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Reds on right financial path – Ayre

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first_img Press Association But with turnover increasing by nine per cent to £206.1m and external debt down by 29 per cent to £45.1m – courtesy of an interest-free, inter-company loan from owners Fenway Sports Group – Ayre is upbeat about their future performance. This year’s finances will be boosted by a huge new television deal while the club, second in the Barclays Premier League table and six points clear of fifth-placed Tottenham, are on course to qualify for the Champions League – participation in which brings in an estimated £20m minimum. “These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch,” Ayre told the Liverpool Echo. “Over the past four or five years revenue has been consistently increasing from around £170m in 2009 to over £200m today – and external debt has decreased significantly to less than £50m. “With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.” The club have signed a number of significant sponsorship deals in the current season, which will only continue to bolster commercial revenues which rose to £97.7million in the year to May 2013, up from £63.9million. “These financial results are now up to 18 months old and we have continued to make further progress since this reporting period,” Ayre added. “Our strong links remain with our existing partners, signing new deals with Standard Chartered, Garuda Indonesia and Carlsberg, and we have recently announced five new partnerships which endorses the global appeal of the LFC brand.” Figures released for trading up to the end of May 2013 show the Reds made a loss after tax of £49.8m. The previous year the deficit was £40.5m, but that was for a 10-month period as the club re-aligned their accounting period with the football season. Ayre also praised the leadership of FSG, led by principal owner John Henry, which has seen external debt reduced by nearly £200million since they bought the club in October 2010. “With a hugely supportive ownership group we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch,” said Ayre. “During the period (of the most recent accounts), we signed six new players including Daniel Sturridge, Philippe Coutinho and Joe Allen, and we extended seven players’ contracts which included Daniel Agger, Martin Skrtel, Martin Kelly, Lucas Leiva and Raheem Sterling – adding depth and strength to the squad while continuing to develop young talent. “In addition, nine players were transferred out and eight players were loaned out. “We have also seen good progress being made regarding a proposed stadium expansion at Anfield. “Given where Liverpool Football Club was only a few years ago, the progress that has been made since FSG acquired the club has brought back much-needed stability with an ambitious vision which everyone is focused on.” Liverpool made a near-£50million loss in their last financial year but managing director Ian Ayre insists the club are heading in the right direction with reduced debts and record turnover.last_img read more

Fernandes vows to fight fine

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first_img Earlier this year Rangers recorded a loss of £65.4million for the period ending May 2013. Clubs are only entitled to be no more than £8million in the red under FFP rules. However, Fernandes has been seeking legal advice and has confirmed he will fight the sanctions in court. “Will we fight the fine?” said the Malaysian entrepreneur. “What do you think? After all we’ve been through, it’s my middle name – ‘Fight It’ Fernandes. “My view has been consistent, that it is very unfair for a club that has been relegated as the wage difference between the Premier League and Championship is impossible. There should be a time period for clubs to rectify their salaries. “If we were in the Championship in two years with that wage bill it wouldn’t be right. I’m in favour of FFP but it is unfair for a club coming down.” QPR will not be punished for their financial results during the 2012-13 season, when they were in the Premier League, but they will for the current campaign – during which they have carried a debt of £177million and a wage bill larger than that of Spanish champions and European Cup finalists Atletico Madrid. It would not be surprising if the threat of financial sanctions plays a significant role in the club’s transfer plans this summer. But Fernandes, the chief executive of AirAsia and the team principal of Formula One team Caterham, has invested heavily in Rangers since becoming the club’s majority shareholder in 2011 and he has hinted he is willing to spend again in the coming months ahead of the Londoners’ top-flight return. QPR co-owner Tony Fernandes has vowed to fight the prospect of a Financial Fair Play fine and plough much of his side’s promotion windfall back into the club. Press Association Rangers returned to the Barclays Premier League at the first attempt by defeating Derby in the Sky Bet Championship play-off final at Wembley on Saturday. The victory, courtesy of Bobby Zamora’s 90th-minute goal, is reported to be worth in the region of £120million to QPR but the Londoners are now facing a fine of up to £50million for failing to comply with financial guidelines. “Harry Redknapp and me are very close and the manager is already talking about new players and next season,” said the 50-year-old. “He never stops. After the whistle he was mentioning a couple of players. I think he is relishing being back in the Premier League. “There is a massive gulf between us and those at the top of the Premier League but we have a great manager who has been up there. We are smarter owners and we will take our time over the summer. “Nobody is perfect. We will still make mistakes but we will be wiser and smarter.” As for the game itself, which saw QPR triumph against the odds following Gary O’Neil’s red card with half an hour still left to play, Fernandes said: “I feel honoured to have experienced that, privileged. “It feels great after all we went through in three years and the way we finished it, nobody can say the players didn’t play their hearts out. “When Gary was sent off there was 70 per cent of me that thought the dream would end – but too much had happened to us for the fairytale to end. “This is stuff that movies are made of, Roy of the Rovers stuff. When I was eight years old I was reading books where players were sent off and in the last minute someone scored the winner.” last_img read more

Gowtham hat-trick, Holder burst leaves contest wide open

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first_imgTAROUBA, Trinidad, (CMC) – Off-spinner Krishnappa Gowtham’s hat-trick, coupled with fast bowler Chemar Holder’s late burst, brought to life an otherwise dull rain-hit day and left the third four-day “Test” intriguingly poised heading into Thursday’s penultimate day.The 30-year-old Gowtham claimed the wickets of Raymon Reifer (5), Holder (0) and Miguel Cummins (0) as West Indies A, replying to India A’s 201, crashed to 194 all out in their first innings at the Brian Lara Stadium.Gowtham ended with six for 67 while seamer Umesh Yadav supported with two for 29, ensuring India A secured a slim seven-run lead.Left-handed opener Jeremy Solozano snatched his share of the headlines when carried his bat for an unbeaten 69, while Sunil Ambris struck 43 and Jermaine Blackwood, 22.Holder then produced yet another fiery spell, claiming two for 14 as India A stumbled the close on 23 for three – a lead of only 30 runs.He removed Priyank Panchal for three in the fourth over, lbw on the back foot to one that came back and in his next over, hit the other opener Abhimanyu Esawaran (6) in front.Four balls later in the next over, Mayank Agarwal played back to pacer Miguel Cummins and lost his off-stump for five.Resuming earlier from their overnight 23 for one, West Indies lost nightwatchman Akim Fraser (1) in the second over of the day for one, plumb lbw to Umesh with just one run added to the total.And when Umesh found Brandon King’s (8) outside edge for wicketkeeper Wriddhiman Saha to take a low catch to his right, the hosts were reeling further at 36 for three.Solozano then repaired the damage, first in a 66-run fourth wicket stand with Ambris and then in a fifth wicket stand with Blackwood worth 32.The left-handed Solozano faced 208 balls in 4-¾ hours and struck seven fours while Ambris played freely with five fours in a 63-ball knock before playing around a straight one from seamer Dhivam Dube and falling lbw.Blackwood, too, was going well with three fours in a breezy 19-ball innings but attempted to force Gowtham through the off-side, found himself cramped for room and played on.On 134 for five, West Indies A were then dismantled by Gowtham who ripped through the middle and lower order.He had captain Jahmar Hamilton caught at the wicket for nine, essaying an uncertain defensive prod while pacer Avesh Khan removed Yannic Cariah for 17 to a catch at the wicket, trying to keep out a sharp, full length delivery. Gowtham’s hat-trick then arrived when both Reifer and Holder played down the wrong line and were bowled, and Cummins missed a heave and was adjudged lbw.INDIA A 1st Innings 201West Indies A 1st Innings(overnight 23 for one)M Hodge b Gowtham 15J Solozano not out 69A Frazer lbw b Umesh 1B King c wkp Saha b Umesh 8S Ambris lbw b Dube 43J Blackwood b Gowtham 22*+J Hamilton c wkp Saha b Gowtham 9Y Cariah c wkp Saha b Avesh Khan 17R Reifer b Gowtham 5C Holder b Gowtham 0M Cummins lbw b Gowtham 0Extras (lb1, w2, nb2) 5TOTAL (all out, 72.4 overs) 194Fall of wicket: 1-23, 2-24, 3-36, 4-102, 5-134, 6-150, 7-179, 8-194, 9-194, 10-194.Bowling: Yadav 16-4-29-2, Avesh Khan 14-6-34-1, Gowtham 23.4-5-67-6, Nadeem 13-3-28-0, Dube 6-0-35-1.INDIA A 2nd InningsP Panchal lbw b Holder 3A Easwaran lbw b Holder 6M Agarwal b Cummins 5S Gill not out 5S Nadeem not out 2Extras (lb2) 2TOTAL (3 wkts, 9 overs) 23Fall of wickets: 1-3, 2-14, 3-14.Bowling: Cummins 5-2-7-1, Holder 4-2-14-2.Position: India A lead by 30 runs with seven second innings wickets intact.last_img read more

Wellington Police Notes: Wednesday, Aug. 7, 2013

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first_imgWellington Police notes for Wednesday, August 07, 2013•4:56 a.m. Officers investigated theft of a vehicle in the 200 block N. C, Wellington. It was recovered.•10:30 a.m. Officers investigated theft of a car stereo in the 500 block N. C, Wellington.•10:44 a.m. Officers investigated violation of protection order, criminal threat and burglary in the 200 block W. 4th, Wellington.•11:04 a.m. Officers took a report of found bicycle in the 300 block W. 7th, Wellington.•11:10 a.m. Officers investigated  criminal damage to property and unlawful operation of a bow and arrow in the 400 block N. B, Wellington.•11:45 a.m. On Aug. 5, 2013, April L. Grizzle, 34, Wellington was issued a notice to appear charged with dog at large.•12:01 p.m. Patrick T D Bennett, 24, Wellington was arrested, charged and confined with violation of protection order and criminal threat.•12:49 p.m. Officers took a report of a domestic dispute of a known suspect(s) in the 200 block W. 4th, Wellington.•2 p.m. Officers investigated a forgery of a known suspect in the 800 block E. 16th, Wellington.•3:10 p.m. Officers investigated harassment by telephone by unknown suspect(s) in the 200 block N. C, Wellington.•5:18 p.m. Officers investigated theft in the 400 block S. C, Wellington.•5:59 p.m. Non-Injury accident in the 600 block S. Washington, Wellington involving a vehicle operated by juvenile male, 15, Wellington and two parked and unoccupied vehicles owned by William E. Crispen, Wellington and Michael L Manahan, Tacoma, Wash.•8:01 p.m. Officers investigated criminal trespass by a known suspect in the 800 block N. F, Wellington.•8:51 p.m. Melissa L. Stewart, 38, Wellington was arrested and bonded on a city of Wellington bench warrant for probation of revocation.•9:19 p.m. Officers took a report of suspicious activity in the 500 block N. Park, Wellington.•11:05 p.m. Officers took a report of a domestic disturbance by a known subject(s) in the 800 block N. H, Wellington.last_img read more

Second Sexual Offences Court to open this month end

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first_imgThe United Nations Children Fund (UNICEF) has said that the agency is eyeing April 29 for the opening of the second Sexual Offences Court.This is according to sources attached to the agency.The new court will be opened in Region Five (Mahaica-Berbice) and would be the second of its kind in the country.In November 2017, when the first Sexual Offences Court opened, plans were announced to construct similar structures in Berbice and Essequibo in an effort to reduce the increased incidence of such cases.In declaring the court open, acting Chancellor of the Judiciary, Justice Yonette Cummings-Edwards drew reference to statistics which have shown that sexual offences have been on the rise both regionally and locally.She pointed out, “When we look at statistics, more than 50 per cent of the cases for the Demerara Assizes over the last two sessions showed us that sexual offences comprised half of the list. So if half of the list comprised sexual offences, it meant that the other indictable offences like robbery and rape took second place…that is something we have to address”.The acting Chancellor reminded that sexual offences affect victims emotionally, psychologically and physically and those effects could be both long or short term and it could also affect the development of the victims. These victims, she said, require specialist treatment on the part of everyone concerned, be it the police, investigators, medical practitioners, NGOs, prosecution or the court.During the last quarter of 2018, Police statistics showed that rape cases have increased.Top Cop Leslie James told the media that rape cases had increased by seven per cent, with 202 cases reported in 2018 compared to 189 cases in 2017.The Sexual Offences Court was birthed out of the Sexual Offences Act 2010, which was spearheaded by former Human Services and Education Minister Priya Manickchand. The former Minister had led what was then called the “Stamp it Out” campaign in 2010 which saw widespread consultations around the country with regards to sexual offences and other major human rights issues facing Guyana.A Sexual Offences Court is different from other courtrooms as it includes features which will make victims more comfortable while testifying against their attackers.last_img read more

Brand USA keeps Australia in the marketing know

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first_imgVisit USA Expo was held at Sydney’s The Star events centre where 65 exhibitors came together to promote USA, Canada and Alaska to the Australian market. Furthermore, Brand USA will this week reveal information about its biggest Australian retail partnership this week. “However, 85% of these visits are to just four main destination so Brand USA’s goal is to continue to sustain and grow this market by showcasing to Australians the limitless possibilities that are on offer in the United States, because its not just a once in a lifetime holiday destination; the U.S. offers a lifetime of holidays.” “Visitation from Australia to the U.S. is at an all-time high with 1.2 million travellers visiting from this market in 2013,” Brand USA Australia’s strategic director, Joe Ponte.  Brand USA has released its first marketing update since entering the Australian market last year, at an industry event sponsored by United Airlines yesterday. Visit California Australia’s Tristan Freedman and Brand USA’s Alfredo Gonzalez Since entering Australia, Brand USA has implemented different training and development strategies, developed and engaged in partnership activities worth millions of dollars, organised a 50 agent strong mega-famil and launched its first ever consumer marketing campaign.  Marketing messaging focusing on the Experience Pillars of Live Entertainment, Culinary and Great Outdoors will be utilized to drive Brand USA’s future marketing initiatives. Source = ETB News: L.B.last_img read more