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Hudson’s Bay chairman puts together $1.3 billion offer for retailer

( ) – Hudson’s Bay Co Executive Chairman Richard Baker said on Monday he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a C$1.74 billion ($1.3 billion) cash deal.

The proposal comes as Hudson’s Bay has been shuttering its underperforming shops to cut costs as it competes with discount direct-to-consumer brands and e-commerce behemoths such as Amazon.com Inc.

It opens up Baker to inv上海夜生活论坛estor scrutiny, given that the buyout consortium he put together is made up of shareholders who already own 57% of the company. Hudson’s Bay said it had set up an independent board committee to evaluate the offer, which is subject to a vote by a majority of shareholders not affiliated with Baker’s bid.

“If you don’t go through these processes, you are really vulnerable to a lawsuit alleging that you shoved this down their throats,” said Eric Talley, co-director of the Millstein Center for Global Markets and Corporate Ownership at Columbia Law School in New York.

Shares of Hudson’s Bay rose 45% to close at C$9.25, slightly below the C$9.45 that shareholders will receive under the proposed deal. The offer represents a 48% premium to Friday’s closing share price. At its peak in 2015, the retailer was worth almost $30 per share.

Hudson’s Bay, which owns the Saks Fifth Avenue and Lord & Taylor retail chains, is the latest challenged retailer to consider going private. Last year, members of Nordstrom Inc’s founding family offered $8.4 billion for the company, but abandoned the bid once that company’s special board committee rejected it.

“While we continue to believe in Hudson Bay’s long-term potential, it has become clear that the significant challenges, risks and uncertainties facing Hudson Bay in the rapidly evolving retail environment are best addressed in a private market setting,” Baker said in a statement.

Baker’s buyout consortium includes Rhone Capital, WeWork Property Advisors, Abu Dhabi Investment Council and Abrams Capital Management.

Hudson’s Bay had said last month it was pursuing strategic alternatives such as a sale or merger for its department store Lord & Taylor.

Management has resisted calls from activist investor Jonathan Litt’s Land and Buildings Investment Management LLC to also sell Saks Fifth Avenue. A source familiar with Land & Buildings’ thinking said the hedge fund considers Baker’s offer significantly inadequate.

Hudson’s Bay also said on Monday it would sell its stake in its real estate joint venture in Germany to Signa Retail Holdings in a deal valued at C$1.5 billion.

Proceeds from its Signa deal will be used to reduce Hudson’s Bay’s debt, making a take-private deal more easy to finance.

Hudson’s Bay real estate could be worth as much as $6.4 billion or $35.24 per share, the company said in 2017. However, that figure included the Lord & Taylor flagship store, which the company sold to WeWork and partner Rhône Capital for $850 million in October 2017, and a Vancouver property owned by the company’s RioCan joint venture, since sold for $675 million.

Land and Buildings and other shareholders have criticized Hudson’s Bay for not doing enough to capitalize on the value of its properties.

EVALUATING OFFER

Investment bank JPMorgan Chase & Co worked with Hudson’s Bay on its deal to sell its stake in its German real estate joint venture, and will also advise the retailer’s special board committee in evaluating Baker’s proposed deal.

The special board committee will oversee the preparation of a formal assessment of the offer by an additional independent valuator, Hudson’s Bay said. Toronto-Dominion Bank is in line to win that role, according to a person familiar with the matter.

Hudson’s Bay, North America’s oldest company, was taken over in 2008 by Richard Baker’s private equity firm NRDC Equity Partners, which already owned Lord & Taylor.

Baker took the company public in 2012, following up with a string of acquisitions, including Saks Fifth Avenue for $2.9 billion, Gilt Groupe for $250 million, and German department store chain Galeria Kaufhof from Metro Group for $3.2 billion.

To bolster the company’s finances while retaining his influence over Hudson’s Bay, Baker sold stakes in the firm in separate transactions to other investors who aligned with him in the board room.

Other department store retailers including Sears Holdings Corp and J C Penney Co Inc have faced financial troubles as more consumers buy online.

Sears Chairman Edward Lampert also orchestrated deals to keep the retailer alive, before it filed for bankruptcy last year. He also became the company’s biggest creditor.

Take Five: Trade winds – World markets themes for the week ahead

( ) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the stories related to them.

1/WATCH THOSE CURVES

Moody’s warned this week that a trade war could tip the U.S. economy into recession next year. And U.S. President Donald Trump’s latest decision to hike tariff rates on Chinese goods has possibly brought that risk a bit closer. At least the bond market seems to think so — the yield on three-month U.S. Treasury bills is on the cusp of rising above 10-year yields.

A sustained curve inversion, as such a shift is called, would be seen as a sure-fire recession signal; in a normally growing economy, longer-dated borrowing costs are higher than short-term rates.

But the curve has sent a false alarm at least once before and some believe it is doing so again, above all because huge Fed purchases have depressed longer yields. Huge issuance of short-term debt is also likely to have contributed to the flattening.

Which brings us to another question. Given 2019 net borrowing will top $1 trillion, might Washington find itself scrambling to find buyers? Some dismal bond auctions recently have raised the question whether China is paring Treasury purchases — due to the escalating trade spat. Simmering tensions will keep the issue alive.

2/ TALK, TWEET, REPEAT

Industrial output, retail sales, house prices: a batch of data due in coming days was supposed to give investors an idea about how China’s economy was faring against a backdrop of 10% U.S. tariffs and authorities’ stimulus policies.

Fast forward and the stakes have been raised — quite a lot. On Friday, Washington hiked tariffs on $200 billion worth of Chinese goods to 25% and Trump, reverting to Twitter, has threatened more. Beijing warned it would retaliate, though it didn’t say how.

Negotiations to try to end a 10-month-old trade war between the world’s biggest economies are continuing, and markets have taken heart from China’s decision to stick with the talks. Another factor is China’s central bank, which assured markets it had “rich” policy tools to cope with external uncertainties. Weak economic data can only cement that resolve.

3/OIL SLICK

The world economy seems to be shifting into a lower gear but Brent crude futures are holding above $70 a barrel, up 30% this year. Barclays sees a climb to $74-$75 in the coming year.

In the short-term too, oil looks well-supported. On the demand side, Chinese imports hit a record in April, possibly due to economic stimulus measures taking effect. And supply has been curtailed by a pipeline contamination issue in Russia and U.S. sanctions that have cut shipments from Venezuela and Iran.

Venezuelan exports have dropped 40% since January and Iran’s exports have more than halved, to one million barrels per day or less. They are expected to slide further in May.

None of these issues will be resolved anytime soon. Iran for one is threatening to retaliate against U.S. sanctions by breaching a nuclear pact signed in 2015. Sanctions have failed to dislodge Venezuelan President Nicolas Maduro but they are likely to cut oil exports further in May, after the expiry of an April 28 deadline for U.S. firms to complete existing deals.

4/NO STICKER SHOCK

Few U.S. data series have been as choppy in recent months as retail sales. December’s drop in core sales was the largest in nearly two decades — only to be followed by an equally large swing to the upside in January. Demand for big-ticket items like cars then pushed the March total to the highest in 18 months.

Consumer resilience, emboldened by a strong job market, was a key pillar of support for the U.S. economy in the first quarter. So the April reading will show if that willingness to spend continues into Q2.

estimates point to the first back-to-back rise in retail sales since November. Headline sales are seen up 0.2%.

The report comes soon after Trump imposed new tariffs on $200 billion of Chinese imports, but it is far too soon to see a meaningful impact from the trade war between the world’s two largest economies. Shoppers will probably not start reacting to sticker shock until the third quarter.

5/ITALIA DEJA VU

Once again it seems there’s good reason to fret over Italy, the euro zone’s third-biggest economy — and one of its most indebted.

Tensions have flared within the ruling coalition over a corruption scandal that cost a junior minister his job. Rome may find itself footing the bill for a bank bailout after BlackRock ditched a proposed rescue of Carige. And finally, the European Commission has warned that Italian finances may deteriorate further. So another showdown with the EU might be looming.

How talks on deficit targets may pan out could become clearer at the May 16 Eurogroup meeting of finance ministers.

Signs of compromise will bring relief to Italian bond markets, where yields have seen their biggest weekly jump in three months with a rise of over 10 basis points. Contrast that to Spain and Portugal, often lumped in with Italy as the euro zone “periphery” — 10-year Spanish yields are at 2-1/2 year troughs while Portuguese yields have touched record lows.

The latest bond se上海夜生活论坛ll-off, which took Italian yields to 2.7%, is small compared to the rout a year ago when yields spiked to 3.4%. But who could be blamed for a sense of deja vu?

U.S. internet firms ask Trump to support encryption, ease regulations

WASHINGTON ( ) – U.S. internet companies including Facebook Inc and Amazon Inc have sent President-elect Donald Trump a detailed list of their policy priorities, which includes promoting strong encryption, immigration reform and maintaining liability protections from content that users share on their platforms.

The letter sent on Monday by the Internet Association, a trade group whose 40 members also include Alphabet’s Google, Uber and Twitter, represents an early effort to repair the relationship between the technology sector and Trump, who was almost universally disliked and at times denounced in Silicon Valley during the presidential campaign.

“The internet industry looks forward to engaging in an open and productive dialogue,” reads the letter, signed by Michael Beckerman, president of the Internet Association, and seen by .

Some of the policy goals stated in the letter may align with Trump’s priorities, including easing上海夜生活网 regulation on the sharing economy, lowering taxes on profits made from intellectual property and applying pressure on Europe to not erect too many barriers that restrict U.S. internet companies from growing in that market.

Other goals are likely to clash with Trump, who offered numerous broadsides against the tech sector during his campaign.

They include supporting strong encryption in products against efforts by law enforcement agencies to mandate access to data for criminal investigations, upholding recent reforms to U.S. government surveillance programs that ended the bulk collection of call data by the National Security Agency, and maintaining net neutrality rules that require internet service providers to treat web traffic equally.

The association seeks immigration reform to support more high-skilled workers staying in the United States. Though Trump made tougher immigration policies a central theme of his campaign, he has at times shied away from arguing against more H-1B visas for skilled workers, saying in a March debate he was “softening the position because we need to have talented people in this country.”

While urging support for trade agreements, the letter does not mention the Trans Pacific Partnership, which Trump has repeatedly assailed with claims it was poorly negotiated and would take jobs away from U.S. workers. The technology sector supported the deal, but members of Congress have conceded since the election it is not going to be enacted.

Trump’s often-shifting policy proposals on the campaign trail frequently alarmed tech companies and sometimes elicited public mockery, such as when Trump called for closing off parts of the internet to limit militant Islamist propaganda.

Trump has also urged a boycott of Apple Inc products over the company’s refusal to help the Federal Bureau of Investigation unlock an iPhone associated with last year’s San Bernardino, California, shootings, threatened antitrust action against Amazon, and demanded that tech companies such as Apple manufacture their products in the United States.

In a statement, Beckerman said the internet industry looked forward to working closely with Trump and lawmakers in Congress to “cement the internet’s role as a driver of economic and social progress for future generations.”

In Silicon Valley, some Indian Americans shun Clinton after election row

SAN FRANCISCO ( ) – Hillary Clinton, who has long cultivated the Indian-American community for both funds and votes, is tapping into the excitement around the Silicon Valley visit of Indian Prime Minister Narendra Modi this weekend. Next Monday she is holding a presidential campaign fundraiser expected to attract many prominent Californians with ties to India.

    But some Indian-American Democrats from the region have told they won’t be attending the event, in part because they are upset about the way a candidate was treated in a 2014 race for a Silicon Valley congressional seat. Their frustration extends to other Democratic candidates and causes besides Clinton, who wasn’t involved in the race, but ignoring her campaign is a high-profile way to vent.

    Supporters of the candidate, Ro Khanna, an intellectual-property lawyer of South Indian heritage, accuse his opponent, fellow Democrat Mike Honda, of using race-baiting to undermine Khanna. Honda narrowly beat out Khanna, a former trade official in President Barack Obama’s administration, in the election for a seat in the House of Representatives.

    Just weeks before the election, Honda attacked Khanna in a television ad for supporting “companies that send our jobs overseas.” In the same ad, a shadow briefly appeared on Khanna’s forehead that some Khanna supporters interpreted as a bindi, a red dot worn by many Indians but not by Khanna. 

    Khanna’s supporters point out that in 2012 he published  a book on the importance of U.S. manufacturing jobs, and they say that the shadow was an attempt to spark unease among non-Indians. They say the Democratic Party should have intervened to stop what they saw as unfair attacks.

    Honda spokesman Adam Alberti says Khanna’s financial backers included supporters of outsourcing, and no dot was placed, or is visible, on Khanna’s forehead in the ad in question.

    “The issue of racial baiting is both unfounded and is shallow political theater,” said Alberti, adding that as a Japanese-American who was held in an internment camp as a baby during World War II, Honda is especially committed to racial diversity. In March, Honda co-hosted a networking and fundraising event for “Ready for Clinton,” the organization that sought to draft Clinton to run for president.

    Among those who say they aren’t going to Monday’s Clinton fundraiser, or getting involved in other Democratic campaigns out of concern at Khanna’s treatment, is Rahul Roy, a software entrepreneur. “It hurts,” he says. Roy recently hosted a fundraiser for Khanna, who is  running for the seat again in 2016.

    The Clinton campaign says it is concentrating on the large numbers of Indian Americans that back her. “Hillary Clinton is grateful for the broad support she is receiving across the Indian-American and Asian-American and Pacific Islander communities in California and around the country,” a spokesman said. He did not respond to questions from about the disquiet over the 2014 election.

SOCIAL JUSTICE

    Certainly Clinton has been raising funds in Silicon Valley, where donations to her and an organization raising money on her behalf from area technology employees have totaled $1.07 million through June 30, according to the Center for Responsive Politics.

    And some Khanna supporters are raising money for her. Monday’s Clinton fundraiser – which she is due to attend in person – is being hosted in their home by Khanna supporters Kamil Hasan, a venture capitalist, and his wife Talat Hasan, an entrepreneur. Tickets start at $1,000, and it is expected to attract at least 150 donors, according to a person familiar with the event.

    Khanna’s supporters have shown a largesse that any presidential candidate would want to tap into. He has raised $1.25 million through June 30, far more than most congressional candidates, and more than double the $608,上海夜生活000 raised by Honda.

    “Some of the attacks were very xenophobic,” said Naren Gupta, a Khanna donor and co-founder of investment firm Nexus Ventures, who said the party should have stepped in. He stopped short of saying the issue would affect his support for other Democratic candidates. He is not expected at the Hasan fundraiser, according to the person familiar with the event.

Gupta is also co-chairman of the Indo-American Community of the West Coast, which is helping organize Modi’s appearance before a capacity crowd of 18,000 at the SAP Center in San Jose on Sunday.

    Other donors, like Facebook millionaire turned venture capitalist Chamath Palihapitiya, think Khanna should have hit back harder.

    “You’ve got to be willing to take the gloves off and fight,” said Palihapitya, who donated $2,600 to Khanna in the last race and said he planned to support him again this time. He hasn’t made up his mind about who he might support in the presidential race, he said.

Through spokesman Hari Sevugan, Khanna took credit for bringing many South Asians and technology workers into the political arena for the first time. Now, many of those recruits feel alienated, the spokesman said. Khanna himself didn’t comment directly on the 2014 race or its fallout, but in an email said Indian Americans feel strongly about social justice, and the Democratic Party “needs to do a better job recognizing that.”    

Egyptian pound appreciates to highest in over two years

CAIRO, March 17 ( ) – The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country.

The currency was trading at 17.34 to the dollar o上海夜生活n Sunday, up more than three percent from 17.86 on Jan. 22 when it began its latest round of strengthening.

“You’re seeing most of the indicators improving,” said Hany Farahat, senior economist at Egyptian investment bank CI Capital. “Tourism, exports, substitution of natural gas imports with domestic production, remittances are at a peak, FDI is improving slightly.”

He also said the higher inflows were due in large part to Egypt scrapping a mechanism that guaranteed foreign currency for investors exiting the government securities market.

“Once the repatriation mechanism was abolished, it meant that every single inflow coming into the country reflects directly on interbank liquidity,” he said. “This, in tandem, should also reflect directly on EGP volatility against the dollar.”

“I think it has come a bit late. If the repatriation mechanism had been removed a year ago, this appreciation would have happened a year ago,” he said.

Since the central bank devalued the currency by about half in 2016, economists say it has closely controlled the value of the pound, which was last this strong in March 2017.

Allen Sandeep, head of research at Naeem Brokerage, said the higher inflows were also due to increased carry trade appetite for Egyptian treasury securities and improving balance of payments.

“We have now restarted LNG exports,” Sandeep said. “On an annual basis, assuming that we export 1 billion cubic feet (bcf) of gas every day, that adds more than $2 billion in exports per year.”

Egypt, which now exports 1.1 bcf of natural gas per day, became a net exporter in late 2018, a significant turnaround for a country that spent about $3 billion on annual LNG imports as recently as 2016.

Wenger hopeful on Ozil deal

Arsenal manager Arsene Wenger has revealed that contract negotiations between midfielder Mesut Ozil and the club are still going but he has been encouraged by the player’s attitude.

The World Cup winner’s contract with Arsenal will expire this summer & despite allowing it to get to the stage where he can now freely negotiate a deal with a club outside of the Premier League, Wenger is hopeful the German see’s his future at the Emirates having witnessed just how focused and committed the player has been.

“We are not close enough to be optimistic, but we are not far enough to be pessimistic,” said Wenger, according to Sky Sports.Moving to Arsenal “a massive change” says Tierney George Patchias – Kiernan Tierney mo上海夜生活ved from Celtic to Arsenal this summer and he says it has been “a massive change.”The move to Arsenal was a protracted…

“He behaves like somebody who is completely focused and ready to commit but after that contract negotiations are what they are.

“We are not close enough to tell you he will do it, I don’t know.”

Ozil is expected to be in the final squad for Germany in this summer’s World Cup tournament in Russia, so it is likely that he will want to sort out his future before then. Keeping him may depend on any new signing Arsenal make in the remaining time left in this January transfer window with Borussia Dortmund’s Pierre-Emerick Aubameyang being heavily linked to the Emirates.

Silva: “We need to show how good we are”

It has been a very difficult season so far for Watford – after their great start to the campaign, their manager, Marco Silva, was linked with a move to Everton and since then, the performances and results of the team have been getting worse and worse…

The Hornets managed to gain just one point from their last six Premier League matches and this situation can be called a huge crisis after their terrific start to the season. To be added, they will miss their suspended captain Troy Deeney in their upcoming home fixture against Leicester City and Marco Silva urged his players to finally show up and prove their worth.

The former Hull C上海夜生活论坛ity coach spoke about this difficult situation as he said, according to Sky Sports: “In the Premier League we have to work really hard to achieve good results like we did at the start of the season. Of course, we now have big problems with some players (injuries and suspensions). We knew this could happen with our team and in this moment we need to find the solutions.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He also added that he can’t blame just his side’s huge absences: “Not only for us. I think for every team, if you miss four, five players from your starting XI, of course, it’s different. We have 25, 26 players and it’s the moment for everyone to play and to show [their] quality as well.”

In the end, Marco Silva admitted that the mood is not entirely great at the moment: “Of course, nobody is happy in this moment. When you win your face is different to when you didn’t achieve a good result. Like you imagine, in this moment our face in the dressing room is not the best but it’s the football. Our obligation as a team is to keep all together. I believe and I hope and I’m sure we’ll continue all together to change the situation.”

Pochettino believes that Kane is the world’s best striker

Mauricio Pochettino, the Tottenham Hotspur coach, admitted that he considers Harry Kane to be the best striker in the world after he managed to score another hattrick to help his side with beating Southampton 5-2.

The Englishman had scored one hattrick in his side’s previous match against Burnley and he repeated it once again today – and thanks to these six goals, he has become the world’s top-scorer in 2017, surpassing Lionel Messi. And his coach, Pochettino, believes that he is currently the best stri上海夜网ker in the world and he proves it in every single match he has played this season so far.

The former Southampton coach spoke about this achievement as he said, according to Sky Sports: “First of all I want to congratulate Harry Kane, a massive achievement for him, well deserved. And we are all so, so, so, so happy because it’s an amazing thing to celebrate. For me, he’s world class. I think today, (number) one striker in the world, specific position, who’s better than him?”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that it is well-deserved for the Englan international: “He deserves everything. It’s been nine years between [Cristiano] Ronaldo and [Lionel] Messi, and now Kane’s name is there. It’s a fantastic achievement and I’m so happy for him. I’d like to congratulate him. Well done. It’s not surprising to us because every day we see how he works, the determination, how professional he is and how he takes care of himself.”

In the end, Mauricio Pochettino insisted that Kane is a great example for anybody: “I’ve told everyone that he is a great example for everybody, not just because of his goals. Professional is a massive word, and you need to include everything there inside – he’s a very good example of how a player behaves like a professional.”

Capello slams Bonucci

The former Rossoneri coach has criticized AC Milan’s skipper after a poor start at San Siro.

Fabio Capello has slammed Leonardo Bonucci, insisting he cannot defend and was simply lucky to play in Juventus’ system that suited him well.

The Italy international completed a rather controversial move during the summer, swapping Serie A champions Juve for the Rossoneri in a €42million deal. However, he has been struggling to find his form since his arrival at AC Milan.

And former Rossoneri boss Capello, who led Milan to four Serie A titles and 1994 Champions League, has offered his assessment of Bonucci’s qualities.Jose Fonte recalls incredible first memory of Cristiano Ronaldo Andrew Smyth – Jose Fonte has given a fascinating insight into Cristiano Ronaldo by recalling the time he first met the star during his Sporting Lisbon days.

“He’s the best Italian defender when he has the ball at his feet. He’s among t上海夜生活网he top three in the world,” Capello told Sky Sport Italia.

“But he can’t defend. He has big problems. It was ideal for him at Juventus, where he was free. It’s perfect for him to play in a three [in defence]. Playing in a four is hard.”

The Italy international has played 16 out of 18 Serie A games for AC Milan this season, with his team sitting 11th in the league table.

Liverpool chief admits uncertainty over Coutinho’s future

The Brazilian was Barcelona’s top priority over the summer and his recent showings on the pitch will certainly make the Catalans want him even more.

Liverpool chief executive Peter Moore insists that he does not know what will happen to Philippe Coutinho and whether the will still be at Anfield after the January transfer window. The 25-year-old was Barcelona’s target during the summer and reportedly submitted a transfer request to force a move through. However, the Reds’ leadership blocked the move and insisted that the ‘Magician’ is not for sale regardless of the money offered to the club.

However, Moore has now revealed that he does not have a ‘crystal ball’ only to further fuel the speculations regarding Coutinho’s future.

“[On Wednesday] I saw a player delighted to score a hat-trick in front of 54,000 fans. It’s all about Philippe on the pitch right now.” he said, according to Goal.

“As far as I’m concerned the squad in January is what we have. I have no crystal ball.”

However, the Reds official highlighted and lauded the job done by the recruitment team, expressing his delight with the signing of Salah, Chamberlain and Keïta.Leicester boss Brendan Rodgers relishing Liverpool return Andrew Smyth – Brendan Rodgers is relishing Leicester City’s trip to his old club Liverpool, whom he described as a “privilege” to work for during his three-year stint.

“From the perspective of competing, we do thing上海夜网s the Liverpool way,” Moore added.

“The chemistry that we build on the field – it’s not about buying the most expensive player.

“We haven’t been shy [in terms of spending]. Obviously, the Mohamed Salah purchase for many people has been the top acquisition of the season.

“We already have Naby Keïta coming and I think Alex Oxlade-Chamberlain is doing a tremendous job.

“The investments are being made. It’s hard to knock what you are seeing on the field right now.

Shearer slams Liverpool’s title chances

Former England and Newcastle striker Alan Shearer believes that the Reds have way too many problems in the back to challenge for the Premier League trophy.

Liverpool have had an indifferent start of the season, recording only three wins in seven games, and currently sitting seven points adrift of table leaders Manchester United and Manchester City. Just like last season, the Merseyside club is struggling in the back, conceiving easy goals almost every single game. Not only are Liverpool sloppy when it comes to defending, but they are also struggling to materialize on the chances they create, which leaves Shearer convinced that Liverpool are not capable of challenging for the title this season.

The former English striker was questioned which team left him underwhelmed this season and Shearer responded: “Liverpool. Going forward, creating chances, they haven’t scored enough goals.” he said, according to Goal.

“And defensively they’ve been as poor as ever. Nothing has changed from last season.

“I was at the game when they played Newcastle. Same old problems defensively, had a lot of the ball in the first half and should have killed the game off.Crouch: Mane & Salah have a healthy competition for goals Andrew Smyth – Peter Crouch reckons Sadio Mane has doubled his value in recent seasons, and boasts a “healthy competition” with Liverpool team-mate Mohamed Salah for goals.

“One great goal from [Philippe] Coutinho but other than they were poor going forwa上海夜生活rd.

“They’ve got no chance of winning the Premier League playing like that.”

Even though the Reds sealed a top four finish last season, their defensive issues remain unsolved and Shearer believes that Klopp could have done more to prevent that from happening.

“I know they got into the top four last season and got Champions League, which was a success. But one of their problems last season was conceding too many goals. And nothing has changed from last season to this season. [Klopp] constantly rotates the goalkeepers, which cant be helpful for the defenders.”

Preview: Sporting – Olympiakos Piraeus

Sporting are still hoping to reach the knockout stages of Champions League. They are currently third in Group D, three points behind Juventus. At th上海夜网e same time, the Portuguese are three points ahead of their opponents today.

Flashscore presents the key facts before the match:

Sporting CP welcome Greek side Olympiakos to the Estádio José Alvalade for this Champions League (CL) Group D round 5 tie. This group looks to be the so called “group of death” as both of these sides were always up against the odds with Barcelona and Juventus being drawn in the same group.

The hosts have a slight glimmer of hope of qualification if Juventus lose at home and they can capitalise with a victory – this would set up a very tight final gameday in which Sporting must win in order to qualify. However, the Europa League looks like a more likely destination, even though we all know that stranger things have happened in football!

The reverse fixture in Piraeus, Greece, turned out to be a very tasty encounter. A 5-goal thriller in which Sporting came away with the win (3-2). That game was not quite as close as the scoreline suggests, as the Portuguese outfit were already 3 goals to the good by the break, with Felipe Pardo managing to score 2 last-gasp goals for Olympiakos in stoppage time.

Reports coming from Greece described that last game as “one of the worst nights in Olympiakos’ history”. They were simply spectators to a strong Portuguese side who scored 3 goals, hit the woodwork 3 times, and missed 5 one on one opportunities – the red and whites will be looking for redemption tonight in a must-win encounter.Koulibaly warns about Genk danger Nedim Maric – The reliable Napoli defender, Kalidou Koulibaly warned his team about Genk’s quality as he’s played for the Belgian side in the past.Napoli opened their…

Sporting are much less prolific on home soil. They have scored 15 goals in their last 11 home games, in contrast to their record of 25 goals in their last 9 away games. Olympiakos have lost 4 of their last 6 away from home, conceding on average 2 goals per game in this time.

Olympiakos are yet to win in the competition thus far (D1, L3), but may take inspiration from their stalemate vs the mighty Barcelona. They now must come up with 2 massive performances to retain any hope of European glory this term.

In the prematch presser, Olympiakos coach Takis Lemonis spoke of the team’s determination to qualify for the Europa League and their approach to this game: “Victory is imperative for us, but it’s not imperative to field a hoard of strikers.”

Missing players

Sporting: S. Coates (suspension), S. Doumbia (injury), J. Silva (knee injury)

Olympiakos Piraeus: E. Emenike (injury), E. Ben (doubtful), H. Milic (doubtful).

Benitez: “The difference was evident”

Following his Newcastle City’s 4-1 loss to Manchester United away from home, Rafael Benitez admitted that the gap between these two teams is simply too big – also because of the money spent on the signings.

Newcastle fell at Old Trafford despite taking the lead through Dwight Gayle and impressing early on, with goals from Anthony Martial, Paul Pogba, Chris Smalling and Romelu Lukaku continuing the hosts’ fine home form, according to Sky Sports. Benitez previously claimed that he was not happy with his side’s summer spendings and he admitted that the difference was not hard to be seen.

The former coach of Real Madrid or Chelsea spoke about this difference as he said: “For sure. This time, you see the difference between money spent. It’s not something we didn’t know, we knew it would make a massive difference between both teams. But I am really pleased with what I saw in the first 30 minutes.”Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

He added that the turnover of the match the equalizer from Martial: “I think it’s a quite simple analysis, a really good first half for 30 minutes, everything was right, we were working hard, we had a clear idea what to do, we did well. And then we conceded a goal, then the second goal made a difference in terms of the mentality. We had the chance of [Isaac] Hayden, later on, but we couldn’t score.”

Rafael Benit上海夜生活ez, in the end, claimed that he is proud of his players for the overall performance and the effort: “The second half was more difficult because of the belief that we had in the first half, to keep this belief until the end, it depended on the goal. And then when we conceded the third goal it was a different game. But I am really pleased and really proud of my players in their first 30 minutes. And after when you pay big money for players, they can make the difference, so you make mistakes, you pay for that because you play against top-class players.”

Conte uncertain of Luiz’s future at the club

The defender missed Sunday’s game against Manchester United as he was not even featured in the group for the game.

Chelsea manager Antonio Conte said he did not know if David Luiz has a future at the club after the Brazilian was left out for the Premier League showdown against the Red Devils.

Luiz was replaced by Andreas Christensen for the game against Mourinho’s men, with the full-back not even making it into the bench as 17-year-old Ethan Ampadu was chosen over him.

Despite the absence of David Luiz, Chelsea went on to take the three points thanks to Morata’s header in the 64th minute.Jamie Carragher puts Chelsea over Manchester United and Arsenal Nedim Maric – In an uneventful上海夜生活论坛 derby, last night, Manchester United and Arsenal both got point each.Top four-fight this season looks like it’s going to be between…

Speaking after the game Conte ruled out that there is a problem with Luiz, stating it was only his form that made him leave the Brazilian out of the squad. However, he also added that he has no idea if Luiz has future at the club even though he started during the week in the Blues’ 3-0 loss to AS Roma in the Champions League.

“Luiz’s future? I don’t know. He has to work really hard otherwise he will be on the bench or in the stand,” the manager explained to the BBC after the game. The Italian also added that this could happen to each and every one of his players, should they be out of shape.

Yet, speaking before the game to Sky Sports, Conte stated that the decision was entirely from a tactical point of view: “It is a tactical decision. There is Andreas Christensen in good form and we have Ethan Ampadu who is a good, young player at the club.

“We are conceding many goals so you have to find stability and solidity. We have to be patient with the team and defend in the right way.”

Son fires Spurs to an important victory over Palace

Pochettino’s men struggled against the last team in the Premier League, but still clinched the three points.

Tottenham Hotspur won against Crystal Palace at Wembley Stadium, but their performance certainly was not their strongest of the season. The heroes for Spurs were Son, who scored in the 64th minute, and their third-choice goalkeeper Gazzaniga, who made a number of vital saves to help his team come out as a winner.

Mauricio Pochettino made five changes to his squad that started against Real Madrid during the week. Gazzaniga started his first game in the Premier League for the first time in 687 days. The other four new faces were Aurier, Rose, Son and Sissoko.

Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

Tottenham Hotspur were the team that dominated the ball and controlled the game for the greater part of the first half, but they never created a clear chance in front of the goal. The best opportunity was for Dany Rose in the 31st minute when he was left uncovered at the back post, but his shot did not find its target.

Crystal Palace, however,  had the best chance during the first half. In the 36th minute Gazzaniga was forced to produce a brilliant save to prevent his team from conceding a goal after上海夜生活 a header from Dann that was going straight into the bottom corner.

Spurs goalkeeper was tested on a few more occasions by Townsend and Milivojević, but his saves were on point and denied Palace from opening the score.

In the 64th minute Tottenham took the lead through Son Heung-Min who precisely placed the ball into the left corner and wrapped up the final 1:0 in favour of Pochettino’s men.

The goal Son scored on Sunday put him as the the highest scoring Asian in the history of Premier League with 20 goals.

Bolasie wants to make an impact

He was injured for the past 11 months but now, he is back and determined to help Everton with achieving far better results – Yannick Bolasie said that he wants to ‘come back feeling refreshed and hungry’.

The DR Congo i上海夜网nternational still isn’t 100% fit but he is close to making his return – he suffered the injury which has kept him out for the last 11 months in the Toffees 1-1 draw against Manchester United on December 4, 2016, but the player recently shared a video of himself doing ball tricks on social media, according to Goal.

The Everton winger spoke about his injury for the club website as he said: “I tend to distance myself [when I’m injured] but now that I am getting there, I am starting to watch and go to games again and I feel like I am close, and that is the main thing. It’s been almost a year but I don’t think of it like that because in that year I have been given the chance to develop myself and develop things I would have taken for granted before.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

He also talked about his feelings: “That has taken up my time and the whole package has come together, so I’m buzzing, really, and happy with where I am at. I want to come back feeling refreshed and hungry. We have quite a few new players, it’s happened to teams in the past, but the boys are working hard to make it right.”

Bolasie is aware of the current situation of his club as he claimed: “With everything that is going on, hopefully, I can come in and give a boost to the team and I am confident that they will be confident when I come in. If the team is confident, then that helps you even more, and that makes it better for me to come back and slot in that little bit easier.”

Valverde defends Piqu\u00e9’s handball

The Catalan boss believes the defender’s handball was simply instinctive.

Barcelona head coach Ernesto Valverde was adamant that Gerard Piqué acted unconsciously when he reached for the ball with his hand. The full-back was sent off as a result of the handball since he already had a yellow card, but Valverde is certain that the Spaniard’s actions were uninten上海夜生活网tional.

Speaking after the game, as quoted by Football Espana, Valverde stated: “When I watch games on TV, they seem placid, but it’s not the case,”

“We knew they’d get stronger once we went down to 10 men. That’s why we needed to find a second goal, so things would become easier.

“They came to defend and find a goal on the counterattack. With our opponents playing so deep, it was tough to find rhythm. Why take risks if they played deep and we had 10 men?Victor Lindelof’s agent confirms Barcelona interest Andrew Smyth – Victor Lindelof’s agent confirmed that Manchester United blocked a move to Barcelona for his client during the summer transfer window.

“Opponents disappointing? Olympiacos aren’t top [of their League] and came with the idea of surprising us in order to gain mental strength.

“They played a game that suited them, but we came away with very clear ideas.

“Piqué? I haven’t seen the replays, but I’d imagine it was all instinct, with the goal so close to him.”

Barcelona did not stop their perfect run in the Champions League as they now have three wins in three games, leading undisputedly their group in Europe.

Dolberg not getting ahead of himself

The Danish wonder kid has ruled out a big move at this stage of his career, saying he s上海夜生活网till needs to grow.Written by Cosmin Mihalescu. May 3, 2017.

Kasper Dolberg has recently attracted interest from the biggest teams in Europe and more so from a group of Premier League clubs. But the young Ajax striker is not thinking that much ahead. He prefers to focus on his development and feels that Ajax is the perfect club to grow.

Dolberg’s plans for the season were to grow as much as possible while playing for the second team of Ajax. But the transfer of Milik to Napoli has opened the door to a huge opportunity for the young striker: “My goal [this season] was to play for Ajax’s reserve team, become their best player and maybe get a few matches in the first team. But then Arek Milik went to Napoli and I got the chance.”

And the 19-year-old did not disappoint. He managed to score at his debut, in a match against Greek side PAOK in the Champions League qualifiers: “Then in the first game of the season I played and scored against PAOK in a Champions League qualifier. From that point, I was motivated. The coach gave me confidence to play in the way I’ve always done.”Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Dolberg continued his impressive rise and in November last year managed to score a hat-trick against NEC. He has then become the youngest foreign player to score a hat-trick in Eredivisie. Since then, he has added to his goal scoring record and he now has 14 league goals in the current season.

With interest from clubs like Liverpool, Everton, Manchester City and Manchester United, the wonder kid addressed the rumours of a potential transfer: “It’s too big a step to go to City or United now. It’s important to keep on playing, as I don’t know what could happen in the future.”

When asked about his preferences, the young Dane was evasive, trying to avoid closing any doors for the future: “I haven’t got a dream league. When I was young it was Barcelona [that was my favourite team], but once I got older I didn’t have one. In England, I followed Arsenal because of Thierry Henry, but it wasn’t like Arsenal was my favourite.”

Dolberg arrived at Ajax in the summer of 2016 from the Danish Superliga side Silkeborg. The scout who spotted him has previously brought Christian Eriksen and Zlatan Ibrahimovic to the Dutch capital.

Dybala only wants Barca legends jersey

Paulo Dybala has winked at the former Barcelona player Ronaldinho Gaucho, as he stated that he wanted the Brazilians jersey but has not been able to get it

Written by Christian Møller Poulsen. May 2, 2017

Paulo Dybala was recently one of the key figures for Juventus knocking FC Barcelona out of the Champions League, and the Argentinian recently renewed his contract with the Italian side, but is still being linked with FC Barcelona and Real Madrid. However, now the Argentina has revealed that Ronaldinho was one of his greatest idols when he was little and hails the South Americans way of looking at football.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Dybala told UEFA the following: “The one player’s shirt that I would still love to h上海夜生活论坛ave is Ronaldinho’s. One day Gennaro Gattuso promised me that he was going to call him to ask him for a shirt for me, because he’d played with him, but it didn’t happen.”

“Ronaldinho was one of my favourite players when I was growing up and the image he conveyed to me was that you’ve got to have fun and play with a smile on your face.”

“European coaches and players sometimes don’t look at football the way we South Americans do. We enjoy the game, laugh a lot, dance and so on. I always seek to have fun and enjoy what I do out on the pitch. That’s just my mindset.”

Exclusive: Google’s jobs search draws antitrust complaints from rivals

BRUSSELS/SAN FRANCISCO ( ) – Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits.

In a letter to be sent to European Union competition commissioner Margrethe Vestager on Tuesday and seen by , 23 job search websites in Europe called on her to temporarily order Google to stop playing unfairly while she investigates.

Similar to worldwide leader Indeed and other search services familiar to job seekers, Google’s tool links to postings aggregated from many employers. It lets candidates filter, save and get alerts about openings, though they must go elsewhere to apply.

Alphabet Inc’s Google places a large widget for the 2-year-old tool at the top of results for searches such as “call center jobs” in most of the world.

Some rivals allege that positioning is illegal because Google is using its dominance to attract users to its specialized search offering without the traditional marketing investments they have to make.

Other job technology firms say Google has restored industry innovation and competition.

The tensions expose a new front in the battle between Google and online publishers reliant on search traffic, just as EU and U.S. antitrust regulators heed calls to scrutinize tech giants including Google. Google so far over the last decade has withstood similar accusations from companies in local business and travel search.

Vestager, who has been examining job search on Google, leaves office Oct. 31. But a person familiar with the review told that Vestager is preparing an “intensive” handover so that her successor does not drop it. Her office declined to comment on the handoff.

Lack of action could spur Tuesday’s signatories, which include British site Best Jobs Online to German peers Intermedia and Jobindex, to follow with formal complaints against Google to Vestager, a person familiar with the matter said.

Berlin-based StepStone GmbH, which operates 30 job websites globally, and another German search service already have taken that step, another person said.

The Federal Trade Commission and Department of Justice, which are examining online competition in the United States, declined to comment on whether they are probing Google’s jobs search.

Industry executives universally expect that Google will sell ads in the jobs tool, as is typical for its services, enabling the world’s biggest seller of online ads to claw billions of dollars in revenue from rivals.

Google long has been frustrated by other search engines filling its results, because they both add a step in users’ quest for quick information and pose a threat to its ads empire.

Nick Zakrasek, senior product manager for Google search, said that the company welcomed the industry feedback on jobs search. Google said its offering addresses previous antitrust complaints by allowing rival search services to participate and includes a feature in Europe designed to give rivals prominence.

“Any provider – from individual employers to job listing platforms – can utilize this feature in search, and many of them have seen a significant increase in the number of job applications they receive,” Zakrasek said in a statement. “By improving the search experience for jobs, we’re able to deliver more traffic to sites across the web and support a healthy job search ecosystem.”

DIVISIVE TOOL

Google includes jobs only from websites that follow its guidelines, which require postings to be structured such that its computers can easily interpret them. Many leading players have conformed.

For instance, Weston, Massachusetts-based Monster Worldwide Inc has implored customers through training materials to list salary ranges and jobsite addresses on postings in hopes that following Google’s guidelines for such items will generate more clicks.

Monster had lost users in recent years because poor website formatting left it with low placement in regular Google results, its Chief Executive Scott Gutz said. The new tool gave Monster a path back to the top.

“There’s been a leveling of the playing field,” Gutz said.

Google’s widget drew 120 million user clicks in June in the United States alone, about double from August 2017, according to research firm Jumpshot, which receives browsing data from antivirus ap上海夜生活网ps.

Holmdel, New Jersey-based iCIMS Inc, which operates job websites for about 4,000 employers, said Google’s tool is the third largest referrer of visitors to clients’ pages and applicants from it are three times more likely to be hired than those from rival tools, it said.

“What we’re already seeing with Google’s entrance is better matching candidates to jobs,” said Susan Vitale, chief marketing officer for iCIMS.

Frustrated are competitors such as Zippia, a San Mateo, California jobs search startup specializing in career path data. CEO Henry Shao said Google’s jobs tool “pushes down” Zippia content in search results, making it more difficult to attract users unless it invests in following Google’s guidelines.

Zippia lacks the resources to pursue formal complaints, but would aid investigators that call, Shao said.

Larger detractors include StepStone, a unit of media company and long-time Google critic Axel Springer which eschewed Google’s guidelines on most of its jobs websites. Among concerns is that participants are handing over data that could help Google bypass them entirely.

The 23 firms pressing Vestager echoed that worry and said that Google including generic links to competing services high on its European jobs widget was not enough to ensure “equal treatment.”

Austin, Texas-based Indeed, which has not formatted its website to participate in Google’s tool, declined to comment.

Indeed’s traffic from Google has dipped 5% since 2016, according to Jumpshot. It compensated by boosting advertising and pushing new paid offerings, affecting earnings growth, former employees said.

Owner Recruit Holdings Co Ltd forecasts that sales from its Indeed-dominated segment will grow 35% in the year ending March 31, 2020, compared to 50% the year earlier, while adjusted profit margin will be flat.

Eric Liaw, a general partner invested in workplace tech startups at Silicon Valley’s Institutional Venture Partners, said Google has “to be careful about how much air they suck out of the room given the scrutiny they are under.”