Premiership set to debate new debt cap February 15, 2010 DEBT-LADEN Premier League clubs could be forced to cap borrowing at just a quarter of their turnovers. The drastic measures, called for by Wigan chairman Dave Whelan, would be the strictest financial constraints on any major football league in the world. He proposed the changes in light of the financial misery that has been heaped [...]
Beckham: Ferguson still a father to me February 15, 2010 AC MILAN v/s MANCHESTER UTD FORMER Manchester United icon David Beckham insists Old Trafford kingpin Sir Alex Ferguson remains like a father to him as he prepares to face his old mentor for the first time since leaving the club almost seven years ago. Beckham, who is on loan at AC Milan from Los Angeles [...]
Sumitomo challenges KDDI’s bid for cable TV firm Jupiter Telecom February 15, 2010 SUMITOMO said yesterday it will launch a 122.1bn yen (£0.8m) tender offer to raise its stake in cable TV company Jupiter Telecom to 40 per cent, countering a rival bid by telecoms firm KDDI. Sumitomo , Japan’s third-largest trading company, now holds about a 27 per cent stake in Jupiter, known as J:Com, and would [...]
ANALYST VIEWS: SHOULD THE PREMIER LEAGUE SET A NEW BORROWING CAP TO STOP CLUBS RACKING UP MASSIVE DEBTS? February 15, 2010 DAVE WHELAN | CHAIRMAN, WIGAN ATHLETIC The Premier League is in trouble – we can’t have a situation where a massive club like Portsmouth is going out of business. Something drastic needs to be done and I think capping the amount of borrowing at clubs is the answer. I’m going to be pushing for this. [...]
LEHMAN GOODIES LEFT OUT ON THE SHELF February 15, 2010 HAVING had a tough time of it during the recession, the flood of money now pouring into charity coffers from the world’s chastened banks continues apace. Hot on the heels of Goldman Sachs donating a large part of its 2009 compensation pool to good causes comes the news that charities are now also raking it [...]
Greece asks for more time to discuss debts February 15, 2010 Greece faced down pressure for deeper budget cuts at yesterday’s euro zone talks and warned that last week’s support pledge by European leaders may not suffice to stop the debt market squeeze on governments in the region. Greece last Thursday became the first country in 11 years of European monetary union to require such a [...]
…but United manager cool on facing his former player February 15, 2010 SIR ALEX Ferguson may remain a paternal figure in David Beckham’s eyes, but the Manchester United manager betrayed little fatherly affection when he discussed his former protege last night. While Beckham gushed about an “incredible” man and buried talk of resentment over his sale in 2003, Ferguson appeared reluctant to talk about a player whose [...]
Banks and commodities make gains as Wall Street is closed for public holiday February 15, 2010 BRITAIN’S leading shares rose 0.5 per cent yesterday, led by firmer banks and commodity issues after falls in the previous session, while British Airways climbed on increased hopes for a global alliance. At the close, the FTSE 100 was 25.02 points higher at 5,167.47, well below the session peak of 5,194.29. Blue chips drifted off [...]
European stocks boosted despite Greek concerns February 15, 2010 EUROPEAN shares closed higher yesterday, supported by gains in banks and miners while defensive food producers fell, but a lack of clarity over eurozone support for Greece was seen capping further gains for equities. The FTSEurofirst 300 index of top European shares provisionally closed 0.4 per cent higher at 991.76 points, after falling 0.3 per [...]
City veteran Adam Wilson takes helm at Daniel Stewart February 15, 2010 STOCKBROKING doyen Adam Wilson, the former chief executive of Hichens Harrison, has joined loss-making City broker Daniel Stewart as chief executive in a bid to revamp the business. Wilson’s appointment comes after Daniel Stewart yesterday said it had secured a deal to buy Dubai-based financial consulting business Mena-RL, which was set up by Wilson after [...]
