US tycoon Friedkin completes 591-million euro Roma takeover

first_imgTopics : ‘Special club’ But the Boston-based businessman had been unpopular among club fans for his rare appearances in Italy and his handling of player transfers and the departures of club legends Francesco Totti and Daniele De Rossi who were both pushed out of the club.Roma have had recurring financial difficulties and been sanctioned by European football’s governing body UEFA for breaches of financial fair play.As a result the club are very active in the transfer market, regularly selling off their best players, to the chagrin of fans.Pallotta’s great project had been the construction of a new stadium in the south of the capital which was delayed because of legal and bureaucratic issues, and remains at the planning stage.The high-point of Pallotta’s reign was the club’s sensational Champions League 3-0 second leg comeback in 2018 to beat Barcelona, before losing to Liverpool in the semi-finals.Pallotta said: “I would like to wish Dan, Ryan and everyone at AS Roma – the players, the staff and the fans – only good luck for the future. “Like every Roma fan in the world, I truly hope The Friedkin Group can build on what we have done over the last eight years, transforming Roma into a truly international club, and take AS Roma to the next level. “This is an incredibly special football club and I leave with many unforgettable memories.”The club won their third Serie A title in 2001, but have not lifted any silverware since the Italian Cup in 2008.This season they finished fifth, missing out on elite European competition for the second year in a row.Friedkin told Roma fans: “We will stand shoulder to shoulder with you as we develop this club and challenge for trophies in the future.”We can’t wait to get to work and for our new season to start.” “As one fan wrote recently, ‘Take our iconic club and make it one of the greatest names in world football’.”We intend to do just that. Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey.”Our vision for the club and the team is to favor a sustainable and long-term investment approach rather than quick fixes.”We recognize that we have been entrusted with a team. which represents a vital part of the soul of Rome, and this is a responsibility that we will always take very seriously and humbly.” Houston-based Friedkin is the chief executive of a consortium notably involved in the automotive and hotel and entertainment industry.The Friedkin Group have through Romulus and Remus Investments LLC, purchased the 86.6 percent majority stake in Roma, and will launch a mandatory tender offer for the remaining 13.4 percent of share capital, the club said in a statement.Friedkin takes over from Pallotta as club chairman, in a new executive committee which includes his son Ryan, with Guido Fienga remaining on as CEO.Pallotta bought two-thirds of the club’s shares in 2012, but had 100 percent ownership since 2014. US billionaire Dan Friedkin on Monday promised to turn Roma into “one of the greatest names in world football” after completing his 591 million euros ($700 million) purchase of the Italian club.Friedkin, 54, takes over the Serie A side after nine-years under the ownership of fellow American James Pallotta, 62.”We are delighted to join the AS Roma family,” said Friedkin. last_img read more

Data error causes €3m overpayment headache for ABP

first_imgThe amounts involved ranged from a couple of dozen euros to more than €10,000 in a few cases.In 150 cases, however, ABP ceased the wrongful additional payments immediately.The issue was first publicised by Omroep MAX, a Dutch broadcaster aimed at people aged over 50. After Omroep MAX took up the case, ABP admitted that it had been too hasty. Payments would continue until May, it said, and pensioners would be approached by phone about how they wished to resolve the issue.Pieter Omtzigt, MP for the Christian Democrats (CDA), told Omroep MAX he would ask social affairs minister Wouter Koolmees to what extent ABP was entitled to reclaim benefits, and what rights pensioners could derive from the amounts on their pensions statement.Meanwhile, as a consequence of the SVB’s mistake, a further 300 pensioners are to receive additional payments totalling €70,000 from ABP. Dutch civil service scheme ABP has admitted it was too hasty in its efforts to reclaim €3m of overpayments it had wrongfully made to 700 pensioners.The €407bn pension fund said it would keep paying the benefits for a couple of months while it consulted the pensioners involved about arrangements for paying back the money.ABP paid a non-compulsory additional pension to retirees with a younger partner on low income, based on data provided by social security body SVB.However, after the SVB informed ABP at the end of last year that it had issued incorrect data between December 2013 and May 2015, the civil service scheme wrote to the pensioners informing them that they had to return the surplus benefits, while offering repayment arrangements for up to six years.last_img read more

PSA International Signs Deal to Acquire Poland’s DCT Gdańsk

first_imgPSA International has signed an agreement with the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) to jointly acquire DCT Gdańsk, the largest container terminal in Poland.The shares would be purchased from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.With a quay length of 1,306 meters and a maximum depth of 17 meters, DCT Gdańsk is the only terminal in the Baltic that can serve ultra large container vessels (ULCVs), the world’s largest container ships with a capacity of up to 23,000 TEUs.Following a significant capital expenditure programme, the port’s capacity doubled in 2016 with the completion of a second quay. Container volumes have grown steadily over the years to reach 1.9 million TEUs in 2018.Given the constant growth and development of the business, the terminal is expected to reach full capacity utilisation in the upcoming years. To allow for further development of DCT Gdańsk, PSA, PFR and IFM Investors will explore the construction of a new expansion area and further increases in capacity.“DCT Gdańsk is PSA’s first investment in Eastern Europe, and we look forward to working closely with our partners PFR and IFM to further develop its facilities and to strengthen its position as the preferred port of call for Poland and the Baltic Sea,” Tan Chong Meng, Group CEO of PSA International, said.“Through leveraging our global network and our expertise in creating value for the port and shipping communities, PSA will partner with shipping lines, logistics operators and cargo owners to deliver more efficient, flexible and robust supply chain solutions for the region.”last_img read more

RWE Takes Over E.ON’s Renewable Energy Assets

first_imgE.ON has transferred its renewables business, E.ON Climate & Renewables, to RWE as part of the transaction to acquire and integrate innogy.Back in March 2018, RWE and E.ON entered into an agreement by which E.ON is taking over RWE’s 76.79% stake in innogy, whereas RWE is obtaining among other things all of E.ON’s major renewable energy activities and innogy’s renewable energy business, as well as a 16.67% minority stake in E.ON.RWE has now taken over a total of 9GW of renewables projects worldwide either complete or under development, from E.ON. Out of the 9GW E.ON built with partners partially, approximately 6.8GW are owned by E.ON. 1,500 employees were transferred with these assets to RWE.“Combined at RWE, E.ON and innogy’s renewables businesses will be an attractive platform with lots of development potential. I’d like to thank our colleagues at E.ON Climate & Renewables led by Anja Dotzenrath for their outstanding work. I’m certain that being part of RWE will give them the best possible conditions for continuing the successful development of the renewables business,“ E.ON CEO Johannes Teyssen said.“E.ON will remain closely involved with renewables, which we firmly believe will be the mainstay of tomorrow’s energy supply. In our network territories in Germany, we connect more than 90 percent of newly built wind and solar facilities to the energy system.”Another step of the transaction will be for E.ON to transfer innogy’s renewables business to RWE. This will take place as soon as possible in 2020, the company said.The renewable energy portfolios of E.ON and innogy, combined to form RWE Renewables, will have an installed capacity of more than 9GW once the innogy transaction is completed. Added to this are further assets with a combined capacity of 2.6GW under construction that will be completed in the near future. The transaction will make RWE the second-largest offshore wind operator.RWE will also provide an annual EUR 1.5 billion in net capital expenditure for both offshore and onshore wind turbines as well as photovoltaics and storage. Project partnerships have the potential to increase total investment to between EUR 2 and 3 billion per annum, the company said.last_img read more

Iloilo City’s No. 7 most wanted person nabbed

first_imgDunahod has also another arrestwarrant for the crime of theft issued by Judge Evelyn Rondael of the MunicipalTrial Court Branch 9 with recommended bail bond of P10,000. Melvin Dunahod, 36, was a resident of LaPaz district. He faces charges for violation of Republic Act 9165, or theComprehensive Dangerous Drugs Act of 2002. ILOILO City – The No. 7 most wantedperson in this city has been arrested in Boracay Island’s Barangay Balabag,Malay, Aklan. The suspect was turned over to the LaPaz police station, where he was detained./PNcenter_img The warrant for his arrest on Wednesdaymorning was issued by Judge Victor Gelvezon of the Regional Trial Court Branch36 sometime in 2012. Iloilo City’s No. 7 most wanted person Melvin Dunahod faces charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002.last_img read more

Wallace Mathias Witte

first_imgWallace Mathias “Ick” Witte, 87, of Lawrenceburg, Indiana, passed away Thursday September 3, 2020 in Lawrenceburg, Indiana.He was born March 9, 1933 in Aurora, IN, son of the late Walter M Witte and Dora (Andrews) Witte.Wally served his country as a member of the United States Air Force. He enlisted in the US Air Force 1953 to 1957. He was stationed at Randolph Field in San Antonio, Texas and Hickum Field in Honolulu, Hawaii.Wally worked as a Riverboat Captain for I & M, retiring after over 41 years of service.He attended Plum Point School in Aurora for eight years and graduated from Aurora High School in 1951. He was a member of the St. John Lutheran Church, Bellaire.  Wally was an active member of St. John Lutheran Church since 1962 and served on the church council.Uncle Oscar (Ock) Witte gave him the nickname Pip from the baseball player Wally Pip. His younger sisters were unable to say Pip and began calling him Ick or Icky, and it stuck! He worked at Seagram’s Distilleries mill and bottling floor from May to December 1951. He then worked for Indiana and Michigan Electric Company from December 23, 1951 to March 31, 1993, 41 years and 3 months. He was a Retired Riverboat Captain. Wally met Johanna Knopf at Coon Hunters in Batesville on New Year’s Eve 1959, and they were married on May 20, 1961. In 1987 he began prospecting for gold in Grants, New Mexico, going twice a year until recent years. Philip Cee, Howard Terrill, David Witte, Dorothy Witte, Shirley Steiner, Johanna Witte, Owen Witte, and Terry Duffey have all journeyed to Grants to find the 20 mule loads of gold hidden in them thar hills! His retirement activities consisted of buying and selling tropical fish and aquariums, Wally’s Weedeater Repair, the Witte Winery, the auction circuit and the care of fruit and persimmon trees.Wally is survived by his loving spouse of 59 years, Johanna Witte; children, Ed Witte of Fishers, IN, Karen Tailby (Sean) of Fishers, IN, David Witte of Lawrenceburg, IN, Teresa Witte of Cincinnati OH; grandchildren, Gus Gamez, Daiane (Phil) Hyde, Grant Witte, Meghan Witte, Nathan Tailby, and Matthew Tailby; sisters, Dorothy Witte of Cincinnati, OH, Shirley Steiner of Aurora, IN, Arlene Hempleman of Rocklin, CA; great-grandchildren, Foster & Frankie Hyde.He was preceded in death by his parents; brothers, Owen, Leon, and Raymond Witte, sisters, Henrietta Hubbard, Catherine Droege, and Margie Witte.Friends will be received Tuesday, September 8, 2020, 5:00 pm – 8:00 pm at the St. John’s Lutheran Church Bellaire, 4937 State Road 48 Lawrenceburg, Indiana.Services will be held at the church on Wednesday, September 9, 2020 at 11:00 am with Rev. Debby Allen officiating.Interment will follow in the St. John’s Lutheran Cemetery Bellaire, Lawrenceburg, Indiana. Military graveside services will be conducted by members of local Veterans Service Organizations.Contributions may be made to the St. John Lutheran Church or Lawrenceburg Life Squad. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Due to the current situation dealing with COVID-19, we are following the directives from Governor Holcomb and the Centers for Disease Control and Prevention concerning large events and mass gatherings. The family deeply appreciates the support and love shown from friends, but the health and well being of everyone in our community is of top priority. We are asking everyone who will be in attendance to please remember the social distancing guidelines at all times, and the wearing of masks is highly recommended.Alternative ways to express your condolences can be done by going online at our website and leaving the family a message, sending a card, flowers, or making a donation in memory of their loved one.Visit: www.rullmans.comlast_img read more

Diamond sparkles at Chester

first_imgDiamondsandrubies was a most impressive winner of the Arkle Finance Cheshire Oaks at Chester. The daughter of Fastnet Rock closely tracked the pacesetting duo of Sweet Dream and Banzari for most of the race until Ryan Moore went about his business at the top of the home straight. O’Brien’s filly received an accidental crack of the whip on her nose when Moore went for a winning run, but that did not knock her off her stride as she was much too good for Entertainment. Moore said: “I had a nice run round and she travelled very easily. They didn’t go that quick, but when I asked her she quickened like a smart filly and we’re real pleased with her. “For a big filly, she’s gone round there very easily.” Joint-owner Roisin Henry said: “We weren’t looking forward to it as we were worried about the ground, but she’s come good. “We came here more hopeful than confident, so we’re really thrilled. “Ryan kept her very balanced. Even though she got a crack across her face she seemed to come on for it. When asked if she thinks Diamondsandrubies is capable of winning an Oaks, Mrs Henry said: “I do now.” Coolmore’s UK representative Kevin Buckley said: “Ryan said she gave him a really good feel – she missed the break a little, but settled well and when he pressed the button she really responded well. “The Oaks is the likely target and she is right in that picture.” Press Associationcenter_img Aidan O’Brien’s 5-4 favourite was suitably revved up following two runs in April and had little issue taking this Listed affair by six lengths. Diamondsandrubies was subsequently cut to 8-1 from 20-1 by Paddy Power for the Investec Oaks at Epsom, and it is not difficult to see why. last_img read more

Last-minute plays reasons for hope

first_imgIt is simply known as “The Play.” If that name doesn’t ringa bell, maybe this will.The year was 1982. Cal versus Stanford. Trailing 19-17 late in the game,Stanford quarterback John Elway captained a drive that set up a Cardinal fieldgoal with eight seconds left. With just four ticks remaining on the clock,Stanford took a 20-19 lead and thought they had won the game.That’s where The Play comes in.Almost every sports fan knows it. The kickoff was squibbed to Cal’s45-yard line with just a few seconds left. All seemed lost for the GoldenBears. But five laterals later, Cal’s Kevin Moen darted toward the end zonewith the Stanford band and fans already on the field. As he charged into atrombone player following his touchdown, The Play cemented itself as one of thegreatest moments in college football history.This Saturday, the two rivals will face each other in the annual “BigGame.” The timing of this year’s meeting is perfect, as last week — Nov. 20, tobe exact — marked the 25th anniversary of The Play.I don’t think I’m alone in calling that famous touchdown the greatestfinish in college football. But since that day in 1982, there have been a fewothers that have given The Play a run for its money.1984 — Hail FlutieBoston College had the ball at midfield, trailing by four to Miami, withsix seconds showing on the clock. Doug Flutie, standing at what might as wellhave been 3-foot-6, was in at quarterback for the Eagles. After dropping backto pass, Flutie was flushed out of the pocket and forced to scramble backward15 yards. He found room to throw and bombed the ball more than 60 yards intothe end zone, where BC wide receiver Gerald Phalen was waiting for the pass.What makes this game — and the Hail Mary in particular — so great was itsscope. Boston College carried the No. 10 ranking into the game, while Miami wasranked No. 12. It was also shown on national television, strengthening Flutie’scase for the Heisman he would eventually go on to win. More importantly,however, was that the BC quarterback was able to get his own breakfast cereal —Flutie Flakes — out of the deal.2002 –Bluegrass MiracleKentucky was so certain they had upset No. 14 LSU that they dumpedGatorade on head coach Guy Morriss. I’m not sure what Morriss was more upsetabout after the game: Getting drenched with the sports drink or seeing his teamlose on a 74-yard touchdown pass in the closing seconds of the contest afterovercoming a 14-point deficit. Just like Elway did in the Cal-Stanford game, aKentucky player called a timeout with too much time remaining. The clock stoppedwith 11 seconds to play before Kentucky’s field goal attempt, meaning theTigers would receive another desperation shot.LSU moved the ball from their own 9-yard line to the 26 in its firstplay, leaving two seconds on the clock — just enough time for one more play.Tigers quarterback Marcus Randall dropped back and heaved with all of hismight. The ball came nowhere close to finding the end zone, but was tipped byLSU receiver Michael Clayton and landed in the waiting arms of fellow receiverDevery Henderson. Henderson was able to make it 15 yards to paydirt, completingthe Bluegrass Miracle.2007 — Cinderella StoryThis fantastic game had not one, but two incredible plays. Boise Stateused a hook-and-ladder pass to score with seven seconds left in regulation toforce overtime with Oklahoma in the Sugar Bowl. The Broncos kept digging deepin their bag of tricks in the extra session, channeling playground gridironsacross the nation by pulling off the Statue of Liberty. After Ian Johnson tookthe behind-the-back handoff from quarterback Jared Zabransky and ran in thetwo-point conversion for the win, he proposed to his girlfriend and Boise Statecheerleader, Chrissy Popadics.How cute.2007 — LateralpaloozaNobody outside Texas would have heard of the Division III Trinity Tigersif not for their miraculous last-second play that secured a 28-24 victory overthe Millsaps Majors. (Never heard of Millsaps? Neither have I.) With justseconds remaining and 61 yards to go, the Tigers needed a miracle. After 15laterals and a lot of praying, they got one.Trinity lined up five wide receivers but only advanced the ball up tomidfield on the pass, leaving the rest of the work to be done on the ground.Players from both teams were running around the field like chickens with theirheads cut off. The Tigers were hoping to find an opening. The Majors were justhoping for someone to trip.I’ve got to give credit to the play-by-play announcer for the game. Theball changed hands 15 times on the play, but the guys in the booth were able tostick with it all the way until Riley Curry streaked in for the game winner.It’s too bad the game was played in what looks like a high schoolstadium in front of just a smattering of fans. I have this one right up therewith The Play, simply for the sheer amount of time (62 seconds) and number oflaterals it took for Trinity to finally find the end zone.If these plays tell you anything about college football, it’s that itain’t over till it’s over. As a sports fan, it can be tough at times to stayoptimistic that your team can pull out that last-second victory. But with alittle bit of praying to the sports gods, and maybe a little luck, you neverknow what might happen.And to the college bands of America, stay off the field until the gunsounds. For your sake and your trombone’s.Tyler is a junior majoring in journalism. If you think John Stocco’stouchdown run in Wisconsin’s 2005 game against Michigan is the best collegefootball finish of all time, let him know at read more

Q&A Gerald Washington now fighting on in the ring

first_imgDT: Where does your career stand and when’s your next fight?Washington: I’m fighting on April 3 at the Fantasy Springs Casino in Indio, Calif. I’m fighting this guy named Skipp Scott, he’s 6’8”, 270 lbs. His record is 16-1 with 10 KOs. Beyond that we take it one at a time, so after I’m done with this fight we’ll schedule the next one. DT: How did you get into boxing as a kid?Washington: I started boxing at the Boys & Girls Club in Vallejo. It was an after-school program, so you could just stay there and do your homework and then do the activities. There’s a gym in the back, and that’s where I started boxing.DT: What made you give up the sport later?Washington: I wanted to go into the service. I had four years of ROTC in high school, so after high school I pursued a military career. DT: Your manager Al Haymon is a pretty well-known figure in the boxing world. What has it been like working with him?Washington: It’s been great. This will be my third scheduled television bout and my career is moving along very well. I have a great trainer in John Pullman and they’re keeping my career very active and allowing me to move up the rankings faster. DT: After you played in the NFL for a bit you got back into boxing. What made you get back into the ring?Washington: At first one of my friends from USC, Dominique Wise, told me about this program and that sparked an interest for me. I tried to get into the program, but they said I was too old. So I started boxing on my own, just using it to work out, then I started competing and sparring and stuff like that. I started doing well and then I just fell back in love with boxing and just ran with it from there. DT: Lastly, what are your expectations for the USC football team next season?Washington: I just look forward to Steve Sarkisian working with the team and bringing his magic back. I know that he’s all about business and they’re gonna do well and get the job done. DT: Your nickname, “El Gallo Negro,” is unique. What’s the story behind the name?Washington: I’m half Mexican, my mother is from Mexico, and the rooster is a fighting bird. I’m half black and half Mexican, so really I just put those two together. I grew up in Vallejo, Calif., but in eighth grade I went to school down in Mexico. So I speak Spanish, I’m bilingual, and that’s how that all came together. As a reserve tight end and defensive end for Pete Carroll’s USC Trojans from 2006-2008, Gerald Washington won three consecutive Rose Bowl titles. Now, after a short stint in the NFL, Washington has embarked on a remarkably successful career in professional boxing. The 6’6” heavyweight is 11-0 with eight knockouts in his young career, and is signed by legendary manager Al Haymon, best known for his work with Floyd Mayweather. Daily Trojan Sports Editor Will Hanley sat down with Washington yesterday to discuss his time as a Trojan and his upcoming April 3 bout.Knockout · Gerald Washington, who played tight end and defensive end for the Trojans in college, still feels like a part of the Trojan Family. – Courtesy of Gerald Washington DT: After your time in the Navy you began your football career at the junior college level before moving on to USC. What was your most memorable moment as a Trojan?Washington: Just the day-to-day stuff, you know? All the work ethic I learned at the school, going out there under Coach [Pete] Carroll and learning how to compete. I used to always love walking into the stadium, doing the Trojan walk. That was always one of my favorite parts. DT: Were there any football skills that you learned that translated well into boxing?Washington: I just have a strength that no other boxer has because of my football career. I’ll be stronger than any other boxer in the ring because of the way we worked out there at USC, and I’m able to use that and carry it over into boxing. DT: How is USC still helping you achieve your goals?Washington: I’m just trying to get support from my Trojan family, you know. I love to have my people behind me. Chris Arreola and Bermane Stiverne will be fighting for the [WBC] world heavyweight title there at the Galen Center on May 10. I would love to stack the stadium with Trojans and be able to fight for the title there one day. I definitely want to keep in touch with you guys and keep it going, because I definitely want my Trojan family there behind me. I’m trying to get as many supporters out to the fight as I can. And I’ll be wearing USC, right there embroidered in my shorts. Follow Gerald Washington on Twitter and Instagram at @gwgallonegro.last_img read more

City Trio, Salah, Kane, De Gea Nominated for Player of the…

first_imgHowever, the Belgian may be beaten to the award by Salah’s free-scoring form. The Egyptian has scored 40 times in all competitions, including in each leg as Liverpool dumped City out of the Champions League quarterfinals 5-1 on aggregate. He also leads the way in the race for the Premier League golden boot with 30 goals to Kane’s 25.Sane and Kane are also on the shortlist for the Young Player of the Year award alongside City goalkeeper Ederson and forward Raheem Sterling, Manchester United striker Marcus Rashford and left-back Ryan Sessegnon, who has starred in Fulham’s push for promotion from the Championship.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester City’s Kevin De Bruyne, Leroy Sane and David Silva lead a six-strong cast that also includes the prolific Mohamed Salah and Harry Kane for the 2017-18 Professional Footballers’ Association Player of the Year award. Manchester United goalkeeper David de Gea is the other nominee.Despite blowing the chance to seal the Premier League title in a thrilling 3-2 derby defeat to Manchester United last weekend, City still boasted a 13-point lead at the top of the table heading into this weekend’s games.De Bruyne is expected to be City’s leading candidate, having contributed a league-high 15 assists and seven goals from midfield as Pep Guardiola’s side have marched towards the title.last_img read more