South Africa’s Climate Adviser Rebuts Report Target to Be Missed
South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its
2023-11-09 19:01
Paige Spiranac responds to Nate Lashley's 'sexist' comment: 'Not my fault people like b***s and golf'
Paige Spiranac shared a video for her fans on Twitter to remind them that she could play golf too
1970-01-01 08:00
UEFA to prevent clubs spreading cost of transfers with lengthy contracts
Chelsea and other European clubs will no longer be able to spread a transfer fee across more than five years of a player’s initial contract after UEFA closed a loophole in its regulations. The Blues have signed a number of players on lengthy deals over the last two transfer windows, including handing eight-and-a-half-year contracts to Enzo Fernandez and Mykhailo Mudryk in January. The transfer fees are then spread evenly over the course of that contract, meaning the longer it is, the smaller the annual payments recorded on the club’s accounts. For instance, a £100million fee would be amortised at £20million a year with a five-year contract, but at only £12.5m a year if a deal was eight years. There is still nothing in the rules – which come into force from July 1 – preventing a club from spreading the cost by extending a contract, but for amortisation purposes that extension itself could not be for more than five years either. Clubs can still sign players to longer contracts if their national associations allow it, but the cost of the transfer fee must be amortised over the first five years unless the contract is extended. UEFA said the new regulations would not apply to deals already done, but would “ensure equal treatment of all clubs and improve financial sustainability”. European football’s governing body has also moved to prevent clubs colluding to inflate the value of players for accounting purposes. This follows the capital gains scandal involving clubs in Italy, which led to the entire Juventus board resigning in November last year. Clubs must assess whether a transaction counts as a straight swap, in which case it must be accounted for in line with international standards. International Accounting Standard (IAS) 38 states that if it is not possible to calculate the fair value of a player, profit on a sale cannot be recognised. UEFA confirmed Lisbon’s Jose Alvalade Stadium would host the 2025 Women’s Champions League final, and announced plans for a minimum standards framework for women’s national teams to ensure equality of player welfare standards and travel and training conditions. UEFA said the detail would be announced in due course. The 2024 and 2025 Europa Conference League finals are set to be staged in Athens and Wroclaw in Poland respectively. The Athens venue is a new arena, so will be assessed during AEK Athens’ European competition matches and Greece’s Euro qualifiers before being confirmed officially in December. Europe’s third-tier men’s club competition will be rebranded as the UEFA Conference League from 2024-25, dropping the word ‘Europa’ from its title following research among fans and commercial partners to further distinguish it from the Europa League. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Jonny Bairstow steals the show at Lord’s – Wednesday’s sporting social Everton to consult with fans about potential midseason stadium switch in 2024-25 Josh Tongue enjoys taste of Ashes but Australia in control at Lord’s
2023-06-29 00:34
DeSantis is angling to run to the right of Trump on abortion, guns and more
Florida Gov. Ron DeSantis has said little publicly about the six-week abortion ban he signed this year or about former President Donald Trump.
2023-05-18 19:00
Donna Kelce's 'it was OK' meeting Taylor Swift at Travis Kelce's game comment receives hilarious reactions
Taylor Swift and Donna Kelce were seen hugging at Travis Kelce's game
2023-10-07 02:35
Russia charges leader of a prominent election watchdog
Russian authorities have charged one of the leaders of a prominent independent election monitoring group with being involved with an “undesirable” organization, his lawyer says
2023-08-18 03:17
Tesla rolls out global customer referral program as EV price war heats up
(Reuters) -Electric-vehicle maker Tesla rolled out a new program globally allowing buyers to earn extra incentives through referrals from existing
2023-07-07 20:48
Is Fortress Control Getting Removed from MW2 Ranked Play?
With the addition of Himmelmatt Expo, Fortress Control could be leaving Modern Warfare 2 Ranked Play due to its boring, frustrating, and impossible play style.
1970-01-01 08:00
Fed's long-term GDP outlook is dismal; the economy hasn't got the message yet
By Howard Schneider WASHINGTON After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the
2023-08-21 18:12
Getaway Car 2.0! Here's why Taylor Swift fans believe 'romance' with Matty Healy is doomed
The 1975's Matty Healy and Taylor Swift were spotted 'kissing' while out in New York City, sending fans into a frenzy
1970-01-01 08:00
Joe Rogan reveals how Jessica Ditzel convinced him to get married: 'I'll sign a silly legal contract'
Joe Rogan is famously not a fan of the institution of marriage but after Jessica Ditzel gave birth to his baby, he decided to take the plunge
2023-06-15 21:20
Ian Happ homered twice to help Cubs rout Reds 16-6
Ian Happ homered twice and the Chicago Cubs easily overcame an early deficit to beat the Cincinnati Reds 16-6 on Wednesday night
2023-08-03 11:16
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