EFL clubs facing financial ‘hole’ of £200m by September

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Football League (EFL) clubs are facing a “cash hole” of £200 million by September, league chairman Rick Parry told a parliamentary committee on Tuesday.Parry, who was being questioned by the Digital, Culture, Media and Sports Committee, said all involved in the game, including players and owners, needed to “share the pain”. “We are heading for a financial hole of about 200 million, a cash hole we need to fill. Clubs will need to fill… The cash hole towards autumn looks pretty grim,” said Parry.The former chief executive of Liverpool FC said he was hoping the league would come out of the crisis “stronger, leaner (and) more efficient, to have a proper reset”.He expressed the hope that players would be willing to take pay cuts.“What was clear at the start of the process (was that) the players were not aware of the depth of the problem.”Parry added that an “open book” policy from the league would help the players see the need for cuts or deferrals. The EFL, which includes the second tier Championship, has not played since early March.Reuters/NAN.Tags: COVID-19EFLEnglish Football ClubsFinancial Holelast_img read more

Bayern’s James Rodriguez joins Ares as an ambassador

first_imgBayern Munich and Colombia midfielder James Rodriguez has joined esports organisation Ares Esport in an ambassadorial role.Rodriguez joins an impressive, if somewhat odd, host of names at the team which includes Riyad Mahrez of Leicester City, Yannick Carrasco of Atletico Madrid and Tottenham Hotspur’s Moussa Sissoko amongst others. The involvement of these players is, unsurprisingly, FIFA esports focused and is intended to give players from all backgrounds an opportunity to showcase their skills on ‘a global stage’. The ambassadors will lend their support via ‘coaching, social networks and physical presence at Ares events’.  There are set to be plenty of tournaments to get involved in, and with the pro players will using their own profiles to give these a boost, they should see a lot of sign ups. The goal of Ares, as per its homepage mission statement, is ‘to develop and democratize the practice of esports by enabling new talent to shine internationally’. There’s reportedly a number of contracts waiting for those who prove themselves worthy too. On the site it notes that ‘At the beginning of November, we will set up a worldwide device for the detection of the best talents through open tournaments on a selection of video games.’ It also states that these will be given a contract with Ares. The current James Rodriguez Welcome Tournament opened qualifiers on October 14th, though there’s still a chance to get involved as qualifiers continue until the 23rd. There’s €2,500 (£2,200) up for grabs. Very excited to join an esport team ! https://t.co/faLd1JCCn4 [email protected] #GAMEISALL #AresEsport #Esport pic.twitter.com/8jQOOANgak— James Rodríguez (@jamesdrodriguez) October 14, 2017Ares, or Alpha Republic of Esports, is a Paris based company, and there’ll be an offline finale in the French capital for the James Rodriguez tournament on November 2nd. Ares also involves itself in hosting tournaments for other games including Dota, CS:GO, Hearthstone and more. Esports Insider says: With a diverse range of ambassadors on board from across the world of football, and elsewhere Ares has the potential to reach a considerable number of esports outsiders. The FIFA 18 tournament in particular should garner considerable attention, and we’re keen to know more about which games Ares will be dishing out contracts for and their plans in detail in this regard.last_img read more