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  • One Championship MMA fights to resume next month

    first_imgTopics : One had already put on fights in its Hero series, feeder events for the main championship, in China in June, before deciding to resume major shows. The US-based Ultimate Fighting Championship on May 10 became one of the first sports to restart post-coronavirus. UFC has so far successfully put on six shows in tightly controlled environments in Jacksonville, Florida, and Las Vegas. With virus outbreaks slowing in many parts of Asia, the company said its flagship events would restart with an event without fans in the Thai capital Bangkok on July 31.”Most national borders remain closed in Asia, and this has posed unique logistical and operational challenges,” One’s CEO Chatri Sityodtong said.The first three major bouts of the “One: No Surrender” event have been confirmed.Among fighters taking part are ONE flyweight Muay Thai world champion Rodtang “The Iron Man” Jitmuangnon, Petchdam “The Baby Shark” Petchyindee Academy, and “The Boxing Computer” Yodsanklai IWE Fairtex.center_img Asia’s largest mixed martial arts promotion, One Championship, will return behind closed doors in Thailand next month after a five-month break because of the coronavirus, officials said on Monday.One, which promotes cards across the region in mixed martial arts, Muay Thai and kickboxing, last put on a major show at the end of February.The Singapore-based company has since cancelled several events and slashed 20 percent of staff, although it has also revealed a $70 million funding boost from institutional investors.last_img read more

  • This home comes with just about everything, including a disco room and a $30m price tag

    first_imgThe home under construction.The 4000sq m home is on a 3070sq m waterfront block at 7-13 King Arthurs Court, Sovereign Islands.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Once the designs were done it took three years to build.It has seven bedrooms, each with an ensuite, staff quarters, an indoor-outdoor pool, tennis court, and a 14-car basement garage. 7-13 King Arthur Drive, Sovereign Islands.“You need a whole suite of consultants for a big house like this. It’s like designing a small hotel or mini resort – there’s a lot of technical expertise you need to ensure you achieve the desired outcome,” Mr Lea said. Inside the finished product.There is a lift in the house which also has a spa, Turkish steam and massage rooms. There are cold rooms and a secondary catering kitchen in the basement for functions.There is also a “disco room’’ with an illuminated dance floor. 7-13 King Arthur Drive, Sovereign Islands.IT cost $13 million to build, covers four waterfront blocks and is described as a “mini resort” and it could be yours if you have more than $30 million to spare.The home, known as Chateau de Reves on Sovereign Island on the Gold Coast, is 20 years old now, but has stood the test of time.Architect John Lea said it took more than a year to design the house. 7-13 King Arthur Drive, Sovereign Islands.The three-storey home has views along the Broadwater to Surfers Paradise.The massive project involved structural, electrical, mechanical and hydraulic engineers, landscape architects, and interior and lighting designers. 7-13 King Arthur Drive, Sovereign Islands.Mr Lea said he was allowed free rein with the design concept for the fan-shaped block of land, although one criteria was that it have a nautical theme.“Based on the client’s close association with prestige European Superyachts, hence the organic curved form which also relates to the shape of the land and the desire to capitalise on the sites positive attributes.” 7-13 King Arthur Drive, Sovereign Islands.The home is listed through Queensland Sotheby’s International Realty. 7-13 King Arthur Drive, Sovereign Islands. A model of the home before the building was started.He said designing such a property was “incredible’’, as the client wanted something that was cutting edge design and in line with what he had seen during his extensive overseas travels.The home is owned by German super yacht builder Klaus Lilischkies and his wife Leigh, who listed it for sale a few months ago.last_img read more

  • IPE Views: Do we need to re-invent investment management?

    first_imgCarlo Svaluto Moreolo explores a paper published by 300 Club founder Saker Nusseibeh arguing that investment managers need to re-assess the very foundations of their economic thinkingIn a broad sense, investment has always existed, perhaps even before the growing of crops was man’s main preoccupation. The concept of investing is mainly linked to deferred gratification, making it an essential psychological tool for survival.To some, it appears the original science behind investment is fundamentally flawed. The 300 Club, set up to challenge the foundations of the investment industry, is part of that group. In a recent paper, its founder, Saker Nusseibeh, highlights one of these flaws. He argues that investors evaluate the costs and benefits of investments as if they were cut off from the very system that is shaped by the results of their evaluation. This, says Nusseibeh, is simply wrong.In this vein, the industry needs to realise it is part of the financial system and act accordingly. It needs to adopt a more holistic approach to investment because clients bear the brunt of decisions – both as beneficiaries of investment returns and as citizens of the world shaped by those decisions. It is paramount the industry accept that it is part of an integrated system, which it shapes through beliefs and actions. However, I would go further and suggest it is ridiculous for any firm to assess investments using self-styled ‘scientific’ models that consider the firm a price-taker but not a price-setter as well. What use is a company deciding what the fair price of an asset class should be, when the price itself is largely affected by the outcome of its decisions, in a classic example of a feedback loop?The 2008 crisis offered compelling evidence this would be the case. It also showed – and Nusseibeh clearly states this – when “markets” get prices wrong, and destroy the perceived value of assets, losses are transferred to individuals through public debt. To re-start working in an “efficient” manner, markets need to write off worthless assets, and only public institutions can do this because they can absorb the cost of those losses by reducing public services. Yet asset prices are increasingly detached from the real economic value. The post-crisis years show that – financial markets have got very much back on their feet, but the global economy is far from healthy.How long will equities go up, unsupported by an acceleration of global growth, before they crash and once again stifle the “recovery” of the economy? How long can this recovery be delayed as large parts of the population get poorer and a very small part gets richer? If it is true the global asset management industry holds the world’s wealth, then managing it is not going to plan.Originally, stock markets were simply a means to spread entrepreneurial risk. Shareholders were able to take some entrepreneurial risk and share it with the entrepreneurs themselves, which may have been the main owners. But the model of joint ownership has simply broken down. Instead, markets resemble a bloated mass of fictitious money.And this leads to Nusseibeh’s key argument. We know that the social cost of having large firms with absentee owners is very high. And in that sense, it seems the 300 Club, through its paper, is talking the talk. Tying this together, Nusseibeh says economic theory in investments needs improvement. However, he says, while consensus around its flaws grows, a consensus around an alternative method does not.“We need to rethink the purpose of investment from the perspective of the individual savers whose capital we hold in trust, and move away from concentrating solely on nominal financial returns,” he writes. This means being less concerned with meeting nominal liabilities or benchmarks and thinking of long-term outcomes for the asset owners, or members.Nusseibeh’s approach means the very foundations change, starting from the understanding of economics, financial theory and the role of investment. But changing the industry in this way might involve forgoing some profit.So what will it take before someone actually walks the walk? Think of all the investment managers advocating ESG because of the evidence that it makes their clients more money. As a consequence of more ESG investments, they would also make more money.Nusseibeh should be prepared to reject this approach. To improve the functioning of the financial markets, they need to be made more efficient – not in the sense that they price assets more fairly and rapidly but in the sense that they are capable of financing the growth of a more equitable social economy.This entails more patience by investors and shareholders of companies, and requires more regulation as well as an aptitude for trial and error. Which, by definition, may entail less money in the industry’s pocket.last_img read more

  • UK roundup: British Steel, state pension age, Pensions Regulator [updated]

    first_imgMembers of three unions representing steelworkers have voted in favour of closing the British Steel Pension Scheme to future accrual.The vote was the first step in what the scheme’s trustees hope is a restructuring of benefits in order to stay out of the Pension Protection Fund (PPF).Roy Rickhuss, general secretary of the Community union, said: “This result provides a clear mandate from our members to move forward in our discussions with Tata and find a sustainable solution for the British Steel Pension Scheme.“Steelworkers have taken a tough decision and have shown they are determined to safeguard jobs and secure the long-term future of steelmaking. Nobody wanted to be in this situation, but as we have always said, it is vital that we now work together to protect the benefits already accrued and prevent the BSPS from free-falling into the PPF.” In other news, researchers have claimed a post-Brexit fall in immigration could require a significant increase in the UK’s state pension age for younger workers.Consultancy firm Hymans Robertson calculated that workers under the age of 40 could see their state pension age increase by 18 months if the UK’s exit from the European Union led to a decline in non-UK workers arriving in the country.Currently, the Office for Budget Responsibility (OBR) estimates that there are 305 pensioners for every 1,000 workers. This is expected to reach 360 by 2050 under current (pre-referendum) estimations.Jon Hatchett, partner and head of corporate consulting at Hymans Robertson, said: “If migration does fall, so too will the number of workers to support the increasing numbers of people of pensionable age. Undoubtedly this will put pressure on the affordability of the state pension, and as a result the age at which you can claim it.”Starting in December next year, the government will begin gradually raising the age at which men and women can claim the state pension, with a view to reaching 67 by 2028.Meanwhile, the Pensions Regulator (TPR) and the Pensions and Lifetime Savings Association (PLSA) have called for a range of measures to protect individual savers from pension scams.Since former chancellor George Osborne scrapped the requirement for all retirees to buy an annuity with their defined contribution pensions, there has been a surge in scams such as so-called ‘pension liberation’ fraud. The government is now consulting on how best to protect consumers from being swindled.Andrew Warwick-Thompson, executive director at TPR, said unsolicited calls should be banned outright, as should email and text message campaigns.“An outright ban on pension cold calls would send a powerful message to all pension savers – ‘A cold call about your pension will be from a criminal. Just hang up!’” he wrote in a blog post.Warwick-Thompson also recommended limiting the types of schemes that savers can transfer their money to.“I favour a restriction of a member’s right to a statutory transfer to transfer requests to either an authorised master trust or an FCA regulated product,” he said.This would include a ban on transfers to small self-administered schemes (SSAS), which are largely unregulated and often have fewer than 10 members.The PLSA largely agreed with Warwick-Thompson. It proposed an authorisation regime for schemes with fewer than 100 members requiring them to appoint an independent professional trustee.Elsewhere, the Northern Ireland Local Government Officers’ Superannuation Committee has signed the “Global Statement on Investor Obligations and Duties” set out by the United Nations’ (UN) Principles for Responsible Investment and the UN Environment Programme’s Finance Initiative. It is also backed by Generation Investment Management, an initiative launched by former US vice president Al Gore.The £5.8bn (€6.8bn) fund for local government workers joins 116 other investor signatories from 18 countries, including AP3 and AP4 from Sweden, Germany’s BVK, and the New Zealand Superannuation fund.On the corporate side, the PPF reported that the combined deficit of UK defined benefit schemes fell to £196.5bn at the end of January, from £223.9bn at the end of December 2016.Compared with a year ago, the aggregate funding ratio has improved from 82% to 88%. This includes a change to the PPF’s calculations, which came into effect in December.Finally, members of workers’ union Unite have voted in favour of reforms to the pension fund for employees of the Isle of Man government.Members of the Government Unified Pension Scheme, established in 2011, will see contributions increase by 2.5 percentage points to 7.5%, while benefits will be reduced by 6%. The changes will take effect from March 1.last_img read more

  • Shake-up in MN executive board as two to leave

    first_imgThe €130bn Dutch pensions provider and asset manager MN has announced changes to half of its four-strong executive board as of 1 February next year.The provider of the large metal schemes PMT and PME said that its chief financial and risk officer Liesbeth Sinke would leave the firm, while Hendri den Boer – currently director of pensions and insurance – would move internally to a role in asset management.Sinke, who joined in 2016 to improve MN’s IT organisation, has also overseen innovations in financial policy and risk management.She said that it now felt like the right moment to leave for a next challenge. Prior to her job at MN, Sinke held positions at companies including ING subsidiary NNIB, Marsh, Aon and ABN Amro.Den Boer, who started at MN in 2015 to lead innovations, made clear that he preferred to “focus on content based on his background as an econometrist”.He has had several positions at pensions insurer NN, and is currently a member of the supervisory boards (RvC) of insurer Onderlinge ‘s-Gravenhage and the €1.5bn pension fund of Dutch automotive organisation ANWB.A spokesman for MN said the board change was not related to the appointment of Norbert Hoogers  as new chief executive last June.At the time, Hoogers said there was “a challenge in the necessary innovation in automated systems and processes”.This was echoed by Ella Vogelaar, chair of MN’s RvC, who cited “improving service provision on insurance” as a target.The spokesman added that MN would assess the effect of the current task demarcation in the executive team before seeking suitable successors for Sinke and Den Boer.last_img read more

  • Basketball loses a a great player

    first_imgLocalNewsSports Basketball loses a a great player by: – May 1, 2012 Share 28 Views   no discussions Sharing is caring! Sharecenter_img Tweet Share Stephen Bellot. Photo credit: Mickey JosephIt is with sadness that we accept the death of former national basketball player, Stephen “Homo” Bellot who passed away on Thursday April 26.Stephen began playing basketball at the tender age of twelve with the neighbourhood boys like Lambert Henderson and Perez. By fifteen he had made it to the Pro’s Junior team and by seventeen Stephen was playing on the Dominica youth team. That same year he was drafted by the Pros and subsequently made it to the National Basketball team…all in a year’s work. His exceptional talent saw him represent Dominica for six years on the national team before migrating to Guadeloupe where he continued to excel in the sport, making it to the Guadeloupe national team in quick time. While there, he was instrumental in organizing trips for his former team, Pros, to Guadeloupe for games. He also coached the senior team he was part of and the woman’s team of the basketball club to which he belonged.During his six year stint with the Dominica National basketball team, Stephen travelled to Barbados, St. Lucia, Trinidad, Guadeloupe, Martinique and to the first CARICOM championship tournament in Guyana. Upon his return from Guadeloupe, he travelled with the Pros to the island of St. Lucia twice for interisland games. He also organized for a youth team he coached to travel to Guadeloupe for competition.Stephen coached basketball in Pichelin and Dubique and was instrumental in bringing basketball to the community of Soufriere. He also coached the Grand Bay women’s team among others for a period of time.Stephen Bellot has contributed significantly to the development of the sport of basketball through out his life. He was 52 years old.Press Releaselast_img read more

  • Pulis ready for battle

    first_img Press Association Stoke boss Tony Pulis accepts his side are up against “overwhelming odds” as they host runaway Barclays Premier League leaders Manchester United this weekend. Pulis added: “We have to pick a team we think will work as hard as they possibly can to nullify their strengths, and also give us an opportunity to compete at the other end of the pitch as well.” Alarm bells have started ringing at the Britannia Stadium after a dismal run of just one win in 13 league games. They have kept only one clean sheet in the last 14 and scored just two in the last six. The Potters were five points off the Champions League places at Christmas but after last weekend’s results they found themselves just three above the relegation zone. It is an unfamiliar position for the club having held their own since promotion to the top flight in 2008, and underlined their progress by reaching an FA Cup final and playing in Europe. But in a 21-year managerial career that has taken him through the divisions, Pulis feels he is equipped to deal with the challenge. “I think publicity-wise it is the hardest time I’ve had – but I have had tougher times with teams that haven’t been as good as this one, and you’ve had to eke out results,” said Pulis, who has managed six clubs. “But everything that goes with the Premier League is magnified and multiplied enormously. We have to concentrate on ourselves and not take too much notice of what is going on around us. “You have got to stay focused and stay strong. I don’t get too up or too down in lots of respects. I do lose my temper now and again but in respect of being level and strong, you have to stand up and I don’t mind doing that.” center_img United, 12 points clear at the top of table with seven games to play, are striding towards a record-extending 20th title while the Potters struggle at the opposite end. Sir Alex Ferguson’s men did suffer defeat to rivals Manchester City in their derby last Monday but Pulis sees that as a mere blip. He said: “I think you have got to recognise the strength they have got. You have got to recognise you are competing against overwhelming odds in a lot of respects. That is why they are champions-elect – they have got the best team and the best players.” last_img read more

  • Maria ‘Yvonne’ Niles – football fan for life

    first_img… passes on in the USAby Ras WadadaTHE football fraternity of Guyana, around the world, was yesterday morning greeted with the sad news that Guyana’s 1986 ‘Sports Personality-of-the-Year’, Maria ‘Yvonne’ Niles passed away in Georgia, USA.‘Mother’ Niles as she was more affectionately called, was the wife of the late past national footballer (50s and 60s) George ‘Father’ Niles and mother of former youth and senior national, Keith ‘Wila’ Niles (70s).Her presence at football matches from the mid-fifties up to early 2000s was distinctive and in her own words, ’football fan for life’.The former Pele FC vice-president who turned 80 years on August 6 of this year was also an Honorary Life member of the Georgetown Football Club (GFC). She migrated to the USA in 2002 and lived in Georgia with her son Keith up to the time of her death.Mother Niles, who is the foster sister of former National captain and coach George Green, leaves to mourn her four children and grandchildren.The Management and Staff of the Guyana Chronicle, whom the late Mrs Niles represented at dominoes, would like to extend deepest condolences to the bereaved.last_img read more

  • The Latest: Lakers GM Pelinka draws inspiration from Bryant

    first_imgHowever, it did not specify how much money the players themselves would be contributing.With the Premier League suspended indefinitely, players in England’s top flight have come under public pressure to cut their salaries to help clubs pay staff without using a government fund set up for the pandemic.___The NFL is turning the league’s 2020 draft into a three-day fundraiser to help six charities dealing with the coronavirus pandemic. The “Draft-A-Thon” announced Wednesday will benefit COVID-19 relief efforts and pay tribute to healthcare workers and first responders. ___Bobblehead Hall of Fame CEO Phil Sklar will present a virtual $100,000 check Wednesday afternoon to the Association for Healthcare Philanthropy after the Milwaukee-based museum launched a fundraising campaign with a Dr. Anthony Fauci bobblehead that became its best-seller ever. More than 20,000 orders had come in as of Wednesday from 50 states and a dozen-plus countries to support the “100 Million Mask Challenge.” The Fauci bobblehead was unveiled April 1.The creation features Fauci wearing a suit as he makes a motion showing how the nation needs to “flatten the curve” in the coronavirus pandemic.The museum picked Fauci because many people see the plain-speaking expert on the coronavirus as a hero right now, Sklar said. The Latest: Lakers GM Pelinka draws inspiration from Bryant The London-based Tennis Integrity Unit’s quarterly report says it received a total of 38 alerts from the regulated betting industry about matches on lower-level tours from the start of the year through March 22.That is up from 21 in the same period of 2019.The 38 match alerts in the year’s first quarter break down as six from the ATP Challenger Tour and 16 apiece from the men’s and women’s International Tennis Federation World Tennis Tours.The report concludes the jump indicates that entry levels of tennis “were deliberately targeted” as the sport moved toward suspension because of the outbreak of COVID-19.All pro tours are on hold until at least mid-July. The Italian Olympic Committee says Donato Sabia has died. He was 56.CONI says he is the first Italian Olympian to die with the virus.Sabia finished fifth in the 800 at the 1984 Los Angeles Games and seventh at the 1988 Seoul Games. He also won the 800 at the 1984 European Indoor Championships.Sabia died in his hometown of Potenza in southern Italy shortly after his father also died from the virus.___ ___The players and coach on Switzerland’s national soccer team have declined to take more than 1 million Swiss francs ($1.03 million) of payments that were due from their federation in 2020.The team was scheduled to play in the now-postponed European Championship in June and had two games in Qatar canceled last month because of the coronavirus pandemic.The shutdown of games has cost the Swiss soccer body millions of dollars.Federation chairman Dominique Blanc says it’s a “magnificent gesture” from the players. Barcelona and Atlético Madrid had already requested government furloughs to reduce labor costs. They reached agreements with players to reduce their salaries by 70%.The league said Tuesday eight teams had already requested the furloughs. It expected nearly all clubs in Spain to eventually reach agreements for the reduction of salaries of their players.The Spanish league estimates $1 billion euros ($1.1 billion) in losses if the competition can’t resume.___Former French rugby player Christophe Pras has died after getting infected by the coronavirus. ___A groom who worked at Belmont Park has died from complications of coronavirus.The New York Racing Association says Martin Zapata died Tuesday. The 63-year-old native of Panama had spent the past two years working for trainer Tom Morley in New York, which has been hard-hit by the pandemic.NYRA says Zapata tested positive for COVID-19 on March 24 and was hospitalized two days later. He lived and worked at Belmont Park.___ Pelinka was Bryant’s longtime agent before he took over the Lakers’ front office this season. The executive has been thinking of Bryant constantly since his death along with his daughter, Gianna, who was Pelinka’s goddaughter.With an uncertain future ahead for the Lakers and the NBA, Pelinka has been imagining what Bryant would say.“If you were on a knight’s journey with him and a huge fire-breathing dragon ended up in the pathway ahead, he could say, ‘OK, you know, this is why this is good right now,’” Pelinka said in a conference call with local reporters Wednesday. “We’re going to meet this challenge. Here’s how we’re going to get around it, and here’s how we’re going to defeat it.’ That was just his nature, that obstacles or hard times would lead somehow to growth. And I think that that’s the way I’m going to look at 2020, not just in terms of the loss of Kobe but just in general.”Pelinka also spoke about the previously reported decision of several top Lakers executives to take a voluntary pay deferral during the health crisis. Sevilla has become the latest Spanish soccer club to put its players on furlough to reduce labor costs during the coronavirus pandemic.The club says the measure was needed because it was significantly affected financially by the stoppage of competitions in Spain and Europe.It says it reached an initial agreement with the first-team players and coaches regarding their salaries but no details were immediately released.The club says 360 employees in total will be affected. It says workers who can continue doing their jobs remotely will not go on furlough.The current contracts will remain valid after the furloughs end. ___The NFL’s Arizona Cardinals are teaming with State Farm to donate 1 million meals to local food banks to help families during the new coronavirus crisis.The team said on Wednesday that the number of people seeking help from local food banks has more than doubled while the number of donations has decreased dramatically.The Cardinals have already made a $1 million donation to the Arizona Coronavirus Relief Fund and organized three blood drives at State Farm Stadium to help boost the area’s shrinking blood supply. Cardinals coach Kliff Kingsbury was among those who donated blood.___ Several of his former clubs announced the death. He was 35.The former under-18 France international had a short-lived professional career before going into coaching.Pras is survived by his wife and two children.___The group charged with monitoring tennis gambling and punishing corruption found a near-doubling in the number of suspect matches in the first three months of 2020. That is an increase it ties to the coronavirus pandemic. April 8, 2020 Former Cleveland Browns teammates Joe Thomas and Andrew Hawkins have donated at least $50,000 to feed Ohio children affected by the coronavirus pandemic.Thomas and Hawkins, who since retiring from the NFL have partnered on a popular weekly podcast, also plan to match every dollar in contributions up to $50,000 to the Children’s Hunger Alliance.Donations can be made at https://childrenshungeralliance.org/thomahawk/.The CHA serves nutritious meals to Ohio’s at-risk children, helping day care providers, day care centers, local school districts, and after-school and summer programs.A 10-time Pro Bowler, Thomas played 11 seasons in Cleveland before retiring after the 2017 season. Hawkins, who played college ball at Toledo, spent three seasons with the Browns and three with the Cincinnati Bengals. Associated Press center_img The fundraiser will be featured during the draft April 23-25 to raise money for non-profits selected by the NFL Foundation: the American Red Cross, CDC Foundation’s All of Us, Feeding America’s COVID-19 Response Fund for member food banks, Meals on Wheels COVID-19 Response Fund, the Salvation Army, and United Way’s COVID-19 Community Response and Recovery Fund. “The Draft-A-Thon will deliver much-needed funding to many who are suffering as well as those on the front lines of the COVID-19 pandemic,” Commissioner Roger Goodell said in a statement. “Conducting this event virtually, and taking all necessary precautions while doing so, underscores the importance of staying home and staying strong during this unprecedented moment in our history.”___Basketball Hall of Famer and noted cyclist Bill Walton is teaming with community leaders to stage the Bill Walton and Friends Inter-Galactic Bike for Humanity ride from 9-11 a.m. PDT on April 25 to benefit victims of the coronavirus pandemic and health care workers. The opening of the stable area and training track at Saratoga in upstate New York and barn area at Monmouth Park in New Jersey is being delayed because of the coronavirus pandemic.The Oklahoma training track at Saratoga was set to open April 15. The New York Racing Association says it has yet to decide an appropriate date to safely open.The delay does not impact the start of the Saratoga racing season which is scheduled to begin on July 16 and run through Sept. 7. The meet will be highlighted by the Travers and Whitney.In New Jersey, Monmouth Park has pushed back the opening of its stable area until June 1. That’s a month later than the planned opening. Live racing is set to start the Fourth of July weekend.The centerpiece of Monmouth Park’s summer season is the $1 million Haskell Invitational on July 18. The winner of the 1 1/8 mile race earns a spot in the Breeders’ Cup Classic. It also will serve as a prep race for the Kentucky Derby, now slated for Sept. 5. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Los Angeles Lakers general manager Rob Pelinka is drawing inspiration from his friendship with Kobe Bryant as he navigates the coronavirus pandemic. Participants are encouraged to ride their bikes for up to two hours that day, anywhere they can practice social distancing at a minimum of 6 feet, 11 inches, in honor of Walton’s height. Organizers stress it is not a group ride and riding clusters are prohibited.All net proceeds will benefit various charities nationally and in Walton’s hometown of San Diego.It’s free to sign up on bikeforhumanity.com. Participants who make a $25 contribution will be mailed a Bike for Humanity medal. Those who contribute $50 will receive a medal and T-shirt. Those making a $250 contribution will receive a medal, T-shirt and autographed photograph card from Walton, and be entered in a drawing for prizes, including an all-expenses-paid trip to San Diego to ride with Walton. Riders who donate $5,000 will receive a medal, T-shirt and an all-expenses paid trip to San Diego to ride with Walton.Beset by injuries during his NBA career, Walton has found an outlet by cycling. His custom bike has a Grateful Dead paint job and the former UCLA great can often be seen riding around San Diego. He has often ridden in various stages of the Tour of California.“With the global health coronavirus crisis changing everything for everybody these days, we are doing something about and for the exacerbated challenges that so many of our communities now face, not the least of which are food and medical care,” Walton said. The Spanish league has estimated that clubs will lose a combined $1 billion euros ($1.1 billion) if the competition can’t resume because of the pandemic.___Premier League players have united to raise funds for British health care workers during the coronavirus pandemic and distribute them “where they are needed most.”Dozens of players took to social media to post a statement with the hashtag #PlayersTogether saying they have created the initiative in partnership with charities for Britain’s public health service NHS.The statement said “this is a critical time for our country and for our NHS, and we are determined to help in any way that we can.” CEO Chase Carey will take a “much deeper” pay cut.The McLaren and Williams teams had already put some staff on furlough schemes. McLaren drivers Lando Norris and Carlos Sainz have also taken pay cuts.The season is currently scheduled to begin in France on June 28. F1 management has said it still hopes to hold between 15 and 18 races this year in place of the original 22.___A two-time Olympic finalist in the 800 meters has died after getting infected with the coronavirus. “I would be in support of anything that allows people to keep their jobs in really hard times,” he said.___Real Madrid’s players and coaches have agreed to voluntarily reduce their salaries by at least 10% to help offset lost revenue caused by the coronavirus pandemic.The club said the decision applied to its soccer and basketball teams. Some top club executives have agreed to take pay cuts that could reach 20% “depending on the circumstances that may affect” the rest of the season.Fellow Spanish league club Sevilla also said Wednesday it would put its players and other employees on government furloughs to reduce labor costs during the pandemic. Barcelona and Atlético Madrid had already requested the government furloughs, reaching agreements with players to reduce their salaries by 70%. Parsons says the problem was due partly to broadcast rights holders who want to delay their payments until the product is delivered.Parsons says it’s not a question of “losing money” but rather some temporary belt tightening.He says “like all businesses we are tremendously affected by the COVID-19 crisis.”He says he is dealing with 150 contracts that are games-related but adds “we have no plans to let any staff go at the moment.”___ ___TCU football coach Gary Patterson and his wife, Kelsey, made a $50,000 donation to support the school’s Frog Family Crisis Fund.Athletic director Jeremiah Donati announced the donation in a tweet. The fund supports TCU students and their families who are in need during times such as the current pandemic.Patterson is the second-longest tenured FBS head coach, going into his 20th season next fall leading the Horned Frogs. He was their defensive coordinator three seasons before that.___ World Athletics has also postponed the bidding processes for 2023 World Athletics Series events. They will now open in November 2020.___Formula One says it will furlough half of its staff until the end of May and senior executives will take pay cuts amid the coronavirus pandemic.F1 has postponed eight races so far this season and the Monaco Grand Prix has been canceled.F1 says senior leadership figures will take “voluntary pay cuts while still continuing to work and not in furlough.” The track world championships in Eugene, Oregon, have been rescheduled for July 15-24, 2022.The event was pushed back a year because the Tokyo Olympics were delayed until 2021 amid the coronavirus pandemic.The track worlds were originally scheduled for Aug. 6-15, 2021.World Athletics president Sebastian Coe says 2022 will be a “bonanza for athletics fans around the world” with the Commonwealth Games beginning in Birmingham, England, only three days after the track worlds.The 2022 Commonwealth Games are scheduled for July 27-Aug. 7 and the multi-sport European Championship is currently slated for Aug. 11-21 in Munich. Blanc tested positive for the virus three weeks ago.Team captain Stephan Lichtsteiner says “we wanted to set an example and show solidarity.”___The president of the International Paralympic Committee says the body has “cash-flow” problems because of the Olympic and Paralympic postponement until 2021.Andrew Parsons says about 5% of spending is being cut from the IPC’s budget. A 2018 financial report showed a budget of 24 million euros ($25.7 million). More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

  • Romain Virgo using his gift to help others

    first_imgSaint Ann, Jamaica-born singer, Romain Virgo, has come a long way since winning the 2007 Digicel Rising Stars competition. The singer has since released three albums on the VP label and has seen his cover version of Sam Smith’s “Stay With Me,” topped many Caribbean music charts.But it is Virgo’s decision to use his talent and voice to give back that has him making the pages of CNW.Helping athletes going to Penn RelaysThe 28-year-old singer has decided to help young high school athletes from the Caribbean, who will be participating at the Penn Relays later this month.Based on an arrangement with VP Records and Team Jamaica Bickle (TJB), the not-for-profit organization that assists Caribbean athletes who travel to Pennsylvania for the annual Penn Relays, every download of Virgo’s song, ‘Still,’ from his album ‘Lovesick,’ will see part proceeds going to assist athletes at the relay carnival this year.“People like Romaine Virgo embody the imagery that is important to carry forth the brand,” commented TJB Founder, Irwine Clare, Sr., O.D. “He is a young man, and he produces the type of music that resonates well and sells well.”TJB ambassadorClare added that Virgo will be one of TJB’s special ambassadors at the Penn Relays this year from April 26-28 in Philadelphia.“We hope to have him there with us,” Clare added. “It creates an opportunity for him because he will be exposed to the college campuses, and there are many Caribbean students at various campuses in the north, east. We hope that it becomes a win-win.”Virgo for his part said he will be performing at an event for TJB also in April at Penn in addition to donating part of the sale of the single to the cause.Performing at Best of the BestNext month, will also be performing at The Best of the Best Concert in Miami and Sierra Nevada World Music Festival and Groovin in the Park in Queens, NY this June.Since 1994, Team Jamaica Bickle has played an active role in the development and care of Caribbean athletes through its hospitality initiative. The non-profit raises money annually to provide meals and other refreshments, physical therapy, chiropractic, mentorship and medical services, ground transportation: daily hotel to stadium shuttle and airport transfers for arrival & departure and subsidized hotel rates to runners at the Penn Relays. A stellar crop of athletes have benefited from TJB, including Olympians Veronica Browne-Campbell and Shelly Ann Fraser-Pryce.last_img read more