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UK commercial DB consolidator ‘superfund’ loses CEO, financial backer [updated]

first_imgAlan Rubenstein, the chief executive of the UK’s first commercial consolidator of defined benefit (DB) pension schemes, is leaving the company six months after its launched, with a financial backer also pulling out. Rubenstein was stepping down from his position as CEO and would be leaving the business after a “short transitional period”, The Pension SuperFund announced late on Friday evening.Marc Hommel, who has been head of origination, would also be leaving the business, and private equity firm Warburg Pincus would “not continue investing in the business at this stage”, the company added.IPE understands that the departures were due to differences of opinion over the future approach of the business. Luke Webster, co-founder of the consolidator, has replaced Rubenstein as chief executive, a role he will carry out in addition to that as chief investment officer at the Greater London Authority.The Pension SuperFund was launched in March with £500m (€558m) of capital commitments from Warburg Pincus and Disruptive Capital, the family office of Edi Truell, a long-term supporter of pension scheme consolidation in the UK through previous roles as co-founder of the Pension Insurance Corporation (PIC) and chair of the London Pension Fund Authority. The SuperFund was set up as a vehicle to absorb bulk transfers of UK DB pension assets and liabilities and consolidate them into one occupational pension scheme.According to Friday’s statement from the company, Rubenstein and Hommel were stepping down after having brought it “to a position where it has gained strong market awareness and traction”.Thanking Rubenstein, Hommel and Warburg Pincus, co-founder Truell said they parted “with a strong proposition, a significant pipeline and with The Pension SuperFund in a position where it is poised to see its first deal submitted to the Pension Regulator”.The company said it would “imminently” be announcing its trustees and a range of senior appointments as “the business moves into the delivery and execution phase”.Disruptive Capital Finance would be taking on the funding of the business on an ongoing basis, according to the statement, and Warburg Pincus retained the right to restart investing in the company.In a recent interview in his capacity as CEO of the SuperFund, Rubenstein told IPE the company hoped to carry out a pension transfer by the end of this year.Rubenstein – who led the £36bn Pension Protection Fund for nine years before leaving at the beginning of 2018 – also said its financial backers had indicated they would commit to more funding once the SuperFund had covered a first £5bn of pension liabilities.Truell has been a long-time supporter of UK pension scheme consolidation, but his career trajectory has not been without controversy – the early aggressive approach of PIC led to a high profile rebuke by the Pensions Regulator in 2007, in which conflicts of interest in the approach of PIC in its takeover of Telent PLC and the residual £2.5bn in assets and liabilities of the former Marconi Corporation pension fund, were highlighted.This article was updated with the information that Luke Webster has replaced Alan Rubenstein.last_img read more

Renters pay $250/wk to share rooms in Brisbane’s trendy suburbs

first_imgSt Lucia is home to the University of Queensland and so it is very popular among students. Rents are relatively cheap too, averaging $190 per week. Popular for its great amenities, Indooroopilly is exceptionally well serviced with the Indooroopilly Shopping Centre (the region’s biggest), a railway station and only a couple of stops from the CBD. (Source: Flatmates.com.au) Fortitude Valley is a favourite among backpackers and ravers. If you love the night-life, every night of the week, this is the suburb for you. Spring Hill – Average weekly rent $230 for a room St Lucia – Average weekly rent $190 for a room Spring Hill is the most searched-for share house suburb in Brisbane on Flatmates.com.au. It’s also among the most expensive share house suburbs with a private room.Most flatmates are drawn here for the close walk to the CBD and the Valley, but also because it’s far enough away to get a good night’s sleep. Fortitude Valley – Average weekly rent $250 for a roomcenter_img A hidden gem right behind Southbank and only 20 minutes’ walk to the city, West End is a favourite of students and newly arrived migrants. The multicultural community, night life, opportunity shops and cheap rent make this suburb a real draw card. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago THE 5 MOST POPULAR BRISBANE SUBURBS FOR SHARING A HOUSE Flatmates Jake Eve, Sam Prouting and Courtney Rixon share a unit in Bowen Hills because they want to live in an inner-city suburb. Picture: AAP/David Clark.RENTERS desperate to live in Brisbane’s trendiest suburbs are bunking down with strangers in a bid to save money and afford their favourite luxuries.A new survey by Flatmates.com.au has found 56 per cent of renters in the Queensland capital share a house because they cannot afford to live by themselves, and a further 20 per cent share to split the cost of bills.Shared rooms in Brisbane rent for an average $184 a week, but rooms in the sought-after, inner-city suburbs of Fortitude Valley and Spring Hill cost renters as much as $250 a week. But Flatmates.com.au executive manager Steven Caddy said Brisbane’s room rents were some of the best in the country in terms of value for money when it came to the entertainment, public transport, lifestyle and job opportunities on offer.“Brisbane is a very attractive city to live in as it has the best of both worlds,” Mr Caddy said. “It’s an edgy city with a great art scene, but it comes with beautiful weather and close proximity to amazing beaches and landmarks (but without the Sydney price tag). “Many young renters may choose to move to Brisbane to study and then decide to stay for the lifestyle.”REA Group chief economist Nerida Conisbee said landlords could charge high rents in sought-after suburbs because many renters valued ­location above anything else. “Sharing a room is all some people can afford if they want to live somewhere central,” Ms Conisbee said. “Comparing the city’s average rent with people’s average income shows most people are spending more than a third of their income on rents and it’s even harder for low-income earners.” Nerida Conisbee, chief economist of REA Group. Image: AAP/Monique Harmer.Jake Eve and his partner, Sam Prouting, share a two-bedroom apartment with a friend in the inner-city suburb of Bowen Hills.Mr Eve said he loved being able to live in a sought-after location and still be able save money.“We wanted to be close to the city and work, and have the convenience of getting around,” Mr Eve said.“Everything is at your doorstep and I don’t mind going to the bars and the clubs nearby.”Each of the flatmates pay $150 a week in rent and split the bills.“It’s actually been quite affordable given we’re in a nice building and a great location,” Mr Eve said.“We were able to save for a nice, big Euro trip last year.”The survey also found almost half of all renters believe strangers make the best house mates.Mr Eve agrees.“I feel like you don’t know someone until you’ve lived with them and I know a lot of friendships that have crumbled as a result,” he said. Indooroopilly – Average weekly rent $170 for a room West End – Average weekly rent $180 for a roomlast_img read more

Predicting the Ideal Time to Dredge – New Research from QUT

first_imgTiming of dredging is the key to helping preserve one of the world’s most productive and important ecosystems – seagrass meadows, reports QUT (Queensland University of Technology).According to the QUT, seagrass meadows are among the most underappreciated but most important ecosystems in the world. They are disappearing at the same rate as tropical rainforests and coral reefs.New study, led by QUT researchers in collaboration with seagrass experts at Edith Cowan and James Cook universities, can now provide answers on when and how much to dredge via an ‘ecological window’.Lead researcher, QUT’s Dr Paul Wu, has developed a way of predicting the ideal time to dredge in order to give seagrass the best and quickest chance of recovery. Modelling provides up to a fourfold reduction in time it takes for seagrass to recover.He said that dredging was a source for seagrass loss and timing of dredging determines if seagrass will recover and how quickly. “This is called an ecological window,” Dr Wu said.Dr Wu is an Associate Investigator with the ARC Centre of Excellence for Mathematical and Statistical Frontiers (ACEMS) within QUT’s Mathematical and Statistical Sciences Faculty.He has developed an advanced statistical model to predict when dredging is least likely to damage seagrass.According to Dr Wu, the model could be used globally, not just in Australia. “Our model can provide up to a fourfold reduction in recovery time, and up to a 35 per cent reduction in local extinction risk for seagrass species,” said Dr Wu.Watch Dr Wu explain the research in the video below:last_img read more

$1,100 to win special awaits United Rebel Sprint Series this Saturday

first_imgBy David Smith, Jr., OKTidbits  Courtesy of Kevin Schramek, Schramek Landscaping is adding $500 to the purse with the extra $100 going to positions 1-5, making this a $1,100-to-win event.   Twenty-two previous events have been held at El Paso County Speedway with Brian Hardman and Adam Trimble having won here four times. Other feature winners include Jake Bubak (three), Pat­rick Bourke (two), Smokey Fairbank, Blake Smith, Mike Hathaway, Clint Schubert, Mike Tay­lor, Mark Walinder, John Jacob, Coby Pearce and Zach Blurton. Blurton won this event last year.     Rain has washed out three events thus far this season while Luke Cranston (two), Jake Martens and Jason Martin having taken home victories this 2019 race season.  Gates open at 3 p.m. with race action slated for a 5 p.m. start time. Grandstand admission is $15 while all seniors and military general admission tickets are $10. Kids ages 6-12 years are $5 while five and under will be admitted into the grandstands for free. CALHAN, Colo. – The only trip into the state of Colorado takes place this coming Saturday night as the POWRi Lucas Oil United Rebel Sprint Series presented by Mel Hambelton Ford Racing makes its annual appearance at El Paso County Speedway in Calhan.  last_img read more

Argentina squad holds training session in Barcelona

first_imgBarcelona, June 2: The Argentine national football team on Saturday trained at FC Barcelona’s sports city, in a session that combined physical exercise with ball training. The session was led by coach Jorge Sampaoli and included all 23 players of the squad. Midfielder Paulo Dybala, in a statement published by the Argentine Football Association, said the team is very happy to train in Barcelona, the professional home of Argentina star Lionel Messi. With just two weeks left until Argentina’s opening match of the 2018 FIFA World Cup against Iceland, Dybala said his team is focused on what is coming and on giving their all in every training session. The Juventus player also highlighted the quality of Barcelona’s facilities, saying that the training camp is being held under optimal conditions. The team is set to train again on Sunday in the same facilities. IANSlast_img read more

Soccer Hornets sweep CBA after F-M boys fall to B’ville

first_img Tags: CBAF-Msoccer Even as they worked through busy early stretches, each of the soccer teams at Fayetteville-Manlius understood that the key to staying on top (in the girls case) or getting to the top (in the boys case) involved toppling Baldwinsville.The F-M girls had proven it could do so in the 2018 Section III Class AA final, and on Tuesday night the two sides would reunite, with B’ville bent on a bit of payback.It certainly wanted a different outcome than F-M’s boys got last Monday at Pelcher-Arcaro Stadium, when B’ville controlled matters from the outset and blanked the Hornets 3-0. Returning to Swan Pond on Thursday, F-M faced Liverpool and immediately roared back to form, bashing the Warriors 5-1as it raced out to a 3-0 halftime advantage and kept building from there.Pagano returned to unstoppable form, three times finding the net for a hat trick and then assisting on goals by Jace DePuy and Ziad Abdul-Malik. Ty Teelin and Yousef Kamel both earned assists on Pagano’s tallies.On Saturday, it was F-M and Christian Brothers Academy working together again for the “Red Out” games at Alibrandi Stadium that benefited the American Heart Association.Both games went in the Hornets’ favor, the boys prevailing 3-1 as Pagano, Abdul-Malik and Ian Donella each earned a goal, with Logan Wilkinson and Corey Gallagher picked up assists.Anthony Marsallo had CBA’s lone goal, an assist going to Andrew Kohlbrenner as goalie Rocco DeLorenzo had 12 saves and Szidat got seven saves.This followed the girls game that F-M won by a 6-0 margin, with eighth-grader Hannah Goodman continuing to dazzle as she scored twice, complementing single goals by Hannah Knych, Lauren Clark, Sophia TenEyck and Ryann Dauksza.Before all this, F-M’s girls had gone to the Hall of Fame Tournament, a large event at Niskayuna, near Albany, on Sept. 7-8 and prevailed in its division, beating Staten Island Academy 5-1 behind Anna Hartzheim’s two goals and MacArthur 2-0 with goals from Hartzheim and Clark.In its SCAC Metro opener last Tuesday night, F-M faced Cicero-North Syracuse, and it turned into a showcase for Clark as the sophomore forward toasted the Northstars’ defense throughout a 6-0 shutout.The Hornets led 4-0 by halftime, and kept adding to it as Clark set a career mark with four goals. Hartzheim and Chloe Hodge scored, too, with Hannah Knych and eighth-grader Hannah Goodman each contributing a pair of assists. Mahr again had a shutout, earning four saves.As for the CBA girls, it traveled to Mexico and recorded a 4-2 victory over the Tigers. This was a breakout performance for Kennedy Paciga, who put together a three-goal hat trick to help the Brothers pull away. Emma Infanti earned CBA’s other goal.CBA’s boys started its week by ending Chittenango’s three-game win streak last Tuesday in another 3-1 decision, with Will Raines scoring twice in the first half and Benito Vlassis getting the other goal. Zach Witz was credited with an assist.Then the Brothers defeated Solvay 4-1 on Thursday night. With more scoring balance, CBA had four different players, including Tom Hornik, Andrew Kohlbrenner and Josh Hulslander, earn the goals, with Witz adding two assists. Share this:FacebookTwitterLinkedInRedditComment on this Story Less than eight minutes into the game, the Bees went in front when Tyler Johnson’s shot from the left was mishandled and Brennan Walsh poked in the loose ball. Midway through the half, it got to 2-0 amid a scramble off a free kick that Chase Hornsey converted.That margin stretched further when Johnson, robbed seconds earlier by Chris Szidat on a rocket shot, headed in a deflected corner kick early in the second half.After two strong games to mark his return to F-M (he had three goals and two assists in a win over East Syracuse Minoa), Cheech Pagano was contained well, only getting two good shots all night – one flew wide, the other was stopped by B’ville goalie Andy Taylor.last_img read more

Signed, sealed and delivered

first_imgNational Signing Day featured an old-fashioned horse race, and Traveler, the noble white horse representing the prosperity of the USC football program, made a miraculous run down the stretch to come out on top on the annual recruiting race on Wednesday.I’m still feeling goosebumps from signing day as if an announcer at the race track was chronicling the day’s events in just a matter of seconds because that’s how fast it felt everything took place.There wasn’t actually a horse race taking place on Wednesday, but head coach Steve Sarkisian sure did finish the recruiting cycle as if he were California Chrome in last year’s Kentucky Derby.In business and sales especially, there’s a certain frequently phrase thrown around: “Always  be closing,”which was famously coined by Alec Baldwin in the 1992 film Glengarry Glen Ross.Sarkisian and his staff did exactly that by hitting a home run on the recruiting trail for the second consecutive year and capping it off with a grand slam on signing day. Heck, I just wish the team could close games as well as it does on recruits.Last year, USC had the “Big Three” — JuJu Smith, Damien Mama and Adoree’ Jackson — this year, we have what is being called the “Fab Five.”The Trojans took care of business  by nabbing all five of these highly touted recruits, which started with the signing of the Utah five-star linebacker tandem of Porter Gustin and Osa Masina, who made their decisions prior to Wednesday. The Trojans would then go on to ink five-star defensive tackle and another five-star linebacker in John Houston, Jr., to continue the continuous pipeline from Junipero High School in Gardena, California.Finally, a successful day would be capped off with the commitment of the nation’s top cornerback in five-star Iman “Biggie” Marshall from Long Beach Poly High School , who announced his decision to everyone in quite the creative manner, pulling up to the Los Angeles Memorial Coliseum and throwing on his USC hat in an exclusive Bleacher Report video.It was like something out of a Disney movie, really, and I couldn’t have imagined a better way to propel the Trojans to the pinnacle in their first full class since the end of the NCAA sanctions.It just took a timespan of a few hours to jolt the Trojans’ 2015 recruiting class past Nick Saban and Alabama to the No. 1 spot in the nation, according to Rivals.com.USC started the day with the No. 2 class based on Rival’s rankings, but with a perfect run for the so-called big fish on Signing Day, they were able to eclipse the Crimson Tide for the top spot in the land.Sarkisian sent a message last year on signing day with the high caliber of a class he was able to pull in even with only 19 scholarships as opposed to 25, but on Wednesday, he made a statement not only to the rest of the Pac-12, but all of division one football that when at full strength, USC is quite the force to be reckoned with.Is this a representation of the balance of power shifting back west from the SEC to the Pac-12?It very well could be, but we still have a lot of player development to be had and football to be played before we can say that.Let’s remember again that highly ranked recruiting classes don’t always translate into national championships, but it sure is a good start.Sarkisian has always been seen as an effective recruiter, especially when it comes to recruiting players out of the program’s very own backyard of Southern California.This was once again prevalent in 2015, as the Trojans were able to retain all four signing day commitments in the state of California.Of course, Sarkisian’s familiarity with the area and the program are a huge asset, though the “Sark Knight” has a secret weapon: recruiting ace and wide receivers coach Tee Martin.In the past, Martin has recruited the likes of Jackson, Nelson Agholor and Marqise Lee  and locked up Marshall in this class.Earlier this week, Martin was named the No. 7 best recruiter in all of the land by the Sporting News.When it comes to rating this recruiting class from top to bottom, I would personally have to give them an A. They not only addressed their needs on both sides of the ball including nine top-rated players that cover all facets of the defense, but added a great deal of talent for the future.This includes their potential quarterbacks of the future in early enrollee Ricky Town out of St. Bonaventure and Sam Darnold from San Clemente High School down in southern Orange County.The only reason I gave Sarkisian and his staff an A and not an A+ is that the program lost the fan hood of long-time dedicated Trojans enthusiast Snoop Dogg, who claimed he would throw away all of his USC drawers after his son, four-star wide receiver Cordell Broadus announced that he would be playing his college ball across town at UCLA.The most important thing that the 2015 class give to USC, though, is depth. Many of us still remember the numerous late-game collapses that were later blamed on a lack of depth, but now finally, with a full recruiting class under their belt, this should no longer be an issue.The program is once again at the top of the rankings off the field, but if anything, this calls for even greater expectations for Sarkisian and his team on the field.No more sanctions and no more depth issues means no more excuses.Once again, USC is equipped with the assets to be great and as this recruiting class has shown, it’s capable of not only winning local in-conference battles but national championships.Darian Nourian is a junior majoring in print and digital journalism. He is also the sports editor of the Daily Trojan. His column, “Persian Persuasion,” runs Thursdays.last_img read more

Sensational Fury crushes Wilder in heavyweight title rematch

first_imgAs the pro-Fury crowd of 15,816 at the MGM Grand cheered, Wilder briefly protested the stoppage.– ‘A warrior’ –“I just wish that my corner would have let me went out on my shield,” he said. “I’m a warrior.”Wilder’s fierce punching power had been on full display when he knocked Fury down twice in their first fight in Los Angeles — the Briton miraculously climbing off the canvas in the 12th round to hang on for a share of the spoils.With new trainer Javan “Sugarhill” Steward in his corner, and more than 16 pounds heavier than the first encounter at 273 pounds, Fury was on the attack early, backing Wilder up with his jab and landing several hard shots in the opening round.Fury failed to produce the second-round knockout he had predicted, but he was clearly in control.The fight, arguably the biggest heavyweight collision since Lennox Lewis bludgeoned Mike Tyson into submission on the banks of the Mississippi River in 2002, drew a star-studded crowd.Super Bowl Most Valuable Player Patrick Mahomes was ringside, so were Mark Davis, owner of the NFL’s Las Vegas Raiders and Raiders coach John Gruden.Retired NBA greats Magic Johnson and Jerry West were on hand, as was current Golden State Warriors star Draymond Green.Former heavyweight world champions Mike Tyson, Lennox Lewis and Evander Holyfield were acknowledged in the ring before the bout — a nod to the fact that boxing’s one-time glamour division was back in the spotlight.Top Rank president Todd duBoef told ESPN that with gate receipts of $16.9 million Saturday’s fight broke the record for a heavyweight fight in Las Vegas, passing the $16.8 million set by the title rematch between Lewis and Holyfield in 1999.It’s a far cry from the record $72.2 million in gate receipts generated by the Floyd Mayweather-Manny Pacquiao clash in 2015.But Wilder-Fury III would be another big draw — and set the stage for a mega unification fight against Britain’s Anthony Joshua, the WBA IBF and WBO champion, for the undisputed title.Share on: WhatsApp British boxer Tyson Fury, right, knocks American Deontay Wilder down before stopping him in the seventh round during their World Boxing Council heavyweight championship fight in front of a crowd of 15,800 at the MGM Grand Garden Arena in Las VegasLas Vegas, United States | AFP |  Tyson Fury reigns again as a heavyweight world champion after battering Deontay Wilder to a stunning seventh-round stoppage in their World Boxing Council title rematch.Fourteen months after their dramatic split-decision draw, Britain’s Fury dominated the American champion — who had blood dripping from his left ear and leaking from his mouth when referee Kenny Bayless called a halt as Wilder’s corner threw in the towel.“The king has returned to the top of the throne,” said Fury, who had dropped Wilder in the third and fifth rounds as he remained unbeaten while handing Wilder the first defeat of his career.The self-styled “Gypsy King” from northern England — who was carried to the Las Vegas ring on a golden throne — had put on a boxing masterclass in their first fight on December 1, 2018, but he was clearly ready to brawl from the opening bell on Saturday.A massive right from Fury knocked down Wilder in the third leaving him on wobbly legs and although he went down again moments later it was ruled a slip.A huge left to the body had Wilder down again in the fifth, and Fury was raining blows on Wilder when Bayless called a halt at 1:39 of the seventh round after one of Wilder’s corner team hurled a white towel into the ring to save him from further punishment.A point deduction in the fifth round for holding was barely a blip for a dominant Fury. Two of the judges had the Briton winning every round, while the third judge gave one round to Wilder.The 34-year-old American suffered his first defeat in 44 fights, falling to 42-1 with 1 drawn and 41 knockouts.The “Bronze Bomber” was unable to surpass Muhammad Ali’s record of 10 successful heavyweight title defenses.“Even the greatest have lost and come back,” Wilder said. “I make no excuses. This is what big-time boxing is all about.”Fury regained a piece of the heavyweight title more than four years after beating Wladimir Klitschko for the WBA, IBF and WBO belts — and after depression, drink and drug problems had threatened to end his career.“I just want to say a big shout out to Deontay Wilder,” said Fury, who improved his own unbeaten record to 30-0 with one drawn and 21 knockouts. “He manned up. he really did show heart of a champion.“I hit him with a clean right hand and dropped him, and he got back up and battled on into round seven.“He is a warrior, he will be back, he will be champion again.”last_img read more

WICB to meet CARICOM’s Cricket Governance Committee on Dec 4

first_imgThe West Indies Cricket Board (WICB) has acceded to the call of the CARICOM Cricket Governance Committee for an urgent meeting to discuss the state of the Caribbean game. The calls, which were made two weeks ago, come in the wake of the recently released CARICOM-commissioned Cricket Governance Review, which, among other things, recommended “immediate dissolution of the board and appointment of an interim board”. “I would not, and have never disrespected any leader of the region,” stated Whycliffe ‘Dave’ Cameron, WICBpresident, in response to recent comments made by chairman of the CARICOM Cricket Governance Committee, Dr Keith Mitchell. “The letter that we (the WICB) published is simply to outline a process that we felt is a reasonably one. “I needed time to talk to the shareholders, what we would call the constituent members of the WICB, before actually meeting with our leaders. “If it caused any offence, I sincerely apologise … again. “I am now scheduled to meet the ministers on the 4th of December in Grenada,” he added. Cameron was speaking at a Kiwanis Club of Downtown Kingston luncheon held at Hotel Four Seasons on Monday. Mitchell, speaking at an Organi-sation of Eastern Caribbean States meeting last week, described Cameron’s initial reactions as “quite amazing” and “quite frightening” in response to the heads of government request. “It is quite amazing the level of disrespect. The level of lack of understanding of the importance of this is quite frightening,” Mitchell said. “I expect the president of the WICB to respect the leadership of the Caribbean, the leadership of the people of the region, and, to give effect to an urgent meeting. “I hope and pray that what we saw was a rush of blood and not his (Cameron) real intentions. “I expect to see a meeting very, very soon … , and, we are waiting for that answer to meet quickly to move cricket forward in the region,” Mitchell, the Grenadian prime minister, had said. Cameron, elected head of the WICB since 2013, and re-elected earlier this year, however, used the occasion to point out the autonomous nature of the WICB and the need for it to remain that way. “The history of the WICB and its socio-economic and political connections are extremely important, and we understand its relevance to the regional psyche,” Cameron explained. “[However] we are a sports business organisation. An inter-national governing body such as IOC, FIFA, the ICC, is largely concerned about two things, governance and autonomy. “Governance has to do with the structures and accountability, and autonomy has to deal with the ability of the organisation to make its own decisions without interference.” He continued: “We need our governments, we need their support, but the decisions of the organisations should not be influenced by the governments.” The Review Panel, which cited major managerial and structural deficiencies in the running of the board, also recommended the setting up of an interim board. The current number of WICB directors is 18. “The panel recommends a board comprising of nine members selected on the basis of proven professional competences,” the report stated. “This is a require-ment in order to achieve the long-overdue shift away from representation to professionalism.” The report also noted that an “interim board has been installed in Sri Lanka” without falling into disfavour with the ICC. The Governance Committee was established to review the administrative and governance structure of WICB with a view to involving greater stakeholder participation. The Governance Committee comprises Mitchell; prime minister of Antigua and Barbuda, Gaston Brown; and prime minister of St Vincent and the Grenadines, Dr Ralph Gonsalves. WICB AUTONOMOUSlast_img read more

Castro takes charge in final seconds to save Gilas

first_imgMOST READ The two-time recipient of the Best Point Guard in Asia award said his stature as one of the Philippines’ veterans in the Fiba World Cup Qualifiers entails the responsibility of hitting the clutch baskets for Gilas.And he did just that.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkCastro sank the final field goal of the game in the Philippines’ 89-84 escape against Japan Sunday at Mall of Asia Arena.READ: Castro returns, rescues Gilas in close win over Japan Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano In front of Castro was Japan’s captain Ryusei Shinoyama. He then drove hard to his right and threw up a looper that not even the athletic Ira Brown could reach before it hit the glass with the softest of kisses for an 88-84 Gilas lead with 10.6 seconds left.“I knew I had the advantage on that match up,” said Castro who has represented the Philippines since 2007. “Miss or make, that was the only shot we’ve got, luckily, it went in.”Sports Related Videospowered by AdSparcRead Next Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES “As a veteran, in those types of situations, you have to take it upon yourself to execute the plays that your team needs the most,” said Castro in Filipino. “When that moment comes, and you’re the veteran, you have to take it.”The Philippines held a comfortable 81-68 lead at the 5:54 mark of the fourth quarter, but Akatsuki 5 slowly trimmed away at the deficit and Daiki Tanaka capped off Japan’s 16-5 run with a layup that made it, 86-84, with 31 seconds remaining.That, however, was Akatsuki 5’s last glimmer of hope as Castro eventually worked his magic.Castro had June Mar Fajardo, Andray Blatche, Gabe Norwood, and Kiefer Ravena on the floor with him when he took dagger that he drove through Japan’s collective heart.“I’m the veteran there on the floor and it’s my responsibility to bring us to the victory,” said Castro who finished with eight points and three assists in 15 minutes of play.ADVERTISEMENT Gilas draws much-needed spark from youthful Ravena If Jayson Castro is to be believed, veterans should be able to step up in pressure situations and execute the big time plays.ADVERTISEMENT It’s too early to present Duterte’s ‘legacy’ – Lacson Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed Steam emission over Taal’s main crater ‘steady’ for past 24 hours Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano UK plans Brexit celebrations but warns businesses may suffer GALLERY: Barangay Ginebra back as PBA Governors’ Cup kings Sea turtle trapped in net freed in Legazpi City View comments Don’t miss out on the latest news and information. last_img read more