Pochettino will lose £12.5m if he quits Spurs amid Man Utd and Real interest

first_imgMAURICIO POCHETTINO would kiss goodbye to £12.5million if he walks out on Tottenham.But it is looking like the best way for him to follow his dream of managing one of Europe’s top guns.2 Pochettino has overseen a disappointing start to the season at SpursCredit: AFP or licensorsBayern Munich, Real Madrid and Manchester United are all keen on Poch becoming their next boss and keeping their fingers crossed Spurs sack him so they do not have to pay the North Londoners more than £30m in compensation.But Tottenham chairman Daniel Levy will only axe the Argentine as a last resort as he does not want to pay him the £12.5m he would be due for being given the boot.Spurs are 14th in the Prem after mustering just three top-flight wins.Pochettino has failed to win a trophy since taking over at Tottenham in May 2014, but remains highly-rated and in-demand after guiding them to four successive top-four finishes.He also led them to the Champions League final for the first time in their history last season when they were beaten 2-0 by Liverpool in Madrid.And, despite their poor start, Spurs are on the verge of qualifying for the group stage of Europe’s elite competition again this time.2LATEST TOTTENHAM NEWSHARRY ALL FOUR ITKane admits Spurs must win EIGHT games to rise into Champions League spotGossipALL GONE PETE TONGVertonghen wanted by host of Italian clubs as long Spurs spell nears endBELOW PARRSpurs suffer blow with Parrott to miss Prem restart after appendix operationPicturedSHIRT STORMNew Spurs 2020/21 home top leaked but angry fans slam silver design as ‘awful”STEP BY STEP’Jose fears for players’ welfare during restart as stars begin ‘pre-season’KAN’T HAVE THATVictor Osimhen keen on Spurs move but only if they sell Kane this summerYOU KAN DO ITKlinsmann quit Spurs to win trophies but says Kane’s better off stayingTURBULENT PAIRINGDrogba and Mido had mid-flight brawl after stewardess prank went wrongGossipSPURRED ONTottenham table contract offer for Bayern Munich’s teenage starlet Taylor BoothExclusivePASS THE TESTEngland’s NRL-based stars urge bosses to make room for a Test this yearPochettino, who signed a new five-year deal worth £8.5m in June 2018, had threatened to quit if Spurs had lifted the trophy.Jose Mourinho is believed to be one of the candidates to replace Poch if he goes.But if Pochettino wants to engineer his exit from N17 it seems he is going to have to either quit and forego his massive pay-off or negotiate a “mutual consent” departure. Tottenham would be crazy to sack Pochettino despite form slump, insists ex-boss Harry Redknapplast_img read more


Contractors likely to be underpaid as $298M still owed

first_imgD’Urban Park controversy…Finance Minister tells them to “take it or leave it”Contractors are likely to be majorly underpaid for works done at the D’Urban Park complex and Finance Minister Winston Jordan told them they can either “take it or leave it.”Finance Minister Winston JordanThe Minister added that those contractors who are dissatisfied with their underpayment, are free to file lawsuits against the building company, Homestretch Development Inc (HDI) – which was clandestinely registered for the purpose of collecting monies for the D’Urban Park Project.Artist’s impression of the proposed D’Urban Park ProjectThe D’Urban ParkJordan told the yearend press briefing on Monday that the company still owes approximately $298 million to contractors but he noted that Government will not be releasing any more monies.Government on December 14 approved an additional $500 million to be paid out from the Consolidated Fund to a number of contractors and other persons owed varying amounts for works done on the controversial Jubilee Park Project.But the $500 million is inadequate to meet the debts of the company, which owes contractors some $798 million altogether.“Government indicated that it can only accommodate the $500 million as the full and final settlement. What that means is that HDI will have to pay some apportionment relative to the debts owed. This is a ‘take it or leave it’ situation. If you were owed $2 million by HDI, and it works out that you will only get paid $1.2 million, then you could either accept $1.2 million as the full and final settlement or you could sue HDI,” the Finance Minister explained.The Minister refused to expand on his proposal for the disgruntled contractors to file a lawsuit against the building company, shutting down further questions on the matter.“I don’t want to answer any more questions on this,” he expressed, noting that he will only disclose information relative to the financial aspect of the D’Urban Park scandal.It is assumed that the company does not generate its own revenue since it relied on monies from donations and from the public purse for the construction of D’Urban Park.President David Granger had described HDI as a “special purpose” company, setup with the sole purpose of overseeing the D’Urban Park development.It is therefore puzzling regarding the source of the finance for legal proceedings if HDI is sued for underpaying the contractors.Government already pumped $400 million into the D’Urban Park Project, which has been shrouded in secrecy since its inception in 2015.Only several weeks ago it was finally disclosed that a private company was registered in January to collect donations which were given since the previous year towards to D’Urban Park development.Questions still abound regarding which entity collected the monies that were donated before HDI was established. Concerns were also voiced about the absence of public tendering for a project that amounted to close to $1 billion.Education Minister Dr Rupert Roopnaraine is a director of HDI but Government never disclosed this information.Following a motion brought by Opposition parliamentarian Bishop Juan Edghill, Public Infrastructure Minister David Patterson finally announced to the National Assembly the list of those who sat as directors of the company.He failed to disclose that his cabinet colleague was a director, and the coalition Administration is yet to offer an explanation regarding why this information was withheld and what process was undertaken for the Education Minister to be sitting as a director.Other affiliates of the A Partnership for National Unity/Alliance For Change (APNU/AFC) Government including Larry London is also a director of HDI.Patterson’s Ministry subsequently took over work of the D’Urban Park Project after Government realised that HDI had run out of resources to complete the arena in time for the country’s 50th Independence anniversary celebrations.Government also cited the shoddy works done as reasons for the Public Infrastructure Ministry to take over the project.Meanwhile, Minister Patterson had told the House that a total of $27.7 million was received in the form of donations from private individuals and entities, while another $37 million came about ‘in kind’. As it relates to the donations, the Minister provided a list to the House.The Opposition is calling on the Auditor General to conduct an immediate forensic audit into all revenues, expenditure and donations received. It contends that the coalition Government attempted propagate the impression that D’Urban Park was privately funded when only less than 10 per cent of the financing was from private individuals. (Devina Samaroo)last_img read more


High tech’s vision for tomorrow

first_imgYou will be able to work more often on your time and your terms. Intelligent devices will help you gain customer insight and deliver your goods and services. These devices – equipped with computing, storage and sensing abilities – will monitor themselves, freeing business owners to take on other tasks. Future technologies for small business will be increasingly mobile. New smart phones or advanced computer-like cell phones will allow entrepreneurs the freedom to work from anywhere. Meanwhile, new projection display technologies will allow meetings or work to happen anywhere, as any surface – curved or flat, glossy or matte – becomes a high-resolution mobile computer screen. And increasingly pervasive high-speed, high-bandwidth wireless networks will keep entrepreneurs connected to their businesses and customers from anywhere. A new wave of analytic tools – including small business dashboards integrated with financial software such as QuickBooks – will increase productivity and make it easier to see how the business performs. The futurists predict that these technologies will help business owners make more-informed decisions, thus reducing the risks of owner a small business, and pushing “gut-instinct” management to the sidelines. “Information on demand” for both business owners and customers will change how businesses operate. Customers will order up a review of the restaurant they just walked by. And how about an instant inventory check of those shoes on display in the store window? These so-called “information annotations” of the physical world will soon be instant and available anywhere. Small businesses will no longer thrive merely on local ads and traditional word-of-mouth. Location-based consumer-generated reviews, offering virtual word-of-mouth advice and price-comparison data will create the most-influenced customers the world has ever seen. To get the entire Future of Small Business Report, visit www.intuit.com/futureofsmallbusiness. Daniel Kehrer (editor@business.com) is editor of Business.com, the top business search engine, and Work.com, a “how-to” site for small business.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champSmall business marketing will shift from a “push” to a “pull” mindset. Rather than merely accepting what’s pitched to them (the “push”), customers will increasingly find the information they need to make purchasing decisions, and small business will need the right information in the right places to “pull” those customers in. The emphasis will be on providing customers and prospects with the right information in the right context at the right time. A small business’s online presence will be the key factor in finding and acquiring customers. So investing in a high-quality Web site, keeping up with search engine optimization (SEO), and search engine marketing (SEM) techniques will be critical. And according to the report, the most successful small businesses will increasingly market themselves via the connected world of cars and cell phones. As the sophistication of cell phone-based and automobile marketing rapidly improves, small businesses should look out for ways to take advantage. For example, mobile marketing via cell phones and connected cars will let restaurants and retailers send special offers to customers when they are in the area. High-tech will no longer be a high hurdle as costs and complexity fall, and more business applications become available. Small business relationships will become increasingly virtual as online social networks proliferate. In the connected world of the Internet, small businesses will expand their relationships with customers, partners and suppliers beyond local neighborhoods. Question: We are still in the startup stage, trying to build a business that will be leading edge in tech terms. For long-range planning, what are some of the trends ahead that will shape the technology we’ll be using a few years from now? – PLANNING AHEAD Answer: The most successful small businesses in coming years will likely be more tech-reliant than even the most tech-savvy entrepreneurs today. They’ll be more connected in a mobile world, market to customers in ways only hinted at right now, and will further blur the lines between the virtual and physical business worlds. At least that’s the vision of small business in the next 10 years from a fascinating new Future of Small Business Report sponsored by Intuit and the Institute for the Future. The study concludes that technology will revolutionize the very nature of what it means to run a small business. last_img read more