
Valentino Chairman Gives Gloomy Outlook for Luxury Sector
The luxury industry’s troubles are mounting, with US department stores struggling and China failing to live up to
1970-01-01 08:00

Michael Saylor’s MicroStrategy Spends $150 Million to Add to Bitcoin Stockpile
MicroStrategy Inc., the company best known as the largest publicly traded holder of Bitcoin, added to its hoard
1970-01-01 08:00

Bradley Carnell remarks on unforgettable first season in MLS with St Louis City
St Louis City have experienced a terrific first season in MLS.
1970-01-01 08:00

Four takeaways from Real Madrid's derby defeat to Atletico
Four takeaways from Real Madrid's derby defeat to Atletico Madrid at Estadio Civitas Metropolitano on Sunday evening in La Liga.
1970-01-01 08:00

5 breakout fantasy football stars to pick up for Week 4
A pair of Texans and the top scorer of the week highlight the best fantasy football pickups for Week 4.
1970-01-01 08:00

City of London Watchdogs to Ask Firms for Diversity Plans
UK regulators want to boost diversity and inclusion in the financial services sector by requiring firms to set
1970-01-01 08:00

Bond Market Is Adjusting to ECB’s Higher-for-Longer Pledge
The European Central Bank’s message that interest rates will stay higher for longer is finally sinking in with
1970-01-01 08:00

Hollywood Screenwriters Reach Deal to End Five-Month Strike
Striking Hollywood screenwriters reached a tentative new labor agreement with studios including Walt Disney Co. and Netflix Inc.,
1970-01-01 08:00

£1bn spent and counting — so why do Chelsea just keep getting worse?
Defeat to Aston Villa at Stamford Bridge was the final straw for Todd Boehly. With Chelsea languishing in the lower half of the table, he sacked the manager he had appointed, the one who was supposed to promote younger players and propel some of his many signings to glory. Not Mauricio Pochettino this week, but Graham Potter in April and, in a ruinous reign, dismissing the Englishman is one of the few decisions that Boehly and Clearlake Capital have got right; appointing Potter, however, ranked high and early among the many mistakes. Since his departure, however, Chelsea have only beaten Bournemouth, AFC Wimbledon and Luton. They have scored 16 goals in 19 games, two of them against a League Two side. In the Premier League this season, they have only outscored Luton and Burnley, who both have a game in hand. Meanwhile, Chelsea’s spending in little over a year has careered past £1bn. The only people to have spent more while failing disastrously and yet congratulating themselves are Liz Truss and Kwasi Kwarteng. Pochettino’s slow start, with an encouraging second half against Liverpool on the opening weekend looking like a false dawn, has to be placed in the context of Chelsea, and this Chelsea. Callum Hudson-Odoi, offloaded by Chelsea on the cheap, scored on his Nottingham Forest debut last week, just as Christian Pulisic had struck in his first two matches for AC Milan whereas, 22 games into his Blues career, the £88m signing Mykhailo Mudryk is still to open his account. The loaned-out Romelu Lukaku has scored in three games in September for Roma whereas, after three games this month, Chelsea are yet to find the net themselves. Nicolas Jackson has provided different problems: some for opposing defences with his pace, more for Chelsea with his profligacy and indiscipline. The Senegalese was a quixotic choice to spearhead a goal-shy team: he finished last season with nine goals in eight matches for Villarreal but only had four in the preceding 30 and almost joined Bournemouth in January. For Chelsea, he is the Premier League’s greatest expected goals underachiever – one goal from an xG of 4.18 – and has a 5.26 per cent chance conversion rate. Only Erling Haaland has missed more big chances in the Premier League, but with the notable difference that the Norwegian is also leading the race for the Golden Boot and, indeed, has more league goals than Chelsea in the Boehly era. If Chelsea have somehow spent a fortune without acquiring lacked a prolific striker, they will be without a wasteful one for next week’s derby with Fulham: Jackson is banned after becoming the first player in the division to accumulate five bookings. That two of them were for waving imaginary yellow cards is an illustration that Chelsea’s plans tend to backfire, often ignominiously. And yet the burden on the raw Jackson has been too great; his record renders his struggles unsurprising. Christopher Nkunku, the Bundesliga’s top scorer last season, looked a genuine coup of a signing. Except that an injury-prone player has been sidelined since the summer. There are times when it seems Chelsea’s recruitment strategy is to sign the injury-prone; the £70m defender Wesley Fofana has a second major injury since joining. They made the injury-prone Reece James captain. He promptly got injured. His £30m deputy Malo Gusto was sent off against Villa. So Chelsea are now short of a right-back. Yet, despite an unprecedented spending spree, Pochettino has often found himself lacking compelling options. At various points this season, his bench has included Lucas Bergstrom, Alfie Gilchrist, Alex Matos, Ronnie Stutter, Eddie Beach, Mason Burstow, Bashir Humphreys and Diego Moreira. The unknowns are scarcely game-changers. Meanwhile, his team has never included the £58m Romeo Lavia, who has been injured. Elsewhere in a midfield of unprecedented cost, the £115m record signing Moises Caicedo conceded a penalty on his debut at West Ham and made the mistake for Nottingham Forest’s winner. The argument made in Chelsea’s defence is that it will take time for players to settle and that, with the youngest team in the division after a clearout of the experienced, they are building for the future. It is true, but only up to a point. Pochettino only has a two-year contract, for instance. Chelsea can amortise fees in the books over never-ending contracts but they still need to pay the selling clubs the sizeable fees they agreed to pay. And so far, no one has got better and no one’s value has increased. Meanwhile, can Chelsea afford to wait for this increasingly imaginary future? They are already nine points behind fifth place, four adrift of every other major contender for a top-four finish. They have no revenue – broadcast or matchday – from European football and, in a major failure, no shirt sponsor. They are raising prices for fans; by doing so to compensate for their own reckless overspending and terrible decision-making while providing them with an inferior product suggests they are football’s answer to Elon Musk. Meanwhile, they stumble on. Logically, with a manager of Pochettino’s calibre, with talented if at times mismatched players, with footballers of potential, it will get better. But logically, they should never have plumbed such depths at all. And so Chelsea’s quest for a first goal of September continues against in the Carabao Cup against Brighton, having taken their manager, coaching staff, head of recruitment, player of the year, goalkeeper and, for a record-breaking price, their midfielder for a combined sum of around £250m. And now Brighton are 11 places above Chelsea in the table. Read More Chelsea misery continues as Aston Villa increase discontent at Stamford Bridge Mohamed Salah’s record form is justifying Liverpool’s £150m transfer gamble Why Jonny Evans and band of Manchester United misfits are a genuine feel-good story Chelsea misery continues as Aston Villa increase discontent at Stamford Bridge Chelsea vs Aston Villa LIVE: Latest Premier League updates Odegaard signs and De Roon reveals all – Friday’s sporting social
1970-01-01 08:00

Nike Drops as Jefferies Cuts on Consumer Squeeze, China Woes
Nike Inc. faces a risk from slower spending by US students, in addition to ongoing Chinese headwinds, according
1970-01-01 08:00

5 NBA free agents EuroLeague teams should consider
Kemba Walker and Jabari Parker were the two marquee NBA names to join EuroLeague teams this summer, but plenty of NBA free agents remain that EuroLeague front offices should be keeping an eye on. Here’s our ranking of the top five.
1970-01-01 08:00

Sarina Wiegman says England clash with her native Netherlands ‘very special’
England boss Sarina Wiegman admits it will be “very special” when her side take on her native Netherlands in Tuesday’s Nations League contest in Utrecht. Wiegman played for the Dutch national team before overseeing their Euro 2017 win on home soil and finishing as runners-up at the 2019 World Cup in France. The 53-year-old, who has subsequently matched those managerial achievements with England, told a press conference that being back in her home country with the Lionesses was “very nice, a little bit strange too – of course I have some memories here”. She added: “I’m really looking forward to tomorrow. It’s just very special to be here and to play the opponents. “Of course we know each other really well, I know the staff, most of the staff didn’t change that much, or the players. Lots of people will be in the stands that I know.” The match is England’s second in Group A1 after they beat Scotland 2-1 in Sunderland on Friday, when the Netherlands opened their campaign with a 2-1 loss away to Belgium. Wiegman said: “We had a good review on the (Scotland) match. “We want to do a couple of things a little better, and keep doing the things that we did really well, bring that to the next level too – that’s what we talked about, and then tomorrow we go again. “I think if you look at the stats against Belgium they (the Netherlands) had pretty good stats. You see how the game developed and they were a little bit unlucky, and Belgium took advantage of that. “Of course they want to do well because their goal also is to come first in the group, so with the first loss they really want to do well tomorrow and have a good result. That is what we expect.” The Nations League offers two qualification places for the Paris 2024 Olympics, with England the nominated home nations team aiming to secure a spot for Great Britain. To do that they will need to win their group to advance to the Nations League’s last four, and then reach the final, or come third should France make the final. Wiegman said she had every member of her squad available for Tuesday’s game, including Alessia Russo, who sat out the Scotland contest – she had joined the group later than others following some recuperation, having played in Champions League qualifying matches for Arsenal earlier this month. Wiegman was joined at the press conference by Russo’s fellow forward Lauren Hemp, scorer of England’s second goal against Scotland. The 23-year-old Manchester City player said of the Dutchwoman: “Sarina is a fantastic coach. Ever since she got the job I feel like she’s taken this team to a whole new level, and for me personally I’m learning every single day. “I feel like I’m getting so much better and feeling so much more confident as the days go by under Sarina. She’s unbelievable.” Meanwhile, Wiegman has paid tribute to Megan Rapinoe after the two-time World Cup winner, who has been an influential figure in the women’s game both on and off the pitch, played her final game for the United States before retirement, a 2-0 win over South Africa. Wiegman said of Rapinoe’s legacy: “I think she is one of the most important players. I think the US were the trailblazers in women’s football, and also (for) the position of women in society. “I think we should be all very thankful for what she leaves behind. I have so much respect for her.” Of her own players driving change, she added: “I think this group of women are very conscious of society too and using the platform in a positive way to change society. “They are so outspoken and well spoken, they articulate themselves so well.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Axed Jason Roy urged to remain positive with World Cup role still a possibility ECB unable to commit to equal pay targets for England men and women Johnny Sexton insists Ireland are looking no further than crucial Scotland clash
1970-01-01 08:00