IOC and federations can foot postponed Tokyo Games bill, but cancellation ‘would be disaster’

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first_imgBut the effort the IOC will have to put in to help both the Tokyo Olympics Organizing Committee and international federations deprived of almost all competitions in 2020 — and therefore of income — will weigh heavily.In May, the IOC announced a fund of $800 million (740 million euros), with $650 million destined to help cover costs of the postponement of the Games and the remaining $150 million to support the Olympic movement, including federations.By July 15, international federations had already received $60 million in aid as they struggle with financial problems.While the staging of the Games in its new July-August 2021 slot remains at the mercy of the coronavirus pandemic, Tokyo organizers and the IOC are prepared to pull out all the stops for the event to go ahead, Olympic chief Thomas Bach even admitting that having no spectators was one of the scenarios being studied. Reinvent the Games Former French sports minister Guy Drut, an IOC member since 1996 and Olympic 110m hurdles gold medalist in 1976, argued that “international federations have more to risk and lose from this kind of event than the IOC”.”The financial consequences of the postponement will be shared. We will make sure that they are as small as possible.”Drut has drawn criticism for saying plans for the next Summer Olympics after Tokyo, the 2024 Games in Paris, are “obsolete and outdated” in light of the COVID-19 pandemic, but he has not stopped banging his drum.”In the future, we need to reinvent the Olympic Games, to adapt. At the IOC, it is up to us to put this forward to lower the overall cost of the event.”Drut’s idea for reducing costs is to be “rigorous and know what you can do without”.”This will also be true for Paris 2024 where the most urgent thing is a budget update. At the Tokyo Olympics, 200 measures have been talked about to reduce costs. You have to do exactly the same for Paris 2024.” Danger of cancellation “A cancellation of the Tokyo Games would be serious, both financially and from a sporting perspective for most international federations,” professor Chappelet told AFP.”But I don’t believe that will happen because the IOC and most importantly the Japanese government will do everything so that they take place, even if they are ‘simplified’.”They will then be able to say ‘We did it’, a little like after the two world wars: Antwerp in 1920 and London in 1948 symbolized a certain return to normality, even if they were both Games of austerity.”Patrick Clastres, director of Lausanne University’s Global Sport and Olympic Studies Center, warned that “should the Games not take place, it would have an impact on the Olympic system”.”It would put international federations in danger and reveal their financial fragility,” with many smaller federations dependent on IOC payouts every four years.”Certain federations are financed by oligarchs, like the international fencing federation with Alisher Usmanov,” added Clastres.”Others rely on Russian money. And for yet more others, the situation is really tough. In the medium term, the model will be to lift the Olympic shutdown.” Topics :center_img The International Olympic Committee, thanks to its vast reserves, and international federations, many of which have borrowed money, can cope with the postponement of the Tokyo Games, but a cancellation would have disastrous consequences, experts say.Cushioned by a dozen or so wealthy sponsors, including the French IT group Atos which has just extended its partnership until 2024, and with marketing contracts and television rights still on the rise, the IOC’s future looks steady.With backing of almost one billion dollars, the IOC “has large reserves and insurance so I don’t think it is in danger”, says Jean-Loup Chappelet, professor emeritus at the Lausanne-based Swiss Graduate School of Public Administration and a specialist in the Olympic movement. It is impossible, however, to not envisage a straight cancellation, a scenario never seen in peacetime.last_img read more

‘Abraham Accords’ won’t change Indonesia’s position: Foreign Ministry

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first_imgThe normalization of diplomatic relations between Israel and some Gulf Arab countries will not change Indonesia’s support for the Palestinians in the longstanding Middle East conflict, a government spokesman has said.As a staunch supporter of the Palestinian struggle for independence, predominantly Muslim Indonesia has paid close attention to the latest developments in the Palestinian-Israeli conflict.Most recently, United States President Donald Trump hosted on Tuesday officials from the United Arab Emirates and Bahrain, who signed deals to consolidate furtive ties with Israel despite protests from the Palestinians. The two countries became the third and fourth Arab states to normalize ties since Israel signed peace treaties with Egypt in 1979 and Jordan in 1994.Trump’s showmanship in celebrating the so-called “Abraham Accords” has exposed fault lines in the Arab world’s solidarity with the Palestinian people, experts have said, but the move has not persuaded Indonesia to abandon its position on the matter.“For Indonesia, the settlement of the Palestinian issue needs to respect the relevant United Nations Security Council resolutions and internationally agreed parameters, including a two-state solution,” Foreign Ministry spokesperson Teuku Faizasyah told reporters on Thursday.“We understand the intention of the UAE and Bahrain to provide space for the relevant parties to negotiate and change the approach to solving the Palestinian issue through this agreement. However, the effectiveness of the agreement depends to a large extent on Israel’s commitment to respect it,” Faizasyah said.  He said Indonesia believed that all those involved had to ensure that all initiatives for peace do not derail the decisions made through the Arab Peace Initiative and Organization of Islamic Cooperation resolutions. “Therefore, it is time to consider that these initiatives and agreements are geared toward restarting a credible multilateral process. This will allow equal footing for all parties and be based on agreed international parameters,” the official added.Read also: Kindred spirits: Indonesia’s 75 years of unwavering support for PalestineDecades of impasse have weighed down international efforts to resolve the Palestinian-Israeli conflict, from the defunct Middle East Quartet to various OIC commitments and the Arab Peace Initiative.The Arab Peace Initiative was endorsed by the Arab League at the 22-member group’s 2002 summit. The proposal calls for the establishment of ties between Israel and the Arab world in exchange for the former’s withdrawal from occupied Palestinian territories as well as parts of Syria and Lebanon, along with the establishment of a Palestinian state with East Jerusalem as its capital.Yon Machmudi, a scholar from the University of Indonesia’s Center for Middle East and Islamic Studies, said it was becoming increasingly difficult for Indonesia to support the Palestinian cause, on account of the country’s good relations with the UAE, Bahrain and other Gulf countries.“Of course, there’s a commitment not to interfere in the affairs of other countries that have normalized [ties with Israel], but Indonesia will still gently remind them not to forget the plight of the Palestinians,” he said.Both UAE and Bahraini officials have sought to reassure the Palestinians that their countries were not abandoning them or their quest for statehood in the West Bank and Gaza Strip, despite the Palestinian leadership having decried the deals as a betrayal of their cause.Bahrain’s interior minister said on Monday that its latest policy was aimed at protecting Bahrain’s interests and strengthening its strategic partnership with the US amid an ongoing threat from Iran.“It is not an abandonment of the Palestinian cause, it is to strengthen Bahrainis’ security and their economic stability,” minister Rashid bin Abdullah Al Khalifa said in a statement, as quoted by Reuters.Read also: Saudi king calls for ‘fair’ Palestinian solution in Trump callYon noted that, diplomatically, when Arab countries began to recognize the state of Israel, that would have an effect on efforts to support the independence of Palestine.“If we look at the numbers, Israel is gaining acknowledgement of the existence of its statehood, while the numbers in support of Palestine’s independence do not change. We don’t see countries that do not recognize Palestine suddenly change their position,” he said.Before the signing ceremony, Trump told Israeli leader Benjamin Netanyahu that there were “at least five or six countries coming along very quickly” to forge their own accords with Israel, Reuters reported.Trump went on to say a third Gulf Arab state, Saudi Arabia, would strike an agreement with Israel “at the right time”, but the Saudi cabinet immediately issued a statement on the need for a “just and comprehensive solution” to the Palestinian issue.Topics :last_img read more

Railpen appoints APG industry veteran to board

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first_imgShe was also a professor of finance at Maastricht University.Chris Hitchen, chief executive at RPMI, said he was “thrilled” Kemna had agreed to join the Railpen Investments board.“I have always been a great admirer of Dutch institutions, and Angelien’s great personal experience and insight will be invaluable to us,” he said.Paul Trickett, chairman of the Railpen Investments Board, added: “Welcoming Angelien to the team is another great step forward for us as a business as we continue with our Investment Transformation Programme.” RPMI and Railpen Investments, which has approximately £20bn (€26bn) in assets under management, run the Railways Pension Schemes on behalf of their parent, the Railways Pensions Trustee Company Limited. Railpen Investments has appointed industry veteran Angelien Kemna to its board in a bid to further strengthen its governance.Kemna currently holds the position of chief finance and risk officer at €396bn Dutch asset manager APG, in addition to serving as a member of the organisation’s executive board.She also served as CIO at APG until 2014.Before then, she was chief executive at ING Investment Management Europe, and held a number of investment positions at Robeco Group.last_img read more

Coppa Italia: Rolando’s penalty rescues draw for Juventus against AC Milan

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first_img Loading… Theo Hernandez was sent off with a quarter of the game left to play, before a Davide Calabria handball gave Ronaldo the chance to score from the penalty spot, which he did.Thus the pair head to the Allianz Stadium for the return leg on March 4 with the winner taking a place in the final.Just as they did against Inter, Milan few out of the blocks and a lovely piece of skill from Ante Rebic allowed Franck Kessie to blast just wide.Rebic was next to have a go and his effort needed to be punched away by Gianluigi Buffon, then Zlatan Ibrahimovic tried a cheeked back heel flick but it rolled off target.Kessie found Davide Calabria in the box and his turn and shot needed tipping over by Buffon, before Ibrahimovic and Rebic combined on the edge of the area, but the Croatian’s shot was straight at Buffon.Juventus’ first real chance came just after the half hour when Juan Cuadrado had a go from range but it was stopped by Gianluigi Donnarumma.MIlan started the second half just as they did the first and Rebic got on the end of an Ibrahimovic flick on, but once more Buffon was there to deny the Croat. Read Also: Real Sociedad edge closer to all-Basque Spanish Cup finalThe breakthrough came just after the hour when Samp Castillejo swung ball into the box from the right, and Rebic side-footed past Buffon to send the San Siro wild.Things took a turn for the worse when Theo Hernandez collected a second yellow card for a body check on Paulo Dybala, resulting in his sending off,Just as it looked like Milan would hold on for the win, Calabria blocked a Ronaldo bicycle kick with his arm, resulting in a penalty for Juventus which the Portuguese duly converted. On top for the majority of the game, Milan took the lead 61 minutes in through Ante Rebic, who bagged his fifth of the season in all competitions.center_img Over 72,000 fans packed into the Stadio San Siro as a dramatic late penalty from Cristiano Ronaldo gave Juventus a 1-1 draw with AC Milan in the first leg of their Coppa Italia semi-final.Advertisement FacebookTwitterWhatsAppEmail分享 last_img read more

Thiem to donate prize money from Djokovic’s Belgrade event: report

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first_img Read Also: Hamilton on top in Austria despite protest over his Mercedes Thiem has acknowledged tennis players at the Adria Tour made “a mistake” after Djokovic, Grigor Dimitrov, Borna Coric and Viktor Troicki all tested positive to COVID-19. Djokovic and his wife Jelena, who had been self isolating since returning from the tour, have now tested negative. Loading… World number three Dominic Thiem will donate the prize money that he won in Belgrade during the ill-fated Adria Tour, where Novak Djokovic and three other participants tested positive for coronavirus, his father was quoted by Austrian media on Friday. Storm in Belgrade: Dominic Thiem pictured with Novak Djokovic Thiem took part in the Belgrade leg of the exhibition event organised by Djokovic, where social distancing was minimal and matches were played in front of thousands of fans, earning a storm of criticism. Thiem’s father, Wolfgang, who also trains the 26-year-old, defended Djokovic, telling Austria’s Presse daily that the world number one had not broken any of Serbia’s and Croatia’s coronavirus rules and the tour had aimed to collect money for charity. “Of course the dancing in the nightclub (during the tour) was not ideal, but Djokovic did nothing bad in principle,” he was quoted as saying. ”….a few thousand euros (dollars) are collected for a clinic treating children with cancer.” He did not say to who Thiem would donate his prize money. FacebookTwitterWhatsAppEmail分享 center_img The 33-year-old Djokovic donated more than 40,000 euros ($45,000) to the Serbian town of Novi Pazar, badly affected by the pandemic to help it fight a growing outbreak of the disease, Serbian media reported Wednesday. Promoted ContentBest & Worst Celebrity Endorsed Games Ever MadeA Lot More People Should See Hanna’s Fantastic Bread MasterpiecesWhich Country Is The Most Romantic In The World?10 Phones That Can Easily Fit In The Smallest PocketThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreTop 10 Enemies Turned Friends in TVThe Best Cars Of All TimeThe 10 Best Secondary Education Systems In The WorldPretty Awesome Shows That Just Got CanceledThe Highest Paid Football Players In The WorldFantastic-Looking (and Probably Delicious) Bread ArtCouples Who Celebrated Their Union In A Unique, Unforgettable Waylast_img read more

Cricket News Pulwama Terror Attack: Gautam Gambhir, Virender Sehwag and India’s sporting stars vent anger

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first_imghighlights New Delhi: The Pulwama terror attack, in which 42 CRPF personnel were killed by a car bomb, has made India angry. After the 2016 Uri terror attack, this is considered to be the deadliest terror strikes in Jammu and Kashmir in nearly two decades. The attack has resulted in a massive backlash from all spheres of society, from Bollywood to Sports. In the sporting arena, cricketers, wrestlers, badminton players and others have vented their fury on Twitter, condemning the terror attack and calling for the Narendra Modi government to take strict action in eliminating the menace of terrorism.  Cricket players like Gautam Gambhir, Virender Sehwag, Saina Nehwal and many from the wrestling fraternity took to their official Twitter handles to lash out at the attack.Gambhir, who retired from all forms of cricket in December 2018 and has been vocal on plenty of issues ever since, lashed out at the separatists in Kashmir. “Yes, let’s talk with the separatists. Yes, let’s talk with Pakistan. But this time conversation can’t be on the table, it has to be in a battle ground. Enough is enough,” Gambhir lashed out on his Twitter handle. Players like Sehwag, Harbhajan Singh, Yuvraj Singh and Shikhar Dhawan offered their condolences to the families of the CRPF personnel who were killed. Saina Nehwal, India’s ace badminton player, was joined by wrestlers like Sushil Kumar, Babita Phogat and Geeta Phogat in expressing their condolences and praying for the soul of the 42 CRPF personnel. Yogeshwar Dutt retweeted Prime Minister Narendra Modi’s tweet which said, “Attack on CRPF personnel in Pulwama is despicable. I strongly condemn this dastardly attack. The sacrifices of our brave security personnel shall not go in vain. The entire nation stands shoulder to shoulder with the families of the brave martyrs. May the injured recover quickly.” The Pulwama terror attack resulted in the death of 42 CRPF personnel.This is considered to be the deadliest terror strikes in J&K in nearly two decades.Adil Ahmad from Kakapora in Pulwama joined the JeM in 2018 is the mastermind.center_img मुझे कश्मीर की खबरें सुनकर बहुत दुख हो रहा है, जहां हमारे कई भारतीय सैनिक आतंकवादियों के हमले में शहीद हो गए। मैं अपने @sportstarweb अवार्ड को अपने सभी जवानों को समर्पित कर रहा हूं, जिन्होंने हमारे देश के लिए अपनी जान दी— Bajrang Punia (@BajrangPunia) February 14, 2019Bajrang Punia, India’s No.1 wrestler dedicated a recent sports award which he won to the soldiers who were killed in the terror attack. More than 2,500 Central Reserve Police Force personnel, many of them returning from leave to rejoin duty in the Valley, were travelling in the convoy of over 70 vehicles when they were ambushed on the Srinagar-Jammu highway at Latoomode in Awantipora. Police said the terrorist driving a suicide vehicle was Adil Ahmad from Kakapora in Pulwama who joined the JeM in 2018. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Bahamas’ Shaunae Miller-Uibo set for outdoor 300 debut

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first_imgOlympic 400m champion Shaunae Miller-Uibo will make her 300 meters debut at the Golden Spike, an IAAF World Challenge Meeting, on June 20.The 24-year-old Bahamian will be making her outdoor debut over the rarely-run distance and has been installed as one of the favorites for the race.Miller-Uibo equaled the World indoor best over the 300 last year in New York, clocking 35.45 seconds to add to a long list of achievements at standard distances which include 2016 Olympic 400 gold, 2017 world bronze and 2018 Commonwealth gold at 200m, among many others.Her performance over the 300 trails only the outdoor world best of 35.30 secs, set by Ana Guevara of Mexico 16 years ago on home soil.The meet in the eastern Czech city is building a reputation for hosting fast 300 races – Usain Bolt made his only appearance over the distance, clocking 30.97 in 2010 and Wayde van Niekerk set the current world best of 30.81 at the 2017 edition.This year will mark the first time women will run the event with Miller-Uibo set to face Justyna Swiety-Ersetic, the European 400 champion, who is from the nearby Polish city of Raciborz.last_img read more

Suriname Government Extends National Curfew to Curb COVID-19 Spike

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first_imgThe authorities have said the Wanica Regional Hospital, for example, is becoming full, quarantine places are becoming fewer and extra beds have even been reserved in other hospitals. A field hospital has also been set up on the site of the Wanica Regional Hospital. Among the other measures outlined by the government include the mandatory wearing of mouth/nose covering outside of the home and especially when entering public spaces, reducing the operating practices for restaurants and other eateries as much as possible to take away service and prohibiting gathering of more than five persons except for work, education, religious gatherings and funerals. “But that is not possible without conditions. We must adhere to the mandatory measures. The virus continues to spread and continues to spread because we do not adhere to the measures optimally.” Santokhi said that his new coalition administration had no alternative but to extend the existing curfew and the lockdown of the country for another two weeks. “The figures paint a gloomy picture. We are noticing an accelerated increase in the number of infections. It is an almost untenable situation”, President Santokhi said, adding that the “critical point” has not yet been reached. The new curfew, which went into effect on Monday, is from 8.00 pm to 5.00 AM (local time) is valid until August 23. Suriname has also closed its international borders, including ferry services to Guyana, until at least August 14. However, exceptions are made for medical emergencies, freight operations, and repatriation. The government said that all gyms and centers are closed until further notice. Contact sports are also not allowed and that all private facilities – casinos, gambling and entertainment venues, including Suribet, bars, clubs, dance halls and brothels – are closed. PARAMARIBO, Suriname– President Chan Santokhi has announced a series of new measures, including a nine-hour curfew as the Dutch-speaking Caribbean Community (CARICOM) country moves to curb the spread of the coronavirus (COVID-19) pandemic. “Because there are still parties and gatherings that are known to promote COVID-19. We don’t treat ourselves and each other with care,” President Santokhi said, acknowledging that the society wants to go back “to the life we ​​knew and normalization. Suriname has 2,489 positive cases of the virus including 785 active cases, of which 98 were recorded in the past 24 hours. “But we are not going to wait for that. We do not want a situation that we cannot cope with,” he said, noting among the factors, an increased pressure on health care. “Otherwise, we foresee further escalation with negative personal, social and economic consequences,” he told the nation on Monday night. CMClast_img read more

Registration opens for London Baby 2018

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first_img SBC Summit Barcelona – Digital 2020 announces free ticket initiative July 21, 2020 Share Submit Share Related Articles Registration has opened for London Baby 2018, the largest networking party held on the first night of ICE London, the world’s biggest gaming exhibition. Organised by SBC and iGaming Business, #londonbaby2018 will return to the stunning Café de Paris for the fourth consecutive year.On Tuesday 6 February, more than 900 sports betting industry guests are expected to attend the opulent London nightclub, located next to Leicester Square in the heart of the city, to enjoy a relaxed networking environment with a complementary bar. London Baby, now established as a core component of the three-day ICE London conference (6-8 February), takes pride in its reputation for providing free drinks until the early hours and unlimited networking opportunities with iGaming and sports betting professionals.SBC Global Founder and CEO Rasmus Sojmark said: “London Baby is the product of a successful long-term collaboration between SBC and iGaming Business, two of the gambling industry’s leading media providers. “For the last seven years, the party has provided a lively and entertaining opening salvo to a busy week, and this year promises to be no different. We can’t wait to welcome the entire industry to the Café de Paris next month.”VIP tables and sponsorship packages are still available, while free individual tickets will be able for collection from the SBC Global stand (SD2 C & D) and iGaming Business stand (ND7 A & B) on the day of the party.To register for free, click here. Free tickets are limited to five per company, while organisations requiring more will need a sponsorship package. To find out more about London Baby VIP sponsorship packages, email sales@sbcnews.co.uk. Mobile Carrier Billing: Gambling operators could be losing up to 70% of revenues July 8, 2020 SBC’s Barcelona Summit to become digital-only event May 29, 2020 StumbleUponlast_img read more

Playtech BGT moves beyond the bonus with ‘Level-Up’ gamification programme

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first_imgShare Eoin Redmond – Playtech BGTPlaytech BGT Sports has announced the launch of its ‘Level-Up’ gamification program, seeking to enhance its partner customer engagements, loyalty and retention dynamics through real-time rewards.Updating the market, Playtech BGT details that it has delivered the best-in-class gamification program for its clients, who moving forward will be able to enhance their market offerings with ‘Level-Up engagements’ including – time-sensitive incentives, betting missions, trophies and engagement triggered prizes.The Level-Up programme has been co-developed in partnership with Tel Aviv gamification studio Captain-Up, as Playtech BGT states that it will deliver new customer engagement dynamics to standardise sports betting customer loyalty programmes.Backing the launch of Level-Up gamifications, Eoin Redmond, Sportsbook Product Director, Playtech BGT states“Playtech “Level Up” is the first fully integrated gamification product available to the industry. It works seamlessly with all Playtech products encouraging usage across both Sportsbook and Casino products. Powered by Captain Up,  the product, has challenges tailored to match any Sportsbook user’s preference. “Level Up” educates customers on new features and helps to build brand loyalty in a competitive landscape. We are excited to be able to showcase this for the first time on the Playtech stand at ICE 2019.”Uri Admon – Captain UpAs co-developer of the Level-Up program,  Uri Admon, Chief Executive of Captain Up studios, details the need for betting operators to provide rewarding customers engagements/experiences, moving sportsbook beyond simple bonus promotions rewards.“Adding an extra buzz to the sports betting experience has been a challenge and a pleasure. By giving real-time feedback to the player we are now able to reward any action, to notify on progression, and to communicate any event and promotion, directly to the customer, achieving the best results. Together, we are taking sports betting to a new level“ Admon details Related Articles Retail closures have ‘severe’ impact on Playtech August 5, 2020 Share Playtech goes live in the US with bet365 August 7, 2020 Submit Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 StumbleUponlast_img read more