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Coinbase CEO Says SEC Changed ‘Tone’ Last Year: Bloomberg Invest
Coinbase CEO Says SEC Changed ‘Tone’ Last Year: Bloomberg Invest
The Bloomberg Invest conference kicked off Wednesday, with some of the most influential leaders in finance gathering in
2023-06-08 00:54
Twitter freaks out as Lionel Messi shockingly signs with MLS club
Twitter freaks out as Lionel Messi shockingly signs with MLS club
Lionel Messi signed with Inter Miami of the MLS. Twitter had a field day.Lionel Messi is considered by many the greatest soccer player in the world. Traditionally the greatest soccer players in the world don't play in America.The MLS has expanded significantly in recent years, but the t...
2023-06-08 00:53
First golf, now football? Saudi Arabia’s grand plan and the 72 hours that changed everything
First golf, now football? Saudi Arabia’s grand plan and the 72 hours that changed everything
If you want a little insight into just how much the sporting world has changed in the last 72 hours, take the story of one prime footballer who previously didn’t even consider an offer from the Saudi Pro League. The numbers and headlines being shared suddenly made the player do an about-turn and contact his agent to ask whether a deal was still on the table. His mind has been changed. That player is not Neymar, although he is the next big target after Lionel Messi, and a huge offer has been put forward to the Brazilian. They are the tier of top stars, along with Cristiano Ronaldo, who connected sources insist are the only ones getting over £50m a year. Those are still game-changing sums, since they are substantially more than the pay of the entire Luton Town squad just promoted to the Premier League. This is a game-changing moment. It was Ronaldo’s initial move that sparked it. It is the LIV Golf story that has, well, brought it to the fore. It is the only true global game in football, however, that will fittingly emphasise how much sport has really transformed in the last 72 hours. What Saudi Arabia is currently attempting is a takeover of the planet’s primary cultural pursuit. Some of that does stem from genuine social programmes within the state, particularly to tackle obesity. Most of it comes from the kingdom's “sportswashing” aims, as it attempts to preserve a power structure as oil diminishes. All of it ultimately comes from crown prince Mohammed bin Salman’s marriage of brutal suppression with what human rights activist Iyed Al Baghdadi describes as a “desire to be loved”. That contrast almost perfectly scans on to what has happened with golf. The sport was split apart so the other side could be co-opted, albeit with Saudi Arabia now a part of its infrastructure. A fist and then an open hand. While football awaits similar, it should reflect on the fact that exact move has already been tried twice. The game had anticipated a first split with Gianni Infantino’s initial plan for an expanded Club World Cup in 2020, and a number of sources state that Saudi money underpinned the Softbank fund for that. That break was put off by new agreements made for the Covid pandemic, only for the ensuing financial crisis to push stricken clubs into rushing the European Super League. Again, the same sources state that Saudi money underpinned the JP Morgan loan for that. Unlike golf, however, the sport’s unique supporter culture kept the game together. It did not break. Saudi Arabia is now trying another approach. Or, rather, every other approach. The playbook set by their Gulf neighbours in Abu Dhabi and Qatar has been followed and significantly updated, as the world now moves onto the next stage. Saudi Arabia first went down the simple sponsorship route, as was most visible in so many deals with Manchester United. They then sought to fund the plans of others, as with Fifa's Club World Cup, while staging events such as the Italian and Spanish Super Cups. They then bought a club in the most prominent league in the world, with Newcastle United. They are now seeking to revamp their domestic league, all to build up to the most traditional form of sportswashing of all, which is the staging of the World Cup itself. That is the great ambition for 2030, which is of course the year marked for the culmination of Bin Salman’s grand economic plan. It was as part of the announcement of the latest plans for ‘Vision 2030’ that a new era for the Saudi Pro League was launched. One irony is that the overhaul of the domestic league could otherwise be seen as the most legitimate development in all of this. Saudi Arabia has a vibrant young population that is obsessed with the sport, and a very strong and long-standing football culture. It has produced a series of fine teams at Asian club level as well as two highly respectable World Cup performances, and the quality is generally described as good. There's even an argument a vibrant league has just been waiting to be developed there. It’s just that’s impossible to isolate from Bin Salman’s wider political aims, FairSquare describing it as “central to Saudi Arabia’s soft power strategy”. There is similarly a belief within football that the unusual nature of the overhaul could represent a model that soon spreads and upends the wider game. It admittedly isn’t expected to be as bombastic as the Chinese Super League, which briefly sent waves through the sport through huge fees and wages back in 2016-17. The Saudi Pro League is nevertheless seen as more of a disruptor because it is more sustainable. As part of the plan, the Public Investment Fund have taken over four of Saudi Arabia’s top football clubs - Al Ahli; Al Hilal; Al Nassr, who have Ronaldo, and Al Ittihad, who will have Karim Benzema. Those with direct knowledge of the preparations say the rationale is from research that the most vibrant leagues have a “top four”, in order to create a sense of competition around popular big clubs to drive broadcasting markets. "You've got to have a top four," in the simple words of one source. This has already led to some internal friction, as Riyadh’s third biggest club - Al-Shabab - have now missed out. They are instead one of 12 clubs who will likely get one top foreign player each, but the new big four will get three. The aim is then for this to raise the level of Saudi football as a whole, alongside the value of the league. It is hoped to make it worth £400m a season by that landmark year of 2030. The initial idea is that it becomes the natural home for stars in their mid-thirties looking for a last payday, since there is an obvious space there. The Chinese Super League is now gone as a force and the USA’s Major League Soccer is too constrained by regulation. The Saudi Pro League also has the attraction of huge crowds, unlike Abu Dhabi or Qatar. From there, the age of foreign stars would gradually be brought down, as the quality of homegrown players goes up. A number of big football industry figures have been invited over for consultations over the last few months and they have been struck by the substance of the idea. There is a belief that, while the competition can’t ever get to Premier League levels, the money involved can eventually bring it to a point where there are more high-profile prime stars than either Ligue 1 and Serie A. “It’s not going to be a significant league in the true sense,” one prominent source argued, “but it could be an interesting league.” To do that, though, the competition is going to need proper structure and regulation and that is where some of those consulted have been struck by the “eruption” of the last few days. It is like it all suddenly got super-charged. The Saudi state announcement ensured offers for players have been flying around, some of them greatly increased after the initial refusal, some of them clearly from actors looking to exploit the situation. Players have been getting contacted by six different intermediaries, all insisting they represent the same client or club. One source tells the story of a players called by an agent who claimed to be sitting right beside a “prominent member of the royal family, who loves you”. Another call minutes later revealed that to be bogus. “It’s creating chaos,” the source says. Others with knowledge of the Saudi plans do insist some of the numbers going around are also bogus. While there is an admittance Ronaldo, Neymar and Messi would be on the highest figures, they are adamant those for Benzema and N’Golo Kante do not go beyond £50m and £30m a year, respectively. After that, it is a sliding scale, if still an attractive one. Maybe not attractive enough for Messi, though. As of Wednesday afternoon, and despite extensive negotiations with his father Jorge, the Argentine agreed a deal in principle with MLS franchise Inter Miami. The Messis have kept the door open, though. The Saudi Pro League will meanwhile just move onto the next major target, which is Neymar. Messi’s decision nevertheless points to a potential “new world” in football, that has inevitably risen with the sport’s recent explosion in global popularity, and potentially has opposite poles represented by the hosts of the next two World Cups. While the USA already has 2026 along with Canada and Mexico, Saudi Arabia is currently the favourite for 2030. That’s what much of this is building up to. There will be a powerful emotional pull on the process since that year represents the centenary of the first ever World Cup in Montevideo, as marked by a joint bid from Argentina, Paraguay and Uruguay. Another bid from Spain, Portugal and Ukraine will be similarly alluring. It is maybe the strongest ever field of bids, but Saudi Arabia has a strong claim of its own - namely in money. Despite the fact any such bid would face an avalanche of criticism over human rights, Qatar is already seen as crossing a threshold there, and the Kingdom has been canny in who it has corralled into its bid. The inclusion of Greece will split European votes. The inclusion of Egypt will split North African votes. There is even a theory now openly being stated that a deal will eventually be done with South America to bring Uruguay in. Montevideo would then be able to host the opening game, with Saudi Arabia underwriting the costs. This is the power of that kind of money, that football is proving as unresistant to as golf. It is why the reshaping of the Saudi Pro League is being viewed as the most interesting move - and, in many quarters, the most ominous move - of all. Many in football believe it represents a template for autocratic states eventually buying stakes in leagues. Private equity groups like CVC have already attempted similar with a number of sporting competitions, including La Liga. It would make sense, at least in sport’s perpetually greedy world, for states to be the next step. For many, up against the unparalleled power of the Premier League, it could even prove obvious. Such unintended consequences are how football repeatedly gets itself into such situations. If it is a struggle for anyone else to match the Premier League's power, then just do a deal with an autocratic state to lift the competition as a whole. The Premier League itself may not even be off-limits. “Anything is possible,” one prominent football executive says. The Premier League would just need to issue new shares and require a change of articles with a 75% vote, along with Football Association approval. Or, a new league could just be set up inviting clubs to join. “And you can be sure the football authorities aren’t even thinking about such challenges,” the same source argues. A mistaken recent belief in football has long been that any regulation can only ever be reactionary. It has left the sport unable to resist the influence of private equity and autocratic states. By the time those in power realise there are problems with that, it is all too integrated; the imperfect marriage of short-term greed from within and long-term political aims from outside. That has already happened in the sport as a whole, as an Abu Dhabi project at Manchester City aim for a treble. The entire era may now be moving onto its next stage, centred in Saudi Arabia. Read More Lionel Messi agrees ‘in principle’ on next move after PSG exit Rory McIlroy welcomes Saudi money in golf: ‘Would you rather have them as a partner or an enemy?’ The year that sportswashing won: A season that changed football forever Why has Saudi Arabia become big player in world sport and what does future hold? Karim Benzema says it is ‘impossible’ to forget Real Madrid as he bids farewell Where might Lionel Messi go next after Paris St Germain spell ends?
2023-06-08 00:51
Kyle Walker recalls ‘tough’ memory and reveals three teams Man City want to emulate
Kyle Walker recalls ‘tough’ memory and reveals three teams Man City want to emulate
Kyle Walker was considering Manchester City’s place in the pantheon. He was thinking about Manchester United; not the United group he and his teammates beat in the FA Cup final a few days ago, either. Pep Guardiola’s City are taking on the Internazionale side of 2023 and the great Premier League sides of the past alike. Walker has his eye on a place in history, a status among the greats. Which, he feels, their achievements in England have earned them. But there is a conspicuous absence from their trophy cabinet, the Champions League that United’s treble winners claimed in 1999, that has eluded City so far. And that, Walker believes, will elevate them in the eyes of many. “It doesn’t define what this squad has achieved over the last six years, it doesn’t define us if we go on and win this or not,” the right-back reflected. “It helps massively to say that we can be put in that category of probably one of the best Premier League teams of all time. We don’t win five Premier Leagues in six years if we are not a good team. We know we are a good team but to be recognised globally as one of the best you need to win the Champions League.” Which City could have done in 2021, but they were beaten in the final by Chelsea. They were below their best that day; two years on, they are again the favourites. “We are not beating around the bush with that, we know this is now a great opportunity, we have a second chance definitely with Pep and the group of players who have stayed around,” added Walker. “We need to put right the wrongs we did against Chelsea.” There is little doubt that, domestically, City are the best team of their era. Liverpool proved valiant opponents in an epic duel but the trophy count can look one-sided: Guardiola has five Premier Leagues, Jurgen Klopp one. Yet in Europe, the scoreline is very different: City 0, the modern-day Liverpool 1. Greatness comes in different guises, of course, and Walker bracketed the Arsenal team of 2004 alongside United’s class of 1999: Arsene Wenger’s team never conquered Europe but have the unique feat of completing an English top-flight season in the 20th or 21st centuries unbeaten. City, meanwhile, have set points records and equalled Sir Alex Ferguson’s return of five titles in six seasons. “Of course, I think that United team, along with the Invincibles, is probably up there with the best Premier League teams of all time,” Walker said. “What us and Liverpool, to a certain extent, have done where we have been battling for the last number of years, I think we should be in consideration - both teams as we both have fantastic players – but they have silverware and they have got the big Champions League trophy that we can never say we have got. For us to be in contention of that, we need to go and pick up this.” For Walker, there was a particularly painful coda to City’s failure to perform in the 2021 final. There are times when he has been pleased to see Mason Mount, Reece James and Ben Chilwell. When the England squad met up for Euro 2020, however, it was not one of them. They had shared a pitch a few days earlier, but their emotions were very different: James, not Walker, was the Champions League-winning right-back, Mount the man who set up the only goal in the final. The Chelsea trio emerged triumphant and Walker soon had to see them again. “I didn’t really have much time to get over it as I had to tune back into England and go and compete in a tournament for my country,” Walker recalled. “It was hard seeing all the Chelsea boys there. You say congratulations to them because they are your teammates now but it was tough.” If Walker’s powers of recovery were such that he was named in the team of the tournament for Euro 2020. And yet it was a summer of disappointment. “Then I experienced a loss against Italy in the final and then I had to pick myself up again and get ready for the season. That’s football, it’s part of your career that everything is not going to go swimmingly well.” It was a reminder that even the most successful can miss out on more trophies than they win. For club, as well as country, he hopes for a case of second time lucky. “I don’t think any great team goes straight to the final and wins it,” he said. “I think you always have to go through setbacks, those nearly games, those losses.” Claim the Champions League and Walker and his friend John Stones will be arguably the most decorated English players of their generation, though the right-back did not get a first major trophy until he was almost 28. A wait for glory has been a theme: for him, for City, 12 years into their Champions League adventure, and on Saturday. “I’m 33 now so I wouldn’t say I get nervous,” said Walker. “I hate eight o’clock games because it is the wait of all day to go to the game. I’d rather it kicked off at three o’clock and then it is done then.” Instead, it begins at 10pm Turkish time, leaving Walker contemplating a sleepless afternoon. “You can’t bring the game forward. I just have to deal with it and have a little nap in the afternoon,” he said. “Then I don’t sleep after the game. It’s Sod’s law, isn’t it?” Sod’s law may appear to be a theme of City’s last few years in the Champions League: if something could go wrong, it often did, sometimes in strange circumstances. But if it goes right on Saturday, City will have emulated United and with a stronger case for greatness. Read More Ederson ready to bet Champions League glory on continuing to ‘play with personality’ Man City’s Kyle Walker vows to make Champions League final after injury scare Finals are 50-50 – Kevin De Bruyne not saying City are favourites to beat Inter Jude Bellingham to become the eighth Brit to play for Real Madrid Ederson ready to bet Man City glory on continuing to ‘play with personality’ Sheikh Jassim wants answer by Friday after submitting final bid for Man Utd
2023-06-08 00:48
Kirk Cousins caught a vicious stray in the Madden 24 trailer
Kirk Cousins caught a vicious stray in the Madden 24 trailer
The winner of Madden 24 is all too obvious: Josh Allen. The loser is a fellow NFL quarterback who body-slammed by the Madden 24 trailer: Kirk Cousins.Minnesota Vikings quarterback Kirk Cousins could hardly be considered the villain of the NFL. So why did Madden 24 have to do him so dirty?The...
2023-06-08 00:29
Fans detained by Czech police after West Ham supporters are attacked in Prague
Fans detained by Czech police after West Ham supporters are attacked in Prague
Czech police have detained several people following a clash between West Ham and Fiorentina fans ahead of the Europa Conference League final in Prague on Wednesday. The force said Italian fans attacked West Ham fans in a bar in the country’s capital, with three people being left injured as a result. It was also confirmed a police officer had been attacked during the incident. Following the clash, 16 people were detained as police “restricted the personal freedom” of those suspected to be involved. A translation of a Czech police tweet said: “Italy fans attacked West Ham fans in a bar in Rytirska Street, injuring three. One policeman was also attacked. We have restricted the personal freedom of 16 people and we are currently investigating the whole incident.” Outside the Tek’ila Tek’ila bar in the city centre, a burnt-out chair and broken glass were seen littered across the ground. One West Ham fan, who did not want to be named, said “a large group” of Italian fans attacked the bar. “About eight Italians walked past, swinging bands and chains,” he said. “Five minutes later there was a big group that come down the road and attacked us.” The man said five West Ham fans were injured. He said: “Three of our mates (were injured), out of all of this lot there were five. Three of them were our mates. They’ve gone to hospital.” He added that one of his friends was “quite badly” injured with a “massive cut” on his head. Videos were also shared on social media appearing to show people throwing chairs at each other in Prague on Wednesday. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Sheffield United release Billy Sharp after promotion to Premier League Man City keeper Ederson will not opt for safe option in Champions League final Kyle Walker insists Champions League win will not define Man City’s achievements
2023-06-08 00:23
Violent clashes between West Ham and Fiorentina fans lead to arrests ahead of European final
Violent clashes between West Ham and Fiorentina fans lead to arrests ahead of European final
Czech police have detained 16 people after violent clashes between West Ham United and Fiorentina fans marred the build-up to the Europa Conference League final in Prague. A group of black-clad Fiorentina fans attacked Hammers supporters in a bar in central Prague on Wednesday afternoon, injuring three patrons, authorities said. Videos on social media showed fans setting off flares and throwing tables at the bar located just off Prague’s Old Town Square. A police officer was also attacked. “Italy fans attacked West Ham fans in a bar on Rytirska street, injuring three,” Czech police said on Twitter. “A police officer was also attacked. We have restricted the personal liberty of 16 people.” More than 10,000 officers are on duty in the Czech capital with major security concerns around the game given the vast numbers of supporters who have travelled without tickets. An estimated 20,000 West Ham fans are believed to have travelled to Prague, even though the club’s allocation of match tickets was fewer than 6,000, given the small size of Slavia Prague’s stadium hosting the showpiece. Uefa have also promised a beefed-up security presence at the Eden Arena as the governing body are desperate to avoid a repeat of the chaotic scenes that marred last season’s Champions League final between Liverpool and Real Madrid in Paris. Additional reporting by Reuters and PA Read More Carlton Cole on West Ham’s final, a coaching career and his surprise ‘love’ of the world’s most sustainable sport I might miss flight home if West Ham win European title, says fan in Prague West Ham fans take over Prague ahead of Europa Conference League final
2023-06-08 00:20
Put Josh Allen in bubble wrap after the Madden 24 cover reveal
Put Josh Allen in bubble wrap after the Madden 24 cover reveal
Buffalo Bills QB Josh Allen is the latest NFL star to grace the Madden cover. Godspeed, Josh.Josh Allen is arguably the best QB in football not named Patrick Mahomes. His combination of arm talent and mobility has made him a premier dual threat quarterback. He can toss downfield bombs or power-d...
2023-06-08 00:18
NBA rumors: Lakers maintain they aren’t interested in Kyrie Irving
NBA rumors: Lakers maintain they aren’t interested in Kyrie Irving
The Los Angeles Lakers reportedly have no interest in reuniting Kyrie Irving and LeBron James.The Los Angeles Lakers were swept out of the conference finals, kicking off a summer of questions -- starting with LeBron James' potential retirement.Assuming the King returns, LA's front ...
2023-06-07 23:59
Tammy Abraham has surgery to repair anterior cruciate ligament damage
Tammy Abraham has surgery to repair anterior cruciate ligament damage
England and Roma striker Tammy Abraham is recovering in a London hospital after surgery to repair anterior cruciate ligament damage. Former Chelsea forward Abraham, 25, sustained the injury in Roma’s final game of the season last Sunday when a 2-1 home win against Spezia secured them a sixth-placed Serie A finish. A Roma statement read: “Tammy Abraham underwent reconstructive surgery on the anterior cruciate ligament in his left knee on Wednesday. “The operation was performed by Dr Andy Williams at London’s Cromwell Hospital, with AS Roma head of medical Massimo Manara in attendance, and was a complete success. “The player will remain at the London clinic for a few days before beginning the rehabilitation programme drawn up by the club’s medical staff. Wishing you a speedy recovery, Tammy!” The Italian club, managed by former Chelsea boss Jose Mourinho, signed Abraham from the Blues in August 2021 for £34million. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-07 23:55
Michigan lands a huge albatross from transfer portal
Michigan lands a huge albatross from transfer portal
The Wolverines just landed one of their biggest transfer portal additions of the offseason, successfully reeling UMass grad Josh Wallace to Michigan.The Michigan Wolverines were heavily touted to land cornerback Josh Wallace this summer, and now they officially have.The UMass grad transfer a...
2023-06-07 23:53
Jude Bellingham to become the eighth Brit to play for Real Madrid
Jude Bellingham to become the eighth Brit to play for Real Madrid
Jude Bellingham looks set to become a Real Madrid player after the Spanish club agreed an £88.5million fee with Borussia Dortmund. The England international will join a small but esteemed set of British players to play for Los Blancos. Here, the PA news agency takes a look at those players from these shores to have played at the Bernabeu. Laurie Cunningham England international Cunningham was the trailblazer for those that followed him after becoming the first Englishman to play for Real Madrid after signing from West Brom in 1979. The left winger brought plenty of excitement to the fans and after scoring on his debut, went on to win the league and cup double in his first season. His time at the Bernabeu was hampered by injuries and he left to join Marseille in 1984, having scored 20 goals in 66 appearances. He was sadly killed six years later in a car crash, aged just 33, while playing for Raya Vallecano. Steve McManaman (1999-2003) Twenty years after Cunningham, Steve McManaman followed as he joined from Liverpool. The floppy-haired winger played in one of the great Madrid teams alongside the likes of Raul, Ronaldo, Luis Figo and Zinedine Zidane, winning two LaLiga titles and two Champions League titles, scoring in the 2000 final against Valencia. He made over 150 appearances and moved to Manchester City in 2003, where he spent two years before retiring in 2005. David Beckham (2003-2007) Already a global superstar, David Beckham’s footballing image went to the next level when he signed for Madrid in 2003. Although his time in the Spanish capital was not the silverware haul he enjoyed at Manchester United, winning just one league title, he was a fan favourite. He made 155 appearances, scored 20 goals and notched 59 assists before moving to LA Galaxy in 2007. Michael Owen (2005-2006) Given Michael Owen’s relationship with Beckham for the England national team, an £8million move for the striker seemed good business in 2005. But Owen never really took off in Madrid and spent the majority of his one season at the club on the bench. He was able to score when he was on the pitch, most memorably a fine goal in a 4-2 win over Barcelona. He left for Newcastle in 2006. Jonathan Woodgate (2005-07) The fact that Woodgate has been voted as Real Madrid’s worst signing of the 21st century by readers of a Spanish newspaper tells you how his time at the club went. He joined Owen in swapping England for Spain in the summer of 2004 but was injured at the time and did not make an appearance until September 2005. That went about as well as expected as he scored an own goal and was sent off. He managed just 14 appearances in three years due to more injury woe and he left the Bernabeu being remembered for all the wrong reasons. Gareth Bale (2013-2022) Bale was the hottest property in Europe when he joined Madrid from Tottenham in 2013 and his career at the Bernabeu speaks for itself. He won four Champions League titles, one LaLiga title, one Copa Del Rey, two Spanish Super Cups and three European Super Cups. He scored 106 goals in 258 appearances, often vying for the spotlight with Cristiano Ronaldo, before it turned sour at the end of his stay, where his relationship with boss Zinedine Zidane and the fans was frosty at best. Caroline Weir (2022-Present) Weir became the first British woman – and first Scot – to play for Real Madrid when she signed on a free transfer from Manchester City last summer. The attacker enjoyed a successful debut season in the Spanish capital, scoring 15 goals, while also knocking her former side out of the Women’s Champions League. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Carlos Alcaraz relishing chance to play Novak Djokovic in French Open semi-final Travis Head hits quickfire 60 to give Australia momentum in WTC against India Rory McIlroy left feeling ‘like a sacrificial lamb’ after golf merger
2023-06-07 23:48
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