvano 5, Tiongson 4, Javelona 4, Urbiztondo 3, Torres 3, Alabanza 0, Rivero 0 CLS KNIGHTS 67 – Esho 20, Hurt 19, Utomo 12, Brandon 7, Baskoro 3, Jawato 2, Wong 2, Panagan 2, Kurniawan 0, Hidayat 0, Nugroho 0 QUARTER SCORES: 23-14, 46-27, 74-67, 94-67 —— Follow this writer on Twitter, @riego.....»»

Source: Abscbn AbscbnCategory: SportsDec 9th, 2018Related News

Philippine Azkals’ showing at Suzuki Cup to build on

THE Philippine men’s national football team’s campaign at the 2018 AFF Suzuki Cup ended on Dec. 6 after the Azkals bowed to Vietnam in the second leg of their semifinals, 2-1, and dropped, 4-2, on aggregate......»»

Source: Bworldonline BworldonlineCategory: NewsDec 9th, 2018Related News

They’re writing our obituary—again

  In 2000, I remember, I was sitting in a meeting where a slide was presented showing the impending death of magazine publishing and the sure world dominance of the web.   In fact, the opposite happened. By the end of 2001, the "dotcom bubble" burst, as the infamous turn of events was called, with a majority of publicly traded dotcom companies closing, and incredibly enormous investment capital fizzling out.   While this phenomenon was more a lesson in runaway venture capitalism than it was about media and technology, still, to me, the lesson learned was---stop writing the obituary for media, whatever media it is, because a fail-proof media oracle has yet to...Keep on reading: They’re writing our obituary—again.....»»

Source: Inquirer InquirerCategory: Dec 8th, 2018Related News

Short but sweet search lands Fisher as coach of LA Sparks

By Beth Harris, Associated Press LOS ANGELES (AP) — It was a “short but sweet” search to find the new coach of the Los Angeles Sparks. Turns out he has been sitting in the courtside seats for years. Derek Fisher was introduced Friday as coach of the team that he watched play at Staples Center while helping the Lakers win five NBA championships as their point guard. It’s Fisher’s second stint as a head coach in the pro ranks. He was fired from the New York Knicks in 2016. “This opportunity is not a step down, sideways, backwards, somehow different than the men’s game,” Fisher told a room full of media at a downtown hotel, insisting the WNBA isn’t a steppingstone. “There isn’t a future outside of what we’re here to talk about today.” Executive vice president and general manager Penny Toler didn’t look far in finding a replacement for Brian Agler, who resigned last week. “Our coach’s search was short but sweet,” she said. “The first person who came to mind was Derek Fisher. Derek has been a huge supporter of the Sparks, but even more importantly, he’s been a huge supporter of the WNBA from day one. He would leave his practice and fly and watch us play.” Toler said that during her 20 years as GM she would discuss the team with Fisher and seek his advice and suggestions. “He’s invested,” she said. Fisher becomes the 12th coach in franchise history. He takes over a team that went 19-15 in the regular season this year before losing in the second round of the playoffs. Agler resigned without explanation after four years that included winning the WNBA championship in 2016. He had an 85-51 career mark with the Sparks. “I don’t know why he wanted to. I didn’t ask,” Toler said. “When someone wants to resign, it’s not my job to talk them out of it.” Former league MVP Candace Parker was on hand to welcome Fisher. She waved her right hand in the air, showing off her WNBA championship ring that made a clunking noise when her hand hit the table. “I want more,” she said. Besides Parker, the Sparks have another former league MVP in Nneka Ogwumike and hope to re-sign guard Chelsea Gray. “We have chemistry,” Parker said. Parker noted she first met Fisher when she was 8 or 9 and her older brother’s agent was based in Arkansas, where Fisher is from. Fisher was fired in New York after going 40-96 in 1 ½ seasons while working under then-Knicks executive Phil Jackson, who coached him on the Lakers. Fisher said it took a while for him to come to terms with the fact that he was “overly fixated with what other people thought about my experience in New York as opposed to what I felt about my experience in New York.” Fisher peppered Toler with what she said were “about 2,000 questions” before agreeing to take the Sparks job. He indicated the homework was necessary after his time with the Knicks. “What I learned is, if there is not clarity in purpose, vision and mission from ownership to management to coaches to players to staff, it doesn’t work,” he said. “Some of the basketball things are irrelevant if ownership, management, staff, players, if we are not aligned in the way we see going about our jobs and achieving our purpose and our mission.” Since leaving New York, Fisher has worked as a TV analyst. He said he explored jobs with college and men’s pro teams but the timing wasn’t right. He also experienced upheaval in his personal life. In June 2015, he and former teammate Matt Barnes got into an altercation at the home of Gloria Govan, Barnes’ ex-wife who is now Fisher’s fiancée. In June 2017, Fisher was arrested on suspicion of drunken driving after his vehicle flipped on a Los Angeles freeway. He and Govan weren’t injured. Govan and two of Fisher’s children from his first marriage were on hand Friday. “The book is not finished yet,” Fisher said. “I feel like this is an opportunity for me to continue writing my coaching book and I’m excited to do it here in LA with the Sparks.”  .....»»

Source: Abscbn AbscbnCategory: SportsDec 8th, 2018Related News

HOAX: Robredo photo with a cop who killed Kian delos Santos

Claim: A photo surfaced online, supposedly showing Vice President Leni Robredo with one of the Caloocan City cops who killed teenager Kian delos Santos. The claim was carried by several Facebook posts published as early as August 21, 2017. All have minimal engagement. A reader sent to Rappler ........»»

Source: Rappler RapplerCategory: NewsDec 7th, 2018Related News

Bogus: Road construction via China-funded ‘Build Build Build’ program

MANILA, Philippines --- A Facebook post showing a road construction purportedly via the Duterte administration's China-funded "Build, Build, Build" program is a bogus. This was fact-checked by Agence France Presse (AFP), which said Thursday that the photos shown in the Facebook post were from an INQUIRER.net report about a truck that sank in a Quezon City road last November 24. The misleading social media post contains photos of a collapsed road and a truck that dipped into a road, accompanied by a caption that praises President Rodrigo Duterte and his administration's infrastructure program. "Ang galing talaga ng Build Build Build ni Tatay Digong (Duterte). Kaya naman bilib...Keep on reading: Bogus: Road construction via China-funded ‘Build Build Build’ program.....»»

Source: Inquirer InquirerCategory: Dec 6th, 2018Related News

UAAP Finals: Better Bo-lieve it, UP is here to stay

The University of the Philippines got swept by Ateneo de Manila University in the Finals of the UAAP 81 Men’s Basketball Tournament. Still, the season will always be remembered as the time when the Fighting Maroons ended their 21-year playoff drought and their 32-year Finals absence. More than that, the season may very well be remembered as when State U formalized its return to relevance. “Oo naman. ‘Winning Maroons’ na kami. Our minds are there already,” head coach Bo Perasol proudly said, even after they have just gotten blanked in the championship round. Indeed, from 2007 to 2015, UP only won 13 times out of 126 games. Those days have been self-depreciatingly called “the dark days.” Since head coach Bo Perasol took over, however, they have gone 19-23. Making “Bo-lievers” out of skeptics, coach Bo has led his alma mater to its best showing since 1986 with a runner-up finish they wrapped up on Wednesday at the Araneta Coliseum. Yes, the Fighting Maroons were only runners-up to the Blue Eagles, but relative to the former who had just gotten out of “the dark days,” silver seems like gold. And, if coach Bo is to still be “Bo-lieved,” they are far from finished. “We already did it and we’re enjoying the (aftermath) of that – the praise, the adulation – but we need to move on from that. I’m so excited about my prospects kahit na ang expectations, mataas ngayon and next year, how much more” he said. He then continued, “It’s gonna be the Finals now, not (just) the Final Four. It’s about the Finals when we go back because if I say it’s (just) Finals Four, no one’s gonna believe them now.” Keep doubting him and UP at your own risk – what’s sure is that the Fighting Maroons won’t stop “Bo-lieving.” --- Follow this writer on Twitter, @riegogogo......»»

Source: Abscbn AbscbnCategory: SportsDec 6th, 2018Related News

UAAP Finals: In showing character, UP earns Ateneo s respect

Ateneo de Manila University left no doubt in claiming back-to-back championships in the UAAP 81 Men’s Basketball Tournament. Following a convincing nine-point victory in Game 1, the Blue Eagles ran the University of the Philippines out of the Araneta Coliseum in Game 2 on Wednesday by a score of 99-81. That 18-point win was more than enough for them to clinch their seventh title in the last 11 years. Despite the dominant series sweep, the now two-time defending champions had nothing but good words for their fallen foes. “At the end of the day, yes, there’s only one champion, but there are only two teams that play the last game of the season. That means the one that doesn’t win still must’ve done a lot of things pretty well,” head coach Tab Baldwin told reporters post-game. Indeed, while Ateneo was in complete control of the Finals, Fighting Maroons Bright Akhuetie, Paul Desiderio, and Juan Gomez de Liano kept coming at them. In the eyes of coach Tab, that just showed the character they have discovered and then developed throughout the tournament. “When you look at their season, their season had a lot of character to it because they were a struggling team early on and looked out of sorts. It’s really difficult so you scratch your head all the time and say, ‘We got talent, we got some good players, how do we pull this thing together,’” he shared. He then continued, “I don’t know what they did, but they sure got it together and they got these guys playing as a team, playing extremely hard, and they put together a great season.” At the start of the second round, UP found itself at 3-5 and at the outside looking into the playoff picture. From there, though, they went 7-1 to make a run to the Finals which was a pleasant surprise for just about everybody. And though the Fighting Maroons had to settle for a runner-up finish, the Blue Eagles said they deserve nothing but respect for their magical season. “I think that you got to give credit to every single one of them. The coaches obviously did a good job and the players worked with the coaches so they deserve credit for that,” coach Tab said. He then continued, “They were a really tough opponent for us.” --- Follow this writer on Twitter, @riegogogo......»»

Source: Abscbn AbscbnCategory: SportsDec 6th, 2018Related News

Jalalon pumped up by Barroca in masterful Game 1 showing

MANILA, Philippines – Jio Jalalon put up a masterclass to help Magnolia draw first blood against Alaska in the 2018 PBA Governors' Cup finals, and it had a lot to do with the presence of teammate Mark Barroca. The sophomore guard said he is just always trying to emulate the ........»»

Source: Rappler RapplerCategory: NewsDec 6th, 2018Related News

Zuckerberg defends Facebook in new data breach controversy

LONDON, United Kingdom – Facebook chief Mark Zuckerberg pushed back on Wednesday, December 5, against emails showing the social media giant offering Netflix and other popular apps preferential access to people's data even after it had tightened its privacy rules. A British parliamentary committee investigating whether the social media behemoth was ........»»

Source: Rappler RapplerCategory: NewsDec 6th, 2018Related News

Substitute Mbappe galvanizes PSG in 1-1 draw at Strasbourg

By Jerome Pugmire, Associated Press PARIS (AP) — Kylian Mbappe came off the bench to rescue Paris Saint-Germain from its first defeat of the season when he earned a second-half penalty in a 1-1 draw at Strasbourg on Wednesday. After a poor opening half when PSG struggled to string any passes together under Strasbourg's intense pressing, Mbappe galvanized his side but ultimately could not prevent a second straight draw. "It wasn't a good match from us. It's always hard to play here because they give everything and they deserved a draw," PSG winger Julian Draxler said. "We didn't lose but normally we should win. It's a second draw for us and we have to improve ahead of our next match in the Champions League (against Red Star Belgrade)." Unbeaten in 16 league games, defending champion PSG is 14 points ahead of second-place Lille. With 20 minutes remaining Mbappe was felled by Kenny Lala — who had put Strasbourg ahead with a first-half penalty — and striker Edinson Cavani coolly converted from the spot for his 10th league goal of the season. Strasbourg handed PSG one of only three defeats last season and came close to doing it again. In a dramatic finale, midfielder Adrien Thomasson had a dipping shot acrobatically saved by PSG goalkeeper Alphonse Areola, and had a point-blank header ruled out for offside in the fifth minute of injury time. In the sixth minute of added-on time, PSG had a free kick on the edge of the area but with its tallest players crowding the box, veteran defender Dani Alves bizarrely went for goal and skewed the ball wide. With Neymar sidelined with an apparent recurrence of a groin injury sustained playing for Brazil recently, PSG labored and Strasbourg was good for its 41st-minute lead. The home side's penalty was given for handball by defender Thilo Kehrer, who gave away a third penalty this season. Referee Antony Gautier initially did not give it, but changed his mind following a video assistant review showing Kehrer moving his arm toward a cross. Lala confidently sent Areola the wrong way. PSG had dropped its first points of the season in a 2-2 draw at Bordeaux on Sunday. Coach Thomas Tuchel brought on Mbappe — fourth in the Ballon d'Or award this week — and his side perked up. Mbappe almost set up an equalizer five minutes after coming on with a cross for Kehrer, but his header was well saved by Belgian goalie Matz Sels. Mbappe then set up Cavani and the striker's effort was disallowed for offside. Sels saved another Kehrer header before ninth-place Strasbourg finished strongly. LYON LOSES Lyon's unbeaten run ended when it lost 2-0 at home to Rennes, with Hatem Ben Arfa scoring against his former club. The hosts, which spurned a chance to move up to second in the league, had not lost in nine games in all competitions since a 5-0 defeat at PSG two months ago. Winger Ben Arfa netted in the 41st minute with a superb solo goal and striker Jordan Siebatcheu scored two minutes later. Lyon is fourth, one point behind Montpellier and two adrift of Lille. OTHER MATCHES Marseille twice took the lead before losing 3-2 at Nantes. The visitors struck through midfielder Morgan Sanson and winger Florian Thauvin's penalty, his 11th goal of the campaign, but striker Emiliano Sala replied with a firm header to join Mbappe at the top of the scoring charts on 12. Sala then set up a goal for midfielder Abdoulaye Toure before attacking midfielder Gabriel Boschilia slotted the Nantes winner. "We were the kings of stupidity tonight," Marseille coach Rudi Garcia said. Marseille stays fifth because sixth-place Saint-Etienne lost 3-2 at 10th-place Bordeaux. Defender Loick Landre grabbed a 96th-minute winner as Nimes won 2-1 at Caen to climb to eighth. It was also Dijon 2, Guingamp 1 and Reims 0, Toulouse 1......»»

Source: Abscbn AbscbnCategory: SportsDec 6th, 2018Related News

Filipino artists show their works on NY’s Fifth Avenue

    NEW YORK -- Every budding artist dreams of artistic exposure in the financial capital of the world, New York City. Amid the bustling city that bred famous artists, located right next to landmark Rockefeller Center is no less than the Philippine Center on 556 Fifth Avenue corner 46thStreet.   This time of the year it is adorned by our famous parol, with giant TV monitors showing various sceneries in the Philippines for 24-hours. The window display alone attracts thousands of tourists that pass by on Fifth Avenue, going to Saks Fifth holiday display and St. Patrick's Cathedral.   Acquired during the Marcos regime in 1974, this prime piece of Ma...Keep on reading: Filipino artists show their works on NY’s Fifth Avenue.....»»

Source: Inquirer InquirerCategory: Dec 5th, 2018Related News

NU cagebelles score 5-peat

Showing no signs of stopping, history-making National U completed an unbeaten drive to a five-peat in UAAP Season 81 women’s basketball with a 67-61 victory over Far Eastern yesterday at Smart Araneta Coliseum......»»

Source: Philstar PhilstarCategory: NewsDec 5th, 2018Related News

UAAP Finals: Ateneo sweeps UP for back-to-back championships

Ateneo de Manila University not only re-asserted its mastery over the University of the Philippines, but also reinforced its reign over all of the UAAP 81 Men’s Basketball Tournament. Thirdy Ravena continued his series-long brilliance, Ange Kouame came up big once more, and the Blue Eagles crashed the coming out party of the Fighting Maroons with a well-earned 99-81 win in Game 2 of the Finals on Wednesday at the Araneta Coliseum. Ravena gave his team his best game yet with a career-high 38 points to go along with six rebounds, six assists, and three steals while Kouame towered above all with yet another monster-double-double of 22 markers and 20 boards. The decision was only in question for the first nine minutes until the defending champions unleashed 10 unanswered points that increased a five-point lead late in the first to a 28-13 advantage early in the second. That charge was sparked by neither Ravena nor Kouame as it was prized recruit SJ Belangel who had four points and two assists to make it all happen. They would never look back from there all the way to their 10th overall men’s basketball title. Most of those trophies have come in the last 11 years where the Blue Eagles have been the kings seven times. In the end, Belangel had six points and two assists while Raffy Verano had 11 markers and six rebounds. Graduating guard Anton Asistio also added six points. For UP, Juan Gomez de Liano fronted the effort with 24 points, seven rebounds, and three assists while team captain Paul Desiderio left it all on the court with 15 markers, seven boards, three dimes, and two steals in his last game in maroon and white. Season MVP Bright Akhuetie pounded in 19 points and eight rebounds just four days after suffering a hyperextended left knee. Even after getting swept in the Finals, the runner-up finish is still their best showing since 1986. BOX SCORES ATENEO 99 – Ravena 38, Kouame 22, Verano 11, Tio 7, Nieto Ma. 6, Asistio 6, Belangel 6, Go 3, Nieto Mi. 0, Mamuyac 0, Mendoza 0, Andrade 0, Black 0, Wong 0, Daves 0, Navarro 0. UP 81 – Gomez de Liaño Ju. 24, Akhuetie 19, Desiderio 15, Gomez de Liaño Ja. 11, Dario 8, Lim 2, Vito 2, Manzo 0, Jaboneta 0, Murrell 0, Spencer 0, Prado 0, Española 0, Longa 0.  QUARTER SCORES: 25-13, 48-37, 70-56, 99-81 --- Follow this writer on Twitter, @riegogogo......»»

Source: Abscbn AbscbnCategory: SportsDec 5th, 2018Related News

Man City faces repercussions for misleading UEFA on finances

By Rob Harris, Associated Press LONDON (AP) — European soccer's leadership has an initial conclusion on leaked Manchester City correspondence: The club has been misleading UEFA over its finances. With the power to ban clubs from the Champions League, the consequences from UEFA could be severe for the Premier League champions. UEFA discovered from reading internal emails from City, which were published by German media outlet Der Spiegel last month, the extent of schemes by the club to allegedly cover up the true source of income in a bid to comply with Financial Fair Play regulations, a person with direct knowledge of the situation told The Associated Press. The person spoke on condition of anonymity because they were not authorized to discuss the situation publicly while UEFA conducts a review of the City case. City has been transformed into an English soccer power in the decade since being bought by Sheikh Mansour bin Zayed Al Nahyan, a deputy prime minister of the United Arab Emirates and a member of Abu Dhabi's royal family, winning the Premier League three times since 2012. But unfettered spending on players has been restricted by European soccer's governing body — regardless of the owners' wealth. City has already been punished by UEFA for violating FFP, striking an agreement in 2014 that saw the team fined rather than banned from the Champions League for inflated sponsorship deals with companies linked to the club or its ownership. UEFA publicly said last month that evidence from "Football Leaks" could lead to past cases being re-opened. The person with knowledge of the situation said it was more feasible to use the leaks to re-assess the candor of club executives and as a basis to judge City's compliance with FFP in the current three-year assessment period. That covers 2015 when Der Spiegel said emails were being sent internally at City showing the manipulation of sponsorship revue from Etihad Airways, the state-owned airline from Abu Dhabi, which is the naming rights sponsor of City's stadium and training campus as well as appearing on jerseys. The sponsorship was said to generate 67.5 million pounds (about $85 million) annually for City. But City's holding company — the state-backed Abu Dhabi United Group — channeled 59.9 million pounds back to Etihad, according to Jorge Chumillas, the club's chief financial officer, in an internal email to club director Simon Pearce. City has not disputed the authenticity of any emails published by Der Spiegel over the last month. Given the fresh insight into City's financial dealings, UEFA President Aleksander Ceferin has said there was a "public interest" in the correspondence being leaked, while questioning how it was obtained. "We are assessing the situation. We have an independent body working on it," Ceferin said Monday. "Very soon you will have the answers on what will happen in this concrete case." FFP was the flagship policy of Michel Platini, Ceferin's predecessor as UEFA president, and introduced at the height of the global financial crisis in attempt to prevent clubs from becoming unsustainable. Since July 2011, UEFA has monitored the accounts of all clubs entering its two club competitions. The first period UEFA assessed clubs for compliance with FFP was 2011-13, when owners were allowed to cover losses up to 45 million euros. The leaks showed how City allegedly tried to artificially raise its revenue, in one case by 30 million euros, according to emails from 2013 reported by Der Spiegel. Abu Dhabi United Group was alleged to be sending cash to a shell vehicle which was created to supposedly buy the right to use players' images in marketing campaigns. There were further examples that Sheikh Mansour could have been the source of sponsorship revenue for Abu Dhabi state-owned companies like investment firm Aabar. Der Spiegel cited a 2010 email to Aabar from Pearce, the City director who also works for Abu Dhabi's Executive Affairs Authority. "As we discussed, the annual direct obligation for Aabar is GBP 3 million," Pearce wrote. "The remaining 12 million GBP requirement will come from alternative sources provided by His Highness." Seeing internal City correspondence has given UEFA a greater insight into the conduct of the club and its officials. A 2014 email from City lawyer Simon Cliff to a colleague showed the death of UEFA's lead FFP investigator being celebrated: "1 down, 6 to go." UEFA is examining whether to open disciplinary cases against individuals at City involved in attempts to provide a misrepresentation of club finances to the governing body's FFP accessors, another person with direct knowledge of the situation said. The person, who did not identify any individuals, spoke to the AP on condition of anonymity because they were not authorized to publicly discuss the City case. A challenge for UEFA is getting City to provide information from related companies in Abu Dhabi that the leaks show are central to compliance with FFP. City has repeatedly declined to respond to the specific allegations in the leaks, dismissing a month of negative headlines by saying: "The attempt to damage the club's reputation is organized and clear." But City has had no such qualms using its website to cast aspersions on the reputations of other clubs over their ability to comply with FFP. City has used the media watch section on its website to cite unsubstantiated news reports, including a claim in 2016 that "Inter Milan are looking to circumnavigate FFP" and speculation this year that if Paris Saint-Germain "are found to have broken FFP regulations they face being booted out of the Champions League." Those pages were deleted from its website after City was approached for comment by the AP......»»

Source: Abscbn AbscbnCategory: SportsDec 5th, 2018Related News

AP column: Good and bad in Ballon d Or twerking uproar

By John Leicester, AP Sports Columnist PARIS (AP) — First, the good news: In 2018, a man can no longer disrespect a trailblazing sportswoman on global TV without incurring instant opprobrium. French DJ Martin Solveig learned this to his discomfort when he asked Ada Hegerberg to twerk just after she became the first female winner of the Ballon d'Or and used her victory speech to appeal to girls everywhere to "please, believe in yourself." Immediately after the awards ceremony ended, with outrage already frothing on social media, Solveig still couldn't see why his inappropriate suggestion to the 23-year-old Norwegian was causing such upset. "It was a joke. You must have a bit of a sense of humor," he told The Associated Press as gala guests filed out of the domed Grand Palais in Paris on Monday and Hegerberg posed for photos with her heavy golden trophy. But then, as a video clip showing Solveig's interaction with Hegerberg started to rack up millions of views on Twitter, he understood. Solveig sought out Hegerberg to explain himself and tweeted "sincere apologies." "I didn't mean to offend anyone and I didn't know that this could be seen as such an offense," he said in a video message. The bad news, as the whole sorry episode showed, is that in 2018, the behavior of men is still overshadowing the achievements of women. And Hegerberg's achievements are immense. The steely forward is a three-time winner of the Women's Champions League with French club Lyon. Given her young age and current fearsome pace of 41 goals in 41 games in the tournament, she seems likely to make history like Cristiano Ronaldo and Lionel Messi on the men's side. Already, she set a tournament record with 15 Champions League goals last season — including in Lyon's 4-1 victory over Wolfsburg in the final . Hegerberg appeared visibly miffed, shaking her head, responding with a firm "Non" and then turning away after Solveig asked her on stage in French, "Do you know how to twerk?" Had Messi or Ronaldo been standing beside him, it's hard to imagine the DJ asking them to shake their backsides in the twerking dance made famous by singer Miley Cyrus rubbing against Robin Thicke at the 2013 MTV Video Music Awards. That Solveig did so with Hegerberg immediately struck many as icky. "Why do woman still have to put up with that (expletive)?" tennis player Andy Murray wrote on Instagram. "To everyone who thinks people are overreacting and it was just a joke, it wasn't. I've been involved in sport my whole life and the level of sexism is unreal." At the gala for her daughter's prize moment, Hegerberg's mother, Gerd, said the impropriety of Solveig's remark was initially lost on her. "Let him dance with the queen tonight, I was thinking," she told the AP. But when the meaning of twerk was then explained to her, she reacted with dismay, with an expletive. Hegerberg herself didn't let the uproar mar her evening. After meeting with Solveig and hearing his apology, she was determinedly cheerful by time she came to speak to waiting reporters. "I wasn't upset," she said. "I got to dance a bit and I got the Ballon d'Or." The visibility and status that comes with that trophy will give Hegerberg more power to push the cause of women's soccer. She is already putting that leverage to use. She told the AP in an interview shortly before she picked up her trophy that she won't play in the Women's World Cup in June in France because of a dispute with the Norwegian federation. Hegerberg hasn't played for the national team since last year because of what she perceives to be a general disregard for women's soccer in Norway. "It's all about how we respect women's football. I don't think the respect has been there," she told the AP. "Sometimes you have to take tough decisions to stay true to yourself." She also expressed frustration with the uneven pace of progress for women. A few hours later, Solveig's behavior made her words ring true. "Sometimes you have episodes or situations where you feel like, 'Damn, we're in such a man's world,'" she said. "That could be in a daily situation, being a woman, to be honest. Outside of the pitch as well. There's a lot of discussions to take and to bring on the table as a woman in 2018.".....»»

Source: Abscbn AbscbnCategory: SportsDec 5th, 2018Related News