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Pep Guardiola will stay Manchester City despite Champions League ban

first_img CET 16/02/2020 “Months of hard work ahead” Upd. at 10:58 During his four seasons at Manchester, Guardiola has never tired of reaffirming his loyalty towards the club’s hierarchy, especially Txiki Begiristain, and to the club, thanks to the relationship developed Khaldoon Al-Mubarak, City’s president and the link with the owners in Abu Dhabi.  Those looking for the responsible people look towards the club’s offices. That’s were the deficiencies started which generated the investigation, and it’s there were they’re expecting some intense months as they look for a solution. Club sources warn of the work they have ahead of them: “There are some tough months ahead, but there’s a confidence that CAS will reach a (favourable) resolution.”  Guardiola’s idea and comfort in Manchester have not changed. City’s situation has. Massively. Pep’s project is facing up to a key summer in which a minimum of four arrivals. are expected to revitalise the squad, in addition to various exits. The UEFA sanction, pending an appeal, clouds everything. Without knowing the final decision, it’s difficult to work with a clear budget, define targets, attract players and make advances with regards to the future.  The phone calls began to intensify on Friday morning in Manchester. The First Team Building at the City Academy was filling up again after three days off for the players and the coaching staff. The return to work was not calm. The club had learned that later that day UEFA would confirm their ban from Champions League football for the next two years and a hefty fine.  SPORT have been able to confirm that Guardiola is not thinking about leaving City. In fact, the opposite. The Catalan coach is convinced that he will continue at the club and has not thought about leaving before the end of his contract, despite Friday’s setback off the pitch. Guardiola’s current deal runs until the summer of 2021.  Pol Ballús The CAS will look at all the evidence from the beginning in an external tribunal. One of City’s main complaints is UEFA’s bias in this case. There will be three CAS judges, one chosen by City, one by UEFA and a third by the Swiss tribunal.  The clear priority at Manchester City in recent years has been the Champions League. The hierarchy respects the fans’ preference for domestic trophies, but reiterate that where the club must do their best work is in Europe. The ban is not just a sporting setback for the club, but also a political one. There were many questions in Manchester after UEFA’s statement. The first one looked to the bench: Will Pep Guardiola remain in charge of a club that is not in the Champions League?  IN SPORT.ES Guardiola seguirá en el Manchester City | AFP It’s expected that CAS can reach a decision within three months. It’s hoped that the process will move quickly, given that anything other than a resolution before the summer would give City arguments to obtain a suspension to the ban, something UEFA would not permit. “In this period, it’s time to work hard in the offices and elaborate a solid and convincing defense strategy.”  Guardiola se quedará en el Manchester City The reality is City’s immediate future hangs on this decision. The toughest possible sanction would be a huge step back for the club following years of progression. The conflict, to the background of a war between UEFA and Abu Dhabi, now takes on another dimension. If the European governing body of football doesn’t spare City and exemplary sanction, the club is expected to reach the final legal instance to try to reverse a historic sanction in the world of football.last_img read more

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Mercy theme at life-transforming retreat

first_imgWORLD-RENOWNED preacher Brother Lalith Perera, who heads the Community of the Risen Lord (CRL), will conduct a two-day life-transforming weekend…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

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Road to recovery

first_imgBy Mitchell Clarke A Pakenham Upper couple involved in a horror overseas accident, which left them fighting for life, have defied the odds…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

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Sports Shorts

first_imgThe Central Jersey Royals baseball team is now holding open tryouts to fill open roster spots for its spring/summer teams. Due to popular demand, they are expanding from one team last year to multiple age teams this year. The teams have experienced coaches and have been around for the last three years. All interested registrants, ages 10-14, are encouraged to apply online at fatheadsportsonline.com or obtain additional information by e-mailing recruiting@centraljerseylightning.com.last_img

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Murray lifts BBC Sports Personality award, Fury apologises

first_imgBy Ian ChadbandTyson Fury, the boxer at the centre of controversy over comments about women and homosexuals, made an apology at the BBC Sports Personality of the Year awards in Belfast on Sunday.Before tennis champion Andy Murray collected the prestigious award, an audience of 7,500 at the SSE arena applauded after world heavyweight champion Fury, 27, one of the 10 short-listed contenders, told them his remarks had been tongue-in-cheek.Fury, whose homophobic and sexist comments had led to more than 130,000 people signing a petition calling for the BBC to remove him from its shortlist, told the crowd, featuring many of Britain’s greatest sportsmen and women: “I’ve said a lot of stuff in the past, none of it with intentions to hurt anybody.“It’s all a bit tongue in cheek, it’s all fun and games for me. I’m not really a serious type of person. Everything’s happy go lucky with Tyson Fury.“If I’ve said anything in the past that’s hurt anybody, I apologise to anybody’s who’s been hurt out there. It’s not my intention to do that.”Up to 30 gay and equal-rights campaigners held banners and chanted ‘anti-woman, anti-gay, Tyson Fury go away’ outside the arena before the Belfast ceremony.Murray won the award for the second time in three years after his inspirational performances guided Britain to their first Davis Cup triumph in 79 years.The 28-year-old, who joins boxer Henry Cooper and racing drivers Damon Hill and Nigel Mansell as the only double winners of the event, held up his ‘Personality’ award and joked: “I didn’t expect this.“A friend sent me a message the other day with an article saying ‘Andy Murray is duller than a weekend in Worthing’ which I thought was a bit harsh – on Worthing,” the Scot said of the southern England seaside resort.Runner-up was rugby league player Kevin Sinfield and in third place was world heptathlon champion Jessica Ennis-Hill.last_img read more

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Thousands remain outside

first_imgInside the stadium only one third of the seats have been taken.The pre closing program was supposed to commence at 6pm however nothing official has started.Games mascot,Tura the Kokomo showed up for the closing and is going around taking pictures with excited fans.Security forces from the Correctional service and Police are out in full force ensuring only those with tickets enter the stands.last_img

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Public debt management in the context of Guyana’s public debt

first_imgLast week we had established that total stock of debt, which includes both domestic and external debt, stood at US.638 billion, or close to G0 billion.Further, according to the Bank of Guyana’s half-year report 2017, domestic debt service increased by 31.2 per cent, or G7 million, to G.123 billion due to principal payments and interest payments growing by 2.7 per cent to 1million.On the external side, external debt service increased by 8.2 per cent to US million from June 2016 level, which represents 6.4 per cent of Central Government’s current revenue and 4.3 per cent of export earnings. Principal and interest payments amounted to US million and US million respectively. Effectively, this brings total Central Government’s debt servicing close to G.9 billion.Putting these aforementioned figures into context within the economy’s macroeconomic structure, total stock of debt of G0 billion represents 47.8 per cent of GDP (at market price), which stood at G1.7 billion as at the end of December 2016 (BoG Annual report 2016), and total debt service of G.9 billion represents 8.13 per cent of Central Government’s total revenue, which stood at G.1 billion for half-year period ended June, 2017.At the same time, total current expenditure for the same period stood at G.4 billion.Guyana’s debt-to-GDP ratio is relatively low (under 60 per cent) compared to other Caribbean countries, such as Trinidad & Tobago’s debt-to-GDP ratio, which stood at 61 per cent as at the end of 2016. The Bahamas was 74 per cent, and Suriname was projected to increase to 68 per cent at the end of 2016, just to name a few.Despite this, however, the Government of Guyana needs to be careful in debt management, at it seems as though this level of debt is increasing at perhaps not an alarming rate, but certainly at a rate that warrants some degree of heightened monitoring, as could be deduced from the mid-year economic reports. Efforts in this regard need to be engaged to avert a likely unsustainable level of the public debt management structure.Such an assessment at this point is premised on the fact that key economic sectors are performing poorly. We are losing revenues from export earnings, and in the context of public debt management, this means Central Government’s ability to honour its external debt obligations may be weakened.Again, quantifying this assertion, export earnings from rice fell by 12.6 per cent, or US million, below the level in 2016 on account of lower levels in volume being exported. Gold export earnings declined by 0.5 per cent or US.9 million less than June 2016; sugar export earnings also fell by US.0 million; timber fell by 8.7 per cent. But total other exports’ earnings increased by 10.8 per cent for the half-year period ended June 2017.Simultaneously, import value of goods increased by 13.6 per cent; hence, altogether, what these factors indicate is that, as imports increase and external debt service payments increase, the demand for foreign currency will also increase. And this could impose pressure on the Government’s ability to meet these obligations, as this also means it will have an effect on the country’s foreign reserves, which are depleting as an effect of the outcomes of these very factors.A Working Paper on Public Debt in Emerging Market Economies (EMs) produced by the World Bank (2010) sought to address the impact of the global financial crisis on 24 countries and the responses by their public debt managers. It provides a number of positive lessons for policy makers and international financial institutions. Some of these were as outlined in the paper:– Sound and well-coordinated macroeconomic policy during the years before the crisis, leading to much improved fundamentals, was elemental in serving as a buffer and placed Ems in a position for quicker recovery.– In addition to macroeconomic measures, prudent public debt management with a focus on containing risks in debt portfolio was an additional fundamental factor that strengthened EM resilience to the crisis.Notwithstanding the positive developments that most EMs have enjoyed between June 2009 and March 2010, this current period (2011-2017 and onwards) presents more risks than usual. Given this outlook, it is important that policy makers in EMs maintain the prudent approach to macroeconomic management that has served them well over the last decade. Specific policy measures will depend on individual country circumstances. For those with weaker fiscal positions, as growth recovers, it presents an opportunity to reduce debt/GDP ratios by reversing the fiscal accommodation that was implemented to mitigate impact of the global crisis. For others with more significant external surpluses and fiscal buffers, the emphasis should be on stimulating domestic demand and allowing exchange rates to adjust, while maintaining vigilance on inflationary expectations.Returning to our situation: against these backgrounds, policy-makers may argue that with the advent of the oil and gas sector, the economy is expected to hit a ‘booming’ period and foreign reserves are expected to experience significant increases, thus averting a debt management crisis. These expectations are, however, yet to materialise, and will only begin three years from now.So what will happen until then, as other key sectors continue to deteriorate; foreign earnings are lost on account of reduced export earnings; net foreign reserves are depleted; and public debt seemingly keeps on climbing? Is this not a recipe for a debt crisis? How will we mitigate these risks? Shouldn’t there be a review of priorities on spending, and emphasis on value for money as it relates to contracts, just to cite a few suggestions; let alone a stimulus package, as is the call from some private sector agencies?last_img read more

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QPR boss Ramsey’s future to be decided ‘within the next week’

first_imgQPR fans will know in a week if Chris Ramsey is their long-term head coach.The current boss took charge in February and is out of contract at the end of the season with the club facing a season in the Championship.Ramsey wants the job and he is hopeful the recent 6-0 defeat by Manchester City has not scuppered his chances.“We are still in negotiations,” he said. “We are still talking. I am sure the club will make an announcement in the next week or so.“Nothing is 100 per cent but I am hoping I will be in charge for next season.“I haven’t spoken to them (chairman Tony Fernandes and director of football Les Ferdinand) about myself in depth for a week or so. We have brushed on it.“But they have told me they will make an announcement within the next week and I hope it’s me.“Do I believe it will be me? Only as much as football will allow me to.” QPR boss Chris Ramsey 1last_img read more

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‘Southampton will have Koeman replacement already in mind’, insists Beattie

first_imgFormer Southampton striker James Beattie insists the impeccably-run club will already have a replacement lined up for Everton-bound boss Ronald Koeman.Dutchman Koeman is expected to be confirmed as the Toffees’ new manager this week, with the Merseysiders ready to make him one of the Premier League’s highest-paid managers to temp him to Goodison Park.Bournemouth head coach Eddie Howe and former Ajax manager Frank de Boer are early favourites to take over at St Mary’s if the deal goes through, while the likes of Andre Villas-Boas and Manuel Pellegrini have also been linked with the south coast job.But Beattie, who played for both Southampton and Everton during his playing career, believes the Saints’ hierarchy will have already made their choice.“Southampton are under great stewardship behind the scenes, so I don’t think the departure of Ronald Koeman will be a surprise to the backroom staff,” Beattie told the Alan Brazil Sports Breakfast.“Ronald has done so well in charge of the team that he has always been linked with other clubs, so I think even before his departure they would have had people in mind who could step in.“With the way he’s progressed Southampton over the last few years in the Premier League, he’s done a great job. Both clubs have great history, but with Everton under new ownership, I think he’s going to get a big war chest.“Success doesn’t come with money, as we’ve seen before, but he would be a great acquisition for Everton if it all goes through. He’d be someone who can really utilise that money well and push the club forward.”Koeman’s first job at Goodison would be to try and keep hold of the club’s bright young stars, with Romelu Lukaku, John Stones and Ross Barkley all linked with moves away from Everton.And Beattie believes ‘straight-talking’ Koeman will quickly decide on the players he wants to stay and go.The ex-Saints and Toffees frontman added: “Lukaku has made it very clear he wants to leave Everton, although that might all change with the new manager coming in.“But you only want to keep players who want to stay.“If any players want to be somewhere else, than I think Ronald Koeman has proved in the past that he’ll be straight-talking and will get straight to the point with these players whose futures are in dispute.“If they don’t want to be there I’m sure they’ll be able to find another home, and Ronald will go and use his wisdom in the transfer market where he’s been pretty successful.”last_img read more

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Real Madrid skipper desperate for Manchester United star David de Gea to sign

first_img1 Real Madrid captain Sergio Ramos has told the club to go all out to sign Manchester United goalkeeper David De Gea.Madrid are looking to improve current number one Keylor Navas and have tried to land De Gea in the past.However, it has been widely reported that Madrid have now set their sights on Athletic Bilbao’s Kepa Arrizabalaga instead.The young Spaniard is out of contract in the summer and is also wanted by both Arsenal and Chelsea.But Spain skipper Ramos, now into his 12th year at the club, has reportedly advised his bosses to go for De Gea.According to Don Balon, the 31-year-old defender believes his Spain team-mate is the perfect candidate to become Real’s long-term goalkeeper as he already knows how to handle top-level pressure.United do not want to sell and it will take an astronomical figure to lure the keeper away from Old Trafford.The 27-year-old, who arrived from Atletico Madrid in 2011, is under contract until 2019. The Spanish keeper has been linked to Madrid for the last few seasons last_img read more

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