Arsenal chief executive Gazidis to join AC Milan

first_imgLondon, Sep 18 (AFP) Arsenal chief executive Ivan Gazidis is to leave the club to take up a similar post at Italian giants AC Milan, the Premier League club announced on Tuesday.Speculation that Gazidis — who oversaw Unai Emery’s appointment to replace Arsene Wenger in May — will depart for Italy has been rife for some time.Now the move has been confirmed, with Raul Sanllehi, currently head of football relations at the Emirates Stadium, to become head of football when Gazidis heads to Milan.Arsenal’s chief commercial officer Vinai Venkatesham will take over the role of managing director at the same point.Gazidis, 54, has reportedly been offered 3.6 million pounds (USD 4.7 million) a year — a 1 million increase in his present salary — and an equity stake in the AC Milan by the American owners Elliott Management, who took over in July.Gazidis, who will leave Arsenal by the end of October, has worked for the Gunners since 2009 and has been behind a radical change in management structure at the Emirates.He played a major part in introducing roles such as Sanllehi’s, as well as that of head of recruitment — a post held by Sven Mislintat.Those appointments wrestled some power away from Wenger, whose 22-year tenure came to a close at the end of last season.Gazidis wrote a lengthy message to Arsenal supporters, in which he described his impending move as the “hardest decision of my life”.There have been significant changes behind the scenes at Arsenal in recent months, with majority shareholder Stan Kroenke last month launching a bid to take overall control of the club through his company Kroenke Sports and Entertainment (KSE).advertisementHis son, Josh Kroenke, is deputy chairman of KSE and praised the work of Gazidis during his tenure at Arsenal.”It has been a pleasure working with Ivan. We will miss the wisdom, insight and energy he brought to our club on a daily basis over the past decade,” he said in a statement announcing Gazidis’ departure.Milan confirmed that Gazidis will begin working with the club from December 1, describing him as a “world-class football executive”.Arsenal, who have not won the Premier League title since 2004, are currently in seventh place, six points behind leaders Chelsea. (AFP) APAAPAlast_img read more

Members of OSU’s 2016 Class Who Could Contribute As Freshmen

first_imgIf Mike Gundy had his way, it would likely be his preference to have every freshman redshirt and sit on the sidelines to soak up the system and get to a playing weight that will make them competitive as sophomores. But Mike Gundy doesn’t always get what he wants. In 2015, he gave true freshmen Jalen McCleskey, Kenneth McGruder, Jeff Carr and Sugar Loaf Daniels ample playing time. Partly because of their phenomenal talents, and partly due to depth issues at their respective positions.The 2016 season returns more experience and more depth at some of those positions, but there is still a chance that some true freshmen could break onto the scene for a team that could be loaded up for a Big 12 title run. Here’s a look at some of the members of the 2016 recruiting class who could break onto the scene as freshmen.Tramonda Moore – Offensive TackleMoore was a last second welcome addition to the class, who could be a big-time contributor early on in Stillwater. There have been reports questioning his eligibility status and suggesting he may go the junior college route, but Mike Gundy says he’s on track to be on campus later in the summer. 6-6, 350-pounds to add to the offensive line? Freshman or not, that’s a big body who could play early.Tyrell Alexander – Wide ReceiverOklahoma State’s persistence with Alexander paid big dividends for the Pokes. After losing his commitment once in 2015, they nearly lost him to Arkansas just days before signing day. Now that he’s official, they can relish in the fact they will be bringing in one of the more underrated prospects in Texas. His 6-3 frame and freaky athleticism will earn rave reviews, despite his lack of experience at the position in high school. Even with the experience coming in next year, he’ll figure to mold some sort of role in the offense next year.Calvin Bundage – LinebackerLike Moore, Bundage was another last second addition who chose the Pokes over Oregon, Arizona, and others. The linebacker position may be a difficult position for a true freshman to play in, but with mainstay’s Ryan Simmons and Seth Jacobs moving on, he has a chance to join Jordan Burton and Devante Averette in the dynamic star position. He’s that good.Madre Harper – CornerbackHarper is almost a sure-fire bet to see the field the most out of the bunch. An early enrollee from Lamar High School, he has the tools and the size to potentially lock down a backup spot at cornerback. With the lack of depth returning next year, it may be a committee approach at cornerback at Harper figures into being a vital figure.Tyler Brown – Offensive guardBrown was one of several big in-state gets for the Cowboys this cycle from Lexington, OK, who they stole from TCU’s clutches last year. He is a 6-5, 330-pound guard who says the coaches expect him to compete for playing time right away. He’s a mean offensive guard – and one of the biggest needs is some big nasties in the middle. I like his chances. If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!last_img read more

Exploration firms can help assess Indias mineral wealth FIMI

first_imgNew Delhi: Producing 95 major and minor minerals, including four fuel and three atomic minerals, the mining sector is an important segment of India’s economy but needs more government focus to increase its contribution to the GDP, mining industry body FIMI said. India is yet to assess its true potential of its resources, leading to the country heavily importing major minerals, to the tune of seven times its domestic production, as per the Federation of Indian Mineral Industries (FIMI). Also Read – Thermal coal import may surpass 200 MT this fiscal”We all know that India is rich in minerals, but have we really assessed by how much? The risk factor in exploration is very high. You don’t find minerals in every effort you make. Normally the success rate of exploration is 1:100. As such, no country spends tax payers money in this risky venture,” said FIMI Secretary General R.K. Sharma. He said that the international practice by resource-rich countries is to entrust the job to junior exploration companies, formed by a group of geologists with domain expertise in a particular mineral or group of minerals and operating with venture capital or hedge funds. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostOnce a junior exploration company becomes successful in locating a world-class discovery, it sells this to a major mining company at a price which would recover all the past losses, if any, and may cover possible future losses, Sharma added. A major mining company can also undertake exploration, he said, citing the case of Rio Tinto which discovered the world-class diamond deposit in Madhya Pradesh’s Bunder. Sharma termed it unfortunate that India’s mineral resources remain under-explored since “exploration activities are restricted to the government sector and there is virtually no involvement of private sector”. Many international companies like Rio Tinto, Anglo American, De Beers, BHP (formerly BHP Billiton) among others had shown interest in exploring India’s mineral wealth, but had to call off their ventures and leave due to “complicated licensing and approval processes”, he said. On the Bunder mines, he said: “When NMDC (National Mineral Development Corporation) produces about 45,000 carats of diamonds in a year, Rio Tinto, with its access to most modern global technology and expertise, would have produced about 3 million carats of diamonds in the very first year and this could have gone to 5 million in subsequent 2-3 years.” Lamenting the squandered opportunity for wealth and job creation, Sharma said: “Policies need to be simpler and conducive and only then mining companies can give you desired results.” Noting experts believe that India does not have that world-class technology for exploration, he said that this is why it is not able to assess its true mineral wealth potential and FIMI is trying to get the government to change its policies. “FIMI has approached the government and is advocating to engage with junior exploration companies from across the world who have domain expertise and latest global technologies. These companies would give you clearer picture of mineral wealth in a very short span of time. There would be many takers from within India and across the world who would be then willing to invest in India’s mining sector,” Sharma said. He also said the identification of potential mining sites would make things easier for the mining companies to produce within India, and the country will be able to reduce its import bill and also create massive employment opportunities. “India needs to produce that every mineral and metal that the country is importing. Why spend tax-payers money, when the country has the potential resources,” Sharma said. “As most of the mines are located in rural and tribal areas, rural employment will get a boost besides giving impetus to the local area development,” he added.last_img read more