Back Again…PIRC warns against Paddy Power Betfair executive compensation

first_img Submit Share Share BGC: Charities win big as bookies take beating in Britannia Stakes June 19, 2020 FSB selects Glenn Elliott as new COO August 12, 2020 Shareholder advisory Pensions & Investment Research Consultants (PIRC) has again criticised Paddy Power Betfair (PPB) governance regarding executive rewards and bonus arrangements, ahead of the FTSE firm’s annual general meeting this Wednesday.PIRC advises PPB investors to reject the firm’s remuneration report, due to concerns regarding the ‘termination arrangements’ for PPB governance and leadership.The shareholder advisory points to last year’s €3.7 million payment of former group Chief Operations Officer and Paddy Power (legacy) CEO Andy McCue, which deemed ‘excessive’ by PIRC officials.Furthermore, PIRC has urged shareholders to oppose the motion which would allow PPB governance to sanction an executive buyback program for up to 10% of the firm’s total holding.The advisory states that PPB governance have given ‘no clear justification’ for allowing the program. The advisory further details that PPB investors should have a better level disclosure relating to executive targets and bonus incentives.Dating back to 2014, PIRC has attacked Betfair (legacy) corporate governance and leadership of executive reward misconduct, and not acting in the best interest of its shareholders and their dividends. Related Articles Alex Gersh returns to betting as Sportradar CFO   July 13, 2020 StumbleUponlast_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

Colin Kaepernick wanted $20M to play in AAF, report says

first_img AAF reportedly posts better ratings than top NBA matchup The Alliance of American Football reached out to quarterbacks Colin Kaepernick and Tim Tebow about playing in the spring league, co-founder Bill Polian told The Athletic this week.That’s big news, but Kaepernick’s purported response is eye-popping. Tebow declined to join the league, Polian said. The former NFL QB will be in the Mets’ MLB camp this spring as he pursues a career in baseball.A couple notes after talking to Bill Polian about AAF:1) CEO Charlie Ebersol reached out to Colin Kaepernick about interest in playing in the league. “I don’t know what transpired, but he’s obviously not playing,” Polian said. Polian personally spoke to Tim Tebow, who declined.— Lindsay Jones (@bylindsayhjones) February 14, 2019Kaepernick, the former 49ers quarterback, began kneeling during the national anthem to protest police brutality and racial injustice in 2016. The quarterback opted out of his contract with San Francisco in March 2017 and has not found work in the NFL since.He threw for 72 touchdowns with 30 interceptions during his six seasons with the 49ers. He also rushed for 13 scores and led the Niners to the Super Bowl after the 2012 NFL season. The former 49ers quarterback, 31, wanted $20 million or more to consider playing with the league that started play last weekend, The Associated Press reported, citing an unidentified person with knowledge of the conversation.Neither side has publicly acknowledged the discussions, but Kaepernick’s price tag clearly made him a non-starter — literally and figuratively. AAF players’ non-guaranteed contracts pay them $225,000 over three years, but they also are free beginning in May to pursue NFL careers. Related Newscenter_img Meanwhile, Tebow has been out of the NFL since 2012. The former Florida star, who won the Heisman Trophy in 2007, is currently playing minor league baseball in the Mets organization.Polian and Charlie Ebersol co-founded the AAF in 2018. The league’s inaugural games were last weekend. Former Jets QB Christian Hackenberg struggles in AAF debutlast_img read more