Race Across America Travels Through Area

first_imgBikers are in 8 member teams. This team traveled on St. Mary’s Road Wednesday afternoon.The annual Race Across America is making its way through Southeastern Indiana.Teams of bicyclists from around the world participate in the cross country trek that begins in Oceanside, California and finishes in Annapolis, Maryland.Area drivers may want to watch out for the riders as they cycle 24 hours a day and travel through Greensburg, Batesville and even St. Mary’s Road in Franklin County.This year, the event features English royalty as Pippa and James Middleton, the siblings of Kate, who is married to Prince William, are participating in the nationwide bike ride.The pair were in Missouri yesterday and could likely be pedaling through Southeastern Indiana Thursday or Friday.American BMX athlete Dave Mirra is also taking part in the event.last_img read more

Mourinho optimistic about Costa

first_img Mourinho told Spanish newspaper Marca: “Costa is a player who I want to have in my team. I’ve asked my club for him and I have total confidence that we’re going to achieve it and he will end up signing for Chelsea.” Chelsea have already started their summer rebuilding after failing to win a trophy last season, with the club this week announ cing the signing of Cesc Fabregas from Barcelona as well as completing the sale of David Luiz to Paris St Germain. Several other first-team players are also set to leave the west London outfit this summer, but Mourinho insists midfielder Ramires will not be one of them. Reports in Spain suggest Real Madrid’s former Chelsea boss Carlo Ancelotti is keen on taking the Brazil international – who the Italian signed from Benfica in 2010 when he was in charge at Stamford Bridge – to the Bernabeu this summer. However, Mourinho is adamant the 27-year-old is not going anywhere, saying: “Ramires is staying at Chelsea, he’s not for sale. “I have a great relationship with important people at Real Madrid and they know that Ramires is going to stay at Chelsea.” The Portuguese, who left Madrid last summer to return to Chelsea, also rubbished speculation he was looking to raid the European champions for any of their players. Mourinho added: “They (Real Madrid) know that Ramires isn’t going, but they also know that I’m not interested in any Real Madrid player. (Raphael) Varane and (Sami) Khedira? I repeat that I’m not interested in any Madrid player, full stop.” Chelsea manager Jose Mourinho has confirmed he has his sights set on Diego Costa and is confident that a deal will be struck to bring the Atletico Madrid striker to Stamford Bridge. Chelsea have long been linked with a big-money move for the 25-year-old, who netted 36 goals in all competitions last season to help Atletico win the Primera Division title and reach the Champions League final. No switch was confirmed before the World Cup, where Brazillian-born Costa is part of the Spain squad, but Mourinho is certain Chelsea will end up getting their man. Mourinho also confirmed to the paper that Belgium goalkeeper Thibaut Courtois would be returning to Chelsea after the World Cup having spent the last three seasons on loan at Atletico. Fabregas revealed on Sunday that he chose to join Chelsea after being told by Arsenal manager Arsene Wenger th at the Gunners had sufficient cover for his position. A clause in Fabregas’ contract gave Arsenal first option to re-sign their former captain from Barca, but Wenger decided against bringing the 27-year-old back to the Emirates. The reason for that, according to Fabregas, is that Wenger felt the Gunners were well stocked for midfield playmakers, with Arsenal having splashed out a club-record fee on Germany star Mesut Ozil last summer. After speaking with Wenger, Fabregas said he mulled over several other offers before being swayed by Mourinho to move to Stamford Bridge for a fee believed to be in the region of £30million. Speaking about his move at a Spain World Cup press conference in Curitiba, Fabregas said: “There came a moment when I decided my time at Barcelona was over and I only tried to look for the best option for me. “Arsenal were the first option due to a clause in the contract. We spoke with Wenger and he said that with Ozil they had this position well covered. “From there, I had other very good offers and I looked for the best in the Premier League, which is where I wanted to go. “I spoke with Jose Mourinho and he won me over, he convinced me, told me what I wanted to hear and from there everything was very quick. “I hope that this new phase of my career goes phenomenally well.” Press Associationlast_img read more

Update on the latest in sports:

first_imgUnder the terms of Dameris’ plea agreement, federal prosecutors will recommend a sentence of time served plus 21 months of home confinement, a fine of $95,000 and restitution. Sentencing has been set for Oct. 5.NFL-TRAINING CAMPSNFL tells teams they must hold training camps at homeUNDATED (AP) — All 32 NFL teams have been told by Commissioner Roger Goodell to hold training camps at their home facilities this summer because of the COVID-19 pandemic.Most NFL teams stay at their training complexes year-round, but Dallas, Pittsburgh, Kansas City and Buffalo are among those that stage training camp elsewhere. Navy athletic director Chet Gladchuk says decision to forego the overseas trip is to ensure the health and safety of the players, coaches and fans.RUTGERS-SOFTBALL ABUSE REPORTReport: Rutgers softball needs change, but not disciplineNEW BRUNSWICK, N.J. (AP) — A law firm released a report Tuesday on allegations of physical and emotional abuse in Rutgers University’s softball program that described inappropriate behavior by coaches and a lack of communication on the part of administrators but stopped short of recommending discipline.The release of the report, which had been requested by Rutgers after an investigation by NJ Advance Media, ended a seven-month probe by the Lowenstein Sandler law firm of allegations by players that coach Kristen Butler and volunteer assistant coach Marcus Smith, her husband, fostered a climate of fear, intimidation and abuse after they took over in the 2019 season. The report said 10 of 22 players left the program after the 2019 season. TENNIS-BLAKE-FLOYD PROTESTSFormer tennis star says he’s saddened by police tacticsUNDATED (AP) — In the wake of George Floyd’s death in Minneapolis, former tennis star James Blake says it’s sad to see the type of policing that is still going on in America.Blake, who is black, was mistakenly identified as a suspect in a credit card fraud scheme in 2015, when an undercover New York City officer threw him to the sidewalk and handcuffed him. The experience intensified Blake’s reaction to video of Floyd’s death shortly after being detained by Minneapolis police last week.Blake said the scars from his own experience probably can’t be erased. COLLEGE FOOTBALL-NOTRE DAME-NAVY MOVEDCollege football opener won’t be played in IrelandANNAPOLIS, Md. (AP) — The college football season opener between Notre Dame and Navy has been moved out of Ireland because of the coronavirus pandemic.The Fighting Irish and Midshipmen were scheduled to meet in Dublin on Aug. 29, but instead will seek to play at the Naval Academy during the Labor Day weekend.The decision to move the venue came after discussions between the Irish government, medical authorities and the leadership teams at Navy and Notre Dame. The Cowboys and Steelers are scheduled for the Hall of Fame game in Canton, Ohio, on Aug. 6 and will be the first two teams to report in late July. Dallas usually trains in Oxnard, California, and Pittsburgh in nearby Latrobe, Pennsylvania.Soon, the NFL is hopeful of having club complexes fully open, but under strict medical guidelines including social distancing protocols.In other virus-related sports developments:— Japan’s most famous baseball team has called off a preseason game amid reports that at least one Yomiuri Giants player may have tested positive for the new coronavirus. Japan hopes to open its delayed baseball season on June 19. But this news puts the 12-team league in jeopardy of being able to start.— Two people familiar with the situation say the WNBA has decided to hold its games at just one location if there is a season this year and that the MGM Resorts in Las Vegas and the IMG Academy in Florida are the top candidates. There is still no date when the WNBA’s 2020 season will tip off. The people spoke to The Associated Press on condition of anonymity because the possible locations haven’t been publicly announced. WNBA Commissioner Cathy Engelbert told the AP last month that the league was considering a handful of scenarios, including playing at one or two sites.  Bowling Green has said previously it costs $750,000 per year to run the baseball program.COLLEGE ADMISSIONS-BRIBERYFormer exec pleads guilty to bribing son’s way into collegeBOSTON (AP) — A former technology executive pleaded guilty Tuesday to paying $300,000 to bribe his son’s way into Georgetown University as a tennis recruit — even though the son didn’t play tennis.The U.S. Attorney’s office in Boston said Peter Dameris, a resident of Pacific Palisades, California, pleaded guilty to one count of conspiracy to commit mail fraud and honest services mail fraud. BOWLING GREEN-BASEBALL SAVEDSafe: Bowling Green baseball saved by donors after being cutCLEVELAND (AP) — Thrown out, Bowling Green baseball is now safe.The school said Tuesday it is immediately reinstating its baseball program, which had been dropped last month due to financial hardships caused by the COVID-19 pandemic. Bowling Green was facing a $2 million athletic budget shortfall due to the coronavirus outbreak, and baseball was cut in hopes of saving other sports from a similar fate.However, soon after the school’s announcement, a fundraising effort led by former BGSU players and donors brought in enough money to save a program that produced former Dodgers and Indians All-Star pitcher Orel Hershiser. June 3, 2020 — Formula One CEO Chase Carey says races won’t be canceled if a driver tests positive for the coronavirus or if a team withdraws. F1 wants to avoid a repeat of the season opener in Australia in March. That event was canceled when McLaren withdrew after a staff member tested positive for the virus. The season is now set to start with two races in Austria on July 5 and 12. F1 teams have a tough time returning to competition because of the regular international travel involved.— South Carolina men’s basketball coach Frank Martin says he has recovered from a case of COVID-19. Martin said he tested positive last month. He detailed his experience with the virus for the first time Tuesday.— North Carolina State athletic director Boo Corrigan says the school has begun a schedule allowing student-athletes to return in phases to campus, with the first wave of football players permitted to return to student housing by June 20.— Pac-12 schools have agreed to perform COVID-19 and coronavirus antibody tests on all athletes upon their return to campuses for voluntary workouts. Commissioner Larry Scott says athletes will continue to be tested regularly for COVID-19 as long as they are under the supervision of the schools. The Pac-12 schools are scheduled to begin allowing athletes back into their facilities for voluntary workouts starting June 15.NFL-SEAHAWKS -PARKINSON The laws of the game prohibit “any political, religious or personal slogans, statements or images.” But the English FA has given the green light for players using games to protest against social and racial inequality.The Premier League is due to resume on June 17.CLEMSON-RACIAL SLURClemson assistant Pearman apologizes for using racial slurCLEMSON, S.C. (AP) — Clemson assistant coach Danny Pearman said he made a “grave mistake” when he repeated a racial slur to ex-Tigers tight end D.J. Greenlee at practice three years ago.center_img AMERICA PROTESTS-BRONCOSBroncos stop football to talk about race relations, FloydUNDATED (AP) — Instead of X’s and O’s, the Denver Broncos spent Tuesday talking about racial injustice, police brutality and healing a nation rocked by demonstrations over George Floyd’s death in Minneapolis on top of the coronavirus outbreak and its economic devastation.Team president Joe Ellis addressed the offense and defense in separate Zoom calls that replaced the team’s regular video conference sessions, which are a substitute for in-person training during the pandemic.Coach Vic Fangio and general manager John Elway also participated in the calls in which Ellis emphasized society’s need to eradicate racism and told the players that the organization shares in the outrage over Floyd’s death at the hands of police. After the Zoom calls, the Broncos tweeted, “We will stand by our players. We will lift up their voices. We can do more. We will do more.”ENGLAND-FLOYD PROTESTSPremier League players can show support for protestersUNDATED (AP) — English Premier League players are able to show solidarity with the George Floyd justice campaign during games without facing sanctions.The Football Association has endorsed FIFA’s new stance that common sense would be applied when assessing the context of on-field messages on players’ equipment. The incident came to light Tuesday when former player Kanyon Tuttle posted about it on social media. Tuttle was responding to the school’s post of Clemson head coach Dabo Swinney’s comments Monday about the death of George Floyd in Minneapolis last week.Tuttle’s post said, “You allowed a coach to call a player the N-word during practice with no repercussions. Not even a team apology.” Pearman is white, and Greenlee is black.Pearman said while he did not direct the slur at Greenlee, it was wrong for him to repeat it.Greenlee told The State of Columbia, South Carolina, that he and a teammate were having an argument and used the slur during the exchange. He said Pearman heard him used it back in an attempt to correct him.Pearman said Greenlee “appropriately” brought the matter to Swinney. Swinney and Pearman had a meeting, and the head coach told the assistant his language was “unacceptable.” Share This StoryFacebookTwitteremailPrintLinkedinRedditOBIT-WES UNSELDWes Unseld, NBA Rookie of Year and MVP in 1969, dies at 74WASHINGTON (AP) — By current NBA standards, Hall of Famer Wes Unseld was not a “big.” But the 6-7 Unseld is being remembered for his dominance as a center for the Washington Bullets and for his contributions to the community. Associated Press Update on the latest in sports: Unseld led his squad to NBA championship in 1978 and earned MVP honors. Unseld is one of two players in NBA history to win Rookie of the Year and MVP awards in the same season. He was a five-time All-Star who played all 13 of his NBA seasons with the franchise that drafted him in 1968 out of the University of Louisville.He and his wife Connie opened a school in Baltimore, where the Bullets, now the Wizards, originated. His family says he died Tuesday after “lengthy health battles, most recently with pneumonia.” Wes Unseld was 74.HALL OF FAME-BRYANT INDUCTIONHoops Hall mulls date for Bryant, Class of 2020 inductionThe Naismith Memorial Basketball Hall of Fame is considering new dates for the induction of its star-studded Class of 2020. Hall president John Doleva says dates to replace the postponed August ceremony include mid-October and next spring. With Kobe Bryant due to be enshrined posthumously, it’s certain to be a big event. Kevin Garnett and Tim Duncan also are members of the induction class. So is college coach Eddie Sutton, who died last month. The Hall in Springfield, Massachusetts, is also getting ready to unveil its completely renovated museum. Seahawks sign fourth-round pick TE Colby ParkinsonRENTON, Wash. (AP) — The Seattle Seahawks have signed tight end Colby Parkinson, the first of the team’s 2020 draft picks to sign.Parkinson’s signing was listed on the official NFL transactions on Tuesday. Seattle made eight picks in the April draft. Parkinson was taken with the first of Seattle’s two fourth-round selections.At 6-foot-7, Parkinson is another tall target for quarterback Russell Wilson, especially in red-zone situations. Parkinson had 48 receptions and just one drop in his final season at Stanford. He had just one touchdown last season but had seven TD catches in 2018.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Shami; Jadeja destroy South Africa

first_img(ESPNCRICINFO) – INDIA shot through South Africa on the final day, taking seven wickets in the first session before going on to win by 203 runs, their third consecutive Test win by a margin of greater than 200 runs.Mohammed Shami was central to the collapse, accounting for Temba Bavuma, Faf du Plessis and Quinton de Kock – Nos. 4, 5 and 6 – to open up the lower order, who were softened by Ravindra Jadeja before Shami returned to take the last two wickets.A 91-run stand between Senuran Muthusamy and Dane Piedt kept India out longer than they would have expected when they reduced South Africa to 70 for 8, but the pair’s efforts were not enough to undo the damage caused by the top-order collapse.South Africa began the day with a potential 98 overs to play out, through which they’d have to score at nearly four an over if they harboured thoughts of a win.In the spirit of positivity that helped them put up 431 in the first innings, they got seven off the first over the day, with Theunis de Bruyn picking up a boundary against Shami.In the next over, that approach – and a similar waft outside off to his first-innings dismissal – turned a relatively innocuous R Ashwin delivery into a wicket-taking one.It stayed low and this time the inside edge went onto the stumps. It was Ashwin’s 350th Test wicket, and came shortly after Aiden Markram had been put down by the wicketkeeper.The third wicket also came from a ball that stayed low, off the very next over, Shami sneaking a length ball under Bavuma’s defences and having him tumbling on the floor.Markram delighted with stylish boundaries through the off side and straight down the ground, and captain du Plessis looked comfortable once again.That was until he shouldered arms to an incoming delivery from Shami. To be fair to du Plessis, the ball had started well outside off stump. But Shami got the ball to dip back a long way and, with marginal help from a crack in the pitch, hit the top off of an exposed off stump.India barely had to break a sweat or rely on cunning strategy for the next few wickets.Shami got another one to come back in, this time to Quinton de Kock, who was rooted to the crease as he looked to push through the off side on angle.With only the allrounders and lower order to come, at 60 for 5, Markram let loose, using his feet nicely and looking deliberately more compact in defence, having been bowled through the gate in the first innings.His preferred route was to loft the spinners, and that brought him two boundaries and a six over long-on. He was left open-mouthed soon enough, however, trying to drive Jadeja over his head only for the bowler to stick his left-hand up and time his jump to perfection to hold on to it.By the end of that over, Jadeja spun the ball past two batsmen’s leading edge, trapped them lbw in front of middle, nearly took a hat-trick and left the visitors on 70 for 8.last_img read more

Super Falcons’ Delegation Lands in Banjul

first_imgGambia’s senior girls edged Burkina Faso in the earlier round, with the Super Falcons (eight-time champions) drawing bye, and the reward for the Gambians is a two-legged affair with the reigning champions that will determine which of the two teams will be at the final tournament in Ghana later in the year.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The delegation of Senior Women National Team of Nigeria, Super Falcons, has arrived in Banjul, capital of The Gambia, on Monday, ahead of Wednesday’s 2018 Women Africa Cup of Nations qualifier against Gambia’s Senior Women Team.An Air Peace airline flight conveying the team from Lagos landed in Banjul at just after 11am Gambia time (12 noon Nigeria time). The contingent, led by the Chairman of NFF Women’s Football Committee, Hon. Ayo Omidiran, has since settled down at the Metzy Residence Hotel and the team had a first training at the FIFA Goal Project in Banjul on Monday evening.Wednesday’s match will take place at the Independence Stadium in Bakau.last_img read more

Uzoho’s Club Status Worries Rohr

first_imgFrancis Uzoho The Franco-German tactician, who was part of Wednesday’s Nigeria Professional Football League crowd at the Agege Stadium in Lagos said he is worried the status of the goalkeeper with Spanish Segunda Division club, Elche, where he has lost out in the pecking order.Uzoho, whose choice as number one to the Mundial beats the imagination of most pundits, is being used sparingly by the Spanish second tier club and his matter reached the limit lately as the club engaged another top goalkeeper in the ongoing transfer window. A development, Rohr admitted he is not comfortable with.Although he admitted that he still has him in his plans, he could not confirm the number one status considering the array of other ‘fringe’ keepers in the pool since the exit of Carl Ikeme from football two years ago.“This development calls for concern and I feel for him but the interest of the team is more important than any personal interest or ambition. Elche just signed another goalkeeper meaning that the new signing will compete for second choice position with him.“I will like to see him as number one goalkeeper and not a substitute in a Spanish second league. I know that the level is high in Spain,” he noted.The newly wedded goalkeeper conceded four goals altogether at the World Cup without any meaningful saves in the three matches that could have convinced cynics to change their mind towards him.Unfortunately when he returned to Spain in the ongoing season, he conceded many goals before he was relegated to second choice keeper for the lower cadre side in the league.“We also have other players in Spain doing very well because I do monitor them to see how they are doing, their progress and fitness. I am positive about their ability when they return to the national team.“Samuel Chukwueze and Kenneth Omeruo are leading lights in LaLiga. I have watched them closely and happy that they command respectable time on the field.“When I first invited Chukwueze to the team, many were surprised with my action, but then, I knew his level, that he has lots of quality and he is already showing that.“Same thing with Omeruo when he played the last game for us in South Africa, he is a good central defender and I am happy he is being recognised in his club.“We also have Moses Simon who did very well in the game against Barcelona FC in their last game. We also have him in our plans too,” he concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram AFCON 2019Femi SolajaThere are strong indications that Super Eagles goalkeeper to the last World Cup in Russia, Francis Uzoho is on the verge of losing his number one status for the team, if going by the body language of the Head Coach of the team, Gernot Rohr.last_img read more

Athletics staff involved in bribery scandal

first_imgMen’s and women’s water polo head coach Jovan Vavic was indicted March 12 for his alleged role in the bribery scandal. (Josh Dunst/Daily Trojan) Along with cooperating with the government’s investigation, the University said it will be implementing new procedures to ensure that such a scam does not occur again. In the athletics department multiple administrators will be in charge of athlete admission information going forward. Vavic had worked with the women’s water polo program since it was established in 1995. The men’s and women’s teams won a combined 16 national championships under his leadership. “When there’s trust that this one person is doing the right thing, which [Heinel] had been doing for years, there’s not a problem,” Swann told the Times. “We will work with the administration, admissions, sports administrators, recruiters and scouts so there are more eyeballs on this.” “I think everybody was blindsided by this,” Swann told the Los Angeles Times Friday. “[Heinel and Vavic] are people that have been here a long time, and people who had been here during difficult times and had seen bad things done and knew better.” Swann declined to comment on the admissions scheme. Interim women’s water polo coach Casey Moon also did not comment on the investigation.center_img Athletic Director Lynn Swann, who denies having had any knowledge of the alleged illegal activity taking place within the department, has insisted he will not be stepping down from his job. Some have called for Swann’s resignation and firing for allegedly allowing such bribery and high-scale corruption to take place under his watch. Heinel was the sole person in charge of submitting athletes’ academic records to USC’s Office of Admissions and subsequently returning admission information to coaches. Because her power went unchecked, Heinel could add the names of fake athletes to a list given to her by a particular coach, and remove that name before returning correspondence to the coach after it was sent to admissions the FBI investigation alleged. Swann said that the alleged illicit behavior in his department went unnoticed due to faults in the system athletics officials used to correspond with the admissions office. Following last Tuesday’s exposure of an alleged college admissions bribery scheme in which parents allegedly paid to have their children falsely admitted as student athletes at USC and other universities, the University has terminated senior associate athletic director Donna Heinel and water polo head coach Jovan Vavic. Both Heinel and Vavic worked for USC Athletics for over a decade.last_img read more

Midnite raises $2.4m to move esports ‘beyond the tab’

first_img Related Articles Submit Share StumbleUpon ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 Share Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020 London-based esports start-up Midnite (midnite.com) has raised $2.4 million in venture funding to help accelerate the development of its wagering capacities.The funding round was led by Makers Fund, a VC firm specialising in interactive gaming and entertainment investments.Founded by the enterprise team of Nick Wright (CEO) and Daniel Qu, Midnite’s seeks to advance esports wagering beyond becoming ‘just another tab’ on bookmakers’ platforms.To date, Wright and Qu have raised a reported $4.5 million in enterprise funding, having been backed by UK VC Venrex Investments alongside executives of Betfair and GVC Holdings.Midnite joins the ranks of Ukraine’s GG.Bet and Isle of Man-based Luckbox, seeking to become the specialised betting platform which breaks an esports wagering market estimated to exceed $1.2 billion by the end of 2020.The London start-up launched its initial wagering platform in private beta last April, allowing for betting markets on Counter-Strike: Global Offensive, League of Legends, and Dota 2.A confident Nick Wright, CEO & Founder of Midnite, commented on the start-up’s ambitions: “We have been in an Alpha for half a year now and are already seeing significant turnover. We are building everything in-house and are keen to offer the best experience for esports fans in the market.“Customers have been loving the platform and we, in turn, are fine-tuning the product specifically for them. Every day, our waitlist for access keeps growing and we are extremely pleased with the way the product been received so far.”Wright underlines that at present Midnite operates as the ‘only esports-dedicated betting operator’ that can accept customers from the UK, and is assessing launching in new jurisdictions having secured its vital funding round.last_img read more

Codere avoids total collapse with 12-month credit line

first_imgShare Codere SA will escape bankruptcy after the embattled Spanish gambling group secured new terms on its debt arrangement with US debt-holders. The Bolsa Madrid gambling group is reported to have secured a 12-month funding arrangement with a US hedge fund which will guarantee a €120-150 million credit line for the company to fund its operations and repay its deferred debt coupons.Codere is expected to sign-off on its new debt agreement this week, in which existing debt-holders will allow the US hedge fund to provide the firm’s emergency capital, allowing Codere to reopen its Spanish and South American retail estate. Securing its emergency funding, Codere will agree to new interest terms on its existing long-term $300 million and $500 million US debt tranches, increased from a reported 6.75% to 7.25%.As yet, Codere has not disclosed the name of its new investor. However, Spanish business news source Cinco Dias reports that Codere’s saviour is likely to be Miami-based Dryden Capital – a hedge fund which has undertaken several investments in beleaguered Spanish businesses during the COVID-19 pandemic.Targeting ‘cheap’ Spanish market opportunities, Dryden is reported to have taken debt placements on fast food group Telepizza, fashion retailer Tendam and Codere’s main market rival Grupo CIRSA.Last May, Codere revealed that the company held a cash position of €83 million funding its day-to-day operations during lockdown at a reported cost of €25 million per month.  Seeking €130 million in working capital to reopen its business units, Codere was allowed to defer €27 million in Q1 debt coupon repayments until October.Prior to its new arrangement, Codere had failed to convince main US debt holders Silver Point and Abrams Capital, to extend credit lines as the firm’s bond values reached an all-time low, valued as high-risk junk bonds by the Moodys credit agency.  The firm’s perilous position had seen observers stipulate whether Codere Chairman Norman Sorensen would sanction a firesale of international assets to salvage the legacy gambling group. Submit Share Andrea Vota – Jdigital’s challenge of Spanish restrictions is led by logic and rationale August 13, 2020 Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Related Articles Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 StumbleUponlast_img read more