Arsenal open door for £350k-a-week Mesut Ozil to leave this summer

first_imgAdvertisement Arsenal open door for £350k-a-week Mesut Ozil to leave this summer Advertisement Ozil has been at the club since 2013 (Picture: Getty Images)Arsenal are yet to put a new contract offer on the table for highest-paid player Mesut Ozil, with his current deal due to expire in 2021.The German playmaker is one of the Gunners’ longest-serving players, having joined in 2013 for a £42.4million fee from Real Madrid.Ozil was handed a lucrative new deal after the departure of Alexis Sanchez to Manchester United in 2018, but according to ESPN, Arsenal are unsure if they want to extend his stay in north London.Read the latest updates: Coronavirus news liveADVERTISEMENTThe 31-year-old was sidelined for long periods under former boss Unai Emery, but has had an upturn in playing time and form under new coach Mikel Arteta.AdvertisementAdvertisementDespite that, the club’s hierarchy are unsure on offering a contract extension, and could cash in this summer, or let him go on a free at the end of next season.Ozil’s salary trumps the rest of the Gunners squad by some way, with star striker Pierre-Emerick Aubameyang the second-highest paid player on £200k a week. Ozil could be resigned to losing Ozil (Picture: Getty Images)The midfielder was reportedly one of three Arsenal players to have rejected a 12.5 per cent pay cut to cover the financial burden of the coronavirus pandemic.The rest of the squad agreed to take the hit to their salary for the next 12 months, which would be paid back in full if the Gunners qualify for the Champions League, or partly compensated if they enter the Europa League.However, Ozil is said to want to understand exactly where the money is being spent before he parts way with a percentage of his £350k-a-week wage.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalBoss Mikel Arteta is also facing a fight to hold onto top scorer Aubameyang, with the club reportedly ready to listen to offers for the Gabon international.The 30-year-old, who has scored 17 league goals this season, could be let go for around £30million this summer.MORE: Lee Dixon remembers his training ground punch-up with Dennis Bergkamp before Arsenal played TottenhamMORE: Shaun Wright-Phillips details failed Arsenal move as Chelsea swooped to sign himFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Metro Sport ReporterTuesday 28 Apr 2020 4:38 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.4kShares Commentlast_img read more

Belgium targets €100bn in pension assets by 2025

first_imgHowever, he emphasised that the growth objective was “not a question of being aggressive” or competing against other countries, but about growing the second pillar and taking a part of the additional assets.  The EU’s latest triennial pension adequacy report, published last year, showed that Europe faced “a major challenge… to avoid retirement poverty”, he said.According to PensioPlus, 19 cross-border pension vehicles have been established in the country. Information maintained by FSMA, the Belgian financial markets supervisor, showed these pension funds were active in countries including Cyprus, Greece, Ireland, the Netherlands, Spain and Switzerland.According to FSMA, at the end of 2017 the total balance sheet of pension funds in Belgium stood at €35bn, up 18% from the year before. Asset transfers from foreign pension scheme providers played a big part in this growth.Speaking to IPE’s sister title Pensioen Pro, Neyt said there were a number of countries that could transfer pension funds to Belgium using cross-border rules introduced under IORP regulations. This was despite new restrictions brought in last year in the Netherlands in an attempt to raise the bar for such transfers.Aon last week relaunched a plan to switch the Pensioenfonds Aon Groep Nederland to Belgium – although it must now obtain the backing of at least two thirds of its members. Credit: Joaquin Aranoa Brussels, BelgiumInvestment returnsBelgian pension funds lost 3.2% on their investments in 2018, PensioPlus reported, although this result was more than offset by performance in the first quarter of 2019.The association said stronger financial market conditions at the beginning of this year meant investments run by domestic pension funds had gained 2.2% by the end of February.PensioPlus also suggested that the 2018 result was a snapshot of “little significance”, with pension funds’ investment performance needing to be analysed over the long-term. Over 34 years Belgian pension funds’ invested assets had gained 4.4% a year net of inflation, it reported.Funds were also in a “very strong” funding position as at the end of 2018, PensioPlus said: based on figures from the end of 2017, the short-term funding ratio was 137% and the long-term funding ratio was 114%.Every year PensioPlus surveys domestic pension funds about their investment performance and asset allocation. The latest survey captured 63 workplace pension funds with €22.6bn in assets under management, representing 64% of the sector. Belgium’s workplace pension fund association would like to see the country’s schemes hold a collective €100bn assets under management by 2025 – more than twice as much as they currently manage.Philip Neyt, president of PensioPlus, told IPE the objective was not “far-fetched”. Inflows into Belgian pension funds were still larger than outflows, and there was also scope for the second pillar sector to grow further in the public sector, where many employees – as opposed to civil servants – did not have access to workplace pension funds.  In addition, a growing population of mobile Europeans would appeal to pan-European pension funds, which were also attractive to multi-national corporations from an efficiency and oversight perspective, according to Neyt. Belgium has emerged as the primary domicile of choice for pan-European schemes.Neyt said that pan-European pension funds in Belgium currently accounted for around 25% of the sector’s €40bn in assets under management, with the expectation that this would increase to around half by 2025.last_img read more

Diversion Road as ‘traffic discipline zone’ mulled

first_imgConlu said these included the speedlimit ordinance, the ordinance against modified mufflers, points where to loadand unload passengers, the use of helmets by motorcycle riders, the use ofseatbelts, non-use of cellphones while driving, and windshields must be freefrom gadgets that directly distract the driver’s line of sight, among others. An ITS involves the use ofclosed-circuit television cameras capable of determining the speed of vehicles(if they are overspeeding) and of recording them. It would also entail theestablishment of a command/monitoring center. The city government’s Public Safetyand Transportation Management Office (PSTMO) will be tasked to enforce the planin coordination with the Land Transportation Office and the Highway PatrolGroup of the Philippine National Police. After the Diversion Road, next to bemade a “traffic discipline zone” is McArthur Drive from Barangay Tabuc Suba toBarangay Balantang in Jaro. Mabilog thought of having an ITS forthe city to address traffic congestion, stop illegal parking and curb recklessdriving that mostly result to vehicular accidents. Going ahead with the ITS without acomprehensive study on the city’s traffic situation would not be an intelligentmove, explained Espinosa. But in October 2017 Mabilog wasdismissed from the service by the Office of the Ombudsman for unexplainedwealth. Then vice mayor Espinosa who assumed Mabilog’s post put the project onhold. Treñas said giant telecommunicationscompany Philippine Long Distance Telephone offered to establish a trafficcommand center with closed circuit television cameras on the Diversion Road forthe monitoring of vehicles. ILOILO City – Imagine the 14-kilometerstretch of the Sen. Benigno Aquino Jr. Avenue (Diversion Road) from Mandurriaoto Jaro district teeming with traffic auxiliaries enforcing local and nationaltraffic rules and regulations round the clock. “I want this scheme initially tried onthe Diversion Road para mapakita ngapwede maobra ini,” said Treñas. Like the Diversion Road, McArthurDrive is also “problemado pirmi satraffic because of lack of discipline,” said Treñas.center_img By January 2020 if not before thisyear is over, the avenue would be made a “traffic discipline zone”, accordingto Mayor Jerry Treñas. “All vehicles passing throughDiversion Road should observe local traffic ordinances and the National TrafficCode 24/7 or they would be apprehended,” said PSTMO chief Jeck Conlu. What are these traffic rules andregulations? In January 2017 Mabilog formed atechnical working group and the city government allotted P25 million for thesystem. Phase II would be on the coastal road,Phase III on the McArthur Highway Drive going to the municipality of Leganes,Iloilo and Phase IV on the Circumferential Road going to Oton, Iloilo./PN It was unclear, though, if Espinosaordered a comprehensive study right after suspending his predecessor’s project. He said an ITS would discouragedrivers from disregarding traffic rules and regulations, and it would also helplaw enforcers to easily identify and catch violators. As proposed by Mabilog, the firstphase of the ITS would be on the Sen. Benigno Aquino Jr. Avenue because thishighway is prone to vehicular accidents due to overspeeding drivers. The mayor previously said he wouldpush through with the intelligent traffic system (ITS) that former mayor JedPatrick Mabilog proposed in 2017.last_img read more

GVC strengthens operational division with two new hires

first_img SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 StumbleUpon Share GVC Holdings has strengthened its senior operational management team by announcing the appointment of a new director of payments and compliance, and a new gaming product director.Set to join the operator’s leadership in early November, Gabriele Griesbacher will assume the role of Director of Payments, while Colin Cole-Johnson takes up the role of Gaming Product Director.Shay Segev, Chief Operating Officer of GVC celebrated the new appointments: “We are delighted to have Gabriele and Colin joining us. Both have huge expertise in their respective areas and will further strengthen the Group’s leadership team.“Gabriele will spearhead our ever-increasing focus on compliance, ensuring we maintain a player-safety-first approach in everything we do, while Colin will drive our gaming product forward, bringing his unparalleled industry experience and gaming expertise.”Griesbacher will hold the responsibility of overseeing all aspects of payments across the Group covering the areas of commercial, product and compliance.The role will involve close collaboration with the Group’s Compliance, Marketing and Customer Service Teams, with the role having a particular focus on responsible gambling, Know Your Customer and Source of Funds commitments.She joins from the end-to-end financial platform, PXP Financial (formerly part of the GVC Group as Kalixa), where she was COO. Based in Gibraltar, she will report directly into Group COO, Shay Segev.Meanwhile Cole-Johnson will oversee GVC’s casino, live and bingo products with a particular emphasis on elevating player experience. GVC explained that he brings with him a ‘proven track record of delivering success’, having previously held positions at Rank, William Hill and Ladbrokes. Based in London, Colin will report to Deputy COO, Valery Gelfman. Related Articles Share GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Submitlast_img read more