China’s economy is showing little sign of a rebound, with fresh stress in the property market and deflation

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The Premier League and the Professional Footballers’ Association have signed off on a new five-year partnership agreement starting next season which is understood to be worth around £125million. The bodies agreed a one-year deal last summer for the 2022-23 campaign which was worth £24.94m, an increase of £1.9m on the annual value of the previous three-year deal which ran from 2019 to 2022. The new deal is understood to be broadly similar to the one-year agreement covering the current Premier League season. Both sides were keen to seal a longer-term agreement on funding which was why an interim deal was put in place last year. Some of the money under the agreement will be put towards projects the Premier League and the PFA co-fund and some of it will be spent at the discretion of the PFA. Premier League chief executive Richard Masters said: “We are delighted to renew our partnership with the PFA and extend our long-term commitment of support for a further five years. “The PFA carries out vital work to support players in the Premier League and throughout the game. We share the ambition of ensuring that they have the support they need to successfully navigate the highs and lows of professional football and are prepared for life after their playing career. “We look forward to our continued work with the PFA on player welfare, as well as a range of other important programmes within communities and those which help improve diversity among coaches.” His PFA counterpart Maheta Molango said: “This new long-term agreement recognises the crucial role the PFA continues to perform as the players’ union. “The new deal will support the wide range of services that the PFA provides to its members. It will also ensure the continuation of the successful projects across the game that are co-funded by the Premier League and the PFA. “The length of this new agreement reflects the positive and collaborative relationship that has been established between the Premier League and the PFA. It ensures that we will be able to work as partners on shared priorities. “Crucially, it also means that when there are issues that do need to be addressed on behalf of players, we will work constructively to achieve solutions.” The partnership will help to support programmes such as the Professional Player to Coach Scheme, which aims to increase the number of black, Asian and mixed heritage players who transition into full-time coaching roles in the professional game. As well as campaigning and lobbying on behalf of its members, the union works to support former players and their families after a dementia diagnosis, supports current and former players experiencing mental health and well-being issues and offers advice and support to young players after their release from the academy system. The union also supports players reaching the end of their professional playing careers by providing counselling where needed, education and training services. It also represents players’ interests on other matters which directly affect them, such as cost control measures across the domestic and European game and how player data is used. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live ‘Nobody really knows what I can do’ says fit-again Aspinall Henrik Stenson resigns from DP World Tour after fines for LIV rebels Sam Allardyce hoping fear of relegation helps drive Leeds to safety

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Fernando Alonso hopes he can take advantage of Max Verstappen’s inconsistent starts to end his 10-year wait for victory at Sunday’s Monaco Grand Prix. The evergreen Alonso, 41, lines up behind Verstappen following an exhilarating qualifying session in the sun-cooked principality. Home favourite Charles Leclerc will be third on the grid for Ferrari, with Lewis Hamilton and George Russell sixth and eighth respectively in their revamped Mercedes machines. Alonso took his last pole at the 2012 German Grand Prix, but he looked destined to end his 3,961-day losing streak when he moved to the top of the time charts in the closing stages. Verstappen was the only driver who could spoil the dreams of Alonso, and his Aston Martin mechanics, who had already celebrated wildly in the belief that their man had captured pole. Verstappen trailed Alonso by two tenths before he delivered a mesmerising final sector on the most famous streets in Formula One to take pole by just 0.084 seconds. “We will try to win,” said Alonso, who claimed his 32nd and final victory in Spain a decade ago. “We need some help from Max but I am not going to take it for granted. “It’s a very short run into Turn 1. We normally have a good start. Max is a bit inconsistent, so maybe he has one of those bad ones tomorrow.” Qualifying is crucial in Monte Carlo given how troublesome it is to pass at this tight and twisty venue. However, the omens are encouraging for Alonso. In the last seven years, the driver starting from second has won on more occasions than the man on pole. The last time Alonso started a race in Monaco from the front row – back in 2007 – he won. Rain could also be a factor. A victory for Alonso would be a popular one in the sport. But Verstappen’s team has won every race this season, and the Dutchman’s Red Bull is so often imperious over the course of a race distance, rather than a single lap. “I would like to see Fernando win,” admitted Verstappen. “But I would like to win, too, so we will see. “In qualifying you need to go all out and risk it all. My first sector wasn’t ideal in my final lap and I was a bit cautious, but then I knew I was behind so in the last sector I just gave it everything I had, clipping a few barriers along the way.” Further back, Mercedes were banking on their much-anticipated upgrade providing them with a springboard to challenge the grid’s all-conquering Red Bull team. But on its grand unveiling here, Hamilton was at odds with his new car. Hamilton, who earlier crashed in final practice on Saturday following a mistake at the right-hander Mirabeau, missed the chicane in the opening stage of qualifying – only avoiding an early bath with his final lap – before scrambling into Q3 after he grazed the wall at the swimming pool chicane. “Man this car is hard to drive,” said the seven-time world champion, who also reported there was “something wrong” with his right-rear suspension. He eventually finished 0.360 secs behind Verstappen, with team-mate Russell six tenths adrift. Sergio Perez is Verstappen’s closest championship challenger, but the Mexican will start Sunday’s 78-lap race at the back of the pack after he crashed out of qualifying. The running was just six minutes old when Perez – 14 points adrift of Verstappen in the standings – carried too much speed through the opening Sainte Devote corner and thudded into the wall before coming to a standstill in the middle of the circuit. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Max Verstappen fends off Fernando Alonso to take pole position in Monaco Lewis Hamilton: Racist abuse of Vinicius Junior really hits home for me Bernie Ecclestone would be surprised if Lewis Hamilton wanted to leave Mercedes

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