Cortese quits Saints

first_img “He has done a wonderful job and we very much wanted him to stay. A search has now begun for a successor. “It is business as usual and we will ensure that the manager, team and staff at the club have all the help and support they need.” It is understood Cortese had been contemplating quitting due to divisions between him and Liebherr, who took over as the south-coast outfit’s owner after the death of her father Markus Liebherr in 2010. Cortese became executive chairman in 2009 after being instrumental in the Liebherr purchase of the club earlier that year, and has since overseen Southampton’s rise from League One to the Barclays Premier League. The Italian’s departure is sure to cast doubt over the future of Southampton manager Mauricio Pochettino. There was talk of Cortese considering his position in May, and Pochettino subsequently warned he too would leave Southampton if the executive chairman chose to do so. Argentinian Pochettino, appointed as successor to Nigel Adkins in January 2013, said last year: “I would not understand staying in this role if Nicola was not here. “The person that actually called me from the start, told me about the project and put their faith in me was Nicola. Press Association “I have great respect as well for Southampton, the club and the supporters, but Nicola has been the one that has placed his trust and faith in me. “I wouldn’t see myself in this club if it was not for him. “I think I am a very transparent person, a very honest person. “We are on the same wavelength about the club and the future of the club so it really would not make any sense if I was at this club and he was not.” Having entered administration just prior to the Liebherr takeover, Southampton began Cortese’s first season as executive chairman with a 10-point deduction but soon rose from the bottom of the third tier. They achieved back-to-back promotions in 2010/11 and 2011/12 as Adkins, brought in as a replacement for Alan Pardew, guided them to the Championship and then Premier League. After the controversial sacking of Adkins, Pochettino led the Saints to a 14th-placed finish last term, with them ending their comeback top-flight campaign five points clear of the relegation zone. Southampton are currently ninth in the table and their next match is a league trip to Sunderland on Saturday. The club made the announcement on their official Twitter feed, adding that a search has begun for a new chief executive officer. Club owner Katharina Liebherr, who in a reshuffle becomes non-executive chairman, said: “With great regret we have accepted the resignation of Mr Cortese. Southampton executive chairman Nicola Cortese has resigned from his post at the club.last_img read more

MDI volleyball team completes season sweep of Ellsworth

first_imgBAR HARBOR — The seven seniors on the Mount Desert Island volleyball team left the final home game of their high school careers on a high note.The Trojans beat the Ellsworth Eagles in four sets Friday. The Eagles took the first set 25-23, but MDI came back to win the match 25-11, 25-10 and 25-14.The Trojans improved to 9-4 for the season with just one regular season match remaining.Before the game seniors Valerie Del Cid, Alaina Duley, Grace Higgins, Emma Forthofer, Maddy Shields, Mariah Hamor and Emma Watras were recognized along with their parents for years of dedication and hard work. Head coach Corey Papadopoli played each senior in every set.The Trojans took a timeout in the final minute of the fourth set for the seniors to swap positions with the underclassmen — a symbolic passing of the baton to next year’s returning players.This is placeholder textThis is placeholder textEach girl on the team sported pink socks, and many of them also wore pink ribbons or headbands in honor of Breast Cancer Awareness Month.MDI and Ellsworth (7-4) were neck-and-neck throughout the first set as the two teams were no more than two points ahead at any given time. The Eagles would win the set, but they wouldn’t stay on top for long; the Trojans came out strong in the second set and recorded a 14-point victory and continued their momentum throughout the final two sets to seal the season sweep of Ellsworth.For MDI, Higgins had nine aces, 10 kills and three digs; Forthofer had six aces, three kills, three digs and one assist; Hamor had three aces and three kills, and Shields had two aces and four kills.“While our seniors started off slow [on Friday] dropping the first set to Ellsworth, they caught fire at the start of the second set with tough serving and solid hitting performances,” Papadopoli said. “Ellsworth showed some grit, but our seniors did a great job of keeping the momentum on our side. We will miss [the seniors] next year, but for now, we want to work hard to get good positioning in the playoffs and keep them around for as long as possible.”MDI’s final game will be on the road against the Calais Blue Devils (12-1) at 6:30 p.m. Friday, Oct. 14. Ellsworth will be at home against the the Woodland Dragons (7-3) at 5:30 p.m. Tuesday, Oct. 11 Taylor Bigler MaceReporter at Mount Desert IslanderTaylor covers sports and maritimes for the Islander. As a native of Texas, she is an unapologetic Dallas Cowboys fan. tbigler@mdislander.com Latest Posts Bio Latest posts by Taylor Bigler Mace (see all)center_img Sea urchin subject of aging research – July 30, 2017 MDI man reaches 41 straight years of daily runs – July 31, 2017 Town Hill Takeout serves up inventive tacos – August 18, 2017last_img read more

Racing Point penalised, Hamilton fastest in practice ahead of 70th Anniversary GP

first_img WATCH US LIVE Associated Press Television News Last Updated: 8th August, 2020 08:20 IST Racing Point Penalised, Hamilton Fastest In Practice Ahead Of 70th Anniversary GP Lewis Hamilton, who holds a 30-point championship lead over team-mate Valtteri Bottas, finished fastest in practice for Sunday’s race at Silverstone FOLLOW US First Published: 8th August, 2020 08:20 IST Written Bycenter_img LIVE TV COMMENT Lewis Hamilton, who holds a 30-point championship lead over team-mate Valtteri Bottas, finished fastest in practice for Sunday’s race at Silverstone.Hamilton will move to within three victories of Michael Schumacher’s win record of 91 if he triumphs again on Sunday. He will also equal the German’s all-time tally of 155 career podiums if he finishes in the top three.Sergio Perez will miss a second Formula 1 race at Silverstone this week after again testing positive for the coronavirus.The Mexican driver had hoped to return after spending seven days in quarantine, but his Racing Point team said on Friday morning he had tested positive.Also, Racing Point was deducted 15 points in the Formula One constructors’ championship and fined 400,000 euros ($470,000) Friday for using brake ducts based on those from last year’s Mercedes cars.Image credits: AP SUBSCRIBE TO USlast_img read more

Suggs’ knee “good” as Ravens make final preparations for Seattle

first_img(Updated: 1:30 p.m.)OWINGS MILLS, Md. — A day after creating concern with their unexpected absence from practice, linebacker Terrell Suggs and safety Ed Reed returned to the field Friday.Reed sat out with a shoulder injury, but it was unclear whether it stemmed from the stinger he suffered a few weeks ago in the Jacksonville or from the nerve impingement he’s dealt with for the last few seasons. Suggs had not appeared on the injury report prior to Thursday, and it’s not clear whether he injured his knee in Wednesday’s practice. Coach John Harbaugh said following Friday’s practice that both players sat out Thursday in order to rest.“[The knee’s] good,” Suggs said. “Sometimes, things just flare up. It’s the NFL, but I’m good.”The Pro Bowl linebacker was amused when a media member asked him about his status for Sunday.“I don’t know,” said Suggs, drawing laughter from the gathered reporters. “I guess I’ll be a game-time decision. I guess we have to see. You all know the rule — we’re not allowed to talk about injuries around here.”When Suggs was told Harbaugh said Thursday was a day of rest and not an injury concern, the animated defensive player cleared up any lingering doubt about his status.“It’s not a big deal,” Suggs said. “I mean, come on, man. How long have you all been covering me? Nine years. You all know the story — if I can breathe, I’m good.”Wide receiver Lee Evans (left ankle) practiced for the third straight day and could be available to play if needed for the first time since the Ravens’ Week 2 loss to the Tennessee Titans. However, Evans has been limited all week, so his exact level of activity in practice is a mystery. Either way, the 30-year-old veteran’s ability to stack three practices in a row is a vast improvement over several past attempts to return to action over the last two and a half months.Brendon Ayanbadejo was on the practice field again, but the linebacker has not been cleared for contact as of yet. He will take the concussion test again on Saturday, and both he and Harbaugh expect him to be cleared to play on Sunday. The special teams standout sustained a concussion in the 23-20 win over the Steelers last Sunday night.“I feel fine, but the main thing is I just have to pass my test,” said Ayanbadejo, who said his reaction time was slow when he was tested earlier in the week. “I’m just anticipating it, and I think I’m going to read online, so I can study and see exactly what [the doctor’s] going to do, so I can get a little cheating so I can get this thing passed so I can help my team on Sunday.”Running back Anthony Allen (thigh) was the only player absent from the field during the portion of practice open to the media. He practiced on a limited basis Wednesday before sitting out a day later.Sunday’s officiating crew will be led by Scott Green, who called the Ravens’ Week 3 win in St. Louis. The game-time temperature in Seattle is forecasted to be in the high 40s with a 40 percent chance of precipitation.The Ravens will depart for Seattle late Friday afternoon in an effort to adjust to the time change ahead of Sunday’s game at 4:05 p.m.last_img read more

US Treasury Yields Elevated by Positive Housing Data

first_img in Daily Dose, Data, Featured, Government, News, Uncategorized August 18, 2015 441 Views U.S. Treasury Yields Elevated by Positive Housing Data Housing Data NASDAQ Dow Jones Business News U.S. Treasury Yields 2015-08-18 Staff Writercenter_img A positive housing data report raised U.S. Treasury yields on Tuesday, according to a report from NASDAQ Dow Jones Business News.Author Min Zeng noted that the yield on the benchmark 10-year Treasury note was 2.196 percent, compared with 2.15 percent on Monday. She also mentioned that yields go up as prices go down.”The 10-year note’s yield, a bedrock for global finance, is trading near its lowest level since the end of April. Trading volume was lighter than usual amid the typical summer lull, which could exaggerate price moves,” traders said to NASDAQ.The report also found that short-term government debt securities, or T-bills, rose to the highest level in five years.The yield on the one-year T-bill hit 0.39 percent during Tuesday’s session, the highest intraday level since April 2010. By late-afternoon, it was 0.377 percent.Tom Sontag, a money manager in Chicago at Neuberger Berman Group LLC which has $251 billion assets under management, said to NASDAQ that he doesn’t expect a return to 5 percent levels of yield on T-bills.”In order to get that type of yields, you need to see 3 percent plus real economic growth and 2-3 percent inflation,” he said. “We are not in that environment.”Zeng also highlighted that recent mixed housing reports have caused investors to further question if the Federal Reserve will raise short-term interest rates at the next Federal Open Market Committee (FOMC) meeting in September. A rise in rates will deprecate the value of outstanding bonds, as buyers will be more attracted to new bonds.Investors and traders see a 36 percent likelihood of a rate increase at the September meeting, compared with 45 percent on Monday, according to data from the CME Group. The odds were 26 percent a month ago.Richard Schlanger, a money manager at Pioneer Investments in Boston, which has more than $40 billion in assets under management, said “the Fed could still tighten in September, but the global uncertainty bolstered the case that the central bank’s tightening cycle would be shallow, which would prevent bond yields from rising significantly.” Sharelast_img read more