Clubs will be lining up to speak to “serial winner” Jose Mourinho after his sacking at Manchester United, his former assistant Steve Clarke has said.United sacked Mourinho on Tuesday after suffering their worst start to a season for 28 years and replaced him with former striker Ole Gunnar Solskjaer until the end of the current Premier League campaign.“I’m sure he won’t be short of offers, that’s for sure,” Kilmarnock boss Clarke, who was Mourinho’s assistant during Chelsea’s league title wins in 2005 and 2006, told Sky Sports.“He’ll look at the market in the future and I’m pretty sure one of the top clubs in Europe will come calling soon and offer him another job. He’s a serial winner.”Clarke said it was hard to characterize Mourinho’s tenure at United as being a “failure”.“He won three trophies – the Community Shield, the Europa League, the League Cup – so it’s three trophies more than Liverpool in the same period, more than Tottenham,” Clarke added.“So was he a failure or was he not a failure? I’m not sure. He finished second last year.”
View comments The 6-foot-9 Aguilar missed practice Saturday and team trainers are doing everything to make him available for the Phoenix match.Another side also still in the mix for No. 2 is Alaska, which battles Mahindra in the 4:30 p.m. game.After San Miguel, the other teams are bunched up in the standings with idle Star also moving in contention with a 4-4 record like Alaska.Should the Aces win, they will be clashing with Phoenix and Rain or Shine to close out their elimination round schedule in matches that will be the KO type for them as far as the race for No. 2 is concerned.Ginebra battles NLEX on Jan. 29 at Cuneta Astrodome in Pasay.ADVERTISEMENT This week’s #KicksStalker pick: Chris Ross’ Jordan 15 Retro LATEST STORIES Gamboa officially assumes post as new PNP chief Marcos monument beside Aquino’s stirs Tarlac town DILG to lock shops in Tagaytay City, other areas near Taal Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Ben&Ben, IV of Spades, SB19 win big at 5th Wish Music Awards Anne Curtis talks about renewing faith in God amid the world’s ‘noise and clutter’ Palace: Crisis over ABS-CBN franchise unlikely Luis Manzano jokes about Mikee Morada’s proposal to Alex Gonzaga: ‘Baka nagtali lang ng sintas’ Bulacan inmates, jail guards raise donations for Taal victims MOST READ Motorcycle taxis ‘illegal’ starting next week — LTFRB board member Don’t miss out on the latest news and information. GlobalPort’s drive to gain the inside track on the second twice-to-beat privilege took a huge shot with the loss, the Batang Pier’s fourth in nine outings, as it shoved them down into a tie with Barangay Ginebra, Rain or Shine, TNT KaTropa and Phoenix Petroleum in the frenzied race for No. 2.Crucial clashFEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSBreak new groundSPORTSMcGregor blasts Cerrone in 40 seconds in UFC returnThat would make the Ginebra-Phoenix clash at 6:45 p.m. at PhilSports Arena crucial for both, with the Gin Kings trying to win three straight games for the first time this season, which could equate to the huge quarterfinal incentive.Ginebra, though, might be forced to play the Fuel Masters without the high-flying Japeth Aguilar, who hyper-extended his right elbow after a bad fall following a breakaway dunk in the first half of a 99-90 win over Blackwater on Friday night. Santos finished with 31 points and 10 rebounds and fellow former MVP June Mar Fajardo had 19 and 15 in front of his provincemates.Marcio Lassiter had 22 points and Chris Ross had nine assists and three steals, the last of which led to the first of those Santos baskets. Ross picked a pass by KG Canaleta intended for Stanley Pringle, which set Santos up for a basket that made it 100-95.Pringle went on to finish with 21 points and lead the Batang Pier, who are trying to better a franchise-best Final Four appearance here last season. Terrence Romeo scored 16 and Canaleta 14 for GlobalPort.Sports Related Videospowered by AdSparcRead Next PBA IMAGESLAPU-LAPU CITY — Arwind Santos scored seven of San Miguel Beer’s last eight points to key a 106-100 win over GlobalPort last night, sealing No. 1 ranking in the PBA Philippine Cup playoffs for the Beermen before a boisterous throng at Hoops Dome here.Playing with very little on the line, the Beermen displayed the spunk defending champions are made of, with Santos finishing off two brilliant defensive plays inside the final 1:31 of the Petron Saturday Special Game that ultimately gave San Miguel a 9-1 record no other team can match even with two weeks left in the elimination round.ADVERTISEMENT
Naya Zamana 21 – “Lost in Time” for NCC on SaturdayThe 21st edition of Naya Zamana, titled “Lost in Time” will be held this Saturday at the National Cultural Centre where patrons are expected to be blown away.This theatrical adventure features a superb blend of cutting edge choreography, chartbusting music and superb acting that brings the exciting storyline to life. Naya Zamana 21 encompasses comedy, romance, thrills, spills and a gamut of emotions.Aryan Masi and Travez Piaralall will take the audience on a unique adventure on stage that will keep them entertained and curious to see how it all turns out in the end.Brand new sets and fabulous costumes by Trishala Persaud add the right touch to every act. The more than 70 strong cast of dancers and actors –who have been trained at the Dharmic Sanskritik Kendra and are from all across the country – provide the perfect complement to the main cast of Farzaana Khan, Indhira Harry, Nirmala Persaud and Travez Piaralall along with Aryan Masi and Rahul Ravichandran, who join the cast from Canada.Aryan is currently based in India where he is doing short films and TV commercials and making small appearances in Bollywood films.This year, they team up to give the audience a wonderful performance. Rahul Ravichandran of Canada is trained in numerous dance styles including hip hop, ballet, jazz, Bollywood and the South Indian dance style of Gaana.He has been part of numerous competitions including Canada’s Got Talent. In Naya Zamana 21, the audience will get to enjoy Rahul in several avatars.A must see for all, Naya Zamana continues to lead the way for family entertainment and raises the bar each year in production.Many fans who attend without fail every year always remark on how much it is like looking at a film on stage. The cast are of the hope that this year, persons who have never attended will make “Lost in Time”, a first time experience and that after a memorable night, they will return year after year.The production is further enhanced by excellent lighting from Cloud Nine Inc. The National Cultural Centre has advised that the air conditioning is fully operational in all parts of the theatre.The Guyana Hindu Dharmic Sabha has hosted this production for 20 years and continues to provide a positive platform for young people to develop their skills and talent and express themselves in creative ways. Direction, choreography and script have been done by Dr Vindhya Persaud.Tickets cost $3500, $3000 and $2000 and are available at Bhagwan’s on Water Street; Red Mango, Robb Street; the National Cultural Centre; all E-Networks locations, including the Giftland Mall; and Mon Repos Malls and the Dharmic Kendra in Prashad Nagar or call 227-6181.
“Third place is a step forward from where we finished last year,” admitted Walcott.“But we want to – and need to – be pushing on now and trying to challenge for the title.“There was an opportunity in the season when we were getting close to Chelsea and people were talking about us competing but I sensed throughout the dressing room that we were never quite up there with Chelsea.“But looking at the squad, the manager has an absolute headache to try and pick his best team and we want that going into next season.“We are looking very strong and you never know, he might add a few extra players but we need to be pushing for the Premier League now. There is no excuse.”Walcott admits that being largely restricted to the bench since returning from injury has tested his patience.“Of course (it has been frustrating),” Walcott said.“Any player wants to play. I want to play. I have been out for a long time. The manager was patient, I have been patient myself.“I haven’t expected to be where I was before I got injured. But when given the opportunity, I need to be ready and focused at all times because it is not just about the starting line-up, it is about the whole squad.”-Football365.com0Shares0000(Visited 1 times, 1 visits today) 0Shares0000LONDON, May 18- Theo Walcott claims there is ‘no excuse’ for Arsenal next season: They must challenge for the Premier League title.The Gunners are likely to finish third but are currently 13 points behind leaders Chelsea after Sunday’s 1-1 draw with Manchester United.
Letterkenny has scooped the Connaught/Ulster Regional Award in the Bank of Ireland National Enterprising Town Awards at last night’s gala ceremony in Tullamore.Both Letterkenny and Donegal Town were among the 76 Towns and Villages shortlisted as finalists for these awards with Letterkenny taking the Connaught/Ulster Regional Award.Cathaoirleach of Donegal County Council Cllr. Gerry McMonagle and Mayor of Letterkenny Jimmy Kavanagh attended the awards ceremony along with the Council’s Head of Tourism Barney McLaughlin. They were joined at the awards ceremony by Toni Forrestor CEO of Letterkenny Chamber of Commerce and Ernan and Mary McGettigan from Donegal Town Community Chamber. Pictured at the Bank of Ireland National Enterprising Town Awards in Tullamore on Wednesday 15 November when Letterkenny received the Connaught/Ulster Regional Award are Barney McLaughlin, Donegal County Council, Cllr Jimmy Kavanagh, Mayor of Letterkenny, Toni Forrester, Letterkenny Chamber of Commerce, Cllr Gerry McMonagle, Cathaoirleach of Donegal County Council with representatives from Bank of Ireland.Speaking following the ceremony Cathaoirleach Cllr. McMonagle said that to have two towns from Donegal among this year’s finalists was a major coup for the county and Letterkenny receiving the Regional Award was a great vote of confidence in Letterkenny not only as a centre for businesses but also as a great place to live in.Through this competition Bank of Ireland have identified six key qualities in the most enterprising towns and villages in the country and these are –Attracting large employersKeeping sustainable small businesses goingSecuring investment in local schoolsSupporting community groupsRetaining local amenitiesAnd more than anything, the peopleMayor of Letterkenny Cllr Jimmy Kavanagh was also delighted to see Letterkenny win the Regional Award and paid tribute to the work of Letterkenny Chamber of Commerce who has been to the fore in promoting the business interests in the town for many years. He also acknowledged the strong working relationship between Donegal County Council and the Letterkenny Chamber. Letterkenny triumphs in National Enterprising Town Awards was last modified: November 16th, 2017 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)
Bosses at Mayo’s biggest airport have offered to fly in the Donegal team’s musical mascot free of charge.Following Donegals victory over Mayo in the All Ireland final on Sunday, there was one notable absence from the celebrations up in Donegal for the homecoming.Senegal born Jimmy, who has shot to fame in the song ‘Jimmy’s winning matches’ with Rory Gallagher, was unable to travel over to Ireland for the match and pre and post match performances of the now famous song due to issues with his visa. Ireland West Airport Knock are now offering to come to the rescue and fly Jimmy home for free from Lanzarote on their weekly service with Ryanair.The flight is due to arrive in on Thursday and it would be a fitting tribute for the two Jimmys to meet up and possibly even perform the song in one of the many pubs they will frequent in Donegal in the coming daysDonal Healy, Sales & Marketing Manager, Ireland West Airport Knock said Mayo will swallow its pride on this occasion.‘Despite the fact our airport is located in Mayo we have about 20-30,000 people from Donegal using the airport every year. As a goodwill gesture and as a congratulations to Donegal, we are offering to fly Jimmy home on Thursdays flight from Lanzarote with Ryanair free of charge so he can join in the celebrations with the Donegal team, hopefully he can get his visa sorted in time.” Meanwhile Donegal Senator Jimmy Harte has contacted the Department of Foreign Affairs with a view to reviewing Senagal Jimmy’s temporary via to Ireland. MAYO AIRPORT BOSSES OFFER TO FLY SENEGAL JIMMY IN FOR CELEBRATIONS was last modified: September 25th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalKnock AirportSenegal Jimmy
Cardiff City 2-1 Bristol CityThe Robins suffered a dent to their promotion hopes as they narrowly lost out to the Bluebirds at the Cardiff City Stadium.Peter Whittingham scored a first half penalty to give Neil Warnock’s side the lead before Souleymane Bamba added a second with 25 minutes to play.Lee Tomlin pulled one back for the visitors but it wasn’t enough as the Robins failed to find an equaliser. Nottingham Forest 3-1 Birmingham CityForest moved clear of the relegation zone with a close fought win over the Blues at the City Ground.Goals from Eric Lichaj and Apostolos Vellios looked to have sealed a comfortable win but Lukas Jutkiewicz scored for Gary Rowet’s men to create a nervy ending.But Hildeberto Perreira scored a third goal for Forest late on to seal all three points. Eric Lichaj celebrates scoring for Nottingham Forest 1
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhy these photogenic dumplings are popping up in Los AngelesPrivate-equity firms used to buy a company, overhaul its operations, and then use the cash flow from its improved business to start paying down its debt. The big profits would then come from taking the companies public. But a slow IPO market in 2002 and 2003 caused the buyout firms to rethink how to guarantee themselves fat payouts. That’s when many started to increasingly use something called a dividend recapitalization, which meant the companies borrowed money that they mostly wouldn’t use to invest in the business but to pay themselves back for their initial investment with a dividend. The lower tax hit also made the issuance of dividends attractive. In 2003, the government cut the dividend tax rate to 15 percent, well below the capital gains tax on ordinary income of 35 percent. Such benefits have turned cash-out borrowing into a regular practice. There has been more than $38 billion in dividend recaps so far this year, up from about $7.7 billion in 2004, according to Dealogic. “It lets them recoup their investments, and then some,” said Lehman Brothers accounting and tax analyst Robert Willens. “They can borrow money cheaply, and they put the onus on the lender.” While this is guaranteeing the private-equity firms cash in their pockets, the added debt means higher loan payments, which not every company will be able to manage. That’s especially true in an environment of slowing economic growth and rising interest rates. A new report from credit-rating agency Standard & Poor’s tracked 52 debt deals between 1995 and 2003 that raised money to pay private-equity firms and found that about 6 percent of those loans ended up in default. That compares with a 3.7 percent default rate for all leveraged loans tracked by S&P’s leveraged commentary and data group. That’s a big difference – and what makes those findings worrisome is that it came even before the buyout firms really stepped up the number of dividend recaps that they were doing. Consider the case of Nellson Nutraceutical Inc., which filed for Chapter 11 bankruptcy court protection in January. The maker of energy bars and health supplements was bought in 2002 by private-equity firm Fremont Partners in a $300 million debt-laden deal. It then took on $100 million in loans in 2004, which was largely used for a recapitalization. “Fremont Partners is pleased to be able to provide our limited partners with substantial liquidity on their investment while continuing their full participation in the investment,” Bill Lenihan, a managing director of Fremont Partners, said in a statement when the recapitalization was announced. But while Fremont’s team got its cash, Nellson’s business soon started to crumble amid waning popularity of low-carbohydrate products as well as productivity issues that crimped its margins. When it finally filed for bankruptcy, the company said it had $336 million in debt and $15.7 million in cash on hand. Its bankruptcy filing pegged the company’s 2005 loss at $24 million, due in part to higher interest expense. Fremont did not return a request for comment. The private-equity firm Bain Capital bought KB Toys in 2000, and was subsequently sued by the toy chain’s creditors – which included toy manufacturers and landlords of its stores – after KB filed for bankruptcy court protection in 2004. During those proceedings, KB’s cost-cutting left the toy retailer with about 600 stores and around 7,500 employees, each about half of what KB had when it entered bankruptcy protection. The lawsuit alleged that loans taken out by the company were used to pay Bain and KB executives a $121 million dividend when the company already was struggling to compete with the big discount chains like Wal-Mart Stores Inc. Bain has countered that KB Toys was in good financial shape when the dividend was paid. The case has not yet been resolved. KB emerged from bankruptcy court protection last year, and has new owners. Given how things can go, investors must beware. This really affects anyone who is interested in buying stock in companies backed by buyout firms that have recently gone public or are slated for IPOs. They should check out whether such recaps are happening, and when – the most troublesome are those that happened soon after the initial buyout. S&P, in its study, points out that “dividend recap deals can unravel, despite the best-laid plans for their sponsors, if a company’s business risk suddenly changes and it cannot afford the debt payments necessary to sustain the leverage it has incurred.” It also notes that the bank debt that funds the recaps can carry floating interest rates, which means companies could get stuck with higher interest bills should rates rise. For most Americans, such dealings might seem like a world away. But when jobs get lost or stress is put on the banking system, it could certainly hit home.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! NEW YORK – Next time a big private-equity deal is announced, don’t assume it won’t affect you. How those buyouts are being structured could reverberate across corporate America. That’s because the private-equity firms are piling debt onto the companies they buy, and then often use the cash that the loans generate to enrich themselves rather than putting it toward improving the companies’ financial health. Things could get ugly should that debt grow too big for the companies to handle – not so much for the buyout firms themselves, but for everyone else from workers to suppliers to banks with even the most remote ties to the companies. It’s something to watch for as the buyout business booms, with a total of $404 billion worth of deals done this year, double the pace seen a year ago, according to Dealogic. Among the big buyouts in recent months are hospital-chain operator HCA Inc. and Spanish-language broadcaster Univision Communications Inc.
Carrillo and Pellegrino worked together when the Saints boss was manager at Estudiantes Mauricio Pellegrino is confident Southampton will complete the £19.2million signing of Monaco’s Guido Carrillo.The Argentinian has identified his compatriot, who he also managed at Estudiantes, as the solution to his team’s struggles in the final third, where a lack of goals has made them candidates for relegation.Saints are favourites for Carrillo’s signature over Premier League rivals Crystal Palace, and when asked about the 26-year-old, who is expected to sign a four-and-a-half-year contract, Pellegrino said: “Hopefully we can have good news by tomorrow (Friday).“We are pushing harder and we are working really hard to try to move forward.“We are with confidence because everybody has been working really well and the player wants to come and be part of our squad, but the most important part of the negotiations still are there and we have to continue working.“The main thing (for Carrillo) has been working in Monaco more than two years in the top team, playing Champions League, high level.“He can replace the profile of Charlie (Austin). A big body, can hold the ball, is good in the air and can be good to help us to be stronger.“It’s a plus that I knew him when he was really young. He was 19, at the beginning of his career. Hopefully good news for us in the next two days.“It’s really difficult to sign players at this level, the top level. In one year’s time maybe we can analyse (if he has been a success), but now it’s difficult (to judge).”Southampton also hope to sign Dutch winger Quincy Promes from Spartak Moscow for what would be a club-record £30million, and when asked if they had moved closer to doing so, Pellegrino said: “I don’t know. We are waiting for some answers.“I don’t think (a fee has been agreed).“Still we have another five or six days to keep working and pushing and after we will see.“He’s an important player but there are a lot of players I would like to bring in. He’s one of the players we were following and it’s one possibility.”On Saturday they host Watford in the fourth round of the FA Cup. Shane Long and Maya Yoshida will be available but Austin remains sidelined with a hamstring injury.Sam McQueen faces a late fitness test, while Ryan Bertrand is suffering from flu.On the game, Pellegrino said: “We felt that we are growing in the last three or four games in defence and attack and we have another opportunity to try to move forward. We want to move to the next round.“Obviously we will have an opponent with a new manager (Javi Gracia), new motivation, good players. Something unexpected can happen because we don’t have much information about them.” 1