DOF Subsea mulls Oslo stock exchange comeback

first_imgNorwegian subsea services provider DOF Subsea and its shareholders, DOF ASA owning 51% and a fund managed by First Reserve owning 49%, have decided to start reviewing the opportunity for the company to apply for a listing on Oslo Stock Exchange.The company has previously been listed on the Oslo Stock Exchange from November 2005 until December 2008, when DOF ASA and First Reserve took the company private.According to the company’s statement on Thursday, as part of a potential listing, the company and its shareholders plan to evaluate a primary issuance of new shares in an offering as well as a partial sale of existing shares by First Reserve.DOF ASA intends to maintain its current ownership level, through participating with up to NOK 250 million in a cash issue, and contribution-in-kind of two subsea vessels owned by DOF ASA as well options to acquire two additional vessels. First Reserve expects to remain a significant shareholder after the primary issuance and partial sale of shares.DOF Subsea said that proceeds from the primary issuance will provide flexibility for the company to decisively pursue growth opportunities and enhance the company’s competitive position ahead of an anticipated market recovery.last_img read more

I-30’s Scrapp Fox Memorial boasts $1,500 IMCA Modified payday

first_imgLITTLE ROCK, Ark. – IMCA Modifieds race for $1,500 to win and a 2021 Fast Shafts All-Star Invitational ballot berth at I-30 Speedway’s Saturday, Aug. 15 Scrapp Fox Memorial. More information is available by calling 501 455-4567 and on Facebook. Pits and the grandstand open at 4 p.m. Hot laps are at 7 p.m. and racing is at 7:30 p.m. IMCA Sunoco Stock Cars are also on the evening’s card at Little Rock.  The $50 entry fee includes the driver’s pit pass if paid by Aug. 14. Pit passes are $30 on race day and spectator admission is $20 for adults, $1 for kids ages 6-12 when accompanied by a paid adult and free for ages five and under. IMCA Speedway Motors Weekly Racing National, Jet Racing Central Region, Arkansas State and track points are also at stake at the 18th annual event.last_img read more

$38K Reward Offered For Info on Suspect Who Stabbed Florida Dolphin in the Head

first_imgA substantial reward is being offered for information on the troubling death of a bottle-nosed dolphin on the west coast of Florida.NOAA announced yesterday a bottle-nose dolphin was stabbed to death over a month ago off Upper Captiva Island in Lee County. A necropsy shows a deadly six-inch wound in the head likely from a spear.NOAA is offering a $38,000 reward for information on a suspect. The Marine Mammal Protection Act of 1972 makes willfully killing a dolphin punishable of up to a $100,000 fine and up to a year in jail.If you know who is responsible for this heinous act, please call 800-853-1964last_img

11-year-old local girl credited with saving grandma’s life

first_imgAn 11-year-old girl from Boca Raton is being called a hero after her quick thinking helped save her grandmother’s life.11-year-old Rilee stayed home sick from school on Tuesday with her grandmother keeping a close eye on her.Her grandmother who suffers from type 1 diabetes, says while she prepared to walk out of the door for an appointment she began feeling sick and sat down on the couch.A few minutes later, Rilee came out of a room to find her grandmother slumped over on the couch. That’s when the 11-year-old sprang into action and went to her neighbor’s home to ask for help.The neighbor then called the paramedics who arrived just in time to help Rilee’s grandmother out of her state of diabetic shock.Rilee’s grandmother says she is glad she taught all 5 of her grandchildren about her condition and what to do when they think something is wrong.Rilee says she is just glad that she was home and was able to help save her grandmother’s life.last_img read more

Anthony Joshua Set Target on Wilder or Tyson Fury

first_imgAnthony Joshua will face the winner of December’s fight between Deontay Wilder and Tyson Fury “subject to terms, without a problem in the world”, says Matchroom Sport chairman Barry Hearn.Joshua retained his world heavyweight titles with a seventh-round stoppage of Russian Alexander Povetkin on Saturday.He will return to Wembley in April to face a yet to be named opponent, with Dillian Whyte also in the frame. IBF, WBO and WBA champion Joshua confirmed after beating Povetkin that his “number one choice would be Wilder”.“We have sent Wilder a signed contract already to fight on 13 April. We will agree terms with Wilder to fight on 13 April if he beats Tyson Fury – if he does not beat Tyson Fury, we have got to look around as we have got a business to run,” Hearn told Sportsweek on BBC Radio 5 live.“Tyson Fury will not be in a position to fight on 13 April in my opinion. If he is, I would love to see it.”Fury’s promoter Frank Warren refused to confirm whether there was a rematch clause in the contract with Wilder, leading Hearn, whose son Eddie promotes Joshua, to say: “There has to be a rematch clause. Deontay Wilder is not going to risk his title without a rematch clause.“I know Anthony Joshua has made his shopping list of who he would like to fight next and that is Deontay Wilder, but that is not to say the deal can be done.”Warren insisted former champion Fury would demand a 50-50 split of the purse for a fight with Joshua.“It is subject to terms because you [Warren] will ask for a ridiculous amount of money and it won’t be made,” responded Hearn.“It is not a 50-50 split against the number one heavyweight in the world – you can forget that completely.”Fury has fought, and won, twice since making his comeback in June after two and a half years out of the ring. During his spell on the sidelines, he gave up his world titles and focused on mental health issues.He has vowed to regain the titles “which are rightfully mine” having outpointed Ukrainian Wladimir Klitschko to become WBA, IBF and WBO champion in November 2015.“I think it is safe to say that neither Team Joshua or Matchroom will fight the Gypsy King. They mentioned if it is not Wilder, it will be Whyte, but there was no mention of Tyson Fury, the lineal champion of the world,” Fury said in a video on social media.“It is all right fighting men 39-year-old and half your size. [This] is the best evidence that I am fighting the best heavyweight out there in Deontay Wilder, Joshua is not even close. He is slow, methodical, ponderous at times, powerful yes, but they all are.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Year in Sports : Coming up short: NCAA debates creating stipends to compensate athletes

first_imgAthletes were about to have some extra money in their pockets. They would not be getting paid, but the stipend they were close to receiving would at least provide some degree of financial assistance. For close to four months, those stipends looked like they were a done deal. Then, 160 universities realized their financial effect and stopped the measure.Back to square one.The issue of how to compensate college athletes for the out-of-pocket expenses they pay to make up for a scholarship shortfall has been debated for years. Paying them salaries has long been out of the question, with the NCAA’s member institutions fearful of removing athletes’ amateur status. A stipend of up to $2,000 appeared to be the most viable option, though many player representatives say even that falls short of what athletes have to pay. The NCAA Division-I Board of Directors approved the stipend in October, but 161 schools voted to override the measure in January, throwing the issue back on the table for debate.Ramogi Huma is the president and founder of the National College Players Association and said his organization believed the stipends were a definite outcome. Huma said the NCAA made it seem as if schools would not have the ability to vote because it was using an extra power or privilege to pass the stipend.‘So it was a bit surprising that the schools did have the ability to object,’ Huma said. ‘We weren’t surprised that they did. Once we realized that they could do that, we knew that all of the dysfunction from the NCAA system would kick in, which is mainly competing interests.’AdvertisementThis is placeholder textSmall schools with lower budgets are against the stipends because they do not have the same financial resources as larger schools.The NCPA argued the stipends are needed to cover the difference between what an athlete’s full scholarship covers and what the cost of attendance actually is. The ‘full’ scholarship for football and basketball players at Football Bowl Subdivision left a $3,222 difference between what the scholarship covered and the full cost of attendance during the 2010-11 academic year, according to a study released by the NCPA and Drexel University’s Department of Sport Management in 2010.The study also found that 85 percent of players living on campus and 86 percent of players living off-campus fell below the federal poverty line.Last year, the NCPA conducted a study with the Ithaca College Graduate Program in Sport Management that said in 2009, a Division-I athlete receiving a full scholarship had to pay an average of $2,951 out-of-pocket per year to close the gap.When the NCAA passed the legislation in October to provide the additional financial assistance, it mandated the stipend would be the difference between the full scholarship and the cost of attendance at each university. That meant in some cases, the stipend would not even reach $2,000. The legislation also stipulated that conferences could choose whether or not their respective schools were going to offer the stipend, which in turn, could hinder competitive equity.The NCPA’s study found the scholarship shortfalls are anywhere between $200 and $10,962 per year.At Tennessee, the scholarship shortfall is close to $5,000, Huma said, so players would still need to pay about $3,000 out of their pockets to cover the extra costs. At Notre Dame, he said, the shortfall is only about $1,500. Fighting Irish players would receive less than the $2,000 limit.While the scholarships cover tuition, room and board, meal plans, books and fees, they don’t provide enough money for extra expenses that athletes accrue during their four years.Though Huma said the proposed $2,000 still doesn’t cover the costs, he said it’s a sign of progress.‘It would not have systematically addressed the issue, because first of all, it was optional. Second of all, it was inadequate. It wasn’t enough,’ Huma said. ‘Although they had those shortcomings, it was a step in the right direction.’Last week, the board met in Indianapolis to discuss a variety of NCAA issues, including the possibility of stipends. The 18-member board, made up of school presidents and chancellors, is now debating a measure that would allow conferences to decide whether or not their schools would offer stipends, and another proposal would issue stipends to athletes who could prove they were in need of them financially.Dowayne Davis played on the Syracuse football team as a defensive back from 2004 to 2007. While he was fortunate to have family members support him financially if he needed it, he said, a large number of teammates didn’t have that luxury. A stipend, Davis said, would give players a way to make some extra money without having to accept it from outside parties, breaking NCAA rules.‘It gives them something to be able to get through,’ Davis said, ‘whether it’s the season so they’re not turning to negative things, or negative ways of getting funds into their pockets because they have no other means of getting it. What you’re saying is we’re going to support you financially so you get through these four years and develop as a young man and not have to go toward negative things.’Throughout the NCAA – football in particular – players are turning to illegal means to earn money. Former Ohio State star quarterback and current member of the Oakland Raiders Terrelle Pryor made about $40,000 signing and selling sports memorabilia during his time with the Buckeyes. Former Miami booster Nevin Shapiro admitted to giving ‘impermissible benefits’ to at least 72 Hurricane players from 2002 to 2010. Reggie Bush received hundreds of thousands of dollars in gifts from two sports agents when he was a running back at Southern California.The problem of athletes turning to boosters or sports agents for money is a repeated offense in the NCAA.Perhaps no one knows more about that than Josh Luchs, who admitted in a 2010 Sports Illustrated article to paying at least 30 college football players in the early 1990s as a recruiting tool to sign with him.Luchs said the $2,000 stipend is not nearly enough, citing the NCPA study. The former agent said the current environment fosters the propensity of college athletes to turn to outside sources to earn money because they have no other means of doing so.If they need or want money, Luchs said, they’re going to find it.‘Whatever it takes for an athlete to be provided the cost of full attendance depending on what school they’re going to, or region or area and what the cost of living is,’ Luchs said, ‘that’s what needs to be met.‘And until they do that, they’re going to continue to have players that, out of need and out of desperation, are going to succumb to outside third parties.’Opponents of the stipend or college athletes receiving any money at all say the student-athletes are getting enough benefits through a free education. Critics say the value of their experiences as college athletes comes from the hundreds of thousands of dollars universities pay to fund athletic programs.Rick Burton is a David B. Falk professor of sport management at Syracuse who opposes the stipend. He said players at private universities cost schools as much as $125,000 per year when it comes to providing everything from coaches to tutors – even including public relations professionals who work with the team.Athletes receive benefits that extend past giving them any kind of payment, Burton said.‘They’re getting an accelerated opportunity to get into a career that they probably desire, or they wouldn’t be playing the sport,’ Burton said. ‘They’re getting elite-level coaching from coaches that are getting paid millions of dollars. They’re getting medical treatment. They’re getting facilities.’But what they are not getting right now is money to cover additional expenses that they have no means to account for, and that, Huma and the NCPA said, contributes to the cause of many of the scandals in the NCAA.The NCAA Board of Directors is considering multiple possibilities for stipends in the future, but a decision ultimately won’t come for another four months. Whether or not the stipends are sufficient enough will then be determined.Huma said the stipends will not likely solve all of problems of the repeated NCAA violations, but they will at least give college athletes a way to provide for themselves that they did not previously have.‘I’m not saying the stipends are going to solve all the problems in terms of violations,’ Huma said, ‘but for some athletes, it’ll take the edge off.’cjiseman@syr.edu Published on April 29, 2012 at 12:00 pm Contact Chris: cjiseman@syr.edu | @chris_iseman Commentscenter_img Facebook Twitter Google+last_img read more

No. 2 USC cruises to victory in ITA Kick-off Weekend

first_imgSan Diego State University and Indiana University proved to be no match for the USC men’s tennis team, which steamrolled the competition to win the ITA Kickoff Weekend Saturday.The No. 2 Trojans beat  San Diego State 7-0 and Indiana 6-1 to keep their unblemished record intact.The Trojans looked strong in both singles and doubles, and the two-day tournament was an overall success for the team.Come from behind · Junior Daniel Nguyen, along with freshman Emilio Gomez, picked up a thrilling doubles victory that helped lead the Trojans to victory over No. 47 Indiana Saturday at Marks Stadium. – Mannat Saini | Daily Trojan “I am really happy with the performance,” said USC coach Peter Smith. “[It’s] just good to have the whole team out there playing. We have had our issues in the last week and we are lucky we have so much depth to help us.”In doubles action, the Trojans got off to a rough start, as the pair of No. 51 senior Jaak Poldma and sophomore J.T. Sundling fell to Indiana’s Jeremy Langer and Santiago Gruter, 8-3.Junior Steve Johnson and freshman Ray Sarmiento managed to come away with an 8-2 victory over Indiana’s Josh MacTaggart and Stephen Vogl, and junior Daniel Nguyen and freshman Emilio Gomez came away with a thrilling 8-6 victory over Isade Juneau and Will Kendall.The weekend’s matches also saw the return of senior Peter Lucassen.“Peter didn’t [look] very comfortable in his return on Friday, but really got it going against Indiana,” Smith said. “He played with some great aggression … he just has to have the right mindset and he will be great.”Lucassen fell to Aztecs’ Tim Schulz van Endert 6-1, 6-2 on Friday, but came up with a win against Indiana’s Isade Juneau with a decisive 6-1, 6-0 finish.Even more important to the team’s success thus far, Smith has praised the play of several promising new freshmen.“Our freshman Michael [Grant], [Sarmiento] and [Gomez] all played so well,” Smith said. “[It’s] just great to see them adjusting to college tennis and helping the team. As tough as it is to lose seniors, the great thing about coaching is to reinvent the team with new players.”No. 4 Sarmiento defeated Indiana’s Claes Goransson 6-2, 6-0 while No. 6 Gomez took a 6-0, 6-1 victory against the Indiana’s Stephen Vogl.With the wins, the Trojans earned a place in the ITA National Indoors Championship in Seattle next month.Another home match awaits the Trojans against San Diego Friday at 1:30 p.m. at Marks Stadium, as they hope to continue their strong start to the season.“We have some work to do in doubles,” Smith said. “Guys need to get comfortable with their partners, have a little more understanding with their shot selection and get more comfortable in their positioning.  We will work on it and get it down. That’s what the early part of the season is for.”last_img read more

Syracuse moves up to No. 30 in latest rankings

first_img Published on March 6, 2018 at 5:44 pm Contact Anthony: amdabbun@syr.edu Facebook Twitter Google+ Syracuse (9-2, 2-2 Atlantic Coast) moved into the top 30 of the Intercollegiate Tennis Association rankings on Tuesday after splitting last weekend’s contests. The Orange defeated then-No. 30 Virginia Tech before dropping a 6-1 contest to No. 1 North Carolina. At No. 30, the Orange reached its highest ranking since May 5, 2016 when SU cracked the Top 25. Gabriela Knutson won both of her matches last week against ranked opponents, catapulting her to No. 11 in the ITA singles rankings. She remains an undefeated 9-0 this season at first singles after grinding out a 7-6, 7-6 win over No. 8 Alle Sanford. Knutson is the highest-ranked player in SU tennis history. The pair of Knutson and Miranda Ramirez rose two spots to No. 17 in doubles after they split their pair of matches. Knutson and Ramirez won 7-5 at Virginia Tech on Friday before losing for the first time this season Sunday, 2-6. SU has one more road game left on its five-game road stand, as the Orange travels to Florida to take on Florida Atlantic. Then, Syracuse heads back to Drumlins Country Club to continue ACC play vs Clemson on Friday, March 16. AdvertisementThis is placeholder text Commentslast_img read more

Beat writers unanimously predict Syracuse loss to Georgia Tech

first_img Published on December 6, 2019 at 5:19 pm Facebook Twitter Google+ After losing three-straight games Syracuse (4-4, 0-1 Atlantic Coast) will play Georgia Tech (4-2, 1-0 ACC) on Saturday at noon. Both teams most recently played in the ACC-Big Ten Challenge, in which Georgia Tech defeated Nebraska and Syraucse lost to Iowa.Below are our beat writer’s predictions on Saturday’s outcome:Nick Alvarez (8-0)I hate you beesGeorgia Tech 68, Syracuse 63Syracuse’s average margin of defeat over the last three games? 16.3. The Orange aren’t just in a skid, they’ve been a bad team shelled in front of three-straight national audiences. A trip to Atlanta won’t bring any reprieve. The Yellow Jackets aren’t as good as Penn State, Iowa or Oklahoma State, but their top-30 defense should be enough to handle a struggling SU offense. Buddy Boeheim and Joe Girard III haven’t shot their way out of slumps and GT allows only 27% of opponent’s 3s to fall (23rd in the nation). When SU inevitably looks inside, it’ll find a team with the eighth-best block percentage (17.1%) in Division I. This isn’t the same Georgia Tech team that’s underperformed in year’s past – expect the Orange’s woes to continue.Michael McCleary (6-2)That stingsGeorgia Tech 73, Syracuse 60AdvertisementThis is placeholder textI’ve been nice to Syracuse in my predictions recently and it’s resulted in me finding myself in last place. If you knew my competition, you’d understand why I’m so upset. We’re up to game nine of the “15 to 20 games” timetable SU head coach Jim Boeheim set for his young team to figure things out. It looks like Syracuse will need some kind of miracle to succeed in the lower end of that timeframe. The Orange are struggling on offense, in the interior and from outside. With two steals a contest, GT’s Khalid Moore measures up as one of the best perimeter defenders in the ACC. James Banks III’s 4.67 blocks per game ranks him as the best shot blocker in the country. Those strong defensive forces aren’t visible in Georgia Tech’s 26th-ranked defensive efficiency, per KenPom. Accounting for those impact defenders, in combination with Michael Devoe’s 23.4 points per game, a bounce back game for Syracuse isn’t likely.Josh Schafer (7-1)Stumbling and bumblingGeorgia Tech 71, Syracuse 62After Syracuse’s loss to Iowa on Tuesday, Jim Boeheim didn’t provide any reason to believe this Syracuse team is going to improve instantly. The Orange can’t currently score at the clip they’ll need in order to compete in the ACC. On Saturday, that struggling offense will meet Georgia Tech’s matchup zone defense that’s allowing the third lowest effective field goal percentage in the country. The Yellow Jackets have two forwards averaging close to a double-double who could be an issue for the Orange in the paint. That’s not even including the offense provided by Michael Devoe, who’s averaging 23.8 points per game. The Yellow Jackets are traditionally a team Syracuse beats in good years, and it’s starting to feel like it won’t be one of those years. Commentslast_img read more

Yusupova and Ramirez to return for 5th years using NCAA eligibility relief

first_img Facebook Twitter Google+ Syracuse tennis announced No. 82 Guzal Yusupova and Miranda Ramirez will return for a fifth season. The announcement comes after the NCAA voted to grant spring athletes an extra year of eligibility due to cancellation of 2020 NCAA spring athletics in response to the spread of COVID-19.After transferring from Washington State, Yusupova played the last two seasons for Syracuse, including spring 2020 as the team’s No. 1 singles player.“I am excited and thankful for the opportunity that our coaches, the Athletic Department, and Syracuse University have given us to fully finish our senior year,” Yusupova said in a post on the team’s twitter. “I can’t wait to see my teammates and coaches and to start practicing again.”Ramirez, a senior captain, was slotted at second singles this season. Prior to Syracuse’s 2020 campaign, Ramirez earned third-team All-ACC honors in 2019 and was also a half of Syracuse’s first All-American doubles team in school history with Gabriela Knutson. Ramirez has won 131 matches in her collegiate career, tied for 13th most in SU program history.“I am incredibly excited for the opportunity to play one more year with my teammates and for the Syracuse family,” she said in a twitter announcement.AdvertisementThis is placeholder textSyracuse finished the 2020 spring season 8-3, including a win over No. 15 Notre Dame. Seven of the eight remaining matches that went unplayed on the schedule were against ranked opponents. Comments Published on April 15, 2020 at 4:10 pm Contact Thomas: tgshults@syr.edu | @ThomasShults5last_img read more