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☆ ‘Peasants vs. Marie Antoinette’: What the Premier League does with its billions of dollars is riling 72 other soccer clubs
▼ + stars: | 2024-04-18 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

DisparityThanks to its multi-billion-dollar TV deals, the Premier League is often celebrated as a UK Inc. success story. Andrew Powell/Liverpool FC/Getty ImagesBy targeting talents from lower-league academies, Premier League clubs don’t have to pay inflated transfer fees. The mooted introduction of an independent regulator comes against the backdrop of some Premier League clubs falling foul of the Premier League’s Profitability and Sustainability Rules (PSR). Earlier this month, Everton were handed a further two-point deduction for allegedly breaching Premier League financial rules. Relegated from the Premier League in 2023, Leicester denies any wrongdoing and opened legal proceedings against the Premier League and the EFL, but could face a points deduction if found guilty.

Persons: Abu, –, Kieran Maguire, Marie Antoinette ”, Marie Antoinette, – James McConnell –, Gabriele Biancheri, James McConnell, Bobby Clark, Andrew Powell, Caroline Dinenage, Maguire, Richard Masters, ” Maguire, ”, “, ” Masters, Phil Noble, we’ve, It’s, Mike Egerton, they’ve Organizations: CNN —, Manchester City, League, Reading FC –, Reading, English Football League, CNN, British, Premier League, Inc, Sunderland, Manchester United, Cardiff City, Liverpool, Chelsea, Liverpool FC, Getty, Premier League clubs, Culture , Media, Sport Committee, Premier League clubs “, Premier League’s, ” CNN, The Times, European Super League, National League, Everton, Nottingham Forest, Manchester City –, Reuters, Nottingham, “ Premier League, Leicester City, Leicester Locations: Istanbul, Manchester, Abu Dhabi, France, Europe, England’s, Britain's

☆ U.S. Postal Service Proposes Raising Stamp Prices Again
▼ + stars: | 2024-04-10 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

The United States Postal Service on Tuesday proposed an overall increase of nearly 8 percent on the price of postage, the latest in a series of stamp hikes over the past three years. The new prices would take effect in July, pending approval from an independent regulatory commission. Among other changes, a Forever stamp would cost 73 cents instead of 68 cents, and the price of a domestic postcard would rise to 56 cents from 53 cents. The Postal Service has faced financial issues for years because it is required to fund retiree health care benefits for its employees in advance. It’s also facing headwinds, like other postal services globally, as fewer people send mail.

Persons: It’s Organizations: United States Postal Service, Postal Service

The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

☆ Everton deducted 10 points for breaching English Premier League rules
▼ + stars: | 2023-11-17 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Everton FC has been handed an immediate 10-point deduction by an independent commission for breaching the Premier League’s Profitability and Sustainability Rules (PSRs), the English Premier League announced on Friday. The deduction means that Everton drops to 19th in the league table, level on points with last-placed Burnley. “The Premier League issued a complaint against the Club and referred the case to an independent Commission earlier this year. Everton’s next Premier League match is at home to Manchester United on November 26 following the conclusion of the men’s international break. The Merseyside club narrowly avoided relegation from the Premier League last season after finishing 17th, two points above the relegation zone.

Persons: ”, ” Everton, “, Everton’s, Caroline Dinenage Organizations: CNN — Everton FC, English Premier League, Everton, Burnley, Premier League, Club, Commission, “ Everton, Manchester United Locations: Merseyside, England

☆ Trump's second-term agenda: punish enemies, fire government workers
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +5 min

Trump would require every federal employee to pass a new civil service test of his own creation. His team is also vetting scores of potential hires who could be counted on to implement his policies or perhaps investigate Trump’s political enemies. Trump also would seek to bring independent regulatory agencies such as the Federal Communications Commission and the Federal Trade Commission under presidential control. EDUCATIONTrump has pledged to require America’s colleges and universities to “defend American tradition and Western civilization” and purge them of diversity programs. On the K-12 level, Trump would support programs allowing parents to use public funds for private or religious instruction.

Persons: Donald Trump, Ted Hendricks, Octavio Jones, Republican Donald Trump, Trump, AFFAIRS Trump, Israel, James Oliphant, Ted Hesson, Andy Sullivan, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Trump, Federal Communications Commission, Federal Trade Commission, Democrats, Congress, U.S . Constitution, U.S, Supreme, AFFAIRS, Ukraine, Paris Climate Accords, Biden White, Justice Department, Thomson Locations: Hialeah , Florida, U.S, United States, China, Mexico, U.S ., Russia, Europe, Paris

☆ Independent Regulator to safeguard English clubs
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

The Independent Regulator for Football (IREF) will have the power to step in to address cash flow and other systemic issues within clubs, many of which are financially vulnerable. "Legislation will be brought forward to safeguard the future of football clubs for the communities and fans," King Charles said of the Football Governance Bill in his speech. Fair Game, a band of clubs campaigning to improve football governance, described the announcement as an "historic moment for football". It is a unique strength of the English game and something that must be protected and nurtured," Parry said. Since the 1999-2000 season, 19 out of 23 Premier League seasons resulted in pre-tax losses for all clubs combined.

Persons: Park, Newcastle United's Kieran Trippier, Lee Smith, Rishi Sunak, King Charles, Niall Couper, Rick Parry, Parry, Tracey Crouch, Crouch, Lori Ewing, Ed Osmond Organizations: Soccer Football, Premier League, Newcastle United, James, Newcastle, British, Independent Regulator, Football, Bury FC, Super League, Sheffield, Reading, Scunthorpe United, English Football, Former Sports, England, Independent, LaLiga, Premier, Thomson Locations: Newcastle, Britain

☆ How generative AI's uncomfortable relationship with copyright law will determine the future of the industry
▼ + stars: | 2023-11-01 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Rights holders argue that AI using their work without a license should be considered "unauthorized derivative work" — an infringement of copyright law. Meanwhile, AI startups insist that their models comply with fair-use doctrine, which grants them some leeway to others' works. This month, Universal Music Group sued the AI startup Athropic for circulating copyrighted lyrics. He believes that future regulations may explicitly forbid AI data scraping. "They can train models on data that's not universally available to customers, and tell them it's licensed and compliant."

Persons: Eva Toorenent, who's, that's, Simon Menashy, Menashy, Ekaterina Almasque, OpenOcean Almasque, Getty, Sunny Dhillon, Harvey, Horowitz, Andre Retterath, GDPR, CCPA, Taylor, Swift Organizations: Universal Music Group, Getty, Harvard Business, MMC Ventures, Kyber Knight Capital, Nvidia, Earlybird Venture Locations: what's, Europe

☆ Liverpool win appeal against Mac Allister red card
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: 1 min

Aug 22 (Reuters) - Liverpool midfielder Alexis Mac Allister's red card in Saturday's 3-1 Premier League win over Bournemouth has been overturned following a successful appeal to the FA, the club said on Tuesday. Mac Allister was shown a red card for a high tackle on Ryan Christie in the 58th minute. The sending off seemed harsh, with Bournemouth manager Andoni Iraola saying after the match that it "did not look like a red card". "An independent Regulatory Commission has removed Alexis Mac Allister's three-match suspension following a claim of wrongful dismissal," the FA said in a statement. Liverpool are fifth in the Premier League standings with four points from two games.

Persons: Alexis Mac Allister's, Mac Allister, Ryan Christie, Andoni Iraola, Aadi Nair, Toby Davis Organizations: Liverpool, Premier League, Bournemouth, Newcastle United, Thomson Locations: Bengaluru

And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.

Persons: –, Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China

☆ Ivan Toney: Brentford and England striker banned for eight months and fined for breaching betting rules
▼ + stars: | 2023-05-17 | by ( David Close | ) edition.cnn.com time to read: +1 min

CNN —Ivan Toney, the star striker for English Premier League club Brentford, has been suspended from soccer and fined £50,000 ($62,407) due to “breaches of The FA’s Betting Rules,” England’s Football Association announced on Wednesday. According to the FA, Toney “was charged with 262 breaches of FA Rule E8 in total between 25 February 2017 and 23 January 2021. The FA subsequently withdrew 30 of these breaches and he admitted to the remaining 232.”Rule E8 in the FA’s handbook highlights the rules around betting. Brentford said the club was aware of the eight-month ban decision and is awaiting the written report from the independent Regulatory Commission who ruled on the case. According to the FA, Toney can return to training only with the Bees for the final four months of his suspension starting September 17.

☆ UK regulators must understand need to promote growth, Hunt says
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 17 (Reuters) - British regulators should understand the need to promote growth, finance minister Jeremy Hunt said on Wednesday when asked about the UK's antitrust watchdog's decision to block Microsoft's (MSFT.O) $69 billion acquisition of Activision (ATVI.O). "One of the reasons that companies like Microsoft and Google want to invest in the UK is because we have independent regulators that aren't controlled by politicians," Hunt told a business conference. "I would not want to undermine that at all, but I do think it's important all our regulators understand their wider responsibilities for economic growth." The European Union cleared the deal on Monday, accepting a practically identical set of remedies put forward by Microsoft that the CMA had rejected. Reporting by David Milliken and Sachin Ravikumar, writing by William James, editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ Ex-Crawley manager Yems' ban extended until 2026 after FA appeal
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

Crawley suspended Yems in April 2022 over accusations that he used discriminatory language and behaviour towards his players between 2019 and 2022. Yems was found to have made 16 breaches of FA Rule E3.2, which relates to comments on race and ethnicity. "We welcome the verdict from the independent Appeal Board to suspend John Yems from all football-related activity until January 2026," the FA said in a statement. "We strongly disagreed with their original sanction, as well as some of the elements of their judgement, which we fundamentally believed were not appropriate for the severity of the offences committed by John Yems." British anti-discriminatory body Kick It Out welcomed the appeal board's decision to extend the ban, calling it a "landmark moment".

Gigi Sohn testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing, examining her nomination to be appointed Commissioner of the Federal Communications Commission in Washington, D.C., February 9, 2022. Gigi Sohn, who was chosen by President Joe Biden to serve as telecommunications regulator to the Federal Communications Commission, said on Tuesday that she's withdrawing her nomination. After multiple hearings in the Senate Commerce Committee, it was still unclear if Sohn would have the votes for her nomination to pass the full Senate. During a 16-month battle with cable and media industry lobbyists, Sohn said she's been subject to "unrelenting, dishonest and cruel attacks" that have taken "an enormous toll" on her family. "And with the help of their friends in the Senate, the powerful cable and media companies have done just that."

☆ England's prized soccer league to face regulation and tough new ownership rules
▼ + stars: | 2023-02-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. LONDON — The U.K. government on Thursday confirmed plans to set up an independent regulator to oversee soccer clubs following a slew of controversies around acquisitions, new tournament plans and allegations of financial rule-breaking. It follows widespread fan opposition to plans for a new European Super League in 2021. Rights groups have previously insisted that potential Premier League club owners should be subjected to human rights probes. Currently, the rules prohibit prospective owners that have previous criminal convictions or breaches of major football regulations.

☆ Government gives green light to independent regulator for English game
▼ + stars: | 2023-02-22 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Once made law, the Government says the independent regulator would have statutory powers to license and sanction clubs, oversee the financial sustainability of the game and prevent unscrupulous owners buying clubs. It would also have the power to prevent English clubs joining breakaway competitions such as the European Super League which six Premier League clubs signalled their intent to join in 2021 before abandoning plans after a fans' backlash. Although the Premier League, launched in 1992, has been an unprecedented financial success, lower down the English pyramid the situation has been grim. Reacting to the publication of the white paper, Derby owner David Clowes said: "Derby County stared extinction in the face for far too long. The Government says the independent regulator would have targeted powers as a "last resort" to facilitate agreement on the redistribution of funds.

☆ Soccer’s Premier League accuses Manchester City of breaching financial rules
▼ + stars: | 2023-02-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A general view of Etihad Stadium, home of Manchester City, on September 14, 2022 in Manchester, United Kingdom. The Premier League has referred the club to an enquiry over an alleged breach of financial rules. LONDON — The English Premier League on Monday announced it has referred soccer club Manchester City to an independent commission over alleged breaches of its financial rules. A commission will be held in private, with members appointed by the chair of the Premier League Judicial Panel. A spokesperson for Manchester City was not immediately available for comment when contacted by CNBC.

☆ Bank of England chief questions government's veto power plan
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Governor of the Bank of England Andrew Bailey attends the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/PoolLONDON, Nov 16 (Reuters) - Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central bank. The BoE has warned against easing the rules too much as insurers appeal to the ministry to override the central bank. City minister Andrew Griffith has said a veto would be used sparingly, with regulators continuing to enjoy day-to-day operational independence. The veto would be additional to a new remit in a draft law before parliament for regulators to heed the City's global competitiveness when writing new rules.

☆ Britain's new PM is a fan of crypto. There are hopes he'll give the industry a boost
▼ + stars: | 2022-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Dan Kitwood | Getty ImagesU.K. cryptocurrency firms and investors have high hopes that new prime minister Rishi Sunak could turn around Britain's fading crypto aspirations. Crypto isn't exactly high up on his priority list, but industry insiders say there's reason to be optimistic. Before Sunak's appointment as PM, confidence in the U.K.'s position in the global crypto market had been waning. In a survey of 300 British fintech founders, only 9% believe it's leading the way on crypto. Yet the U.K. is home to a fairly active crypto market.

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