Ayre: Pain will lead to Reds progress

first_imgLiverpool managing director Ian Ayre insists the “pain” associated with the cost of restructuring the squad will be worth the effort after the club posted losses of £40.5million. “The biggest cost base without doubt is player trading and player wages – but these accounts demonstrate that we are still working hard to improve that. I take comfort in the fact that the work we have done, some of which costs us a lot of money in this period and beyond, looks pretty painful at the time. “But as long as you invest in it and manage it in the right way, then hopefully it bears fruit as we go forward and gives us a better platform to exist on in a different environment and in a world where we are expected to break even. You never take comfort from any business that makes a loss but I am pleased that we’re making the progress we are making.” In the period relating to these accounts the club offloaded 11 players all signings by previous managers. The then boss Kenny Dalglish – the cost of whose sacking last May was included in £9.5million of “exceptional payments” – wanted reinforcements for his squad and that meant players had to be moved on to make room. “We see a big charge within the accounts for amortisation (depreciation in value) of players that have been disposed of within the period that perhaps came in on a higher cost,” Ayre told the Liverpool Echo. “We’ve made losses as a result of selling them but at the same time we’ve improved our longer-term position in terms of our wage bill by reducing the wages for those particular contracts. “These accounts show investment in the squad – players like Jose Enrique and Sebastian Coates – and as we have seen in accounts that flow from that – we will continue to invest in the squad both for improved playing performance but also a far better structure in deals that we have with players. “So we are fortunate in some sense in that we know we are improving in this year and we are continuing to improve.” Press Associationcenter_img The club’s debt rose by £21.8million to £87.2million in the 10 months between August 1 2011 to May 31 2012. However, the loss was less than the £49.3million made the previous year and done against the backdrop of no European football, although Liverpool did get to two cup finals, winning one. But with owners Fenway Sports Group focused on the impending arrival of Financial Fair Play, Ayre stressed there was necessary work to be undertaken. “We are continuing to transition to the point we have been working on for several years under this ownership – which is to continue to improve revenues and manage our cost base effectively,” he said. last_img read more

Spurs set for new signings

first_img “No worries about that and the people won’t worry about the team because we have a lot of good players that can play like a striker. “We need to be (more) solid than last season because we scored a lot of goals but the problem was we conceded a lot of goals. If we are more solid maybe we can reduce the gap with the top four.” Pochettino continues to be linked with transfers for Stuttgart’s Timo Werner, QPR forward Charlie Austin and West Brom’s Saido Berahino. The latter would likely cost in the region of £20million and represent a transfer policy Spurs have avoided since their disappointing summer in 2013, when the world-record £86million received from the sale of Gareth Bale to Real Madrid was largely squandered. Sporting director Franco Baldini’s reputation has suffered as a consequence but while Pochettino dismissed reports that the Italian is to leave the club, he also said that Spurs’ ability to develop talents like Kane prevents them from needing to spend as they did in 2013, as their rivals – including Liverpool, who paid £32.5million for Christian Benteke – continue to do. “Maybe Liverpool tried to find their Harry Kane but we have Harry Kane,” he said. “The people is very happy that our striker is Harry Kane. If you want to find players to compete with or improve Harry Kane it’s not easy. “My vision is (it’s) better to sign a player from England but it’s true that the market in England is crazy, it’s not easy. It’s better to bring some players from England but it’s not easy, maybe you need to bring some players from Europe. “(Baldini’s not leaving), nothing changed from the last season. Nothing’s changed.” Spurs have signed three defenders in Kieran Trippier, Toby Alderweireld and Kevin Wimmer so far this summer, but with Roberto Soldado and Emmanuel Adebayor both expected to leave the club, Harry Kane is at risk of becoming their sole senior striker. “We have our target, I think in the next few days maybe something (will) happen,” said Pochettino, ahead of Tottenham’s trip to Old Trafford on Saturday to face Manchester United in the opening fixture of the new Barclays Premier League season. Mauricio Pochettino says Tottenham will announce a new signing in the next few days. center_img Press Associationlast_img read more

Badgers look to rebound against visiting Bison

first_imgThe University of Wisconsin softball team will have little time to regroup from its disappointing weekend against Michigan State, as North Dakota State rolls into town Monday for a doubleheader, with the first game beginning at 3 p.m..The Badgers will look to recover from their current tailspin, during which they have lost eight of their last nine, against a team that is in a free fall of its own, as North Dakota State has lost 11 of its past 14.The Bison are playing their first season in Division-I, after making the jump from Division-II, where they were one of the top teams in the country. North Dakota State is very much a mystery because of its new status, as it is currently one of only seven independent teams with no conference affiliation. While the Bison search for a conference to join (most likely the Big Sky, whom they are in negotiations with) they have played admirably, accumulating a record of 17-20, despite playing a grueling schedule.North Dakota State, while at the same time trying to adjust to the level of play in D-I, has scheduled some of the top teams in the country, including No. 15 Missouri, No. 23 Iowa and formerly ranked Nebraska. The true strength of the schedule lies in the locations, however. The Bison will play only three series at home all season, amounting to six games of their 55 game schedule.North Dakota State will continue its tour of the American Midwest with the trip to Madison, bringing with it one of the top fielding crews in the country. North Dakota has posted a fielding percentage of .971, while committing only 29 errors, both among the nation’s best.Conversely, Wisconsin has a fielding percentage of only .945 and has committed an alarming 59 errors, both second worst in the Big Ten.“We have to field the ball,” head coach Karen Gallagher said. “You obviously give up a little defense sometimes if a player carries a good bat, but you hope that people step up their games. You can anticipate, plan and have high expectations, but the players have to perform [defensively]. They need to be focused and on their game.”The Bison have also been effective on the mound, maintaining a 2.25 team ERA this season. Wisconsin will likely see Allison Bakke, who has started 21 games this season, completing an impressive 15. She has compiled an 8-13 record to go along with an ERA of 2.45, while limiting opponents to a batting average of only .234. Junior right-hander Amber Garrett has not seen as much time this season (with just under 58 innings pitched), but has posted the most impressive pitching stats on the team. Garrett has an ERA of only 1.21 and, opponents have hit just .194 against her.The Bison have struggled offensively, however, as they do not have an everyday player hitting .300, and are batting just .239 as a team. The most dangerous player in the lineup is Lynnae Foshag, who is hitting .281 with three home runs (the Bison have hit only four all season) and 15 RBI. North Dakota State does possess quality speed, having stolen 53 bases this season, while being caught only 13 times.Wisconsin is not particularly worried about the strengths and weaknesses of North Dakota State, and are much more concerned with its own weaknesses and trying to correct them.“We are just too Jeckyl and Hyde right now,” Gallagher said. “We just need some consistency. We are hoping we can turn things around a little bit. It is a new day on Monday, and we have been though this enough. We have to be tired of riding the roller coaster and just start going out there and kicking butt.”last_img read more

Dwayne Johnson buys out Vince McMahon’s struggling XFL for $15m only hours before auction

first_img First Published: 4th August, 2020 16:11 IST WATCH US LIVE ALSO READ: Dwayne “The Rock” Johnson Acquires XFLWWE legend Dwayne Johnson buys XFL: Who is the XFL owner?On Monday, Dwayne Johnson took to Twitter to reveal that he became the proud new owner of the XFL. The XFL purchase was reportedly split evenly between Johnson and his investment partner RedBird Capital. Danny Garcia, Johnson’s ex-wife and business partner, is also a stakeholder in the business and became the first woman to own an entire sports league independent from a team. Written By LIVE TV Arnold Dsouza Last Updated: 4th August, 2020 16:11 IST Dwayne Johnson Buys Out Vince McMahon’s Struggling XFL For $15m Only Hours Before Auction Dwayne Johnson buys XFL: The WWE great became the new owner of the eight-team American football league after purchasing the struggling XFL from Vince McMahon.center_img The XFL might be free from WWE chief Vince Mcmahon but another wrestling legend has come to its rescue in the form of Dwayne ‘The Rock’ Johnson. The XFL bankruptcy story was all over the news but a group that included WWE great Dwayne Johnson, purchased the American Football League only a few hours before it was put up for auction. It’s reported that Dwanye Johnson and his group purchased the XFL for approximately $15 million. ALSO READ: What Is XFL? What Is The Major Difference Between The Rock’s XFL And NFL? SUBSCRIBE TO US COMMENT ALSO READ: Kurt Angle Picks The Rock As “the Best Athlete I Ever Got In The Ring With”Dwayne Johnson buys XFL: XFL net worthThe XFL was previously owned by WWE chairman Vince McMahon and the 74-year-old had twice attempted to revive the league. Although McMahon had successfully revived the XFL for the 2020 season, his attempt was cut short due to the coronavirus pandemic. According to reports from ESPN, McMahon was expected to inject $500 million to reboot the XFL for the first three seasons.It was reported that McMahon spent around $200 million of his own capital to revive the XFL in 2018. The XFL 2020 season made it through to five games before it was decided that the season would be suspended due to the coronavirus. The teams that participated in the XFL generated strong TV viewership, maintaining between one and two million viewers per week. According to reports, the XFL is listed with assets and liabilities in the range of $10 million to $50 millionDwayne Johnson and Vince McMahon ownership in the future?ALSO READ: How Much Did Vince McMahon Invest In XFL? XFL Files For Bankruptcy After Laying Off StaffThe XFL went into financial chaos due to the pandemic and after suspending its operations on April 11, the XFL filed for bankruptcy. However, WWE legend former American football player Dwayne Johnson has come to the aid of Vince McMahon. The XFL league is reportedly planning for the 2021 season to possibly be played in a bubble environment. It is still unknown whether or not McMahon will have an investment in the XFL 3.0. Given the relationship that Dwayne Johnson and Vince McMahon shared at WWE, the wrestling mogul will be glad that his former employee has opted to revive his fallen project.Image Credits – AP FOLLOW USlast_img read more