Interpreting rules as much as possible for one's own benefit is something that happens everywhere. The first question is: How clear are the rules and how easy is it to prove it when they are violated? The second question is: Is there someone who will impose severe sanctions for non-compliance? In football there is a combination of soft, unclear rules and a football organization that has no great interest in uncovering infringements. This is an open invitation to trickery. One day we will probably find out what really happened at Manchester City. According to media reports, there seems to have been a lot of trickery. If such suspicions were to arise in a business in a different economic sector, there probably would have probably been personnel consequences. … [Read more...] about Manchester City and Financial Fair Play: ‘An open invitation to trickery’
British open prize money
Mr Cameron’s backtracking came after warnings his decision to brand Carr’s behaviour ‘morally wrong’ could lead to a repeat of John Major’s infamous ‘back to basics’ campaign, which backfired when it drew attention to the morals of senior Tories. Downing Street was yesterday struggling to answer questions about precisely what constituted ‘morally wrong’ behaviour. … [Read more...] about Cameron’s tax tangle: After attack on avoidance, he backs down in fear of opening Pandora’s Box
In an expletive-laden press conference, Kyrgios said: “I’m not healthy. I tried to come here, I tried to play. I’ve been doing media here, and helping out. I tried to play, I tried to give the fans a little bit of tennis. And then they’re disrespectful.” … [Read more...] about Nick Kyrgios hits out at booing Mexican Open crowd after retiring hurt
Its chief backer, who has stumped up much of the £75m initial funding for the launch, is American billionaire Vernon Hill. In 1973 he set up a bank in New Jersey, with nine staff and $1.5m (£920,000) in capital. Called Commerce Bank, it grew to 470 branches, predominantly in New York City, before it was sold in 2008 to TD Bank of Toronto for $8.5bn. When Commerce first launched in Manhattan, critics said it could never succeed in the world's most crowded bank market. … [Read more...] about Metro Bank looks back to the future
Fifty pence coins with other designs could actually sell for more online - here's our guide to the most valuable ones that you should look out for. … [Read more...] about Rare Kew Gardens 50p coin sells for £203 on eBay – do you have one in your spare change?