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Rangers confirm Sarver approach

first_img1 Rangers Robert Sarver, the majority owner of the Phoenix Suns NBA basketball team, has made an approach to Rangers which may lead to an offer being made for the company, the club has announced to the Stock Exchange.Reports emerged on Sunday that an £18million takeover bid from Sarver had either been lodged or was about to be and on Monday the club confirmed interest from the 53-year-old.“The Company notes recent press speculation and confirms that it has received an approach from Robert Sarver (or a vehicle to be established and controlled by him) (“Mr Sarver”) that may or may not lead to an offer being made for the Company,” Rangers said.“There can be no certainty that an offer will be made, nor as to the terms on which an offer may be made. A further announcement is expected shortly.”The statement added that Sarver must make an offer or withdraw his bid by 5pm on February 2.It is another twist to a seemingly never-ending saga, but Press Association Sport understands the financier may now be prepared to back Dave King and the ‘Three Bears’ group’s attempts to seize control of the club.He lodged his offer in an email to Rangers International Football Club chairman David Somers just after Christmas.Sarver – a keen sports fan whose sons are interested in the game – asked the Rangers board to call a general meeting to vote on a plan which would have seen enough new shares issued to hand him a 51 per cent stake.He was also prepared to spend up to £15million buying out any remaining shareholders as he sought a 100 per cent stake in the club.Sarver, who also owns the Phoenix Mercury Women’s NBA team, submitted his offer at the same time to WH Ireland, which manages RIFC’s listing on the Alternative Investment Market.But it remains to be seen if he will press ahead with his bid after former oldco director King followed the ‘Three Bears’ group of Douglas Park, George Letham and George Taylor in buying up significant tranches of equity last week.King now holds a 14.57 per cent share, while Park, Letham and Taylor are responsible for 19 per cent.It’s understood the Three Bears have had tentative talks with Sarver but there is no deal in place.However, it seems unlikely that he will now be able to take control of the club following the moves made by King and the Three Bears.At least 75 per cent of shareholders would have to agree to new shares being issued to a non-shareholder at a general meeting, after resolution nine was defeated at the annual general meeting in December.Somers has already rejected a £16million investment plan offered by King which would have seen the South Africa-based businessman receive a controlling stake and seats on the board.last_img read more

11 helpful financial tips with Pascal: Don’t do the Ostrich!

first_imgPascal Curran, a Letterkenny based financial advisor and founder of advicefirst.ie, has some financial tips for when we feel like burying our heads (but know deep down, that it’s only making matters muuuuch worse!)Pascal’s got your back!At Advice First Financial we think it’s only right to help our customers, in any way we can, when it comes to helping them to manage their finances – money matters are not black and white, they equate to freedom, security, peace of mind and – it means a lot to get to grips with it all – and not bury our heads! Some tips for taking a deep breath and sorting things out: Plan a household budget:A family budget can help you control your household spending so that you have enough money to pay your bills and cover the basics on an ongoing basis. When starting out to manage your money, it is important to record where you are specifically spending. Record all those little runs to the shop, the cups of coffee, the wee things we don’t realise that are costing us loads in the long-run. You need to understand where you are spending your money before you can take control. Writing it down is empowering and informative. Start an emergency fund:Always have some money put by for unexpected events – we never know what’s around the corner. A rule of thumb is to have at least 3 months’ net salary saved for emergencies. More than just a rainy day fund – this is money that could really solve a bigger problem should it arise and is important to have it saved. Get better value:There are lots of online interactive tools that can helps you compare your spending on household expenses. You can compare costs on mobile phones, broadband, groceries and energy. Using a price comparison app – or just shopping around yourself, can really maximise your budget – and save for what matters. Manage your credit card.Now this is the biggie. Firstly, know that the interest rate on your credit card is huge. Probably more than you think. Check it.. So.You should always aim to clear the balance on your credit card at the end of the month. This should be a must….If you have an outstanding balance. Set up a direct debit. You can choose what percentage you want to pay and thus avoid any unnecessary interest and charges by always paying on time.Check if you can transfer the balance to another provider who is offering a better interest rate, in fact there are a couple of providers offer 0% for a few months on balance transfers. Plan your spending; Make a list and decide what you will use your credit card for to avoid impulse spending.Check your statements; Either over the phone or on-line, reviewing your account regularly will keep you in control of your spending and avoid accidentally going over your credit limit. Get protected: Life insurance is not a luxury:If you have dependents, a life insurance plan is not a luxury, it’s a fundamental need. It helps maintain your family’s regular standard of living if something happened to the main breadwinner. If you have a mortgage you need life cover to help clear the mortgage if you pass away. If you are renting, if you pass away – how will your family afford the rent and the other household bills.We can help you understand your family’s protection needs at Advice First, well worth considering. Get your tax backDid you know that you can potentially claim tax back on many items that you are spending on?! – For example: Medical feesPension and Income Protection plansService charges for refuse collection, sewage disposal or domestic water suppliesFees paid for approved third-level coursesWhy not go to Revenue.ie for a full list of tax reliefs available or contact us at Advice First and we will be happy to put you in touch with our tax advisor. Plan for your retirement:For some of us the state pension won’t start until age 68, so having your own pension plan is vital. You can get full tax relief on the contributions – so you should really make the most of this.We can help you work out what your pension needs are, too. Become a super-saver:With credit still difficult to come by, now may be the time to devise a ‘super-savings’ plan to help you get in the habit of squirreling away as much as you can. So instead of opening just one savings account, you could open several regular savers, each designed to help pay for things like holidays, new car, third level education costs and home improvements. Be smart with your investments:Consider an investment that suits your needs by doing a risk profile test to identify what type of investment is right for you. Generally, best advice is to spread your money across different types of investments and assets. Give your finances a regular check-up:Finally, it’s really important to regularly review your finances with your Financial Advisor, this way you’ll find it easier to keep on top of things. You’ll thank yourself in the short and longer term for taking control with the support of a professional. Arrange a Financial ReviewIt will only take an hour of your time and it will be arranged at a time that suits you. You’ll feel miles better afterwards – knowing that you’ve taken a responsible step in the right direction. Each month Pascal will provide financial advice on the most frequently asked topics – here on Donegal Daily and is looking forward to further breaking down the barriers around financial advice in his renowned experienced and jargon-free way! If you would like to book a no obligations consultation with Pascal, click here or simply call  +353 74 910 39 38 to talk to us today.Follow us on Facebook & Instagram  Advice First Financial Services Ltd trading as Advice First Financial is regulated by the Central Bank of Ireland.11 helpful financial tips with Pascal: Don’t do the Ostrich! was last modified: May 29th, 2019 by Pascal CurranShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:advice firstbudgetFinancialPascal Curransavingslast_img read more

Arrest warrant issued against Bimal Gurung

first_imgIn yet another setback to Gorkha Janmukti Morcha (GJM) leadership, a court in West Bengal’s Darjeeling district has issued arrest warrants against eight leaders, including party president Bimal Gurung, for their alleged involvement in the violence that rocked the district in June.Violence had erupted in the Darjeeling hills when Chief Minister Mamata Banerjee held a Cabinet meeting there on June 8. Several police personnel were injured and the Army was called in to control the situation.“The warrants have been issued by Chief Judicial Magistrate, Darjeeling, on a plea by the CID (Criminal Investigation Department) on Tuesday. The Court wanted to have a hearing in the day,” Ajay Prasad, Special Superintendent of Police, North CID, told The Hindu. Besides Mr. Gurung, warrants have been issued against his wife Asha Gurung, GJM general secretary Roshan Giri and five others.last_img read more

29 years later, Kashmir Pandit returns to jubilant welcome

first_imgA Kashmiri Pandit’s homecoming to Srinagar, 29 years after he left the State, on Thursday was met with a rousing reception from locals, infusing hope for the peaceful return of the Hindu community that had to leave the Kashmir Valley in the 1990s in the face of raging militancy.Roshan Lal Mawa, in his 70s, on Thursday threw open a shop selling dates in the volatile old city’s Zanai Kadal area, from where he hails originally. That Mr. Mawa will sell a variety of dates is also symbolic since the Muslim holy month of Ramzan is a few days away.Jubilant localsTo his surprise, decision to reopen the shop, closed for 29 years, attracted jubilant locals and fellow shopkeepers. Mr. Mawa was welcomed with the tying of a white turban around his head, a Kashmiri tradition, and many hugs were exchanged. “I have set up a thriving dry fruit business outside [Kashmir]. I lived a happy life in Delhi. But I decided to return [to Kashmir] because I missed the affection I have here, the brotherhood, the hugs and the Kashmiriyat (cultural values of the Kashmiri people). You can’t find these values anywhere in the world,” said Mr. Mawa.He was among the hundreds of members of the Kashmiri Pandit community that was forced to migrate outside the Valley as militancy spread in the 1990s. Mr. Mawa’s decision to return was not easy, given the circumstances in which he had to leave.“It was October 13, 1990. A youth entered my shop and asked for dry fruit samples. In the meantime, he pulled out a pistol and shot me four times in my abdomen. I survived. I, along with my wife, moved outside the State,” he recalled.‘Yearning to return’He said his return to his roots “reflects the general yearning of my community to return home”. But, Mr. Mawa added, “I oppose the idea of having separate colonies for Pandits. It will make us soft targets. I want my [Muslim] neighbours to take care of my children.” Leaders of regional parties joined in welcoming Mr. Mawa. “Eventually, it will be this leap of faith taken by Roshan Lal and the warmth shown by his Muslim brethren that will strengthen ties and also encourage them [Kashmiri Pandits] to return home, where they truly belong,” said Peoples Democratic Party (PDP) president and former chief minister Mehbooba Mufti.last_img read more

Red Lions, Bombers out to sustain surge

first_imgLATEST STORIES Star import under close scrutiny San Beda and Jose Rizal U seek to close out the first round on a positive note when they clash with separate rivals on Tuesday in the NCAA Season 93 men’s basketball tournament at Filoil Flying V Centre in San Juan.Running second behind Lyceum, the Red Lions go up against the dangerous Arellano Chiefs at 4 p.m. in their first meeting since the finals last season won by San Beda via a two-game sweep.ADVERTISEMENT Robredo should’ve resigned as drug czar after lack of trust issue – Panelo “You cannot be overconfident against Mapua. They can play,” Meneses said. “If we don’t do things right, they’re going to beat us.”The Lions can stay within striking distance of the Pirates with a victory over the Chiefs who snapped their slide by trouncing St. Benilde, 87-81.The Chiefs’ win also marked the breakout game of rookie guard Levi Dela Cruz, who exploded for 24 points on a 4-of-8 shooting from beyond the arc.“We have to be ready because they have players who can step up also,” said San Beda coach Boyet Fernandez.After losing to Lyceum early in the season, San Beda has quietly piled up five straight victories with Robert Bolick and Jayvee Mocon at the forefront of its relentless attack.ADVERTISEMENT Don’t miss out on the latest news and information. MOST READ The Heavy Bombers look to continue their surge as they take on the struggling Cardinals of Mapua at 2 p.m.After a sputtering start, the Bombers have racked up three straight victories, including a 70-60 triumph over San Sebastian last Thursday.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening“If we’re playing to our potential, I don’t fear any team in the league,” JRU coach Vergel Meneses said of the Bombers, who are running third at 5-3. “It’s really up to the players if they’re willing to rise to the challenge.”The Bombers own the league’s stingiest defense, allowing just 62.8 points an outing. Still, Meneses said JRU can’t take Mapua lightly despite its 1-7 record. View comments Trump signs bills in support of Hong Kong protesterscenter_img Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Lacson: SEA Games fund put in foundation like ‘Napoles case’ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Sports Related Videospowered by AdSparcRead Next NATO’s aging eye in the sky to get a last overhaul Biggest Pogo service provider padlocked for tax evasion Celebrity chef Gary Rhodes dies at 59 with wife by his side Hotel says PH coach apologized for ‘kikiam for breakfast’ claimlast_img read more