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SEC Says WeWork Options Plot Failed on Botched Press Release
SEC Says WeWork Options Plot Failed on Botched Press Release
The US Securities and Exchange Commission accused a strip mall owner of a botched attempt to profit by
1970-01-01 08:00
Premier League hit back at Andy Burnham ‘regulatory malpractice’ claim over Everton saga
Premier League hit back at Andy Burnham ‘regulatory malpractice’ claim over Everton saga
The Premier League have hit back at Andy Burnham’s claims that they are guilty of “regulatory malpractice” and “abuse of process” by deducting Everton 10 points, insisting that they “entirely refuted his allegations.” Burnham – the mayor of Greater Manchester and an Everton season-ticket holder – last week wrote an open letter to Premier League chair Alison Brittain in which he said there had not been a fair process when enforcing the deduction. Everton were deemed to have breached Profit and Sustainability Rules by an independent commission, which determined they had losses of £124.5m over three years – £19.5m over the permitted threshold. But Burnham, a former Secretary of State for Health, was critical of the Premier League for adopting a sanctions policy in August, after Everton had been charged and before their case was heard. “The fact that the Premier League sought to introduce a new sanctions policy in the middle of this process amounts, in my view, to an abuse of process,” he wrote. “It could be argued that the Premier League handing a new penalty regime to the commission in this way is akin to the Government handing new sentencing guidelines to a judge in the middle of a trial. Any right-minded person would see that as an inappropriate attempt to influence the process.” However, The Telegraph and The Daily Mirror are reporting that Brittain has written a three-page letter in response to Burnham that lays out the organisation’s process around the decision and refutes all allegations of impropriety. She explained that the Premier League do not have a set sanction in place because a fixed penalty would hinder the ability of the independent panel to display any discretion or take mitigating circumstances into consideration. And she claims that having no fixed sanction actually provided a greater threat. Brittain went on to say that a commission hearing a case independently invites submissions from both sides on appropriate sanctions and added that Premier League clubs were asked about the potential introduction of a fixed set of sanctions in 2020 but the consensus feedback among the 20 at the time – Everton included – was not to impose any. The two major offences for which the Premier League does have fixed sanctions are a nine-point deduction for clubs entering administration and a 30-point deduction for clubs seeking to join an unsanctioned competition – a la the European Super League plans in 2021. Brittain also detailed that the Premier League worked closely with Everton during the period of the club’s breach and that they ignored clear warnings over their spending, opting not to stop buying players that put them in breach of profit and sustainability rules. Burnham insisted that his open letter was in his capacity as an Everton season-ticket holder, rather than a politician, while he has also claimed that Sky Sports pulled an interview with him ahead of the Toffees’ clash with Manchester United on Sunday. Sky responded to that complaint by insisting they have presented a balanced view of the situation throughout and the Premier League confirmed they have not requested any interview to be pulled. Everton have announced plans to appeal against the 10-point deduction and wider verdict, which they have called “wholly unjust”. Read More Defender Manuel Akanji admits Man City made ‘a lot of mistakes’ against Leipzig Rodrigo Bentancur set to be out until February after tearing an ankle ligament Jimmy Floyd Hasselbaink wants aspiring black managers to get ‘a fair chance’ Former Sheffield United and Everton defender Phil Jagielka announces retirement VAR costing ‘livelihoods and reputations’ fumes Wolves boss after latest problems What is VAR, how does it work and what are the biggest problems?
1970-01-01 08:00
Nigeria Debt Costs Pressure Social Spending in 2024 Budget
Nigeria Debt Costs Pressure Social Spending in 2024 Budget
Nigeria will spend at least six times more on servicing its debt next year than on building new
1970-01-01 08:00
Man Utd set to face Galatasaray in Champions League despite bad weather
Man Utd set to face Galatasaray in Champions League despite bad weather
Manchester United’s match at Galatasaray is set to go ahead after bad weather throughout the day in Istanbul had put the Champions League clash in doubt. Relentless rain has been falling in the Turkish city throughout the day and there are concerns over the state of the pitch at Rams Park. A statement from UEFA said: “We are closely monitoring the weather forecast and at this time the match will go ahead as scheduled.” United and Galatasaray arrived as planned, beginning their warm-ups as scheduled. Erik ten Hag’s men go into the match bottom of Group A having lost three of their four games so far in this season’s competition, and without a win away to Galatasaray in their last three visits. Galatasaray twice came from behind to win 3-2 when the sides met at Old Trafford in October, with Mauro Icardi scoring an 81st-minute winner after United midfielder Casemiro had been sent off. Read More Judd Trump marches into UK Championship quarter-finals Steve Borthwick ‘fully behind’ Owen Farrell’s break from international rugby Luke Donald humbled by players’ support for his return as Ryder Cup captain
1970-01-01 08:00
NBA Power Rankings: The NBA’s 10 best young cores
NBA Power Rankings: The NBA’s 10 best young cores
The vast majority of contenders are comprised of veterans, but the next wave of title chasers is already shaping up. These are the 10 best young cores in the NBA.
1970-01-01 08:00
NBA-Mavericks coach abandons press conference after spat with reporter
NBA-Mavericks coach abandons press conference after spat with reporter
Dallas Mavericks coach Jason Kidd cut his press conference short after criticising the media for being negative about
1970-01-01 08:00
Galatasaray vs Man Utd LIVE: Champions League team news and line-ups as Rasmus Hojlund starts
Galatasaray vs Man Utd LIVE: Champions League team news and line-ups as Rasmus Hojlund starts
Manchester United travel to Turkey to face Galatasaray in a vital Champions League group stage clash as they look to salvage their withering campaign in Europe’s top competition. Defeat to Copenhagen last time out has put Erik ten Hag’s men firmly on the back foot and it is likely that they will need to win both of their final group games in order to reach the knockout rounds. The first of those matches is against Galatasaray, who defeated United 3-2 at Old Trafford in the reverse fixture. The second match, and last of the group stages, is against Bayern Munich. The Bundesliga champions have already secured their spot in the next round and have won every one of their four games so far. Copenhagen, meanwhile, are in second place thanks to a better goal difference than Galatasaray with United only a point behind both. Defeat tonight though would eliminate Ten Hag’s men from the competition and the best they could hope for would be a spot in the Europa League. Follow the action below plus get all the latest odds and tips for the match right here:
1970-01-01 08:00
Most Canadian financial institutions skeptical on digital C$ -BoC
Most Canadian financial institutions skeptical on digital C$ -BoC
OTTAWA (Reuters) -Most financial institutions consulted by the Bank of Canada (BoC) expressed skepticism about the benefits of a potential
1970-01-01 08:00
NFL Week 13 2023: 3 teams on upset alert this Sunday
NFL Week 13 2023: 3 teams on upset alert this Sunday
Week 12 featured a full slate of games and more than a few surprises. Which favored teams need to be at their best this Sunday?
1970-01-01 08:00
Updated In-Season Tournament Bracket after pool play
Updated In-Season Tournament Bracket after pool play
The league has just finished the first stage of the inaugural NBA In-Season Tournament. Who is still in after group play?
1970-01-01 08:00
Bad weather puts Man Utd’s Champions League match at Galatasaray in doubt
Bad weather puts Man Utd’s Champions League match at Galatasaray in doubt
Manchester United’s Champions League match at Galatasaray is under threat from bad weather in Istanbul. Heavy rain has been falling in the city throughout the day and there are concerns over the state of the pitch at Rams Park. A statement from UEFA said: “We are closely monitoring the weather forecast and at this time the match will go ahead as scheduled.” United go into the match bottom of Group A having lost three of their four games so far in this season’s competition, and without a win away to Galatasaray in their last three visits. Galatasaray twice came from behind to win 3-2 when the sides met at Old Trafford in October, with Mauro Icardi scoring an 81st-minute winner after United midfielder Casemiro had been sent off. Read More Longer rounds should mean bigger payday, says Natasha Jonas Luke Donald humbled by players’ support for his return as Ryder Cup captain Exeter’s Rob Baxter urges football law-makers to be careful over sin-bins trial
1970-01-01 08:00
Professor Chaos: Kirk Ferentz wants to end Michigan's College Football Playoff dreams
Professor Chaos: Kirk Ferentz wants to end Michigan's College Football Playoff dreams
Kirk Ferentz's Iowa Hawkeyes are massive underdogs to Michigan in the Big Ten Championship, but that is not going to stop him from trying to play spoiler and ruin the Wolverines' season and end their College Football Playoff dreams.
1970-01-01 08:00
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