Shah Rukh Khan may buy 50 per cent stake in football league champs Dempo: Report

first_imgCola major Pepsi may have switched tacks to football from cricket with their ‘Change the Game’ ad blitz, now actor Shah Rukh Khan looks set to follow suit.Media reports said the Bollywood superstar is likely to buy a 50 per cent stake in Dempo of Goa, the champions in India’s football league, the I-League.Dempo club owner Shrinivas Dempo was quoted as saying talks were on with Shah Rukh. If the actor does invest in football, the game will win a major ambassador which could do wonders for the game, feel fans.Shah Rukh’s Indian Premier League team, the Kolkata Knight Riders, won the fifth edition of the T20 tournament recently.Football has a massive following in West Bengal, Kerala, the North East and Goa. The English Premier League has brought attention back to football in India’s urban centres and the Euro 2012 is just round the corner.last_img read more

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Corporate czars go on stake sale spree to cut debt and raise funds for expansion

first_imgThe debt bomb blast has shaken several corporate czars. Kishore Biyani, touted as the king of Indian retail, is planning to sell stakes in non-core businesses to cut debt and raise funds for expansion. Industrialist Tulsi Tantipromoted Suzlon Energy and liquor baron Vijay Mallya-led Kingfisher Airlines are among other firms looking to reduce debt by selling off assets.The debt of big corporates is estimated to have risen by 50-60 per cent from a year ago, and the most worrisome factor is most of them will not be successful in selling off assets unless they are “distress sales”, analysts say. “Future Group is looking to exit completely from Future Generali while retaining a controlling stake in other subsidiaries. So, in other subsidiaries, the group will opt for a minority stake sale. The group is in various stages of discussions with buyers, potential partners and private equity firms,” a company source said on condition of anonymity.Biyani Group is in talks with a couple of insurance firms to sell its stake in Future Generali, a general insurance firm in which it holds 74 per cent stake with Italy’s Generali Group having the remaining 26 per cent.”Apart from the market conditions, Biyani’s aggressive build-up of franchisees across the country expecting foreign direct investment (FDI) in retail is one of the main reasons for the debt on books. But he will be able to manage it by selling off some of its noncore businesses like the insurance venture,” Deven Choksey, managing director, K.R. Choksey, said.advertisementThe group, which has a debt of about Rs1,800 crore after the recent sales are in taken on books, is also planning to sell a part of its stake in subsidiaries Future Supply Chain Solutions and Hometown. Besides, it is looking for a partner in its electronics retailer, e-Zone, and form a joint entity. Subsequently, it will offload a stake in the joint entity.”For companies with high debt, it is a near-panic situation. As the market conditions are not conducive, the easiest way will be to sell off assets that do not contribute to the main business of the company,” Kishor P. Ostwal, chairman and managing director, CNI Research, said.Kingfisher Airlines has a debt of Rs7,000 crore and Mallya hopes to sell stake in Mangalore Chemicals and Fertilisers and UB Holdings among others. According to reports, he also wants to offload stake in sporting teams (F1 and Indian Premier League), and United Holdings among others.”Kingfisher was too much focussed on building a topline and brand expecting the sector to be opened up to foreign investors. The uncertainty over FDI is what has impacted the airline,” Choksey added.Suzlon Energy, with a debt of about $2 billion (Rs 11,000 crore), wants to sell some “non-critical” assets in this financial year to reduce some of its debt. The world’s fifth largest wind turbine maker had posted loss of Rs479 crore in FY12, its third in a row.Suzlon needs repay $360 million of foreign currency convertible bonds maturing this month and $207 million due in October. It will have to redeem the bonds as their equity conversion prices are way above the current value.”The companies with debt should succeed in selling noncore assets as there are a lot of cash-rich firms scouting for opportunities. But, pricing would definitely be the issue,” Ostwal added.last_img read more

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NBA: Vince Carter hopes Raptors will retire his jersey

first_imgVince Carter. INQUIRER.net file photoIt seems so long ago when Vince Carter put on one of the most memorable aerial performances of all time, during the 2000 NBA Slam Dunk contest.Seventeen years removed from his stunning display of athletic prowess, the man once dubbed “half-man, half-amazing” is still in the league, doing what he loves the most.ADVERTISEMENT View comments MRT 7 on track for partial opening in 2021 RELATED STORY:Vince Carter biopic to be shown at Toronto film festSports Related Videospowered by AdSparcRead Next Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Doctor: Hernandez’s brain was severely damaged by disease Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Malditas save PH from shutout LATEST STORIES Now at 40 years and entering the twilight of his storied career, Carter shared aspirations of having his jersey immortalized at the place where it all began.After suiting up for seven different teams in 20 seasons, Carter expressed his desire to have his number retired by the Toronto Raptors.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening“Of course, I’d like for [the Raptors] to retire my jersey. You’d always like your jersey retired. That is where it’s started,” the veteran wing player said in a diary entry for The Undefeated’s Marc J. Spears.“There have been talks about it. People talk about it, and I’m very thankful for it. But for me, I try my best not to think about it because I am still of service in this league,” he added.center_img After 30 years, Johnlu Koa still doing ‘hard-to-make’ quality breads MOST READ The Fatted Calf and Ayutthaya: New restos worth the drive to Tagaytay Carter, who donned the Raptors’ colors from 1998 to 2004, is credited for elevating the expansion franchise to new heights and boosting the sport’s popularity in Canada.Although he failed to secure a title for the Raptors, he was named 1999 Rookie of the Year, made five All-Star Game appearances, and was also named to an All-NBA Team twice while on the team.However, his willingness to pursue a championship resulted into a less than amicable exit with the franchise in 2004, when he was traded to the then-New Jersey Nets.Still, “Air Canada” considers Toronto his home, and would like to honor those memories when he decides to hang up his sneakers for good.“At the end of the day, every player’s end result is to see their jersey hanging in the rafters somewhere. That is where it started. Hopefully I will get that opportunity,” he said. Khristian Ibarrola/JBADVERTISEMENT ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Don’t miss out on the latest news and information. Palace: Robredo back to ‘groping with a blind vision’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Gameslast_img read more

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Mayweather says he ‘carried’ McGregor through 10 rounds, rips De La Hoya in new rant

first_imgAfter 30 years, Johnlu Koa still doing ‘hard-to-make’ quality breads Abueva, Teng lead Alaska rout of Rain or Shine in preseason Malditas save PH from shutout LATEST STORIES In a now viral rant posted by FightHype.com, the 40-year-old undefeated slugger claimed that he intentionally made himself look vulnerable against the Irish fighter, suggesting he could have ended the fight much sooner.“Everybody trying to protest the Mayweather/McGregor fight, but I’m gonna tell you all the truth,” said Mayweather. “You know I carried McGregor. You know I made it look good for you all.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingHis bold proclamation comes after the scorecard indicated that McGregor won the first three rounds of their bout.Pundits, however, have long speculated that the elusive defensive tactician actually gave the early rounds in an effort to tire McGregor. ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Sports Related Videospowered by AdSparcRead Next The Fatted Calf and Ayutthaya: New restos worth the drive to Tagaytay MRT 7 on track for partial opening in 2021 Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Gamescenter_img Floyd Mayweather Jr. hits Conor McGregor in a superwelterweight boxing match Saturday, Aug. 26, 2017, in Las Vegas.  AP Photo/Isaac BrekkenAlthough Conor McGregor came out on the losing end during his match against Floyd Mayweather Jr. last August, fight fans lauded the UFC superstar for lasting 10 rounds against a certified boxing legend.But if Mayweather’s latest verbal tirade is true, “Money” actually took it easy against the mixed martial artist, to make the fight much more appealing to the fans.ADVERTISEMENT MOST READ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Don’t miss out on the latest news and information. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Apart from ripping McGregor, Mayweather also set his sights on former opponent Oscar De La Hoya for his supposed “hypocrisy.”Prior to the “Fight of the Century,” De La Hoya was vehemently against the crossover fight, calling it “bad for boxing.”“Wasn’t Oscar De La Hoya the same one trying to protest and stop the fight?” the brash Mayweather quipped. “Now, he trying to fight Conor McGregor. Is he a hypocrite or is he back on coke again?” /raCheck out the full clip below. ADVERTISEMENT View comments Jordan delivers on promise: 2 Cobra choppers now in PHlast_img read more

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Scalpers turn to online after crackdown during UAAP Finals

first_imgThe UP crowd during the UAAP Finals Game 2. Photo by Tristan Tamayo/INQUIRER.netPolice heightened its efforts against ticket scalping on the wake of reports that tickets were hard to come by, even for players competing in the UAAP Finals. Enterprising scalpers, however, still found a way to profit off their illegal activities: Going online.“Usually, we deploy around 50 members of the force,” police inspector Nolasco Sangangbayan said, but was quick to add that the number of cops was increased for Wednesday’s Game 2 between Ateneo and University of the Philippines was to ensure the safety of the spectators more than to clamp down on ticket scalping.ADVERTISEMENT Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Tickets have not been available from online portal since Saturday, a representative at the Araneta Coliseum told the Inquirer. General Admission and Upper A tickets were eventually put on sale a couple of hours before tipoff.For the other sections, a lot of tickets were resold online.“I got mine through a friend who asked me to deposit via mobile banking,” Ally, who asked for her name to be withheld, told the Inquirer. “The electronic tickets set me back by P800 each.” Both tickets were for upper box B seats.A die-hard fan who never missed a UP game, even during the Maroons’ doormat years, Ally revealed that she banked on the services of a scalper for Game 1 who sold her a ticket for a lower box seat amounting to P3,000.“Some of my friends were not as fortunate,” she added.ADVERTISEMENT “There had been no reported cases [of scalping] yet,” Sangangbayan told the Inquirer in Filipino a couple of hours before tipoff.The Inquirer tried to purchase tickets from scalpers around the venue but there were no sellers present. Their absence came at the heels of a crackdown by police in Game 1.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefBut that doesn’t mean tickets weren’t sold at inflated prices–they were simply sold elsewhere.Admission rates hit a fever pitch Wednesday morning with patron seats being peddled at P7,500. Its original price was P450. Chief Justice Peralta on upcoming UAAP game: UP has no match against UST PLAY LIST 01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST00:50Trending Articles00:59Sports venues to be ready in time for SEA Games02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games SEA Games: PH dancesport looking to sweep golds Magnolia Hotshots rout Alaska Aces in PBA Finals opener Fossil launches its newest generation smartwatch: The Gen 5 MOST READ View comments LATEST STORIEScenter_img SEA Games: Biñan football stadium stands out in preparedness, completion Another case filed vs Cardema For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Jordan delivers on promise: 2 Cobra choppers now in PH Hotel management clarifies SEA Games footballers’ kikiam breakfast controversy Some of the athletes weren’t, too.UP guard Paul Desiderio vented his frustration on Twitter Tuesday night, saying his family was unable to secure patron tickets for the match. A later development then revealed that a miscommunication transpired within the Maroons’ camp. The cager’s social media post has since been deleted.Gabbi Dario, brother of Maroons guard Diego Dario, also shared his experience on social media, saying his family had to queue up for tickets only to settle for General Admission tickets.“No we do not get tickets for free, [neither] does my brother hoard a lot to accommodate us,” he said. “Pare-pareho po tayong nagha-hanap. I don’t have extra!”Game 1 drew 21,608 spectators with seats virtually filled with a handful politicians also in attendance. The title-clincher attracted 23,471 fans.Around 270 members of the Quezon City Police District—some in uniform, others in plainclothes—were deployed around the Big Dome Read Next Don’t miss out on the latest news and information. Judiciary Committee set to take over Trump impeachment probelast_img read more

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Dhoni only Indian in Forbes’ most valuable athlete brand list

first_imgMahendra Singh Dhoni is the only Indian on Forbes’ brand athlete listMahendra Singh Dhoni is the sole Indian sportsman to figure on Forbes’ list of the world’s most valuable athlete brands. The list,  topped by American basketball player LeBron James also includes golfer Tiger Woods and tennis stars Roger Federer and Rafael Nadal.Dhoni is ranked fifth with a brand value of  $20 million in 2014, slightly lower than $21 million of last year.Forbes said Dhoni signed bat sponsorship deals with Spartan Sports and Amity University in late 2013 worth a combined $4 million annually, up from the $1 million Reebok was paying previously.Forbes’s Most Valuable Athlete Brands in Sports, lists 10 athletes whose endorsement income exceeded the endorsement income earned by their peers by the largest amount during the past year.James tops the list with a brand value of $37 million in 2014.The NBA’s biggest marketing star pulled in a total of $53 million from endorsers like Nike, McDonald’s, Coca-Cola, Upper Deck.The publication said for the first time since 2007 that the top athlete brand is not Woods but James. James will be rejoining the Cleveland Cavaliers after four season and two National Basketball Association (NBA) titles with the Miami Heat.James pulled in $53 million off the court during the past year and his brand is worth $37 million.Woods is ranked second and has a 2014 brand value of $36 million.Woods’ earnings took a hit after Electronic Arts announced in 2013 that it would end its relationship with him and his eponymous video game after 14 versions.On the third spot is Federer, whose brand value in 2014 is $32 million.advertisementThe list also includes Jamaican sprinter Usain Bolt on number 6, Portugal and Real Madrid star Cristiano Ronaldo on 7, Argentine professional footballer Lionel Messi on the 9 and Nadal on the 10 position.The list is part of Forbes Fab 40, which consists of the 10 most valuable sports brands in businesses, events, teams and athletes and quantifies the earning power of each brand relative to its competitors.Sporting event brands are based on revenue-per-event-day.The top event brand is the Super Bowl, which last season generated an estimated $518 million in revenue from broadcasting, tickets, the halftime show, concessions and licensing.The Super Bowl has been the most valuable sporting event brand in each of the six Fab 40 rankings since 2007, largely due the record television ratings and advertising rate the game generates.last_img read more

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LG launches G Pad 8.0 with 3G at Rs 21,000

first_imgLG has just unveiled a 3G variant of the G Pad 8.0 tablet in India. The tablet has been listed online for Rs 21,000 and has single Micro-SIM support.Previously, a Wi-Fi only version of the device went on sale last month and was priced at Rs 17,999.The LG G Pad 8.0 sports an 8-inch IPS display with a WXGA 1280 x 800 resolution and is powered by a 1.2GHz quad-core Qualcomm Snapdragon processor coupled with 1GB RAM. Other features on the Android 4.4 KitKat based tablet include 16GB internal storage, expandable up to 64GB via microSD card, 5MP rear camera, 1.3MP front camera, and a 4200mAh battery.The device is available in black and white colors. The user interface of the tablet is the same as that of the LG G3.The tablet also features QPair 2.0. Using this, the tablet can be connected to smartphones via Bluetooth to answer calls, receive notifications etc. directly on the tablet.last_img read more

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