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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Cricket can step up to the financial crease

Category : Business, World News

Can English cricket capitalise on 2013 spotlight?

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Football fans boost UK tourism figures

Category : Business

About 4% of all foreign visitors last year went to a live sports event, including 900,000 who watched football

Nearly one million overseas visitors to the UK watched a professional football match during their stay last year, according to new figures.

Big promotions by the national tourist agency VisitBritain involving the English Premier League helped keep visitor numbers up during the depths of winter. The greatest proportion of inbound tourists going to see a top team play visited during January to March, even if actual numbers were higher later in the year.

Manchester United and Liverpool encouraged visitors out of London, with Old Trafford and Anfield accounting for nearly 20% of the total.

Figures based on responses to questions in the Office for National Statistics (ONS) international passenger survey for 2011 suggest that 1.3 million visitors (about 4% of all foreign visitors) went to a live sports event, and 900,000 of those watched football.

The sports fans spent an average of £850 on their UK stays, far more than the overall average of £570, largely because they stayed longer. Players such as the Brazilian midfielder Sandro at Tottenham Hotspur, the American goalkeeper Tim Howard at Everton and Fulham’s Norwegian defender, Brede Hangeland, have all helped promote UK tourism.

The largest number of football visitors were from the Irish Republic, totalling 174,000, or 7% of all visitors from across the Irish Sea. The 80,000 Norwegians who went to a match made up an estimated 12% of all trips to the UK from their country. Next came 61,000 US fans, 54,000 from Spain and 48,000 from Germany. Mexico, Sweden and Iceland also accounted for healthy totals.

There were high numbers of spectators for golf from the US, for rugby from Ireland and for cricket from Australia. The next largest group of cricket-watchers came over from France, but many were probably Brits living abroad.

This month the ONS suggested the Olympics and Paralympics may have caused a 5% dip in tourist numbers compared with August 2011, but those who did visit this summer spent 9% more than foreign visitors the previous year.

ICC probes new match-fixing claim

Category : World News

The International Cricket Council has launched an “urgent investigation” into match-fixing claims made by an Indian broadcaster.

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In praise of … dignified exits | Editorial

Category : Business

England cricket captain, Andrew Strauss, managed to bow out with grace – unlike most stars in sport and pop

“I’d run my race,” Andrew Strauss admitted to a roomful of reporters. Few punishments must be as cruel as having to strap yourself into a suit and explain live on TV why you are retiring from professional cricket, yet the England captain managed it with grace. There was none of the teariness that afflicted Michael Vaughan when he bowed out. While most stars – in sport or pop (hello, Sir Mick) – want to hang around well after their sell-by date, Strauss showed self-awareness about his recent troubles with the bat and a firmness that he will now be only an “interested spectator”. All this was of a piece with a captainship that provided England with much-needed stability. Never the flashiest skipper, Strauss was dependable and courteous, even spending the day before his resignation writing letters to other players. As their tributes showed, most of his teammates appreciated those qualities. Kevin Pietersen, take note.

Furukawa places second in archery

Category : World News

Takaharu Furukawa took the silver medal in men’s archery at the London Olympics, earning Japan’s first medal in the event since 2004, after a defeat to South Korean Oh Jin Hyek in the final Friday.
Oh built an early 4-0 lead before tying the third set but never trailed as he outshot Furukawa for a final score of 7-1 at Lord’s Cricket Ground.

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The conversation: Is sport sexist?

Category : Business

The Olympics should inspire a new generation of sports stars, but will this include girls? Women’s magazine editor Lisa Smosarski tackles TalkSport’s Moz Dee

Can the Olympics raise the

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Former Deccan Chargers boss sues over dismissal

Category : Business

Tim Wright’s claim against IPL cricket franchise for breach of contract to be heard at Royal Courts of Justice in London

A £10m dispute between an Indian Premier League cricket franchise and its former chief executive will be heard at the Royal Courts of Justice in London on Monday.

Tim Wright is suing the Deccan Chargers franchise for breach of contract after he claims he was constructively dismissed in January 2009.

Wright, who held a senior position at marketing group IMG, had joined as chief executive seven months earlier, and was taken on after the team finished last in the inaugural premier league season. After he reshuffled the management and the team, the Chargers won the competition in the following season.

But he claims he was then asked to move back to London to work, and subsequently told it would be better for the two sides to go their separate ways. He maintains his employment deal with the Chargers meant he was entitled to the multimillion-pound payment if his contract was ended, and decided to sue the Chargers for the money he believed he was due.

Deccan however accused him of absconding and claimed he was “avoiding India for fear of being questioned by immigration officials/local police”. Wright rejects the allegations, calling them “without any foundation whatsoever”.

He won the right for his case to be heard in the UK, despite Deccan attempting to convince the courts that India had jurisdiction.

Wright became involved with the Chargers following his work on the establishment of the Indian Premier League during his time at IMG.

Sri Lanka Cricket defends TV deal

Category : Business, World News

The president of Sri Lanka Cricket (SLC) denies accusations of misconduct in granting local cricket broadcasting rights to a media group established by the country’s president’s sons.

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India heaps tributes on ‘immortal’ Tendulkar

Category : World News

India goes gaga as cricket star ends nation’s year-long wait for 100th century and confirms place among sporting greats.

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Stanford convicted of $7bn fraud

Category : World News

Financier and cricket mogul Allen Stanford is found guilty by a court in Houston, Texas, of running a $7bn Ponzi scheme.

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