Report reveals record Premier League club profits

first_img0Shares0000Premier League wages rose across the league by nine percent to a new record of £2.5 billion last season, according to a report by Deloitte © AFP/File / Glyn KIRKLONDON, United Kingdom, Apr 20 – English Premier League clubs enjoyed record profits last season, according to a report published Friday by financial consultants Deloitte.The report said the Premier League made a collective pre-tax profit of £0.5 billion ($0.7 billion, 0.57 billion euros) almost three times the previous record of £0.2 billion in 2013/14. With strong broadcast revenues and Financial Fair Play rules keeping wages in check to a degree, England’s top-flight clubs also posted a record operating profit — total revenues minus wages and other costs, apart from transfer fees, – of £1 billion, double the figure for the previous season.Wages, however, did rise across the league by nine percent to a new record of £2.5 billion but overall revenue rose 25 percent.Dan Jones, the head of Deloitte’s Sports Business Group, said the revenue increase was a result of last season being the first of a three-year domestic broadcasting deal with BT and Sky worth more than £5.1 billion.Jones added the increase in wages was “nowhere near the level of revenue growth” and this “reflects both the extent of (the Premier League’s) financial advantage over other leagues and the impact of domestic and European cost control measures”.Although the league has had difficulties in selling the next set of domestic broadcast rights this year, Jones forecast that clubs, who have made collective pre-tax profits in three of the last four years, would continue to record impressive financial figures.Manchester City, which currently leads the English Premier League, spent more than any other European football club to assemble its current squad © AFP / Paul DEFOSSEUX“Despite the lack of growth in domestic broadcast deals announced to date, we still expect to see overall revenue growth in the coming seasons, and if this is complemented with prudent cost control, we expect that pre-tax profits will be achieved for the foreseeable future,” he explained.The above figures do not include transfer costs, which for accounting purposes are spread over the length of a player’s contract.Transfer fees are continuing to rise worldwide but Deloitte are confident the Premier League is well-placed to continue to compete with the likes of Italy’s Serie A and Spain’s La Liga for leading players, with a number of top footballers likely to be looking for new clubs after the World Cup in Russia in June and July.“We have already seen some clubs utilising their significant revenue increases, with a record £1.9 billion spent on transfers in the 2017/18 season,” said Tim Bridge, a senior Deloitte consultant.“We may again see similar levels of spending in the coming season, with the World Cup providing the perfect shop window for talent, but expenditure remains well within the means of clubs.”0Shares0000(Visited 1 times, 1 visits today)last_img read more

Exclusive – Rooney has let down Man United with ‘ridiculous’ red card, insists Hill

first_imgWayne Rooney let down Manchester United and the club’s fans with his red card against West Ham, Gordon Hill believes.The forward was sent off after 59 minutes when he kicked out at Stewart Downing in an attempt to stop a counter attack.Manager Louis van Gaal defended the player, but the England star was rounded on by supporters for the foolish incident and former winger Hill, who made 134 appearances for United in the mid-Seventies, insisted the incident is not becoming of a captain.“That [foul] was very cynical,” he told Extra Time. “It was ridiculous.“For me, Wayne Rooney let the club down. He let his team-mates down tremendously and that’s not what a captain does.”last_img

Wesley Snipes wants $1.7 million default judgment set aside

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Los Angeles Superior Court Judge David Workman signed the judgment against Snipes on Sept. 13. Snipes states in a declaration filed Oct. 3 that he was unaware of the judgment against him until shortly after it was signed. “I had absolutely no idea that UTA had commenced formal legal action against me until after I heard about the judgment,” Snipes states, and adds that he never tried to evade service. “It is my regular practice to promptly address legal issues when they arise,” his declaration says. Snipes says in his court papers that he spent part of 2006, when the suit was filed, in Namibia, Africa, shooting the film “Gallowwalker.” He says his primary home is in Florida but that he spends most of his time at his Geneva, Switzerland, apartment when not working. Snipes acknowledged he saw an Internet tabloid posting in July 2006 stating that UTA had made “some sort of claim against me,” but “took it for rumor and nothing more.” According to UTA’s lawsuit, Snipes and the company entered into a verbal agreement in November 2002 in which the agency was to be paid 10 percent of any money the actor received for movie roles that UTA obtained for him. The plaintiffs said Snipes received $13 million for his role in “Blade III.” Four former talent agents with the company were principally responsible for him getting the role, the suit alleges. The firm claims it also helped Snipes land parts in the movies “Chaos,” “Middle Man” and “The Shooter,” but the actor did not pay the commissions he owes for those performances either. After UTA was unable to serve Snipes with notice of the lawsuit personally, the company says it obtained approval last May from Commissioner Barry D. Kohn to publish a summons giving notice of the litigation in two newspapers. The summons was published in May and June in the Daily Journal, because Snipes has done business in Los Angeles, and in The Record in Fort Lee, N.J., near where Snipes has a home, the UTA court papers state. Snipes also is facing trial early next year in Ocala, Fla., on tax charges that carry a potential 16-year prison term. He has denied that he fraudulently claimed tax refunds of $12 million and claimed he is being made a scapegoat. His trial in the tax case was to begin Oct. 22. But shortly before then, Snipes fired attorney Billy Martin, whose clients include Atlanta Falcons quarterback Michael Vick and Idaho Sen. Larry Craig. Snipes said in court papers that Martin was too busy working on Vick’s behalf to give proper consideration to his case. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Wesley Snipes is asking a judge to set aside a $1.7 million default judgment to the talent agency that formerly represented the “Blade” trilogy star and claims it’s owed commissions for getting him movie roles. Lawyers for Los Angeles-based United Talent Agency Inc., which brought the suit against the 45-year-old actor, filed papers yesterday stating the company wants the issue decided at trial. UTA attorney Bryan J. Freedman said he is happy to see Snipes “engaged” in the litigation rather than continuing to ignore it. A hearing on the motion is set for Nov. 14. UTA filed suit against Snipes in Los Angeles Superior Court in July 2006, four months after parting ways with the actor, alleging breach of oral contract. He did not respond to the suit, though a summons was published in two newspapers, according to UTA’s court papers. last_img read more

DONEGAL GARDAI ON THE HUNT FOR NEXT MESSI, RONALDO or EVEN ROONEY!

first_imgDonegal Gardai are on the look-out for the next Messi or Ronaldo!As part of An Garda Síochána and the Community Together in Sport, a mixed soccer league has been organised for the Screaban (Gaoth Business Park).The tournament will be a seven-a-side for Males (+40) and Females (+30) years old. It on Sunday the 31st of January under lights at the Screabán.And the good news is that it doesn’t matter what level of sport or physical fitness you have because the main aim of the competition is FUNThere is a small fee of €5.00 per player per night but every Euro collected will go straight towards a local charity.If you are interested in taking part in this competition, there is a registration night in the Acadamh in the Screabán (Gweedore Business Park) Friday the 22nd of January from (6.30pm-9.00pm). It is that simple! DONEGAL GARDAI ON THE HUNT FOR NEXT MESSI, RONALDO or EVEN ROONEY! was last modified: January 22nd, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalGaoth Dobhair Business ParkGardaiSoccer. Tournamentlast_img read more

Cardiff sign Norwich winger Josh Murphy

first_img#CardiffCity are delighted to confirm the signing of @JoshMurphy65, from @NorwichCityFC! 👉 https://t.co/1eZyL3cQvq#CityAsOne 🔵⚽️🔵⚽️ pic.twitter.com/Gi8Okvv1YV— Cardiff City FC (@CardiffCityFC) June 12, 2018Middlesbrough held a firm interest in the winger and a move to the north east would have allowed Murphy to be closer to his twin brother Jacob, who joined Newcastle last summer.But Bluebirds boss Neil Warnock has won the race after guiding the Welsh club to second in the Sky Bet Championship last season.Warnock said: “Josh is a player I’ve watched for a number of years now and he’s always excited me when he runs with the ball.“I think he’s at the right age now with his best still to come. He can play an instrumental part in helping us to stay in the Premier League and I know he’s looking forward to the challenge.“He’s been my number one target since the end of last season.”Warnock has admitted he wants five or six new signings ahead of their top-flight return. 1 Murphy came through the Norwich academy and made 108 appearances for the Canaries. Last season he played 47 times and scored 11 goals.The sale is part of a rebuild at Carrow Road after their parachute payments ended and they are also expected to sell James Maddison this summer.England Under-21 midfielder Maddison is expected to cost over £20million and Leicester are leading the race for his signature but Everton remain interested.center_img Cardiff have signed winger Josh Murphy from Norwich for an undisclosed fee.The 23-year-old, who signed a four-year deal, has become the first new arrival at the Bluebirds since they secured a return to the Premier League last month after.last_img read more

A GORTAHORK SAPLING WITH A TREE-MENDOUS PLACE IN HISTORY

first_imgA fine sycamore towers in the front garden of a small house in the village of Gortahork.People can’t remember a time when it wasn’t there.Before he travelled to France last weekend for the Battle of the Somme commemorations, Minister for the Gaeltacht Dinny McGinley heard the poignant story of this stately tree. Dinny was visiting his old friend Paddy McGowan, who told him about his uncle who left Gortahork in 1914 to join the British army.On the morning before he departed, 18-year-old John McGowan planted a sycamore sapling as a reminder to his family to keep him in their thoughts.The young Donegal man was first sent to the Dardanelles, where he sustained a hand injury. After recuperating, he was transferred to the Somme, never to return home.But the tree he planted now soars above the garden, 99 years after he planted it. When Dinny told Paddy he would be representing the Government at the commemorations, his friend asked him to try and locate Uncle John’s final resting place. “Will you take a branch of the tree with you, and if you find him will you place it on his grave?”Dinny was happy to oblige. Which is how it came to pass that the Minister of State travelled to France accompanied by the special branch.Last Sunday, in the company of Niall Leinster of the Somme Association, Dinny travelled north to Étaples Military Cemetery in Pas de Calais. There, after a little searching, they found the grave of “5169 Private J McGowan, Royal Munster Fusilier”. He died on August 2nd, 1916. Dinny described the emotional moment when he stood at the headstone.“I said: ‘Hello John, I bring you greetings from your nephew Paddy, who is now 90 years of age. Even though he never knew you, he has fond memories of you through all the stories he heard down through the years. They never forgot you. Paddy told me to be sure and tell you that the tree you planted the morning before you left is in full bloom and covers more than half the garden. It’s one of the finest trees in all of Gortahork and the surrounding area. And I’m falling down on my two knees now and bringing you a branch of your own sycamore tree’.”Then Dinny said a silent prayer and laid it by the headstone – John McGowan’s final bough. And he left the grave of Paddy’s uncle from Gortahork with these parting words: “Codladh sámh i measc na laoch go raibh agat a John.” (Sleep peacefully among the warriors, John) (Courtesy of The Irish Times.)A GORTAHORK SAPLING WITH A TREE-MENDOUS PLACE IN HISTORY was last modified: July 6th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Battle of the SommegortahorkJohn McGowanlast_img read more

Tackling a Basement Water and Radon Issue

first_imgHolladay also questions Rossn’s intent to connect radon piping to his perimeter drainage system.“In general, you don’t want to connect a radon mitigation system to any pipe that leads to daylight or is connected to the open air unless the ‘daylight’ pipe has a check valve,” he says. “Check valves can fail, so that’s sub-optimal. I’m not sure about the connection in your case — but separate radon piping connected to the sub-slab crushed stone layer is best, without sharing drainage piping.” Addressing radon in older housesFor retrofits, Rossn says the usual approach in his area is to punch a hole in the slab, insert a pipe and install a fan on the pipe. The sump is often the first choice for a point of entry. If that doesn’t lower radon levels sufficiently, a mitigation specialist might add a second point from which to draw sub-slab air, seal seams and cracks, or add a more powerful fan. He refers GBA readers to an EPA brochure on reduction strategies.“In my case, I do have about 20 feet cut in my slab for relocation of a bathroom and am extending some gravel from it to the sump,” Rossn says. “My challenge is that I’m adding the dimple mat, which would come close to the surface, and serve as a potential leak point.”But that shouldn’t necessarily be an issue, Holladay replies.“Dimple mat is usually terminated at the top with a horizontal termination strip or flashing (as my recent article explains), so it shouldn’t be too hard to perform air sealing work at the top of the dimple mat before the termination strip is installed,” Holladay says. “I think you’ll be OK. Of course, you’ll need to measure the radon level in the first floor of your house after the work is complete. In the unlikely event that the radon level is still high, you’ll need to call in a certified radon abatement contractor for advice.”Jon R agrees with Holladay, noting that if the dimple mat is sealed tightly to the foundation wall with EPDM, there isn’t much of an air leakage path, other than through lots of soil. RELATED ARTICLES Radon risksRadon is a real issue in the area where Rossn lives.“In Colorado, you almost don’t even need to measure it to estimate that the test will be above the EPA’s recommended remediation level,” writes Dana Dorsett, referring Rossn to a state map showing where radon levels are likely to be high. “Pick a county, any county.”Radon is a colorless, odorless gas that, according to the Environmental Protection Agency, causes some 21,000 lung cancer deaths per year in the U.S. In high risk areas, pipes are often installed below the basement slab where they collect radon before it gets into the house. An inline fan installed on the main stack vents the radon to the outside.In Rossn’s case, footing drain lines on the south and west side of the house also serve as part of the radon mitigation system. The fan for the system has been installed in the shed (see Image #2 below). But now that Rossn is using dimple mat to help control water on the outside of the foundation wall he worries the radon collection system won’t work, or at least won’t work very well.The house dates from the 1960s, so there is no radon piping or vapor barrier underneath the slab.“Dana’s about right,” Rossn adds. “Radon was around 7-8 picocuries per liter originally [about double the EPA’s recommended action limit], and around 4 picocuries per liter after remediation, but now I’m tightening up the house.” Best spot for foundation drains?Rossn adds that a member of the excavation crew he’s working with says it’s typical for engineers to specify that holes in the foundation drain lines be located below the bottom of the footing, but not in compressed soil. Soil would be sloped down and away from the bottom of the footing, with at least 60% of the fill being sand.“My own opinion is that the drainage holes on the footing drain pipes have to be below the level of the slab, but the drainage holes don’t have to be below the bottom of the footing,” Holladay says. “You’ll hear lots of opinions on this issue. GBA published an article on the topic a while back called “How to Install a Foundation Drain.” Some changes to considerGBA Editor Martin Holladay finds Rossn’s approach sound, but he suggests two modifications.“Your underground roof is a little close to the surface,” he says. “Either erosion or a curious dog digging a hole might expose the underground roof — so if site conditions allow, you might lower the underground roof.” How to Install a Foundation DrainAll About RadonRadon and AirtightnessGBA Detail: Retrofit for Radon VentUsing a Dimple Mat to Keep a Basement DryGreen Encyclopedia: Foundation Drains Rossn has been remodeling the lower level of his Colorado home and in the process discovered evidence of some moisture and bulk water issues. Although the problems are not severe enough to make the lower level a “wet basement,” Rossn has developed a plan to better manage water near the house, and solve a radon problem at the same time.In a Q&A post, Rossn outlines his approach in the drawing that appears on the right.His plan is to connect the radon mitigation system to the sump, and thus the perimeter footer drain, but he’s concerned that the dimple mat on the outside of the foundation will interfere by causing the system to lose suction.“I’m not sure the trench/French drain approach will work for me near the surface, given my soil is 60% sand and drains easily,” Rossn says. “I added a liner, though am not sure if that will work, and ultimately I’d tie it into the rest of the gutter system.”The perimeter drain is virtually flat and is as much as 110 feet from the sump. (A plan view of the project is reproduced as Image #2, below).Will this plan work? That’s the topic for this Q&A Spotlight. Our expert’s opinionPeter Yost, GBA’s technical director, had this to add:I just want to weigh in on the issue of airtightness and radon levels. New information has become available on this topic since I wrote this blog.In a 2014 study conducted for the Oak Ridge National Laboratory, researchers evaluated more than 500 homes in 35 states, measuring radon levels in foundation spaces and first-floor living spaces before and after the houses were weatherized.The report makes several findings:Radon tests conducted after the houses were weatherized — that is, tightened up — found a “small, statistically significant” increase in radon levels. Nationally, the study suggests an average increase of less than 1 picocurie per liter (pCi/L).In houses that started with low levels of radon, the impact of weatherization was relatively small. In houses with higher levels of radon before weatherization the impact was greater.Higher levels of radon are relatively rare in mobile homes and in site-built homes in counties the EPA has identified as having low radon potential.Colder weather increases the stack-effect depressurization of basements and crawlspaces, which in turn sucks more radon into living spaces.On average, the overall effect of air sealing is a reduction in natural ventilation and proportionately higher indoor radon levels.The installation of a continuous mechanical ventilation system reduces radon levels.Keep in mind that the only way to know the impact of weatherization work on radon levels is to perform a radon test after the work is complete. Statistics only indicate probability — a specific home may be a statistical outlier.One other thought: Rossn (the homeowner who posted the question) is concerned that the perimeter drain has a long run. I would recommend adding clean-outs to the perimeter drainage system.last_img read more

SPORT-IND-ASHWIN 2 LAST

first_img(REOPENS DEL 32) (REOPENS DEL 32) Pressure is buzzwoprd heading into the marquee clash but Ashwin said there are a lot of other factors that affect the players. “Cricket is a psychological game. I find it quite amusing, when people say you will have to keep it simple, its not. Its a psychological game. Unless youre exceptionally talented you find yourself losing a psychological battle.” Ashwin also preferred not to read much into their defeat against the Kiwis. “If we knew we would have got out for 79, we would have tried to bowl them out for a lesser score,” he quipped. “Unfortunately we did not. We have been doing a fabulous job. It was a bad day. They bowled brilliantly. We got to give credit to Santner. Obviously we contributed to their success. If at all theres an International team which can put it behind and go forward, it is us. “Its not the first time this has happened to us. We have done it in the past. We have it in us to come back from behind. That is what were looking forward to. Its about understanding the game, the ground, the wicket and all that. Whichever team gets used to it may have an edge. “Its not the right time to relook and revisit our strategies. Its about fine-tuning and trusting our abilities. We cant change a whole lot, can we?,” he concluded. PTI TAP AT PM PMlast_img read more

Arsene Wenger says Arsenal must ‘fight like mad’ for top-four finish

first_imgArsenal will need to show consistency in their final seven Premier League matches if they are to qualify for next season’s Champions League, manager Arsene Wenger has said.The North London club have seven games to go, are seventh in the league and seven points behind fourth-placed Manchester City, who have played one more game than them.”We have to fight like mad to win our games,” the Frenchman told a news conference before they host 15th-placed Leicester City in the league on Wednesday.Wenger has led his side to a top-four finish every season since joining the club in 1996.”The door is open but it demands a consistency from us,” Wenger said.”It is still possible, but we need a near perfect run-in. We need to keep the level of desire and hunger for every game of the season.”The British media reported on Monday that French club Olympique de Marseille are looking to sign Arsenal striker Olivier Giroud at the end of the season.Wenger, however, said he had heard no such thing and the 30-year-old France international signed a contract in January which keeps him at the Emirates until 2020.”I have had no approach from Marseille, and we want to keep Olivier Giroud at the club.”The 67-year-old Wenger, whose own contract expires at the end of the season, gave no updates on his future but said he was evaluating transfer targets for Arsenal’s next campaign.”Yes, of course. I work until the last day of the season for the present and the future.advertisement”What happens with me is a bit secondary, what is important is the future of the club.”Following the Leicester encounter, Arsenal travel on Sunday to their north London rivals, second-placed Tottenham Hotspur.last_img read more