PensionsEurope calls for clearing assurance following EMIR delay

first_imgA plenary session of the European ParliamentUnder its proposal, pension schemes’ exemption from mandatory clearing would be extended by two years instead of the Commission’s and Council’s three.The Commission also proposed that an additional two years’ extension be granted if a solution to the problem was “within reach”. The parliament’s proposal was for an additional one-year extension if stakeholders had agreed a solution and needed more time for implementation.The parliament also stated that the next exemption period should be the last. If stakeholders had not agreed a solution, the Commission would need to propose a binding one, but it should not be another exemption.The prospect of a legal gap arising was acknowledged in the parliament’s proposal for amendments to EMIR, as it stated that the exemption from clearing for pension schemes should apply retroactively to all over-the-counter derivative contracts executed after 16 August.“The retroactive application of this provision is necessary to avoid a gap between the end of the application of the existing exemption and the new exemption, since both serve the same purpose,” said the proposal.The solution questEMIR requires central counterparties and their clients to hold cash as collateral for the derivative contracts being traded. However, pension schemes – which use derivatives for hedging strategies and liability matching – prefer not to hold large allocations to cash because this eats into returns.When EMIR was first introduced it was hoped that an exemption from central clearing for pension funds would allow the clearing houses and schemes to come up with a solution, but this has yet to materialise.Last year Commission vice-president Valdis Dombrovskis, responsible for financial stability, financial services and the Capital Markets Union, began organising meetings to bring together central counterparties, pension funds, central banks and investment banks in an attempt to find a solution.According to PensionsEurope’s Verstegen, the solution in the pension investors’ eyes is based on the central repurchase (repo) market, but with central banks acting as a liquidity backstop. The EU’s three bodies are due to commence negotiations on a proposal from the European Commission to amend aspects of EMIR. The Commission tabled this in May 2017 after a “regulatory fitness and performance” check of the regulation.Negotiations between the Commission, the European Parliament and the EU council, the body for member states, could have started sooner but the parliament’s economic and monetary affairs committee decided to have the matter voted on in the plenary rather than going straight to the “trilogue” negotiations. Parliament adopts tougher proposal The EU council adopted its position in December, endorsing the Commission’s proposal, but the European Parliament has taken a tougher stance. European pension schemes could be faced with a legal gap surrounding the obligation to clear certain derivatives after their current exemption from the rule expires in August.PensionsEurope has called for regulators to make clear that the obligation will not be enforced for pension funds if amendments to the European Markets Infrastructure Regulation (EMIR) are not effective until after the exemption runs out on 16 August.Matthies Verstegen, senior policy adviser at the trade association, said an agreement between the EU’s law-making institutions could be reached relatively quickly, but it was now impossible for it to be in force by August.“We hope co-legislators find an agreement as soon as possible,” he added.last_img read more

German club insist on Arsenal midfielder

first_imgHertha Berlin have tabled a bid for Arsenal midfielder Granit Xhaka. Xhaka The Switzerland captain has already agreed personal terms with the Bundesliga outfit, which have offered €25m to the Gunners to sell, says Blick. However, Arsenal boss Mikel Arteta has stated he is reluctant to lose Xhaka midway through the season.Advertisement Arteta’s claims have been dismissed by Xhaka’s camp, which believe it’s all a tactic to drive up his price. His agent, Jose Noguera, said last week: “We agreed with Hertha, he has already asked for approval from coach Arteta and club boss (Raul) Sanllehi.” But for the moment, everything is in limbo given Arteta’s comments. FacebookTwitterWhatsAppEmail分享 Loading… center_img Promoted ContentTop 10 Most Romantic Nations In The World7 Facts About Black Holes That Will Blow Your MindCouples Who Celebrated Their Union In A Unique, Unforgettable Way2020 Tattoo Trends: Here’s What You’ll See This YearWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksBest & Worst Celebrity Endorsed Games Ever MadeTake A Look At The Celebs Who Lost Their Money And Why6 Of The Best 90s Shows That Need To Come Back ASAP7 Ways To Understand Your Girlfriend Better9 Most Epic Movie Robots We’ve Ever Seen14 Hilarious Comics Made By Women You Need To Follow Right Nowlast_img read more

Odion Ighalo opens up on career-best goal

first_imgNigeria’s Odion  Ighalo has described the sensational goal he scored against LASK in the Europa League as one of his career-best.Advertisement Read Also: Ighalo names three Man Utd stars who helped him settle“I am indeed grateful to God for using me to achieve this,’ he added.Interestingly, the award-winning goal, coupled with a later assist for Daniel James in the same game, earned him a place in the Europa League Team of the Week.FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentThe 10 Best Secondary Education Systems In The WorldThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWho Is The Most Powerful Woman On Earth?Who Earns More Than Ronaldo?6 Ridiculous Health Myths That Are Actually True7 Ways To Understand Your Girlfriend Better8 Ways Drones Will Automate Our Future7 Black Hole Facts That Will Change Your View Of The Universe6 TV Characters Whose Departures Have Made The Shows BetterBest & Worst Celebrity Endorsed Games Ever MadePortuguese Street Artist Creates Hyper-Realistic 3D Graffiticenter_img Speaking on Lagos-based Brila FM, the Man United forward described the goal against LASK as one of the best goal he has scored in his entire career.“I’m happy about the goal, that goal if not the best goal of my career so far it will be one of the best,” Ighalo said.“It was a great goal, for the club tagging me The Nigerian Pride is a privilege, you know being the first Nigerian to play and score for the club is really great. The Nigerian’s driven shot to open the scoring against the Austrians, after some skilled ball juggling in the build-up after receiving a lofty pass from Bruno Fernandes.last_img read more

Batesville ‘Fall Ball’ registration open

first_imgBatesville, In. — Batesville Youth Baseball and Softball is offering “Fall Ball” sign-ups for leagues beginning in August and running through the first week of October.Most baseball, softball and T-Ball games at the Plex will be played on Sunday afternoons. Registration is available online at batesvillebaberuth.com/site/.last_img

Mullins sweet on Sceaux Maghull bid

first_img The seven-year-old’s only defeat from 13 career starts came when he fell at Thurles on his chasing debut in November and he has since secured a hat-trick of victories, culminating in a brilliant front-running display at the Cheltenham Festival. Trainer Willie Mullins said : “We’re keen to go there with him. I’m happy with the ground.” Arkle Trophy hero Un De Sceaux is set to playing a leading role on Crabbie’s Grand National day at Aintree on Saturday after he was given the green light to run in the Doom Bar Maghull Novices’ Chase. Un De Sceaux could well cross paths with Arkle runner-up God’s Own, the third home, Josses Hill, and the fourth-placed Vibrato Valtat. Henry de Bromhead’s Sizing Granite, a winner of his last two starts at Naas and Leopardstown, is another intriguing Irish contender among 13 confirmations center_img Press Associationlast_img read more

Search for missing 27-year-old ended after body found on beach

first_imgThe US Coast Guard has ended their search for a 27-year-old man who went missing while swimming near the Fort Pierce Inlet State Park over the weekend, after a body matching his description was discovered on a beach.Anthony Graham’s body was discovered on a beach near Pepper Park Beachside on North Hutchinson Island Monday.Authorities say Graham’s family contacted them around 5:00pm Saturday after they could no longer find him in the water.The US Coast Guard searched continuously for Graham through the weekend but could not locate him.It wasn’t until 7:00 am Monday when a passerby contacted authorities about the discovery of a body that matched Graham’s description that the coast guard ended their search.last_img

Update on the latest sports

first_imgLEXINGTON, Ky. (AP) — Serena Williams came back and won the last four games to beat her older sister, Venus, 3-6, 6-3, 6-4 in a hard-hitting, back-and-forth, second-round matchup at the Top Seed Open on Thursday. It was the 31st meeting of their careers and it came 22½ years after the first.After their meeting at the first official tennis tournament in the United States since the onset of the coronavirus pandemic, the siblings simply tapped rackets. No handshake or hug. Venus is 40, and Serena turns 39 next month, making their combined age the highest in a WTA match since 2004, when Martina Navratilova, 47, played Amy Frazier, 31.TENNIS-US OPENNo. 1 Novak Djokovic says he’ll play at US Open, after all August 13, 2020 Associated Press Hield finished with 28 points and Bogdan Bogdanovic (BOY’-ahn bahg-DAH’-noh-vich) had 27. The Kings made 21 3-pointers. Most Lakers starters were held out, but LeBron James had 17 points in 15 minutes all in the first half. Dion Waiters led the Lakers with 19 points. Los Angeles locked up the Western Conference’s No. 1 seed three games into the restart but the Lakers still don’t know who they will face in the first round of the playoffs. The No. 8 seed will be determined in a play-in this weekend.In other NBA action:— Thomas Bryant had 26 points and nine rebounds to help the Washington Wizards beat the Boston Celtics 96-90 for their lone win in the restart. Troy Brown Jr. added 17 points and eight rebounds for the Wizards, who had long been eliminated from the playoff race and had lost their first seven games in the bubble. The Celtics, who already were locked into a playoff matchup with the Philadelphia 76ers, sat their starters. Rookie Javonte Green had a season high 23 points and Semi Ojeleye added 13 points and eight rebounds for Boston. MLB-SCHEDULE Federal lawmakers have said they intend to get involved but are wary of granting antitrust protections to the NCAA, which wants to provide athletes with rights regarding name, image and likeness but with some regulation. Tomas Nido homers twice to power Mets past Nationals 8-2UNDATED (AP) — Tomas Nido had his first two-homer game as a professional, hitting a two-run shot in the fourth and a grand slam in the fifth to lead the New York Mets to an 8-2 win over the Washington Nationals and a split of the four-game series. He is just the fifth catcher in Mets history to hit at least two homers and collect at least six RBIs in a game.The victory may have may have been costly for the Mets. Left fielder Jeff McNeil was carted off after crashing into the wall while robbing Asdrubal Cabrera of a two-run extra-base hit to end the first inning. He is being evaluated. Washington’s Juan Soto capped a sensational series by homering in the sixth. He was 7-for-15 with four homers and eight RBIs in the four-game set.Nationals star Stephen Strasburg earned one of baseball’s most unique ejections in the third inning. Strasburg was sitting in Section 121 at Citi Field on Thursday in this socially distant season because he’s scheduled to start Friday against Baltimore Orioles. He was apparently unhappy with the strike zone of plate umpire Carlos Torres after Austin Voth’s 2-2 pitch to Pete Alonso on the outside corner was ruled a ball. Torres ejected last year’s World Series MVP just moments later although it took a few seconds to realize who had been tossed.NFL-NEWS TORONTO (AP) — Montreal Canadiens general manager Marc Bergevin (BERZH’-eh-vin) says coach Claude Julien was taken by ambulance to a Toronto hospital after experiencing chest pains Wednesday night. Julien remained in the hospital Thursday afternoon while more tests were being conducted to determine the cause of his condition.Bergevin said the situation is not COVID-19 related. The 60-year-old coach is not expected to be back behind the bench for the rest of the team’s first-round series against Philadelphia. Associate coach Kirk Muller will take over Julien’s role in an interim basis. TENNIS-LEXINGTONSerena beats Venus to take 31st meeting NCAA-COMPENSATING ATHLETESSenators lay out plan for college athletes bill of rightsWASHINGTON (AP) — A group of senators led by Cory Booker of New Jersey and Richard Blumenthal of Connecticut has released a plan for reforming college sports with an athletes bill of rights. It calls for college athletes to have the ability to earn money for their names, images and likenesses with “minimal restrictions.” The senators also want to ensure for the athletes long-term medical coverage and treatment, enforceable medical standards, academic freedom and revenue sharing agreements. Booker and Blumenthal were joined in the statement by fellow Democrats Chris Murphy from Connecticut and Kamala Harris from California.The NCAA is in the process of changing its rules to permit athletes to earn money off their names, images and likenesses for things like endorsements and appearances. The association has asked for help from Congress to relieve pressure from state lawmakers. California, Florida and Colorado have already passed bills. Florida’s would take effect in 2021. — New Mexico State has postponed its football season because of COVID-19 concerns and state restrictions. The Aggies are the third independent FBS program to decide not to play in the fall, joining Connecticut and Massachusetts. They are the 53rd major college football program overall to opt out. New Mexico State says it will explore playing football in the spring.— The Big Sky Conference has decided to postpone all of its fall sports competitions until the spring. The move follows the league’s decision last week to scuttle the fall football calendar. The league includes teams from California, Colorado, Arizona, Idaho, Washington, Montana and Utah. The conference is allowing its member institutions to continue workouts so long as they abide by local health requirements. The latest decision to push back fall sports affects men’s and women’s cross country, soccer and volleyball, men’s and women’s golf, softball and men’s and women’s tennis.— The Southern Conference has canceled its fall conference seasons, shifting competition to the spring because of the pandemic. The NCAA Division I league’s Council of Presidents voted on the move Thursday. The decision affects football, volleyball, men’s and women’s cross country and men’s and women’s soccer. The conference is made up of 10 schools spread across Alabama, North Carolina, South Carolina, Tennessee and Virginia. It competes in the Football Championship Subdivision. — Tulane University officials say they’re “actively pursuing” a new opponent for the school’s Sept. 3 home opener after the Southland Conference announced on Thursday it was postponing football and all other fall sports. Tulane had scheduled Southland Conference member Southeastern Louisiana for its season-opener at Yulman Stadium on the Thursday night before Labor Day weekend. The Southland’s decision to postpone fall sports while investigating the possibility of playing in the spring has put the Green Wave’s first game in doubt. Tulane plays in the American Athletic Conference, which for now has maintained its fall football schedule.— The West Coast Conference has postponed all conference fall competition, saying the “welfare” of the student-athletes was the “guiding principle.” The league says it is working on plans to ensure a safe environment to conduct the 2020-21 WCC men’s and women’s basketball seasons in the winter. The postponement does not preclude schools from scheduling non-conference competitions in low-risk sports in the fall. AP source: Kittle agrees to 5-year extension with 49ersUNDATED (AP) — All-Pro tight end George Kittle has agreed to a five-year, $75 million extension with the San Francisco 49ers that is the richest contract ever at the position. The previous high for annual value on a multiyear contract for a tight end, according to overthecap.com, was the $42 million, four-year deal Austin Hooper signed this offseason in Cleveland.Kittle had been one of the NFL’s biggest bargains after being drafted in the fifth round in 2017.A person familiar with the deal says the sides agreed on the deal to keep Kittle off the market next offseason. The person spoke on condition of anonymity because the contract hadn’t been announced by the team. NFL Network first reported the terms and says Kittle will get an $18 million signing bonus. NCAA experts warn of coronavirus spreadUNDATED (AP) — The NCAA’s chief medical officer and two of its infectious disease expert advisers are sounding new warnings about the spread of the coronavirus. They say it remains an obstacle for college sports to overcome.Dr. Carlos Del Rio of Emory University in Georgia says the focus should be on controlling the virus, not playing sports in the fall. The Big Ten and Pac-12 became the first two Power Five conferences to decide not to play football, or any sports, this fall. In all, four Bowl Subdivision conferences are pointing toward trying to make a spring football season work. Six others say they are still planning a fall season, including the Southeastern Conference, Atlantic Coast Conference and Big 12 — more than three-dozen big schools from New York to Texas.In other virus-related college sports news: UNDATED (AP) — Novak Djokovic (NOH’-vak JOH’-kuh-vich) says he will enter the U.S. Open and the hard-court tuneup tournament preceding it in New York this month. The No. 1-ranked Djokovic initially complained about the U.S. Tennis Association’s plans to try to protect people from the coronavirus pandemic with such measures as limiting the size of players’ entourages and said he didn’t know whether he would participate. Djokovic tested positive for COVID-19 after participating in an exhibition tour he organized. The U.S. Open is scheduled to begin Aug. 31, without spectators.Reigning U.S. Open champion Bianca Andreescu (an-dree-EHS’-koo) has pulled out of the Grand Slam tournament. She says the coronavirus pandemic prevented her from properly preparing for competition. Andreescu is the first Canadian to win a major singles championship in tennis. She joins 2019 men’s champion Rafael Nadal in skipping the U.S. Open.VIRUS OUTBREAK-COLLEGE SPORTS Update on the latest sports In other NFL news:— The Chiefs and star tight end Travis Kelce have agreed to a four-year, $57.25 million contract extension that will keep him with the Super Bowl champions through 2025, a person familiar with the contract tells The Associated Press. The person spoke on condition of anonymity Thursday because the deal has not been announced. The move to secure the two-time All-Pro tight end is the latest in a string of big-money deals negotiated by general manager Brett Veach to keep the core of the Chiefs intact this offseason. Among them were a 10-year extension for quarterback Patrick Mahomes and a four-year deal for Pro Bowl defensive tackle Chris Jones.— The Buffalo Bills are protecting quarterback Josh Allen’s blindside for the long term after signing left tackle Dion Dawkins to a four-year, $60 million contract extension. The team announced the signing, while a person with direct knowledge of the contract provided the value of the deal to The Associated Press. The person spoke on the condition of anonymity because the team did not release that figure. Dawkins has been a starter in Buffalo since being selected in the second round of the 2017 draft out of Temple.NHL-CANADIENS-JULIENCanadiens coach Claude Julien hospitalized with chest pains Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-SCHEDULEKings sink 21 3s, roll to win as Lakers rest most startersLAKE BUENA VISTA, Fla. (AP) — Buddy Hield (heeld) made a 3-pointer that capped Sacramento’s streak of 11 consecutive baskets made in the third period and the Kings beat the Los Angeles Lakers 136-122. last_img read more

Baseball prepares to open season versus Coppin State

first_imgLocked in · Sophomore infielder Dillon Paulson will look to build on a strong freshman campaign in which he appeared in 40 of USC’s 56 games – Tal Volk | Daily TrojanAs the USC baseball team winds up for the new season starting this Friday against Coppin State, excitement and uncertainty is brewing in the air.“Opening day is always special because it’s the start of a new season,” senior outfielder Corey Dempster said. “Everything resets, a new lineup, everything is new. You can’t compare it to last year, you can’t look forward to next year, all that matters is opening day.”The Trojans lost 12 players from last year’s team in a record-breaking MLB Draft for USC. Former stars such as David Oppenheim and Jeremy Martinez, who provided excellent hitting and power, will need to be replaced with younger, more inexperienced bats. With a completely transformed lineup and pitching rotation that will likely evolve from game to game, freshman players will need to take on important roles.“They’re going to have to come off the bench to do well,” Dempster said. “They’re not going to think they have a big impact, but later in the season it always rolls around to them.“Definitely on the mound because our staff is so young, they’re going to have to step up in big spots. Get zeros, compete — that’s really all it’s about. Just go out there and give us a chance to win.”Despite a very young and reshaped roster, USC does have some familiar faces on this year’s squad. In addition to Dempster, who batted .290 last year with 10 stolen bases, redshirt junior infielder Frankie Rios (.323 batting average) and junior infielder Adalberto Carrillo (seven home runs) return to strengthen the top of the order. In terms of pitching, only junior Mitch Hart and sophomore Marrick Crouse started more than two games last season, but the bullpen will be aided by the arrival of Brock Larson, a senior transfer from University of San Francisco who pitched to a 4.28 ERA last season.“On the mound, I think whether it’s Mitch Hart or Brad Wegman or Marrick Crouse, we’re going to need those guys to really step up and be significant weekend starters in our league,” head coach Dan Hubbs said. “[And] you look at Adalberto Carrillo at third: He’s a plus defender at third and he has big, big power.”Last season, the Trojans finished an even 28-28 overall and 15-15 in conference play. This year, the team aims to find more consistency on its journey to once again become a national powerhouse.“We’ve started to put ’SC baseball back on the map, but I think this group is ready to make its mark,” Hubbs said. “They practice hard, they play hard and they’re going to play with a lot of energy and passion. I think it’ll be fun for students and fans to watch us play this year.”The team’s path begins Friday against the Coppin State Eagles, a Mid-Eastern Athletic Conference team based in Baltimore. Last season, the Eagles finished 14-38, and they are four years removed from a 1-52 season. But regardless of the opposing team’s pedigree, the Trojans know that opening day will be special.“Just the fact that we’re getting back out onto the field,” Hubbs said. “I think that if you’re a Trojan fan, these kids will give you a lot to be proud of, and you’ll like the way we play. The style of play — it’s going to be exciting. It’s always fun when you get the opportunity to see a bunch of new guys out there.”USC kicks off its season on Friday, playing the first of a three-game set against the Eagles at Dedeaux Field. First pitch is scheduled for 6 p.m., and the series will wrap up with two weekend matinees, beginning at 2 p.m. on Saturday and 1 p.m. on Sunday.last_img read more

Codere Chairman calls for political sense following Royal Decree approval

first_img Share Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Submit Share Norman Sorensen, Chairman of Grupo Codere SA, has urged Spanish ministers to maintain reasoned dialogue and analysis of Spain’s gambling sector. Sorensen made his comment in a letter accompanying Codere’s Bolsa Madrid annual statement, which emphasised that Spanish gambling has been besieged by ‘false beliefs’ and ‘radical political positions’ against its incumbents. Sorensen’s appeal comes after Spain’s new coalition government passed its long-awaited Royal Decree on advertising, enforcing stringent federal restrictions on the marketing of land-based and online gambling verticals in February.In his letter, Codere’s Chairman accepted the conditions of the Royal Decree, acknowledging that Spanish advertising had been ‘exacerbated by the overexposure of online gambling’. However, Sorensen believes that ‘radical positions’ are being taken up with regards to wider industry dynamics, in which the government does not maintain the statistical evidence to enforce further punishing decrees. Sorensen warned political actors not to replicate Italian gambling’s punishing agenda, in which the enforcement of a blanket advertising ban, alongside an operator ADM transactional registry, has seen no diminishing engagement by consumers with gambling products.  Having reformed Spain’s advertising code, Alberto Garzon (Minister of Consumer Affairs) has earmarked a federal overhaul of land-based gambling laws.Garzon’s motives concern Sorensen, who stated that he has held hundreds of meetings with community executives warning of severe economic consequences should land-based gambling become a federally regulated sector.Sorensen urged ministers to respect Spain’s autonomous frameworks governing arcade, casino and retail betting premises, in which a ‘status quo’ favours regional governments and their civic directives.Codere’s Chairman underlined that autonomous governments have established effective regulations on gambling premises with regards to licensee requirements, venue maintenance and consumer protections. TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 StumbleUpon Related Articles CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020last_img read more

Red Wings finally retire Red Kelly’s No. 4 in Detroit

first_imgRed Kelly played for two Original Six franchises, but he’s only one of eight to be honored in the rafters by the @DetroitRedWings. #NHLStats #4ever pic.twitter.com/QDmusWvgYD— NHL Public Relations (@PR_NHL) February 2, 2019Named one of the NHL’s 100 greatest players in history in 2017, Kelly joins Detroit teammates Gordie Howe, Ted Lindsay, Sid Abel, Terry Sawchuk and Alex Delvecchio in having his number raised to the rafters by the Original Six club.”We are honoring a legend, a hero,” Hall of Fame coach Scotty Bowman noted during the ceremony.Kelly’s number is also retired by Toronto, which was the visiting team Friday night. Kelly is one of nine players in NHL history to have their jersey retired by more than one team. Red Kelly’s #4 goes up to the rafters. pic.twitter.com/1RI4vL9ULz— NHL GIFs (@NHLGIFs) February 2, 2019Kelly wore the spoked wheel for 12 1/2 years, netting 472 points in 846 games as a defenseman for the franchise. He won the Norris Trophy as the NHL’s top D-man following the 1953-54 season.”Seventy-one years ago I joined the Detroit Red Wings out of junior and they gave me No. 20 as a number,” Kelly told a packed Little Caesar’s Arena. “I came back the second year and they changed my number to 4 from 20 and I complained. I said, ‘I liked my 20, why are you changing it?’ They said, ‘One number is lighter to carry than two.’ So I thank them, appreciate for the great years we had in Detroit.”  A cantankerous relationship with then-GM Jack Adams ended with Kelly being traded to Toronto during the 1959-60 season. He shifted to center with Maple Leafs and went on to win four of his eight Stanley Cups with that franchise.Kelly was also awarded the Lady Byng Trophy for gentlemanly play four times, three with Detroit. Kelly jokingly told the crowd that the jersey retirement “wouldn’t have happened in the old days under the Adams regime.” It may have taken a while, but Red Kelly’s No. 4 is finally hanging in the rafters in Detroit.Friday night, the Red Wings honored the 91-year-old Hall of Famer and eight-time Stanley Cup champion by retiring his jersey.last_img read more