The club privatisation drive currently being pushed through by the Malaysian FA (FAM) will introduce several beneficial changes in Malaysian club’s operations, according to its general secretary Stuart Ramalingam.
In a press briefing held on the morning of Friday, August 14, at Wisma FAM, Kelana Jaya, Stuart provided more details concerning the ongoing initiative, as well as its current status. He also took the time to answer the media personnels’ questions on the clubs’ 2021 license applications.
Stuart Ramalingam
Super League and Premier League outfits currently have u…
Read the full article at: https://www.goal.com/en-au/news/harsher-more-personal-repercussions-failure-pay-players/12929w59xw3u31uz5yb0r538n6
DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround in user engagement.
The Boston-based gambling company posted a second-quarter loss of $161.4 million, or 55 cents per share, compared to a loss of $28.11 million, or 15 cents per share, the same quarter last year. Analysts polled by Dow Jones had expected a per-share loss of 20 cents.
The company’s worst-than-expected income figures came as Covid-19 continued to derail scores of professional and college sports leagues as efforts to contain the coronavirus force athletes and fans home.
Shares fell 6% in morning trading after the release of the earnings report.
Though the popular stock…
Read the full article at: https://www.cnbc.com/2020/08/14/hot-gambling-stock-draftkings-falls-5percent-after-company-reports-larger-loss-than-expected.html
Image copyright Getty ImagesA gambling addict stole nearly 300,000 from his Grand National-winning jockey father’s business to pay off a debt.
Oliver De Haan took the cash from the coffers of Ben De Haan, who won the Grand National on Corbiere in 1983.
As a result Ben De Haan’s equine business in Lambourn, Berkshire, went into administration, Reading Crown Court heard.
Oliver De Haan, 29, of Upper Bolney Road, Henley-on-Thames, admitted fraud and was jailed for 20 months.
The court heard he had taken the money to pay back an 80,000 gambling debt.
Financial manager role
Sentencing him, judge Emma Nott said he had run the business “into the ground”.
The court heard…
Read the full article at: https://www.bbc.com/news/uk-england-berkshire-53781414
DGAP-News: aap Implantate AG / Key word(s): Half Year Results
14.08.2020 / 15:48
The issuer is solely responsible for the content of this announcement.
The COVID-19 pandemic led to a significant impairment of business operations at aap Implantate AG (“aap” or “Company”) in recent months, which is reflected in the development of sales and earnings in the second quarter and first half of 2020. aap achieved sales of EUR 1.9 million in the second quarter of 2020 (Q2/2019: EUR 2.5 million) and EUR 4.4 million in the first six months (H1/2019: EUR 6.0 million). EBITDA was significantly impacted by one-time effects from the ongoing restructuring and refinancing as well as the revision of the quality management system and amounted to EUR -2.1 mi…
Read the full article at: https://www.pharmiweb.com/press-release/2020-08-14/q2-and-h12020-tangible-positive-impact-of-restructuring-on-aap-performance-in-challenging-covid-19
BDO USA, LLP announced that David Balderach and Robert Novak recently joined the firms business restructuring and turnaround services practice. Balderach, an industry veteran serving the lending and restructuring needs of energy and oilfield services businesses for the past 30 years, has joined BDOs Houston office. Balderach brings his deep industry experience to BDO to advise companies, lenders and other investors on complex restructuring matters. Most recently serving as an SVP and Manager of Energy Special Assets, Balderach represented his former firm in multiple bankruptcy cases during the 2015-2016 energy downturn. Novak brings more than 20 years of experience in crisis management, operations improvement and debt restructuring to t…
Read the full article at: https://www.abladvisor.com/news/19106/bdo-usa-welcomes-balderach-and-novak-to-business-restructuring-practice
Now residents with debt problems are being urged to seek advice at an early stage.
More than 8 in 10 insolvency and restructuring professionals questioned in a survey by their trade body R3 say they expect personal insolvency numbers to increase within the next 12 months.
Of these, the majority, 62 per cent, expect the increase to happen in October-December this year
Three in 10 think it will occur in the first quarter of 2021.
Allan Cadman, R3s North West Chairman, said the survey suggests the impact of the pandemic on peoples finances had been delayed.
Nearly half of respondents said demand for personal insolvency advice had decreased during April-May, while 38 per cent said it was unchanged.
la…
Read the full article at: https://www.burnleyexpress.net/lifestyle/spike-personal-insolvencies-predicted-later-year-north-west-experts-2942321
ANCHORAGE, Alaska (AP) The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees.
Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court, arguing that the bonuses are justified because of long hours and the hard work that went into selling the company’s assets after it shut down during the coronavirus pandemic, Alaska Public Radio reported.
The final sale of all the assets is expected to generate more than $55 million, exceeding what the company anticipated. Chief Executive Officer Dave Pflieger has already collected $1.4 million in salary, bonuses and expense payments ov…
Read the full article at: https://www.fox23.com/news/bankrupt-alaska/JYYOYXWNCVHNKKMAEC4NHPWOL4/
The FSA Group Ltd (ASX: FSA) share price today surged higher after the company reported better than expected full year results. The FSA share price was up 15.56% to $1.04 by the markets close.
What FSA Group does
FSA Group is a provider of debt solutions and direct lending services to individuals in Australia. FSA has serviced thousands of Australians for just over 19 years. FSA offers a range of debt solutions and direct lending services. The company says it tailors these services to suit clients individual circumstances and to achieve successful outcomes for its clients. FSA has two business divisions which are Services and Consumer Lending.
How did FSA perform in FY 2020?
As stated by FSA, the 2020 financial year has been a year of c…
Read the full article at: https://www.fool.com.au/2020/08/14/fsa-share-price-surges-16-thanks-to-positive-annual-report/
FRANKFURT: Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly review following the collapse of the payments company amid allegations of accounting fraud.
The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favoured immediate removal of bankrupt companies from the index, rather than waiting for the review.
Delivery Hero AG is seen as the most likely candidate to take the spot among Germanys most valuable companies, according to the latest index ranking list.
According to the new rules, insolvent companies shall be removed from the DAX Selection Indices with two trading days notice, Deutsche Boerse said …
Read the full article at: https://www.thestar.com.my/business/business-news/2020/08/14/ailing-wirecard-set-to-exit-dax-index
The West of England could see a steep rise in the number of corporate insolvencies this winter, a restructuring trade body is warning.
According to research from R3, there could be an increase as early as October.
The member survey of UK insolvency and restructuring professionals, found an overwhelming majority (93.7%) of respondents believed there would be an increase in businesses becoming insolvent.
Some 56% predicted the increase would take place between October and December, and more than half (56.1%) said numbers would be significantly higher than in 2019.
Respondents felt the main triggers for corporate insolvency advice over the next 12 months would be rent payments or arrears (61.7%), trade debts (49.7%), tax payments or arrea…
Read the full article at: https://www.business-live.co.uk/economic-development/corporate-insolvencies-could-spike-after-18765573
LIQUIDATION documents of the company trading as The Edge Bar and Restaurant, which previously operated from Rockhamptons riverbank, have revealed the company may have been doomed from the beginning as it immediately traded at a loss.
The liquidation has blown out to more than $2.5 million with a meeting of creditors to be held next week.
The restaurant was closed suddenly in September 2018, a shock to customers who went to dine there as per usual, some who had bookings, and it was closed.
The company, Merlot Gordon Pty Ltd, which is officially registered to Bouldercombe and Frenchville addresses, filed for liquidation the following year.
David Hambleton of Rodgers Reidy Chartered Accountants was appointed the administrator on October 23…
Read the full article at: https://www.themorningbulletin.com.au/news/extent-of-the-edge-bar-and-restaurant-liquidation-/4078460/