It’s boom time, but life’s not always a beach for holiday home owners

first_imgDecember and January are usually busy times of the year for holiday home buyers. Picture: iStock.December and January are usually busy times of the year for holiday home buyers who combine their annual leave with securing a new property.According to LJ Hooker research, affordability is the main priority when it comes to choosing a holiday rental.But holiday homes can bring headaches such as ongoing cleaning and maintenance costs, management fees and the volatility that comes with investing in coastal markets.Real Estate Buyers Agents Association of Australia QLD representative Zoran Solano warned buyers not to get caught up in the holiday hype.“It’s definitely a phenomenon we see influencing the market while people are on holiday,” Mr Solano said.“Try and maintain that enthusiasm, but maybe not do it at that time of year — head back there in winter.”THE ICONIC QUEENSLANDER IN DANGERSurfers Paradise on the Gold Coast is a popular holiday destination. Picture: Mike Batterham.Mr Solano, who is a buyer’s agent with Hot Property Buyers Agency, said coastal property markets were notoriously volatile.“Although we are seeing a lot of positivity around the Gold and Sunshine Coast markets, historically those markets do ebb and flow a lot more than capital city markets,” he said.“I do still think certain investments in those coastal areas are speculative and higher risk.”Mr Solano said beachside homes often required more maintenance and there was a risk of other holiday makers’ bookings dashing hopes of a spontaneous weekend away for the property’s owners.But if your heart is set on a holiday home by the water, he advises buying a property in a complex with plenty of amenities and which will generate a consistent rental return.Mr Solano suggested looking in areas that had a life outside of tourism, such as Main Beach and Broadbeach on the Gold Coast, and Noosa on the Sunshine Coast.“We’re seeing a lot of activity in Broadbeach and seeing a bit of a decline in the appeal of Surfers Paradise,” he said.“On the Sunny Coast, you can’t go past Noosa. It’s an area where we’re seeing a lot of opportunity.“It’s somewhere that’s always top of mind for interstate visitors and internationally has a profile as well.”Kollosche Prestige Agents managing director Jordan Williams said the holiday letting business on the Gold Coast was going gangbusters.Mr Williams said demand for rentals from high profile, high net worth individuals was particularly strong, prompting he and his business partner to set up a boutique holiday rental division this year for exclusive, high-end homes and apartments. Jordan Williams of Kollosche Prestige Agents in Surfers Paradise. Picture: Mike Batterham.“We have people contacting us willing to pay $50,000 a week for some residences,” Mr Williams said.“We find a lot of our high net worth clients who are looking for executive holiday rentals are from Sydney, Melbourne, Hong Kong and Singapore.”Mr Williams said Broadbeach Waters, Mermaid Beach, Isle of Capri and Paradise Waters were popular destinations. Broadbeach Waters is a good place to invest in a holiday rental. Photo: Chris Bashall.He advised investors considering buying a holiday home on the Gold Coast to look for something brand new, facing north or east to the water and with an occupancy rate of around 80 per cent.“You also need to have the kayaks and other little bits and pieces for guests.”Sydney-based property investor John Collis owns a number of holiday units on the Gold Coast and is about to settle on another five units in a block of eight apartments in Surfers Paradise.Mr Collis said he did his research before buying the properties and made sure they could generate returns of between six and eight per cent.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREMore from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoHe rents them out himself via Stayz.com.au or Airbnb, including a unit with water views in the Chevron Renaissance building at https://www.stayz.com.au/227841.“The aim is for me to buy two or three apartments per annum for the next five to six years so that way when I relocate from Sydney when I eventually retire, I’ll have a great rental return,” Mr Collis said.“With Sydney, you’re paying triple the price for the same returns, and while you don’t get the capital growth on the Gold Coast that you do in Sydney, the market there is starting to ease up so I think investing on the Gold Coast and getting an eight per cent return is pretty good.” John Collis, a Sydney based investor, who has bought a number of apartments on the Gold Coast because of the good rental returns. Picture: NIGEL HALLETTINVESTORS who own holiday homes in Queensland are tipped to reap the financial rewards this summer with new figures revealing strong demand for the prized beach shack.Lured by the promise of capital gains and a steady income stream via the share economy, agents are seeing an increase in investors looking to the coast as occupancy rates rise during the peak period — and sellers are also looking to cash in on the rise in inquiries.LJ Hooker holiday managers in Currumbin on the Gold Coast reported an occupancy rate of 98 per cent over the Christmas/New Year peak, with nine out of 10 bookings coming from domestic travellers.“We already have 85 per cent of our holiday rentals booked out for the next Christmas and New Year season,” LJ Hooker Currumbin principal Alex Passos said.BRISBANE SET FOR FIRST $20M HOME SALEIt’s even better just south of the border in Byron Bay and Kingscliff, where 100 per cent of houses and apartments the group manages are rented for the holiday break.“Depending on where you live in Brisbane, you can be at Kingscliff within an hour, which is why it’s such a popular option for purchasing a holiday investment,” according to LJ Hooker Kingscliff principal Paul McMahon.“For most holiday home purchasers, it’s a serious investment.“They want to optimise the returns around the Easter and Christmas period, when you can make half your yearly income, so they avoid staying there at those peak periods, and instead choose to visit and enjoy their investments outside of those periods.“Averaged over a year, we aim for 65 per cent occupancy.”center_img The view from the unit at 3346 Chevron Renaissance, which has just been bought as an investment property.At a time when family members take advantage of jointly owned holiday homes, buyers are also being warned to establish the rules of engagement for the use, management and maintenance of a shared investment property.Raine & Horne executive chairman Angus Raine said it was important for all parties to agree to an accommodation schedule for the holiday home to manage peak periods, as well as responsibilities for cleaning and maintenance.“Some weeks such as Christmas and Easter, which is just 12 weeks away, are more prized than others, but by taking a common-sense approach, it’s possible to come to a solution that’s suitable to all parties,” he said.HOLIDAY HOTSPOTS FOR UNITSSuburb Median Asking Rent 12 month changeBROADBEACH WATERS $450 15.4%BILINGA $450 12.5%SUNRISE BEACH $450 12.5%PALM BEACH $400 11.1%TUGUN $418 9.9%PORT DOUGLAS $360 9.1%CURRIMUNDI $420 9.1%MERMAID BEACH $430 7.5%SUNRISE BEACH $430 7.5%GOLDEN BEACH $363 6.6%(Source: LJ Hooker Research / CoreLogic)HOLIDAY HOTSPOTS FOR HOUSESSuburb Median Asking Rent 12 month changePORT DOUGLAS $550 22.2%MAPLETON $450 21.6%SUNRISE BEACH $573 19.9%DOONAN $750 17.2%SURFERS PARADISE $700 16.7%CURRUMBIN $670 14.5%MAIN BEACH $698 14.3%TUGUN $570 14.0%AIRLIE BEACH $430 13.2%PEREGIAN BEACH $600 9.1%(Source: LJ Hooker Research / CoreLogic)last_img read more

Equinor enters Japan’s offshore wind market in new consortium

first_imgThe consortium will see the three companies evaluate and work towards submitting a joint bid in Japan’s first offshore wind auction. “We have joined forces with JERA and J-Power, two strong local partners, to participate in Japan’s first offshore wind auction and develop what could potentially be Equinor’s first offshore wind farm in Japan,” said Equinor Senior vice president for Business Development in New Energy Solutions, Jens Økland. The auction is anticipated to start within the next months, with bid submission taking place six months after the launch. The article was updated on 9 September at 12:20 CET. This step marks Equinor’s first offshore wind opportunity in Japan. center_img Electric Power Development (J-Power), JERA and Equinor have formed a consortium to together work towards developing offshore wind projects off the Akita Prefecture in Japan. “Japan has a high potential to develop a market for offshore wind. The opportunities long-term are within both bottom fixed and floating offshore wind as waters in Japan are on average deeper than in other parts of the world.” Once the auction is closed, the results are expected to be announced towards the end of 2021. Potential wind farms would then tentatively be operative post-2025. last_img read more

Fox accepts Villa CEO role

first_imgAston Villa have confirmed the appointment of Tom Fox as their new chief executive. The former Arsenal chief commercial officer replaces Paul Faulkner, who left last month. Chairman Randy Lerner said: “Tom’s reputation as a leader and team builder makes him, to my mind, a great fit to take our club forward. Press Associationcenter_img “I was delighted and even flattered by Tom’s interest in the Villa job. His achievements at Arsenal speak for themselves.” Fox joined Arsenal in 2009 and had previously worked for Nike, running the company’s Asian sports marketing business, before moving to the sportswear giant’s US operation as sports marketing director. Chief financial officer Robin Russell had been Villa’s acting CEO since Faulkner’s departure and is now expected to return to his previous role. last_img read more

Pellegrini: FFP led to Negredo exit

first_imgManchester City manager Manuel Pellegrini has revealed Financial Fair Play restrictions were the key factor in striker Alvaro Negredo’s departure. But City were under pressure to leave a senior player out of their Champions League squad having been limited to a reduced roster of just 21 by UEFA as punishment for breaching the European governing body’s FFP regulations. With Negredo sidelined until the end of October with a broken metatarsal he seemed an obvious candidate for omission for the first part of the season. This, combined with a desire from the player to return to Spain, led to City accepting an approach from Valencia. Pellegrini said: “The decision for Alvaro Negredo to go was for two very important reasons. “The first was that we have the restriction for the number of the players we can use in the Champions League. “We had one player more, (and) we could not use Alvaro, who was injured, so he was the player who was not going to be on the list. “For him, it was very important because he wanted to go back to Spain, so I thought it was the best decision for the club. “But it all starts from the restriction about the number of players. We have restrictions about the amount of players and the money we can spend.” In addition to the reduced squad, City were also fined £49million and forced to limit their net summer spending to £49million. Pellegrini said: “It is difficult for me to understand the punishment because the club spent money because they wanted to grow, they finished a new training ground. “They were a small team and wanted to be a big team but now we have that punishment, that sanction, and we have to play with these restrictions.” City were linked with a deadline day move for Radamel Falcao from Monaco but the Colombia striker made a surprise loan move to rivals Manchester United. Pellegrini, asked at his preview press conference for Saturday’s Barclays Premier League clash at Arsenal, did not want to be drawn on the matter. “I don’t talk about players at other teams,” the Chilean said. Pellegrini was also unwilling to discuss comments by defender Micah Richards, who has joined Fiorentina on loan, that he was not given enough opportunities by the City manager. Pellegrini said: “I never have a response to players through the press. I always speak to the players face to face.” City’s trip to Arsenal begins a tough week in which they also travel to Bayern Munich in the Champions League and then host title rivals Chelsea. Pellegrini’s men also go into the tough period on the back of a shock loss to Stoke in their last game a fortnight ago. Pellegrini said: “We must always try to win, especially when you didn’t win the last game. “We started better than I thought against Newcastle and Liverpool, with so many players (having had) just a few days to prepare. “After that it was a surprise maybe to lose against Stoke but I don’t think we played badly. “Now we have this week with two difficult games in the Premier League and a difficult game in the Champions League but they are the games that motivate all the players.” Midfielder Fernando looks likely to miss all three key games in the coming week after limping out of the Stoke defeat with a groin problem. Striker Stevan Jovetic suffered a hamstring injury on international duty with Montenegro and has been ruled out this weekend. New £32million defender Eliaquim Mangala and former England midfielder Frank Lampard could be in line for debuts after building up their general fitness. Negredo joined Valencia on transfer deadline day last week in a loan deal that will be made permanent next summer. The transfer raised eyebrows as Negredo had impressed since his £20million signing from Sevilla last year and his exit leaves the champions with just three frontline forwards. Press Associationlast_img read more

Falcon Crest impresses in Monksfield victory

first_img The Christy Roche-trained five-year-old was sent off at 100-30 having cruised to victory on his hurdling debut at Fairyhouse earlier in the month and Geraghty always appeared confident he had matters in hand throughout the Grade Two assignment. Moylisha Tim and Dallas Cowboy ensured a strong pace and they remained at the head of affairs at the top of the home straight, but Falcon Crest moved ominously into contention. Press Association Barry Geraghty steered Falcon Crest to a decisive success in the “Monksfield” Novice Hurdle at Navan.center_img Dallas Cowboy was sticking to his task well when suffering a crashing fall at the second-last, with Falcon Crest fortunate not to get brought down. Geraghty took aim at Moylisha Tim approaching the final flight and Falcon Crest picked up well once popped the question to seal the deal by six and a half lengths. Roche said of the JP McManus-owned winner: “He’s a big, solid, sound horse to train and wasn’t near another horse since he ran the last day. We just took a chance and let the race improve him and it’s done that. “He has plenty of speed and I’d be happier to have a better bit of ground. There aren’t too many options where to go next and the boardroom will have a big say.” Paddy Power gave Falcon Crest a 20-1 quote for the Neptune Investment Management Novices’ Hurdle. last_img read more

Trojans blast Utes to win weekend series

first_imgA sliver of sun emerged on an overcast Sunday afternoon during the fourth inning at Dedeaux Field, when USC baseball scored its first runs of the game and didn’t look back.Lace ‘em up · Sophomore shortstop Blake Lacey came up clutch in the Trojans’ victory over the Utes on Sunday, recording 4 RBI, including USC’s first two runs of the day and the runs that put USC up 6-1 in the 5th inning. – Joseph Chen | Daily TrojanIn fact, the sun seemed to cut through the gloom during the most pivotal moments in Sunday’s 13-2 win over Utah, which pushed the Trojans to 17-17 overall, and 6-9 in Pac-12 conference play.“It’s no secret we’ve been struggling to score runs, as has Utah,” said USC head coach Dan Hubbs. “But it’s like I told the guys: We lost one we probably should’ve won on Friday. We won one we had no business winning on Saturday with how many guys we put on base and found some way to Houdini out of it and then today we played a complete game. We pitched well and we played solid defense and we got a lot of hits.”USC stepped up to the plate under pressure in the 4th, delivering a string of hits with two outs. After a gift wild pitch, sophomore shortstop Blake Lacey bulleted a single into left field, driving home the first two Trojan runs of the day.Lacey played hero again in the bottom of the 4th, saving what could have been a break-open inning by scrambling to field a ball that ricocheted off sophomore pitcher Brent Wheatley’s back, stepping on second and throwing to first for an unassisted double play.The Trojans would add six more runs off six hits the following inning, two in the 6th and 7th and another in the 8th to solidify their commanding win.“I think it was good for them to get a lot of hits with men in scoring position and drive some runs in and see that they’re capable of doing it,” Hubbs said.Wheatley would depart after 5.1 innings with one run and sophomore pitcher Kyle Twomey would pitch 2.2 scoreless innings in relief. After exhausting the bullpen in Saturday’s game, the two performances were clutch.“For Brent to come out and do what he did and get us into the sixth and having Kyle [Twomey] ready, it really made it nice to have that lead,” Hubbs said. “We didn’t have to think about throwing in [sophomore] Kyle [Davis] because we’ve just been riding him like crazy.”For the fifth time this season, the Trojans scraped by with a 3-2 walkoff victory on Saturday in the bottom of the 9th inning. It wasn’t as glamorous as some of the Trojans’ previous walkoffs, but for a team that relies more on manufacturing runs than producing them on power alone, the game-winning sacrifice fly was more than sufficient.On Friday, junior right hander Wyatt Strahan recorded a career-high 11 strikeouts, but despite achieving a new personal best, the Trojans dropped the contest 4-3 in 13 innings. The outing brought out some of the best in Strahan, who was able to surmount shaky control early to end his night with 2 runs on only 2 hits in 7 innings.The performance was all for naught, as USC struggled behind the dish, failing to take advantage of fruitful walkoff opportunities. The Trojans failed to plate runners in scoring position in the 9th, 10th, 12th and 13th innings.USC has the day off on Tuesday, and welcomes Arizona for a three-game series, starting on Thursday at 7 p.m.Hubbs hopes Sunday’s easy victory will propel them heading forward and that if the Trojans can continue to play complete games.“We’ll start seeing what we think is the potential of this team,” Hubbs said.last_img read more

Debate over whether college football should be played on Fridays rages on

first_imgSyracuse once played nearly all of its games on Saturdays, most of which were televised on ESPN or ABC. In 1998, for example, SU was ranked No. 25 in the country and played all but one of its games on either CBS, ESPN or ABC.“Many say there’s not enough time to tailgate on Fridays or early Saturday games,” said Robert Malekoff, a lecturer at North Carolina’s Department of Exercise and Sport Science. “That’s the sellout to TV. You’ve got two critical revenue sources — TV or broadcasting and ticket revenue. They hurt each other.”Michael Siiss, a Syracuse football season ticket holder since 1993, said he doesn’t mind Friday night games. He’s self-employed, so he can make time for the two-hour drive from his home in Schenectady, New York. As long as games are later in the day, he’s happy arriving a few hours early to hang out with friends, grab pizza at Varsity and watch warmups.When SU played in the Big East, Siiss said the Orange tended to play earlier on Saturdays, which trimmed down his ability to enjoy game day.“It seemed like every other week was a noon game,” Siiss said. “I prefer a late start so I have time to get parked, maybe get downtown, and eat. Now, more games are later in the day, which I’m very grateful for.”Among Syracuse players, the general consensus is that Saturday reigns.“Playing on Friday night does bring you back to high school,” SU graduate transfer middle linebacker Austin Valdez said, “but Saturday is the day for college football.” Comments Published on October 11, 2017 at 11:40 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 At about 7 a.m. before every Saturday home game, Chris Joroleman parks his orange-and-blue 1990 Suburban near Crouse-Hinds Hall. He drives from his home in Rochester, sets up his Syracuse flags, turns on rock music and grills burgers with friends and family on Waverly Avenue. Joroleman, an SU season ticket holder of about 10 years, prides his Saturday college football routine.But the schedule for tailgaters like Joroleman gets thrown off when SU plays on Friday nights. He works during the week and is not permitted by the university to tailgate on campus on Fridays, when class is in session.“I’ve been to some great atmospheres for tailgating,” Joroleman said, “and Fridays don’t promote that. You should be able to see all orange as you walk to the Dome.”This is the quandary of Friday night games. As part of its acceptance into the Atlantic Coast Conference, Syracuse agreed to schedule some Friday night conference games to be televised nationally, including Louisville last year and Clemson on Friday. After the Orange (3-3, 1-1 Atlantic Coast) hosts the No. 2 Tigers (6-0, 4-0) on ESPN, SU will have played on seven Friday nights over the past four seasons, compared to only six over the previous 13 seasons. Yet since 2013, SU’s attendance for Friday games has been slightly lower than that season’s average.AdvertisementThis is placeholder textAndy Mendes | Digital Design EditorThe debate over Friday games rages nationally. An Iowa legislator has taken legal action to ban Friday college football games. After the Big Ten announced last year that it would begin playing Friday games, Michigan and Penn State refused to sacrifice Saturday games, which many big-time programs see as the sacred day for college football. Northwestern lobbied to move its two Friday games this season to Saturdays.The Friday-Saturday schedule conflict borders the line of those who seek giving programs the national spotlight with college football traditionalists who view Saturdays, and only Saturdays, as the day for college football. Syracuse second-year head coach Dino Babers, who coached four seasons in the Mid-America Conference, may be an anomaly. He doesn’t care when games are played.“I come from the MAC, where we play games on Tuesday, Thursday and Wednesdays,” Babers said, “so for me, I really don’t have a preference.”Syracuse players sided toward Saturday games, though they acknowledged the benefits of playing on a Friday. They generally said they like the idea of Friday games if it means friends and family can watch them on national TV, as will be the case against Clemson. For many, playing on Friday nights rekindles memories from high school, but it breaks up their typical Saturday routine and cuts down the amount of practice time that week.American Football Coaches Association executive director Todd Berry issued a statement earlier this year condemning Friday night games. According to Berry, it was “unanimous” at each level of coaching that Friday nights should be reserved for high school football.“We all have our own space,” Berry said in a statement, “and Friday nights are for high school football.”The Nottingham High School football team stretches under the lights of a Friday night.Bryan Cereijo | Staff PhotographerBerry noted that not only is high school football attendance affected when local colleges play on Fridays, but the revenues generated on ticket sales impact other sports and organizations. Meanwhile, across the country, coaches vary on which day they prefer. Most coaches who have addressed the issue are proponents of Saturday games.“I like playing on Saturdays,” said Louisville head coach Bobby Petrino, whose Cardinals have played two Friday night games against Syracuse since 2013. “It gives you the week to prepare.”Fans interviewed by The Daily Orange said they support the anti-Friday movement, complaining of work, traffic and limited time to tailgate. Friday ranked as the worst day for college football, a poll by SB Nation found.Syracuse has played nonconference Friday games, such as Central Connecticut State this year and Colgate last year, to be “good stewards” with the community, said Herman Frazier, SU’s senior deputy athletics director. The intention for scheduling early-season games on Fridays is to provide fans the ability to attend the SU game and have the following Saturday for the New York State Fair and Labor Day activities.The Orange has hosted at least one Friday ACC game each of the past four seasons because the conference requires it. In 2012, the ACC and ESPN agreed on a rights deal that extends through the 2026-27 season. The deal included the addition of 13 ESPN telecast games, including three Friday night games.Therein lies the draw of Friday night games: TV revenue. There are 53 Friday games this fall, down from 56 last year. After the NFL began playing Thursday night games in 2006, college football has expanded to more Fridays. Every conference has at least one team with a Friday game in 2017. They’re here to stay for years to come, said Michael Strickland, the ACC’s senior associate commissioner for football.“The teams playing Saturday afternoons and Saturday nights get the most national television exposure,” said Dennis Deninger, a former Emmy-award winning ESPN producer and professor of practice in the David B. Falk College of Sport and Human Dynamics. “Syracuse-Clemson would not be a Friday night game if SU were a Top-20 team.”That’s because, Deninger said, Friday games are generally sweet spots for programs looking for national attention they wouldn’t otherwise get on the crowded Saturday college football TV schedule. That includes Syracuse.Penn State and Michigan play in 100,000-plus seat stadiums that fill on Saturdays. Both teams almost always play on national TV anyway, so they see no advantage to playing on Fridays, Deninger said.center_img Facebook Twitter Google+last_img read more

Dolphins’ 2017 3rd-round pick Cordrea Tankersley waived

first_img Associated Press Television News Last Updated: 5th August, 2020 07:20 IST Dolphins’ 2017 3rd-round Pick Cordrea Tankersley Waived Miami Dolphins cornerback Cordrea Tankersley was activated off the reserve-COVID-19 list and then waived Tuesday First Published: 5th August, 2020 07:20 IST SUBSCRIBE TO US Miami Dolphins cornerback Cordrea Tankersley was activated off the reserve-COVID-19 list and then waived Tuesday.Tankersley was a third-round draft pick in 2017 who has started 11 NFL games, all as a rookie.He has no career interceptions and missed last season recovering from a knee injury suffered in November 2018.Image credits: AP COMMENTcenter_img LIVE TV Written By WATCH US LIVE FOLLOW USlast_img read more

EC explains disqualification of FA chairman hopefuls

first_imgAfter a critical and a careful study of the interim reports of the 2011 GFA Elections Committee submitted on April 6, 2011, the Executive Committee of the Ghana Football Association has decided as follows;MR. FORESIGHT ALHASSANThe Executive Committee upheld the recommendation of the GFA Elections Committee that Mr. Foresight Alhassan nomination did not meet the requirement of Article 28.2 of the GFA Statutes because the five (5) Division two and Five (5) Division Three (3) clubs that nominated and/or supported his nomination were not competent to do so.NII ODARKWEI MAKENZY-GOLIGHTLYThe Executive Committee also accepted the decision of Nii Odarkwei Makenzy-Golightly to withdraw from the election to the office of the President of the Ghana Football Association-2011 as per his withdrawal letter dated 1st April, 2011.NEIL ARMSTRONG-MORTAGBE The Executive Committee accepted the recommendation of its Elections Committee that Mr. Neil Armstrong-Mortagbe did not meet the requirement of Article 28.2 of the GFA Statutes and therefore, could not be recommended to contest election to the position of President of the Ghana Football Association for the following reasons:– Mr. Takyi Arhin who supported his nomination did not have the mandate of Bofoakwa Tano F/C to support his candidature, as per a attached letter from the club.– Secondly, the said Mr. Takyi Arhin, is not an official of Bofoakwa Tano F/C.– Subsequent to the report of the Election Committee, the GFA Secretariat received two (2) letters from Wassaman Football Club and Medeama S/C. Wassaman Football Club denied that Mr. Moses Armah is a Director of the Club and therefore he had no authority to commit the club’s support for Mr. Armstrong-Mortagbe’s candidature.– Medeama Football Club also denied by a letter to the GFA that its official Mr. Mohammed Alhassan ever signed or supported Mr. Armstrong-Mortagbe’s candidature as appeared on his nomination Form to the GFA. VINCENT SOWAH ODOTEIThe Executive Committee accepted the recommendation of its Electoral Committee that Mr. Vincent Sowah Odotei did not meet the requirement of Article 28.2 of the GFA Statutes and therefore could not be recommended to contest the position of President of the Ghana Football Association because one Mr. Sali Ahmed Salim, Coaches’ representative on the Volta Region RFA, did not have the mandate to support his candidature as per a letter and a written resolution of the Volta Regional Association dissociating the RFA from the purported support exercised by Mr. Salim on their behalf.MR. KWESI NYANTAKYIThe Executive Committee accepted the opinion of the Election Committee that Mr. Kwesi Nyantakyi’s endorsement by Mr. Desmond Frimpong-Manso, Chief Executive Officer of Heart of Lions was within the latter’s mandate as it was in the usual way of business of the club, a Limited Liability company, see section 138(b) and 139(i) of the Companies Act, 1963, Act 179 which confirm the CEO’s authority to act on behalf of the company.The Executive Committee also assumed without admitting that even if the letter from the President of Heart of Lions had the effect of nullifying the support of the club through its Chief Executive Officer, Mr. Kwesi Nyantakyi’s nomination was supported by ten (10) other members of the GFA, which is consistent with the minimum requirement of Article 28.2 of the GFA Statutes. In this regard the Executive Committee noted that Mr. Nyantakyi’s candidature for Election to the Office of President of the Ghana Football Association is regular.Source: Ghanafa.orglast_img read more

NBA free agency news: Nuggets sign Nick Young, waive Brandon Goodwin

first_imgDenver waived guard Brandon Goodwin in a corresponding move. Nick Young is back.The Nuggets have signed the veteran guard to an undisclosed deal, president of basketball operations Tim Connelly announced Monday. Nick Young has officially joined the squad.#MileHighBasketball pic.twitter.com/udxmXSiu9n— Denver Nuggets (@nuggets) December 10, 2018Young, 33, was selected by the Wizards with the No. 16 overall pick of the 2007 draft and went on to have stints with the Clippers, 76ers and Lakers before landing with the Warriors. Related News NBA free agency: Jason Terry open to signing with Lakers, Warriors or Mavericks He was a member of Golden State’s 2017-18 championship team but was not brought back this season after his contract expired over the summer. He averaged 7.3 points and 1.6 rebounds while appearing in 80 games for the Warriors.An 11-year veteran, Young boasts career averages of 11.4 points, 2.0 rebounds and 1.0 assists while shooting 37.6 percent from 3-point range.last_img read more