Manchester United lands 13B 10year deal with kit supply deal with Adidas

Manchester United secured a record-breaking $1.3 billion sponsorship deal with Adidas on Monday, signalling the club’s enduring global appeal despite its worst Premier League campaign and strengthening its financial muscle for player transfers.The 10-year kit deal, worth at least 75 million pounds ($128 million) a year from July 2015 for an overall 750 million pounds ($1.3 billion), was negotiated after Nike decided that trebling the cost of its existing 13-year contract for having its name on United shirts was not good value for the company.United finished seventh in the league last season at the start of the post-Alex Ferguson era. But the eagerness of Adidas to make United kits and sell replicas is an indicator of the expected durability of the Red Devils’ brand — and a worldwide following which the club claims to be around 660 million supporters.The German sportswear firm said it expects to generate 1.5 billion pounds ($2.5 billion) in sales during the decade-long deal with United. Adidas currently pays around $50 million a year to Chelsea and Real Madrid, and United could generate far more over the decade from football’s biggest kit sponsorship, describing the headline figure of 750 million pounds as a “minimum guarantee.”In 2005 the Glazer family paid 790 million pounds — just 40 million pounds more than the Adidas windfall — for the entire club. Ten per cent of the Old Trafford-based team is now listed on the New York Stock Exchange and shares rose two per cent to $18.14 in morning trading on Monday.Adidas, which also makes the kit of newly-crowned World Cup winner Germany, saw shares rise by 2.85 per cent in Frankfurt to close at 73.57 euros ($100) on Monday.“Our new partnership with Manchester United clearly underlines our leadership in football and will help us to further strengthen our position in key markets around the world,” Adidas chief executive Herbert Hainer said in a statement. “At the same time, this collaboration marks a milestone for us when it comes to merchandising potential.”Nike has one more season as kit maker, recently unveiling jerseys featuring a gold Chevrolet logo for the start of the American automaker’s $559 million, seven-year jersey sponsorship deal with the team.Adidas last held the United contract between 1980 and 1992 just before the club ended its 26-year wait for an English title in 1993, ushering in a period of dominance under Ferguson.But United is now in a period of rebuilding again after going from winning a 20th English title before Ferguson retired in 2013 to a sudden slump with David Moyes in charge.Moyes was fired before the end of the season, and Louis van Gaal now has the task of returning United to the Champions League in 2015, fresh from leading the Netherlands at the World Cup. The Dutch secured a third-place finish by beating host Brazil 3-0 on Saturday.Despite the grueling campaign in South America, Van Gaal is taking just two days off before formally taking charge at United this week and beginning the tour of the United States on Friday.“I don’t need a holiday,” the 62-year-old former Bayern Munich, Barcelona and Ajax coach said on United’s website. “It’s great to have such an exciting challenge. To work daily with young people is something that I don’t need time off to rest for.”Van Gaal’s first match in charge of United will be on July 23 in a friendly against the Los Angeles Galaxy at the Rose Bowl. While the new manager has been in Brazil, United has signed midfielder Ander Herrera and defender Luke Shaw.___Rob Harris can be followed at www.twitter.com/RobHarris by Rob Harris, The Associated Press Posted Jul 14, 2014 10:58 am MDT Manchester United lands $1.3B, 10-year deal with kit supply deal with Adidas AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Inspector finds State Department lax on preserving emails as public records

by Calvin Woodward, The Associated Press Posted Mar 11, 2015 12:55 pm MDT WASHINGTON – The State Department’s internal watchdog has found that many department employees are not preserving emails for the public record as required by the government. That could mean a substantial amount of lost government information.The inspector general’s office, in a report out Wednesday, said that in 2011, when Hillary Rodham Clinton was secretary of state, department employees wrote more than 1 billion emails but only marked 61,156 for the public record. There’s no way to know from the figures how many should have been designated as public records. Even fewer were marked for public records, 41,749, in 2013, the year when she left the department.Clinton is under scrutiny for using her personal email exclusively for official non-classified business during her tenure and for doing so with a private server. The new report does not address the use of personal email accounts, which the department discouraged employees from using in earlier guidance.But the investigation found that employees had no central oversight of their record-keeping responsibilities with email, many did not know about the rules and some feared the consequences of their emails being searched and exposed.“Department officials have noted that many emails that qualify as records are not being saved as record emails,” the report says. “Some employees were under the impression that record emails were only a convenience; they had not understood that some emails were required to be saved as records.”The report found the laxity despite a 2009 upgrade in the system used to preserve emails as public records. It recommends better training, sharper guidelines for what should be made a public record and a department-wide review of how emails are used and kept.Branches within the department varied widely in their preservation practices: The secretary’s office designated only seven emails as public records in 2013; the office of diplomatic security did so with 409 emails.Emails are required to be preserved for the public record if they deal with policy, actions by officials, historically relevant information or meet a variety of other benchmarks. Among the more than 1 billion emails sent in 2011, some were work emails that did not meet those standards, others were personal and still others should have been captured for the record but weren’t. Emails that are not designated for the record may still become available for release later but become harder to find in the mountain of untapped government information.Clinton turned over to the State Department some 30,000 emails from her personal account that she said were work-related, out of about 60,000 emails she had in the same account. Because the emails were sent to and from her personal server, there is no way to verify her assertion that they were, as she said, “within the scope of my personal privacy and that particularly of other people.”With Clinton’s use of a private server, her emails are potentially even more out of reach than those that should have been designated for the record by her employees, but were not. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Inspector finds State Department lax on preserving emails as public records Hillary Rodham Clinton speaks to the reporters at United Nations headquarters, Tuesday, March 10, 2015. Clinton conceded that she should have used a government email to conduct business as secretary of state, saying her decision was simply a matter of “convenience.” (AP Photo/Seth Wenig) read more

7 amazing things you got for free as a kid

first_imgIT MAY NOT always be true that the best things in life are free, but when you’re a kid there are few thrills that can match a good freebie.Whether it arrived via your cereal box or was just an add on to your favourite toy, any opportunity to get your hands on an extra belonging was exciting.Here are some free things that probably filled you with happiness as a child.Crowns at Burger KingWho didn’t want to be royalty when they were a kid?  Who still occasionally wants to be royalty at 3am on your way home from a night out?These guys didn’t arrive in Ireland until 1981, but when they did, boy were we all over it.Flickr/Creative Tools/Creative CommonsToys with CerealToday’s kids don’t know what they’re missing, for when we were young breakfast meant the potential for a free toy.In some houses you were allowed to scrunch your hand down into the box to find it, in others you just had to wait til it popped out.  One way or the other, it was brilliant.For example, Kelloggs World Cup Glory USA ’94 Player Cards:Or these 1996 Rice Krispies pencil toppers:You often had to send off for the Weetabix stuff which took the shine off, and they were also usually books, but they were still free:Via AmazonFree crisps and sweets at the Blood BankFew things were worse than being dragged along to various boring locations with your parents, but when the destination was the blood bank you were in for a quality feed. www.shutterstock.comHappy Meal toysWho knows if we’d even like McDonalds if it weren’t for the toys?www.etsy.comwww.etsy.comBarbie cassettesBarbie was a good girl but she occasionally had a rock and roll edge, and when she did you usually got a bonus cassette with your doll.www.amazon.comYouTube/chibiXtrashLump of sugar with your injectionInjection time was a scary one in primary school, but if it was a polio vaccination they’d sweeten the deal with a lump of sugar.  JACKPOT*.www.shutterstock.com*Unless of course you went home and your mother told you that eating lumps of sugar would give you worms, as happened to one of the DailyEdge.ie team.Balloons at various eventsAny boring event could be brightened up with the offering of a helium balloon.  Unless of course, the trauma of previous lost ballons/fear that you will lose said balloon tainted the whole scenario for you.www.shutterstock.comWhat other free treats got your adrenaline pumping as a youngster?11 amazing things you used to get in cereal boxes>Breaking Bad… as a family drama series in 1995>last_img read more