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When the bucks stop, what does sport have up its sleeve?

12.12.2018, Comments Off on When the bucks stop, what does sport have up its sleeve?, 苏州桑拿会所, by .

Manchester United is negotiating a $20 million deal for a shirt sleeve sponsor. The suitor is Tinder, the dating app. Anyone who follows the frenzy that is the transfer window in European soccer will acknowledge that this is a match made in heaven. See player, swipe right, and before you know it, he is kissing your crest.
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In the same week, the Brazilian Neymar moved from Barcelona to Paris-St Germain for a fee of $330 million. The world game appears still to be wallowing in money. So are the major American sports.

So, allowing for scale, are ‘s principal sports. The AFL celebrates each new and richer TV deal as if winning some sort of money superleague. Cricket went through a bit of rough and tumble in negotiations with its players, but at the end could boast that it had at least achieved one goal, to make cricketers the best paid team sportsmen and women in the country. The good times continue to (bank)roll.

But for how much longer? Columnist Shira Ovide posed that question this week in Bloomberg BusinessWeek. She noted that TV viewership had fallen in America’s NFL and English Premier League, also that younger Americans tuned out of last year’s Olympics broadcasts.

“The sports industry has become powerful because of its symbiosis with TV,” Ovide wrote. “The networks sign contracts for many years for the rights to televise sports. Those games are popular with viewers and advertisers. That means TV companies have the money to keep paying higher fees for sports.

“[But] this stream may have already peaked. For now, sports remain some of the most popular programming in the world, but there are signs of strain.”

A similar strain is detectable in . Audiences are moving on, from free-to-air TV, to pay TV, to streaming outlets, and the advertising money is going with them. Footy appears healthy enough for now, but Cricket faces a challenge when its rights come up for renegotiation next year, since one broadcaster is Channel Nine, which analysts say may find more cricket to be a net drain on its business, and the other is Channel Ten, which is in administration and unlikely to be in a position to bid.

The rivers of gold may turn to sludge, drained by cowboys upstream, as in the Murray Darling. We in print media are here to say that it happens. For now, sport has two guarantees. One is ‘s still tight anti-siphoning legislation. The other is that televised sport works best live, so is not especially suited to Stan or Netflix, for instance.

But looming in the distance are the techno titans, Facebook, Google, Twitter and Amazon. Ovide says US sports are licking their lips in anticipation that they will deliver billions of viewers one way, dollars the other. Some have dabbled; Youtube in the IPL, for instance.

But not so fast, says Ovide. The bottom line is that they don’t need sport as TV does. They have vast audiences already, for nothing. At best, says Facebook’s Mark Zuckerberg, they might share revenue from advertising during sports programs, but pay nothing up front, as broadcasters do by the billions now, and on which sport depends. They might stream select events, but not whole competitions. They might not do business at all.

“Those upfront fees from TV have been the lifeblood of sports leagues for decades,” writes Ovide, “and losing them could mean real danger to the financial foundation of the sports industrial complex.”

n sport sees no imminent threat. Here’s CA’s Ben Armafio on Friday: “We are keenly tracking the major telco and tech companies’ forays in this space but we are very confident that for the near future FTA and subscription TV will remain the dominant platforms for sports viewing.” And the AFL, via a spokesman: “As the future of broadcasting continues to evolve, we remain confident that the strength of interest in the game, our clubs and our players can continue to drive a strong financial outcome for all our key stakeholders.”

So, they’re alert for sand, but not putting their heads in it.

Time was when certain TV moguls in this country might have continued to underwrite sport on TV forever because they liked it and because it was sport, ‘s beloved.

In this, there were echoes of an interview The Independent did 20 years ago with Newcastle United fans. One woman waxed poetically about the dreamy delights of the Frenchman David Ginola. But would she kiss Peter Beardsley, she was asked. “Yes,” she replied, “out of respect.”

CBA weighs, but ASX ends week higher

12.12.2018, Comments Off on CBA weighs, but ASX ends week higher, 苏州桑拿会所, by .

A large slump in Commonwealth Bank held the sharemarket back on Friday, but the ASX still managed to end the first week of earnings season slightly higher.
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Investors on Friday moved more aggressively to sell CBA shares as further details emerged of the scope of the civil case being brought against the bank by the anti-money laundering regulator. CBA shares dropped a sharp 3.9 per cent to drag the benchmark S&P/ASX 200 index down 0.25 per cent to 5720.6 points.

The index still ended the week 0.3 per cent higher despite a mixed batch of earnings reports.

“The start of reporting season was a bit of a fizzer really, with Navitas, ResMed, Rio Tinto and Suncorp all disappointing so far,” said Citi equities director Karen Jorritsma.

Citi upgraded ResMed to a ‘buy’ despite missing expectations, following Wednesday’s 6 per cent sell-off on a flat margin outlook.

“Valuation looks appealing again here and we assume that mask growth returns to at least market rates which should leave the full-year 2018 margin guidance looking conservative,” Ms Jorritsma said.

ResMed shares dropped 2.2 per cent over the week, its sixth straight week of losses after a strong start to the year.

Rio Tinto was also a miss, disappointing very lofty expectations. The stock fell the day after it reported, but investors quickly stepped back in to lift the shares 1.6 per cent over the week.

“We stick with the ‘buy’ call based on the strong free cash flow and potential for additional capital management when the Coal & Allied sale closes, particularly at current iron ore prices,” Ms Jorritsma said, adding she saw potential for $US2.6 billion in additional capital management in 2018 and $US3.8 billion in 2019 even if gearing was kept at a very conservative 10 per cent.

In a relatively quiet day of reporting Friday, Tabcorp revealed a $21 million loss thanks to costs related to its proposed acquisition of Tatts, as well as legal costs and spending related to its new UK business. Nonetheless, Tabcorp shares lifted 1.4 per cent on Friday.

Investors smashed Sims Metal Management following the abrupt news that CEO Galdino Claro and CFO Fed Knechtel had resigned, with the stock ending the session down 12.5 per cent.

Webjet shares jumped 8.8 per cent on its return to trade. The online travel agent had spent tow days in a halt as it completed the institutional stage of a capital raising. Stock Watch: Suncorp

Suncorp shares were one of the big underperformers of the week, losing 4.5 per cent over the five days after Thursday’s results came in well below expectations. The negative reaction was exacerbated by a $100 million investment spend surprise that will depress return on equity for another year, Bell Potter’s TS Lim fears. Lim still sees Suncorp’s results as “credible” given solid insurance top line growth, maintaining his ‘buy’ rating, while cutting the price target to $14.85. Other brokers are less sanguine, with both APP Securities and Goldman Sachs downgrading the stock. “Coupled with higher expenses … Suncorp’s earnings trajectory is less compelling in the near term, and we see less prospect of capital management,” Goldman analysts say. Market movers

Retail sales

Retail sales were uninspiring in June, but retail volumes for the June quarter, released simultaneously, were stronger than forecast, coming in at 1.5 per cent. “The strength in retail sales volumes indicates that the improvement in the labour market is gradually spilling into the rest of the economy,” says Barclays economist Rahu Bajoria .Retail trade rose by 0.3 per cent in June to be up 3.8 per cent over the year. Non-food retailing rose by 0.5 per cent in June. Non-food retailing has risen by 2.4 per cent in the past three months and is up 3.8 per cent on a year ago.

RBA

The Reserve Bank remains confident the economic recovery is broadly on track, with headline inflation slightly higher than expected, but warns that uncertainties over the rising n dollar, housing prices and China’s economic policies could cloud this outlook. In its quarterly monetary policy statement, the central bank lowered its forecast economic growth by half a percentage point for this year (to 2-3 per cent), and a quarter-point in the first half of next (to 2.5-3.5 per cent), saying the Aussie dollar “had a modest dampening effect” on GDP growth.

Oil

Traders sold oil on Friday, with US crude remaining below $US50 a barrel, restrained by rising output from the United States as well as producer cartel OPEC. Brent crude was fetching $US51.88 a barrel late on Friday, with US West Texas Intermediate was trading at $US45.91 a barrel. Traders said prices were being pulled down by rising output, although strong demand prevented bigger drops. “Developments this week have seen some pessimism return to markets,” National Bank said in its August outlook.

Dow Jones

The blue-chip Dow Jones Industrial Average closed over the 22,000 mark for the first time on Wednesday, driven by strong earnings results from Apple and Boeing. The Dow is dominated by large multinational companies with a higher-than-average share of international earnings. The Dow is a price-weighted index, meaning names like Apple, with its $US157 price tag, and Boeing, which is trading at $US238 per share, will generally have more of an influence over the index.

Victor Perry removed as chair of Aboriginal Cultural Heritage Advisory Committee over native title bungle.

12.12.2018, Comments Off on Victor Perry removed as chair of Aboriginal Cultural Heritage Advisory Committee over native title bungle., 苏州桑拿会所, by .

Minister for Environment and Heritage Gabrielle Upton A Hunter man has been removed as the chair of a committee that advises the state government on Aboriginal heritage issues, amid revelations he was mistakenly appointed to the role without the right credentials.
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Victor Perry was made chair of the Aboriginal Cultural Heritage Advisory Committee in late 2016, a positionthat involves guiding reformand providing”high level” advice to Environment and Heritage Minister Gabrielle Upton.

The Office of Environment and Heritage (OEH) appointed Mr Perry under legislation requiring him to be a registered native title claimant. An online biography, now removed, said Mr Perry identified asa Wonnarua man andwas a registered claimant in the Hunter Valley.

But when a member of the public, Scott Franks, searched official registers he did not find Mr Perry listed.

Mr Franks alerted Greens MP David Shoebridge, who raised the matter with Ms Upton.

In a letter to Mr Shoebridge, seen by theNewcastle Herald, she responded that an investigation had found the department made an“error” in itsinterpretation of the relevant legislation.

“As a result, OEH has established that the appointment of one of the members is invalid,” Ms Uptonwrote. “OEH will begin an advertising process to fill the vacancies on the committee.”

Mr Franks also applied to be on the committee –supplying documentation to show he was a registered native title claimant on behalf of the Wonnarua people –but was rejected.

He did not feel the department’s recruitment process had been fair or included properchecks and balances.

“How are people getting on these committees that advise government bodies and ministers when they haven’t got the credentials?It would have taken five minutes for the department to log on and check who was a registered claimant,” Mr Frankssaid.

An OEH spokesperson did not directly answer when asked if it had searched the registers but said all applicants were required to provide supporting documentation to show how they met the criteria.

Mr Franks lodged a freedom of information request for all internal departmental records relating to Mr Perry’s appointment, but was refused on the grounds they were “cabinet information”.

Greens MP David Shoebridge said the committee had an important role in overseeing reformand it was crucial its representatives met the relevant criteria.

“This questions the due diligence in the department,” he said.“It’s almost as though matters concerning Aboriginal don’t get the same scrutiny as the rest of the government.”

Mr Perry did not respond to theHerald’srequest for comment.

Luteru brothers feeling right at home at Wests

12.12.2018, Comments Off on Luteru brothers feeling right at home at Wests, 苏州桑拿会所, by .

They’re the three brothers belting out hits in front of adoring crowds and no, they aren’t the Bee Gees.
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Brothers Junior, Charlie and TP Luteru may not be chart toppers but they’re certainly making an impact for Wests in the John I Dent Cup.

All three will line up for the Lions when they meet Queanbeyan in the elimination semi-final at Viking Park on Sunday.

Middle brother Charlie and Junior were born in Samoa while TP was born in Auckland, and a do-or-die semi-final clash in Canberra has been a long time coming.

Brought up in a family of six boys, the trio quickly turned to rugby – a passion that continued to grow as they attended Wesley College, the school that produced Jonah Lomu.

Junior is the oldest at 33 and was the first to cross the Tasman in 2012 to don the blue and maroon jumper.

The winger was set to retire two years later and made the call to Charlie, who had found himself playing in Dubbo, to entice him to the capital.

TP followed this year and has established himself as Wests’ starting hooker.

“I got a call from Junior when I was in Dubbo,” Charlie said.

“He wanted me to play one final season with him before he retired and that was four years ago.

“It’s been a long journey and it’s really exciting to do it as a family.”

All three have earned representative honours in New Zealand provincial side Counties Manukau’s age grade teams.

Junior also played for Taranaki in New Zealand’s provincial top flight, while youngest brother TP has pulled on the jersey for the Chiefs’ junior sides and the Samoan Under 20s.

The family moved to Auckland when Junior and Charlie were still young but all three brothers are immensely proud of their roots.

Ingrained in their upbringing was a strong Christian culture and the trio bow their heads in prayer before every game.

“Each of us have our own rituals but we are all connected to God,” Charlie said.

“Each one of us say our own prayers before heading onto the field, we were all raised up in a Christian church so religion is very big in our family.”

Wests face a do-or-die clash this weekend when they run out to face Queanbeyan with the loser exiting the finals.

The side has received a welcome boost with former Brumbies fly-half Nick Jooste starting to hit some form after a long injury layoff.

Junior said while the squad was disappointed to have dropped some crucial points, they were proud of the way they had performed so far.

“We’ve had some really good games but then some that we really let slip,” Junior said.

“All in all it’s been a really good season though, certainly the best since I have been here, on and off the field.”

JOHN I DENT CUP FINALS

Saturday: Major semi-final: Royals v Tuggeranong Vikings at Viking Park, 3.25pm

Sunday: Minor semi-final: Wests v Queanbeyan Whites at Viking Park, 3.15pm

Matthew’s final gift was his heart

12.12.2018, Comments Off on Matthew’s final gift was his heart, 苏州桑拿会所, by .

Heart was Matt’s final gift Matthew Brown, who was killed in February in a motorbike crash.
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SOLACE: Christine and Russell Brown, whose son Matthew was killed in a motorbike crash in February, and their daughter Michelle. Matthew’s organs were donated to five people. Picture: Jonathan Carroll

SOLACE: Christine and Russell Brown, whose son Matthew was killed in a motorbike crash in February. Matthew’s organs were donated to five people. Picture: Jonathan Carroll

SOLACE: Christine and Russell Brown, whose son Matthew was killed in a motorbike crash in February, and their daughter Michelle. Matthew’s organs were donated to five people. Picture: Jonathan Carroll

Matthew Brown, who was killed in February in a motorbike crash.

Matthew Brown, who was killed in February in a motorbike crash, and his pug Gemini.

TweetFacebookWHENMatthew Brown came off his motorbike at Eastern Creek on a stinking hot dayinFebruarywith hisfather Russell watching inthe stands,his family beganthe worst 48 hours of their liveswith a single comfort.

In the weeks before the accidentMatthew, 34,had done things he’d never done, or hadn’t for ages. He’d gonekayaking with his dad, sorted out his will,entered his pug Gemini in a dog show (which she won).

He’dtold his mother Christine, firmly, that he wanted todonate his organs if he died.

“He’d always riddenbikes since he was a little boy. The person who got his heart, they got a perfectly strong heart,” Mr Brown said.

“Matthew had a massive heart.”

The Sunday he came off his Suzukiat 180 kilometres anhour,Eastern Creek hadfelt like the hottest place in the country. Matthew and Russell had journeyed down from the family home in Medowie, where Russellteased his son and daughterMichelle, 37, that he’d neverget rid of them.

Matthew had a conversation withhis dad in pit lane, the last one, mostly jokes.Then he took off.

“We had a phone call from Dad saying Matthew’s had a fall, and not knowing if he’d survive,” Michelle said.

“We rushed down to Sydney and he’d just come out of surgery. Then [Organ donation body] DonateLife asked if we intended on donating his organs.”

And as Matthew drifted through the final hours of his life, which ended soon after doctors told the Browns the blood had stopped flowing to his brain, organ recipients were being lined up to receive his kidneys, pancreas, liver and heart.

The Browns gave staff at Westmead Hospital theirinstructions, in line with Matthew’s wishes, for his organs to be harvested.It brought themsolace, Mrs Brown said, staved off a bit of the helpless feeling.

“It kept our minds ticking over all the time,” she said.

“I think everyone should have the conversation with their loved ones, while they can. It’s not that hard.”

The Brownsdidn’t agree to everything; they didn’t donate Matthew’s eyes.

Hisorgans were taken and transplanted inside five people.

His chest was flat when his family saw him again, his father noticed, not caved in. There were signs of a cut.

Speaking on Friday near the end of DonateLife Week, the annual drive for more people to register as donors, the Browns had just been forwardeda letter from the family of a12-year-old boy whohad receivedMatthew’s liver.

“You have saved another person’s life,” it read, “our little brother and son.”

People can register to donate their organs by visitingregister.donatelife.gov.au.