Ireland eyes DC consolidation with master trust rule changes

first_imgIreland’s pensions regulator has launched a consultation on the future regulation of defined contribution (DC) master trusts with a view to encouraging consolidation in the sector.In a document published today, the Pensions Authority warned that there were “far too many pension schemes that are delivering poor outcomes for members”.“The Authority would like to see a smaller number of larger schemes to provide for future saving,” it added.Combined with the implementation of IORP II rules – which are due to bring in additional governance requirements for pension schemes and their trustees – the Pensions Authority said it expected an increase in the number of DC master trusts operating in Ireland. In its consultation, the regulator laid out a number of proposed requirements for master trusts, their backers and their trustees.Each new master trust must have a trustee board with a minimum of two members, the majority of whom must be independent from the scheme, its owner and any service providers.The board must put forward a “detailed and comprehensive” three-year business plan for the master trust, showing income and expenditure forecasts and demonstrating that the trust “has a reasonable prospect of being viable under all scenarios”.The trustee board – which should be set up as a “designated activity company” – must be “sufficiently capitalised”, the Pensions Authority said, with access to enough cash for two years of operations without additional injections. The regulator did not specify a figure for this, but said it planned to review each master trust’s financial position annually.“Given their potential scale and inherent complexity, the Authority will consider master trusts to be in the highest risk category for supervision and specific reporting requirements will be in place,” the regulator stated.Other proposed requirements for master trusts included written policies on engagement with members and employers, conflicts of interest, transparency of charges, and winding up the trust.The proposed reforms come as Ireland’s government is exploring a wide range of pensions and welfare reforms, including changes to the state pension, new protections for defined benefit schemes and members, and the introduction of automatic enrolment.The Pensions Authority is seeking responses by 5 October. The full paper is available on the regulator’s website.last_img read more

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FA Cup semis: Gunners, City light up Wembley

first_imgArsenal vs. Man City Venue: Wembley Stadium Kick off: 7:45PMArsenal and Manchester City will lock horns in the semi-finals of the FA Cup tonight with both teams determined to book their spot in the showpiece final. City are the holders of the competition, having landed their sixth title last season, but Arsenal are the most successful team in FA Cup history, lifting the famous trophy on 13 occasions.Arsenal recorded a morale-boosting 2-1 win over Liverpool in the Premier League on Wednesday night, but they remain ninth in the Premier League table and will have to rely on other teams dropping points if they are to secure a spot in the Europa League for the 2020-21 campaign.The Gunners would be guaranteed a position in the group stages of the European competition if they win the FA Cup, though, and the fact that head coach Mikel Arteta shuffled his pack against Liverpool suggests that he is very much prioritising this competition.Having taken just a point from their two games against Leicester City and Tottenham Hotspur between July 7 and July 12, it was vital that the London club picked up a positive result against the champions.There is no question that there is work to be done this summer, but it would be a special finish to the season for the club if they could manage to lift the FA Cup, particularly considering that they will need to get past Man City in the semi-finals and then either Chelsea or Manchester United in the final. Arsenal have beaten Leeds United, Bournemouth, Portsmouth and Sheffield United in this season’s FA Cup, and they will be bidding to reach the final of the famous tournament for a record 21st time.As mentioned, the Gunners are 13-time winners of the competition, the last of which came in 2017, when they overcame Chelsea courtesy of goals from Alexis Sanchez and Aaron Ramsey.The capital giants have lost to Nottingham Forest and Manchester United in the last two seasons but are one step away from another final.The omens are not exactly terrific for Arteta’s side as they have lost each of their last seven games against City in all competitions, including 3-0 defeats in both Premier League games during the 2019-20 campaign.The London club did win the last FA Cup clash between the two sides, though, recording a 2-1 victory in the semi-finals of the 2016-17 competition before beating Chelsea in the final, and they will be hoping for a repeat of that in the latter stages of this season’s tournament. City, though, will not be in the mood to relinquish their control of the trophy as they have already missed out on the Premier League title this season due to Liverpool’s incredible campaign.Pep Guardiola’s side have already won the EFL Cup this term, though, and are on course to reach the quarter-finals of the Champions League, having recorded a 2-1 victory away to Real Madrid in the first leg of their last-16 tie.Lifting the EFL Cup, FA Cup and Champions League would certainly go down as a hugely successful campaign for the club, even taking into the account the disappointment of their Premier League season.City will enter tonight’s match off the back of a 2-1 win over Bournemouth in the Premier League on Wednesday night, and they have been victorious in all three of their matches since a surprise 1-0 defeat away to Southampton on July 5.RelatedPosts Gunners, Reds battle for Community Shield glory Arsenal sign Brazil winger Willian on three-year contract FA Cup replays scrapped in 2020-21 to ease fixture pressure Guardiola’s team have beaten Port Vale, Fulham, Sheffield Wednesday and Newcastle United in this season’s FA Cup to advance to the final, and they are bidding to win the competition for the seventh time in their history.Another FA Cup would move them level with Liverpool and Aston Villa in terms of trophies won, with only Tottenham Hotspur, Chelsea, Man United and Arsenal ahead of them.The fact that either Chelsea or Man United will be waiting in the final makes this semi-final even more special, and there is simply no downplaying the importance of the match to the two sides, who have both struggled for consistency during their respective Premier League seasons.City will be feeling pretty good about themselves at the moment, having learned on Monday that their two-year European suspension had been overturned, and they will be determined to continue their excellent record over Arsenal when the two teams lock horns on Saturday night.Arsenal possible XI: Martinez, Mustafi, Luiz, Tierney, Bellerin, Ceballos, Xhaka, Saka, Pepe, Lacazette, Aubameyang. Man City possible XI: Ederson, Walker, Fernandinho, Laporte, Mendy, Rodri, Gundogan, De Bruyne, Sterling, Jesus, Bernardo.Tags: Arsenal FCFA CupManchester City FCSemi Finallast_img read more

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Park hopeful over QPR survival

first_imgPark Ji-sung believes QPR are getting better every game and have a good chance of beating the drop. He went on: “I’m not putting too much emphasis on winning twice in a row. We’re very satisfied that we are getting better and now we need to prepare for the next match. We need to keep winning and to get out of the relegation zone. “The mood in the changing room after winning and losing is totally different. I can see more players laughing after winning a match, and it will have a positive effect in the next match.” QPR looked destined for relegation after winning just twice in 27 league games, but back-to-back victories over Southampton and Sunderland have brought with them a new confidence. Next up is a trip to fellow strugglers Aston Villa and former Manchester United midfielder Park believes the bottom-placed side can continue their forward momentum. “There is four points difference now and we all know that the upcoming matches are really important,” the South Korean told the club’s official website, www.qpr.co.uk. “Our performances in the last two matches have been good, so we have a good chance of getting out of it. The other players believe that as well and now we need to keep this momentum going until the end of the season.” center_img Press Associationlast_img read more

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Mahendra Singh Dhoni was much calmer in 2013 CT than 2007 World T20: Irfan

first_imgMumbai: India all-rounder Irfan Pathan has said Mahendra Singh Dhoni was a lot calmer as captain during the 2013 Champions Trophy than he was in the 2007 T20 World Cup, both of which India won. Irfan was part of India’s 2013 Champions Trophy squad and was also a vital cog in the team’s wheel in 2007 when they lifted the inaugural WorldT20 trophy. “He was much calmer in 2013. Look in 2007 it was the first time and you understand that when you’re given a big responsibility of leading the country you always get excited about certain things,” Irfan said on Star Sports show Cricket Connected. “Obviously, the meetings were always smaller even in 2007 and in the 2013 Champions trophy as well, there were no differences in terms of five minute meetings,” he added. “But one thing that has really changed and that happens with experience, when young Dhoni became a captain in 2007 he used to run from the wicket-keeping end to the bowler in excitement and try to control the bowler as well. “By 2013, he was letting the bowler control himself rather than controlling them so he understood that and he was very calm and in control in 2013 Champions Trophy,” explained Irfan. “When Dhoni became the captain for the first time and then obviously talking about 2013 Champions Trophy he gave the experience in between of trusting his slow bowlers, he used to always trust his slow bowlers, he used to always trust his spinners and I think by the time Champions Trophy came he was very clear that in a crucial moments, he needs to get his spinners into play to win the games.” IANSAlso Watch: Get Set Global: Assamese in UK coping with the Pandemiclast_img read more

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Once ridiculed for playing flashy, Nicole Levy’s creativity has ‘changed the way people rip it’

first_imgLevy’s six cousins, all boys, molded her complicated moves and innovative shots. She didn’t watch women’s lacrosse until she was a sophomore in high school. Instead, Levy was put in a local boys lacrosse summer camp at 4 years old. She treaded the sidelines of Steve’s over-35 tournaments in Lake Placid. And when her cousins tagged along, they’d challenge other team’s younger siblings. In most cases, she was the only girl around. “I think as soon as I touched the ball once, I had proved myself,” Levy said. Her natural tendency to play below-the-shoulders soon became a point of criticism by Levy’s old program director, a rival of Steve’s in Long Island. When Steve got light of this, he simply responded: “I’m not going to make her play any other way.”By her sophomore year of high school, the reactions were still mixed. During one camp, she almost got in trouble for going behind the back. Then, the next weekend, players lined up and practiced sidearm one-by-one, trying to emulate their teammate. Levy’s play was not only welcomed, but praised by one of the sport’s greatest players in Gait. In the middle of a game her senior year, a referee approached Steve and told him that some opposing players had asked him to make Levy stop shooting so hard. “Yeah, I just laughed,” Steve said. While Levy’s trick shots dazzled, the outside shot became a staple of her game around that time. Standing at 5-foot-2, she started to rip from eight, sometimes from 10 or 12 yards, because she couldn’t blow by her defenders like some midfielders. Levy needed to compensate for “not being that fast,” she said.“It was kind of electrifying,” Steve said about her outside shot. “It’s the perfect storm.”But, as a freshman, the attack who played primarily behind the goal wasn’t a centerpiece anymore — Kayla Treanor, Syracuse’s leading career-goal scorer, held that spot. Levy’s game was still unconventional, even in the college ranks, and the shy freshman didn’t know if it would translate.Amy Nakamura | Co-Digital EditorThat uneasiness was erased on one play midway through her first season. The ball rotated to Levy against Albany on a skip pass, and instead of finding a cutter, Levy darted toward the eight-meter. Steve and associate head coach Regy Thorpe remember being in awe of the velocity of her underhanded shot. Two steps outside of the eight, she hit nylon.“Everything hit there,” Levy said. “I’m thinking ‘Yeah, I’m an outside shooter. I can play like a guy.’ I can bring this aspect of men’s lacrosse into the women’s game and kind of change the game a little bit.”An emulation of a Final Four team her freshman year wouldn’t come into fruition in her sophomore and junior season. Syracuse was in the midst of a rebuild with Levy at the crux of it until this season. Levy would still make highlight-reel plays, and her style wasn’t questioned like it was in high school.She entered 2019 coming off a 41-goal season, second-most on SU, but in September an injury to her peroneal tendon caused Levy to get three screws in her ankle. As of a month ago, she’s now dealing with plantar fasciitis in her heel. The patented rips from the eight-meter are more of a rarity and, in turn, it has hampered her scoring abilities, Steve said.Now, Levy calls herself a “feeder and a leader.” She leads the Orange in assists (26). And when opponents switch their coverages or leave someone uncovered, she’s the first to call it out. It’s a new role, she said, and she’s OK with it.Up a player against Virginia in the first round of the ACC tournament, Levy shuffled onto the field. Men’s teams usually send their “man-up squad” always with one “big shooter” — Levy’s eager to point out that on this play, it was her. The ball floated around the net, and freshman Megan Carney, who was behind the goal, flipped it to an open Levy.There was a cutter in the middle. Levy had space to run. But that’s not who she is. One step, then two. A long angle, eight meters from the net aiming for the top right. An underhanded follow-through turned into a stick-drop and an embrace with Gait. “When Nicole stormed onto the scene her freshman year ripping it from outside, she had a lot of young players in the world doing the low-to-high,” Thorpe said. “She’s certainly changed the way people rip it now.”Jordan Phelps | Staff Photographer Published on May 5, 2019 at 10:10 pm Contact KJ: kjedelma@syr.edu | @KJEdelman Comments Nicole Levy knew her underhanded passes were a bit flashy. She admits she liked the attention that came with every dish. Walking off the field after a youth lacrosse tournament in ninth grade, someone approached Levy about them. Those passes, the ones praised her entire life, were seen as a selfish act.Sometimes, her cutting teammates couldn’t catch those passes, even if they hit their sticks. The person blamed Levy and said she should adjust her game. But Levy didn’t listen.Her style of play, a resemblance of the qualities praised in men’s lacrosse, was being labeled as unconventional. The teenager walked away in tears, and her father Steve followed trying to reassure her.“He’s like ‘Don’t listen to them, keep being you, eventually it’s going to pay off,’” Levy said. “And it has, so he was right.”Other than her father, SU head coach Gary Gait was one of the first to support the high schooler’s creative play, and Levy has brought it with her to Syracuse. The style that’s put her on SportsCenter. The style that’s been face-guarded on the defensive end and mimicked on the other. And the one that’s changed the game for “big shooters” with behind-the-back repertoires. As the senior nears the end of her illustrious four-year career at Syracuse this month, Levy plans on becoming a collegiate coach — one that doesn’t hinder creativity, but embraces it.AdvertisementThis is placeholder text“That’s just how I play,” Levy said. “If people are going to praise that then that’s great. If not, too bad, because it works.” Facebook Twitter Google+last_img read more

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UK betting leadership stands firm on collaborative approach despite media scepticism

first_img ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 Share Share Submit Related Articles UKGC launches fourth National Lottery licence competition August 28, 2020 StumbleUpon Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Leaders of UK betting’s top five betting operators yesterday gave insights and opinions to the House of Lords Select Committee tasked with investigating the ‘Social and Economic Impact of the Gambling Industry’.Established in 2019, the Lords Committee continues its review of UK gambling seeking to gain valuable research and ‘reliable facts’ on unique industry factors and dynamics with for the purpose of developing better regulatory frameworks and oversight.Led by Lord Michael Grade of Yarmouth, the Committee questioned a chief executive ‘witness panel’ formed by Kenneth Alexander (GVC Holdings), Ulrik Bengtsson (William Hill), John Coates (bet365)  Dan Taylor (Paddy Power Betfair) and Conor Grant (COO of  Sky Bet) – a late replacement for Ian Proctor chief executive of Sky Bet.UK betting leaders were joined by Brigid Simmonds OBE, Chair of Betting and Gaming Council (BGC), the newly established ‘single industry’ representative body for UK gambling.Simmonds would begin proceedings by breaking down statistics of the UK gambling sector as a national employer and tax contributor, stating: “We are an industry that employs and supports 107,000 people in this country, contributing more than £14 billion to the UK economy.“Tax-wise we make a contribution to the UK treasury of around £3.5 billion every year. We are obviously the major contributor for horseracing, at around £350 million a year, and frankly, horse and greyhound racing would not survive in this country without our support.”The Select Committee would question the panel on issues related to public perception, in which Lords referenced UK media articles speculating that BGC had been established by gambling leaders ‘as an attempt to regulate itself before the government regulates the sector’.Simmonds retorted the speculation, stating that the BGC had been established as incumbents ‘recognised that the industry had not been best in class’ and that its members were determined to make ‘big commitments and actions’ to change perceptions and tackle gambling harms.Backing the BGC’s mandate, William Hill CEO Ulrik Bengtsson pointed to the significant progress achieved through cooperation established by forming ‘collaborative frameworks’ between betting firms which saw industry leaders adopt the ‘whistle-to-whistle’ ban on advertising.“Under new commitments, particularly focused on under-age gambling, we have reduced the number of young audiences exposed to betting advertising by over 90%. That is real progress and highlights why collaboration is effective and beneficial,” Bengtsson told the Select Committee.The CEO panel would detail further examples of corporate collaborative approaches which had helped raise £10 million for problem gambling harm research and that GamStop – the industry’s self-exclusion scheme – would be adopted by the UK Gambling Commission (UKGC) as a licensee requirement.The panel of leaders accepts that a review of the  2005 Gambling Act is imminent and required. However, John Coates – joint-CEO of bet365 – warned the Committee of regulatory nuances attached to ‘channelling’ with regards to consumer take-up of regulated services helping prevent black market wagering.“They call it channelling and it’s a vital point. At the moment bet365 is licensed in 15 different countries and we see dependent on the level of the regulation how open it is you see different levels of channelling,” said Coates.“This has been one of the successes of the Gambling Act, in that channelling has been pretty high in the UK, when compared to other countries.”Supporting Coates statement, the panel pointed towards a PWC 2019 study which detailed that ‘200,000 people had gambled on unknown and unregulated sites”.Focusing on regulatory dynamics, the Committee would probe the panel on whether UK gambling required ‘alignment on the level of stakes and prizes’ permitted across land-based and online verticals.Responding, Paddy Power Betfair CEO Dan Taylor underlined significant differences between consumer transactions undertaken in retail and online wagering environments.Taylor emphasised that a review of the Gambling Act offered a unique opportunity in which operators could work with the government, reviewing an abundance of player data with a view to improve protections and making sure that players never spend beyond their means.“What is incumbent on us, and where we need to work with the review to shape the regulation, is to ensure that protections are put in place for players that makes play affordable for them,” Taylor detailed.Advising regulatory stakeholders, Taylor and the panel recommends that the review investigates how to ‘develop a joined-up picture of affordability’ coherent across the entire gambling sector.Asked on what regulations for online gambling the panel would recommend reviewing, GVC Holdings CEO Kenneth Alexander highlighted advertising and consumer engagement concerns.“We could jump-on to several factors that can be considered, and affordability is certainly one of them. Also is the industry too much in the face of the consumer, is there too much TV Advertising, too much Sponsorship,” Alexander said.“When audiences watch TV sporting events, are they seeing too much  Ladbrokes, Coral, bet365 and the rest. I think that is the undoubtedly the case and has to be looked at.”last_img read more

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Tennis icon Billie Jean King and partner Ilana Kloss join Dodgers ownership group

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Billie Jean King was speaking at a wellness conference in San Diego on Thursday afternoon when the news became official: she was becoming a part-owner of the Los Angeles Dodgers. She broke the news then and there to a delighted crowd, then showed off the “Dodger blue” shoes she was wearing on stage.King and her life partner, Ilana Kloss, will be introduced to the media Friday at Dodger Stadium.King, 75, and Kloss, 62, are former professional tennis players who have previous ownership-level experience in the World TeamTennis league. King, a Long Beach native, is most famous for beating Bobby Riggs in a singles match in 1973 dubbed “The Battle Of The Sexes.”King and Kloss are the Dodgers’ first new ownership partners since Guggenheim Baseball Management purchased the team in 2012. In addition to joining the Dodgers’ ownership group, King and Kloss are also expected to join chairman Mark Walter as a member of the WNBA’s Los Angeles Sparks ownership group, pending league approval.“As someone born, raised and educated in Southern California, it is an honor to be part of the Dodger ownership group,” King said in a statement released by the team. “Mark Walter and the entire Dodger organization are a first-class operation that have proven to be leaders in sports on and off the field of play. We share a commitment to equality and inclusion, including the LGBTQ community, and we hope to further expand the team’s efforts in those areas as we move forward together.”Like her parents and cousins, King attended high school at Long Beach Poly, at a time when the school did not offer competitive sports programs for girls. She told the Southern California News Group in a 2014 profile that she competed in an off-campus recreational tennis program offered through the school.As a professional tennis player, King won 39 Grand Slam titles. The USTA National Tennis Center in New York City now bears her name. Kloss became the number-1 ranked doubles player in the World in 1976.Together, King and Kloss have used their platform to advocate for women’s and LGBTQ causes.center_img They co-founded the Billie Jean King Leadership Initiative, which addresses inclusion and diversity issues in the workplace. The couple also are founding board members of the Elton John AIDS Foundation and both serve on the executive committee of the Women’s Sports Foundation (WSF).“Billie Jean King is a true American trailblazer who has tirelessly championed for gender pay equality, LGBTQ rights, and diverse, inclusive workforce leadership,” commissioner Rob Manfred said in a statement. “Through her groundbreaking efforts, she has earned some of the most highly regarded recognitions available to athletes and advocates.“Ilana Kloss is well-known for being both a professional tennis player and for her work as the chief executive officer and commissioner of World TeamTennis. We are excited to have them both join the National Pastime.”Kloss, a native of South Africa, said in a statement, “I have been fortunate to work closely with Mark and Kimbra Walter on some projects, and I’m looking forward to being part of the Dodgers’ ownership group and helping the team expand its reach with new audiences. I hope to work with the team at a variety of levels and I share the organization’s proven commitment to excellence on the field and in the community.”King’s younger brother, Randy Moffitt, was a star baseball player for Poly who pitched 12 major league seasons for the Giants, Astros and Blue Jays.“We’re excited and proud to welcome two trailblazing athletes, social advocates and businesswomen, Billie Jean King and Ilana Kloss, to our ownership group,” Walter said in a statement. “Just like Billie Jean and Ilana, the Dodger franchise has a history of and commitment to breaking barriers, inclusion and winning, and we’re looking forward to them continuing to promote these attributes within our organization.”ALSOThe Dodgers also announced a multi-year contract extension for Jaime Jarrín, the team’s longtime Spanish play-by-play announcer. The 2020 season will be his 62nd with the team, extending his run as baseball’s longest-tenured broadcaster. Jarrin, 82, will be inducted as the 12th member of the Dodger Stadium Ring of Honor in a pregame ceremony Friday.last_img read more

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Three Takeaways from No. 8 Kentucky’s big win over No. 9 Kansas

first_img Nebraska F Isaac Copeland bids farewell to college basketball after season-ending knee injury Kansas and Kentucky have been college basketball powerhouses for years.The two teams met Saturday as part of the SEC/Big 12 Challenge, and Kentucky came out on top, claiming a 71-63 victory. The Jayhawks and Wildcats won’t compete again in the regular season, but could battle it out come March.Here are three takeaways from Kentucky’s big win. Related News Physicality forces free-throwsKansas made nine 3-pointers to Kentucky’s four, but the Wildcats got downhill, which led to plenty of free-throws. The Jayhawks and Wildcats were nearly identical from the field. Kansas made 23 field goals to Kentucky’s 25. The Wildcats attacked the rim all night and finished shooting 17 of 23 from the charity stripe. The Jayhawks made eight of 11 attempts, and that made all the difference.Kansas lacks presence down lowIt’s no secret the Jayhawks need to address this major problem. Losing Udoka Azubuike to a season-ending injury dealt a major blow to the team. Reid Travis, P.J. Washington and Keldon Johnson bullied Kansas on the blocks, racking up 12, 13 and 10 rebounds respectively. All three finished with double-doubles. Kentucky won the rebounding battle 50-36, and it played a big part in the final result. Kentucky has too many offensive weaponsThe Wildcats have a bevy of talented scorers, and each one of them could take over on any given night. Kentucky got valuable contributions from a few of them against Kansas. Washington entered the game averaging 12.3 points, but had 20 in the game. He was followed by Travis, who totaled 18. Keldon Johnson chipped in with 15. Tyler Herro has been on fire lately, but had a cold night, scoring only six points on 2-of-9 shooting. Four of the Wildcats’ five starters scored in double-digits. Dedric Lawson put up 20 points and 15 rebounds for the opposition, but his squad was overpowered by an onslaught of talent.Kentucky extended its winning streak to six games and improved to 16-3. Kansas lost its second game in 10 days, dropping to 16-4.last_img read more

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Alex Ferguson ‘showing signs of recovery’ after haemorrhage

first_img— SPORF (@Sporf) May 6, 2018“The whole football world is incredible but outside of that as well, from all corners of the globe and different walks of life, people have shown their support,” he told MUTV.“That’s the effect he had on people. It was the effect he had on everyone. He means a lot to me, as he does to this club.“We were all praying for him and thinking of him, Cathy and the family. It’s a tough time for everyone but I’m thinking positive and hoping he will pull through.”– Giggs tribute –Wales manager Ryan Giggs, who was part of all of Ferguson’s 13 Premier League title-winning teams after being given his debut as a 17-year-old in 1991, told the BBC: “I know the operation has been a success — but he is a fighter and that is what makes me think he will be able to make a recovery.“Now is the time to pray and hope he can make a full recovery. He has been the biggest influence in my career, both on and off the pitch.”Share on: WhatsApp Pages: 1 2 ARCHIVE PHOTO: Alex FergusonLondon, United Kingdom | AFP | Former Manchester United manager Alex Ferguson was sitting up and talking to his family, reports said Tuesday, as he recovers from emergency surgery following a brain haemorrhage.The 76-year-old, who suffered the haemorrhage on Saturday, remains in intensive care and there has been no official update on his condition from the Premier League club.But Britain’s Mail Online said the Scot, who retired in 2013, was out of a coma and showing promising early signs of recovery.“Surgery went very well and the 76-year-old’s response to treatment has given encouragement and cautious optimism to those close to him,” the report said.“However, they recognise it will still be a slow road to full recovery as he continues to be assessed.”“The prognosis is good and his closest friends in football are being kept abreast of any developments,” a source told The Sun newspaper.One of the greatest managers in football history, Ferguson won 38 trophies in more than 26 years in charge of United, including 13 Premier League titles and the Champions League twice.Support has flooded in from the football world and from those outside the game and United midfielder Michael Carrick said that the response shows the esteem in which his former boss is held.CLASS: @ManCity fans with a message for former @ManUtd manager Sir Alex Ferguson. ?Football united. ? pic.twitter.com/r3ZjGIzVPnlast_img read more

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