UK’s FCA targets fiduciary management on price, performance

first_imgIt also raised concerns about conflicts of interest when investment managers provide fiduciary management services, and said it was proposing to introduce greater standardisation of price and performance of fiduciary managers.It said the performance and fees of fiduciary managers “appear to be among the most opaque parts of the asset management value chain”.It added: “A lack of publicly available, comparable performance information on fiduciary managers also makes it hard for investors to assess value [for] money.”The FCA’s comments were welcomed by Richard Dowell, head of clients at Cardano, who said the FCA’s plan for better disclosure of fiduciary management performance was “a much needed and positive step”.“Much work has previously been conducted around costs and charges, but little focus has been placed on the transparency of performance,” he said, calling on the FCA to agree a standardised approach to performance measurement.“This will help to ensure trustees can easily and accurately compare, review and select their providers,” he said.James Trask, partner at pensions specialist Lane Clark & Peacock, said the FCA’s concerns about conflicts of interest in fiduciary management came as no surprise.“The conflict is clear,” he said. “In a fiduciary relationship, the consultant is ‘marking his own homework’, as it was put to me recently. Clients really must get independent advice on the performance of their fund manager.”However, he questioned some of the findings and associated recommendations reported by the FCA, such as that consultants are infrequently changed and that there should be compulsory re-tendering of mandates.He also challenged the FCA’s finding that consultants did not help smaller institutional investors negotiate on investment management fees, saying that LCP “frequently negotiate[s] favourable rates to apply across our client base”.Danny Vassiliades, head of investment consulting at actuary and actuarial consultancy Punter Southall, did not address fiduciary management but welcomed the FCA’s attention to competition in the investment consulting sector, suggesting that, to increase competition, the FCA should “consider in more detail ways in which schemes can assess the performance of their consultant and determine whether their fees have been justifiable”. Big player pushback  Some of the largest investment consultancies said they welcomed the FCA’s interim report but also defended their work.Tim Giles, senior partner and head of the UK investment consulting practice at Aon Hewitt, named by the FCA as one of the players dominating a concentrated market alongside Mercer and Willis Towers Watson, suggested the FCA and Aon Hewitt had the same aims and that “[t]herefore, anything that encourages competition to ensure investment advice delivering better outcomes has our wholehearted support”.He acknowledged Aon Hewitt had a large share of the market but said “that is because clients have decided to work with us, as they recognise our size provides the range of services and choice that may not be available elsewhere”.He added: “Our clients choose between us and a wide range of competitors in the market.”On conflicts of interest, Giles said “[all] providers and decision makers in the market have potential conflicts” and that Aon Hewitt “[takes] all possible steps to understand our clients’ needs and to manage our potential conflicts”.He said: “We note that the FCA has not found any evidence of failure to manage potential conflicts.”Ed Francis, EMEA head of investment at Willis Towers Watson, said the company welcomed the FCA’s interim findings but cautioned that “any further regulation” should not impose higher costs on investors.He said advice on portfolio strategy should be regulated “to help trust-based pension funds to get a minimum standard of advice on these matters”, and that this advice could have a bigger impact on a pension scheme’s finances than advice on manager selection.On fiduciary management, Francis said the firm was “acutely aware of the need to provide clients with an unrivalled level of transparency on fees and performance” and that it “fully support[s] transparency, measurement and the reporting of meaningful performance figures for fiduciary managers”.He noted steps taken by Willis Towers Watson to disclose figures showing the performance and track record of mandates run on a fiduciary-management basis, saying that these “clearly demonstrate” the materially positive impact fiduciary management can have on pension scheme’s financial health. Some of the largest investment consultants to UK pension schemes have welcomed efforts by the Financial Conduct Authority (FCA) to encourage competition in the market but also defended themselves in response to concerns raised by the regulator about fiduciary management services.  The regulator today presented the interim findings of its study into the asset management market, as part of which it said it had found concerns about the way the investment consultant market operated.It has provisionally decided that there should be a market investigation into competition in the sector and also called for it to be granted regulatory powers over investment consultants.The regulator said “an in-depth investigation” was required given the potential detriment arising in this part of the value chain, the impact this advice has in determining future returns, the lack of regulatory oversight and the difficulty institutional investors face in assessing this service.last_img read more

Eagles Soccer Team Falls Short To Hilltoppers

first_imgThe Madison Shawe Memorial Hilltoppers defeated The Jac-Cen-Del Eagles 2-1 in Soccer action.For JCD, Blake Simon 1 goal- 3 shots, Ries Troy 4 shots, Shianna Bellingham 2 shots, Conner Hubbard 1 shot, Dustin Meador 1 shot, William Meador 1 shot, Trent Linville 1 shot, and Nathan Baloyut 1/2 shut out.Submitted by JCD Coach Larry Hammond.,The Madison Shawe Memorial Hilltoppers defeated The Jac-Cen-Del Eagles 2-1 in Soccer action.For JCD, Blake Simon 1 goal- 3 shots, Ries Troy 4 shots, Shianna Bellingham 2 shots, Conner Hubbard 1 shot, Dustin Meador 1 shot, William Meador 1 shot, Trent Linville 1 shot, and Nathan Baloyut 1/2 shut out.Submitted by JCD Coach Larry Hammond.last_img read more

RVP’s Dutch double sinks the Saints

first_img Van Persie ghosted onto Jose Fonte’s loose backpass before flicking home Wayne Rooney’s rangy free-kick to seal United’s fifth-straight victory. Graziano Pelle had levelled for Saints with his first goal in six games, but in the all-Dutch managers’ tale of master meets apprentice, artisan Holland striker Van Persie stole the show. Robin van Persie’s brace handed Manchester United a 2-1 victory at Southampton and gave Louis van Gaal first Premier League blood in his 10-year feud with Ronald Koeman. Van Gaal employed Koeman to coach in his Barcelona set-up, but fell out with the former Holland full-back at Ajax in 2004. Koeman’s arrival as first-team coach ruffled Van Gaal as he shifted to technical director at the famous Amsterdam club. The rift was set in 2009 when Van Gaal claimed Koeman was “third choice” to replace him at AZ Alkmaar – his parting shot before heading off to Bayern Munich. Both men played down their mutual dislike in the build-up to Monday’s clash, but the frostiness was clear; no handshake before or after proceedings, no love lost. Koeman bested his former mentor in the tactical stakes, but Fonte’s error and a touch of forward-line class edged United home. Saints cut United apart at will in the match’s middle third, Koeman employing Steven Davis to fine effect in front of the back four. Davis completely overshadowed the ineffective Marouane Fellaini, helping Saints shrug off the injury absences of Morgan Schneiderlin, Toby Alderweireld and Jack Cork. But ominous starts do not come more concerning than gifting a striker of Van Persie’s calibre the opening goal. Saints skipper Fonte’s woefully under-hit backpass cleared the way for the lurking Dutchman, and the 31-year-old calmly slid the ball home, between Fraser Forster’s legs. Just as Saints gave too much respect to champions Manchester City in a 3-0 defeat on the south coast two weeks ago, so Koeman’s men stood also off United. Slowly but surely, however, the hosts realised they boasted by far the greater tactical balance, and finally started to express their true pedigree. Sadio Mane robbed Paddy McNair and shimmied into the box, only to lose control. Pelle flicked round to Tadic on the spin as Saints pressed again, but the chief creator overhit the through-ball. Chris Smalling limped off with a leg problem, replaced by Jonny Evans, with United feeling the pinch. Italy hitman Pelle teed himself up in the area, but was left to bemoan a deflection that handed De Gea a routine save. Saints’ pressure told, though, when target man Pelle delivered after another sustained attack. Fellaini conceded possession all too cheaply to Davis, who raced through the middle and fed Shane Long. The former Hull forward’s cross led Tadic to strike on goal, a deflection ushered Pelle through and he fired the equaliser. Long blasted high and wide in a glorious opening after Mane beat Evans to Tadic’s cross with an acrobatic leap. Van Gaal then hauled McNair off in favour of Ander Herrera, forced into a tactical reshuffle as early as the 39th minute. The shift did little to ease the muddle in United’s midfield, with Fellaini all too often a long-range bystander. Saints burst out of the blocks the brighter for the second half, Long wasting another fine chance when directing a point-blank header straight at De Gea from Tadic’s cross. Tadic turned provider again by sliding a perfectly-weighted pass through to Pelle, only for the big Italian to fire over the bar. Ashley Young produced a timely clearance from Mane’s low curling cross, and United started to settle. And when Rooney whipped in a dangerous far-post free-kick, Van Persie stole round the back and flicked a left-footed volley past Forster. Saints continued to pick United’s system apart, Mane feeding Pelle whose blast forced a solid save from De Gea. But despite the rallies Saints could not force another real opening, and United employed all their nous to sneak to victory. Press Associationlast_img read more

Sport to conduct security reviews after Manchester attack

first_imgSPORTING events and venues in England are conducting major security reviews after 22 people were killed in an attack at Manchester Arena.The Great City Games, an open and free event for the public, is due to take place in Manchester on Friday.A spokesman for the organisers said: “We are awaiting advice from the authorities on these events and will provide an update as soon as possible.”The FA Cup final, EFL play-offs and the PGA Championship are also this week.An eight-year-old girl was among those killed in Monday’s suicide bombing at Manchester Arena, at the end of a concert by U.S. singer Ariana Grande.Manchester United cancelled a news conference yesterday, due to be held prior to their Europa League final in Stockholm today.The club said: “Our thoughts are with the victims and their families at this terribly difficult time.”United’s players held a minute’s silence at training yesterday, and the club closed its megastore, museum, café and stadium tours to the public.A staff event scheduled for today has been cancelled by executive vice-chairman Ed Woodward.Manager Jose Mourinho said: “We are all very sad about the tragic events; we cannot take out of our minds and our hearts the victims and their families.“We have a job to do and we will fly to Sweden to do that job. It is a pity we cannot fly with the happiness that we always have before a big game.“I know, even during my short time here, that the people of Manchester will pull together as one.”Aleksander Ceferin, president of football’s European governing body UEFA, said he was “deeply saddened” and shocked that “so many innocent people lost their lives”.A UEFA statement said there was “currently no specific intelligence” to suggest today’s game could be a target for further attacks.“UEFA has been closely working with local authorities and the Swedish FA for many months and the terrorist risk had been taken into account since the very beginning of the project,” it said.“Furthermore, a number of additional security measures were implemented following the attacks in Stockholm last April.”SPORT TO PAY TRIBUTEThere will be a minute’s silence observed at Headingley before England’s one-day international against South Africa today.Both sets of players will also wear black arm bands during the game as a mark of respect following the attack.The South Africa team have been told there will be extra Police officers on duty at the ground and increased security at team hotels and practice.There will also be a minute’s silence before Saturday’s Scottish Cup final between Celtic and Aberdeen at Hampden Park.The Scottish FA’s Security and Integrity Officer Peter McLaughlin said: “We remain vigilant to the threat posed by global terrorism and are engaged in constant dialogue with colleagues at Police Scotland and the National Counter-Terrorism Security Office.“This ongoing communication and intelligence-sharing is part of our operations protocol for all events at the national stadium, including the forthcoming Scottish Cup final.”FAN SAFETY OF PARAMOUNT IMPORTANCEA number of leading athletes are scheduled to participate at the Great City Games, while a public half marathon and 10km run will be staged in Manchester on Sunday.Wembley hosts Saturday’s FA Cup final between Arsenal and Chelsea, and the League Two and Championship play-off finals on Sunday and Monday respectively.A Football Association spokesperson said: “Fan safety is of paramount importance and we have robust security measures in place at Wembley Stadium.“In collaboration with the Metropolitan Police and the local authorities there will be an enhanced security operation for all upcoming events.“All supporters are encouraged to arrive for events at Wembley Stadium as early as possible for security checks and to avoid any delays in entering the stadium.”The English Football League (EFL) added it “takes security issues extremely seriously” and urged supporters travelling to Wembley to “be vigilant of their surroundings at all times, stay alert and not be alarmed”.The Metropolitan Police says extra armed officers will be deployed at this weekend’s major sports events in London, with a full review of the security and policing operations under way.“Over the coming days as you go to a music venue, go shopping, travel to work or head off to the fantastic sporting events you will see more officers – including armed officers,” said commander Jane Connors.Golf’s BMW PGA Championship starts at Wentworth tomorrow.“As with any major event, security is the highest priority,” said European Tour chief executive Keith Pelley. “It was before Monday night and it remains so.“We’re in constant dialogue with the police and security services. We are comfortable we will react in the right way if in fact we need to significantly increase our security.”Cricket’s Champions Trophy will take place from June 1-18 at venues in Birmingham, London and Cardiff.A statement from the International Cricket Council (ICC) read: “The ICC and ECB (England and Wales Cricket Board) place safety and security at the ICC Champions Trophy and ICC Women’s World Cup this summer as the highest priority.“We operate on advice from our tournament security directorate – in conjunction with the ECB and relevant authorities – to ensure that we have a robust safety and security plan for both tournaments.“We will continue to work with authorities over the coming hours and days and review our security in line with the threat levels.”England one-day captain Eoin Morgan said his team had met their security advisers yesterday morning before today’s match against South Africa at Headingley.Morgan says the team have full confidence in the safety measures in place.“On behalf of the England cricket team, I’d like to offer our thoughts and prayers to everybody in Manchester affected by the tragic events,” said Morgan.“I’d also like to give our support to those in and around things and those most affected and those who helped out and continue to help out.”The domestic rugby union finishes this weekend, but the National Counter Terrorism security office has been in touch with Sale Sharks and every other Aviva Premiership club asking for details of any events planned by them over the next couple of weeks.SOCIAL MEDIA REACTIONEngland Women’s cricketer Danielle Wyatt was at the Ariana Grande concert and said: “Thank you for all messages – I’m safe. Was at the concert enjoying myself like many others – thoughts with victims & families.”Manchester United and Spain goalkeeper David de Gea tweeted: “Much rage, much pain. My condolences to the victims’ family members involved in the atrocious attack to the heart of the city.”Manchester United forward Jesse Lingard said the “beautiful city” of Manchester “will stand together in this dark hour”. Captain Wayne Rooney said he was “devastated” by the news and winger Ashley Young said he was “absolutely shocked”.Former Manchester United defender Rio Ferdinand: “My thoughts and prayers are with all the families and friends affected by last night’s attack in Manchester.” (BBC Sport)last_img read more

The Final Word: Beat writers discuss Syracuse’s 54-23 domination of Louisville

first_img Comments AdvertisementThis is placeholder text Facebook Twitter Google+ Published on November 10, 2018 at 10:32 amcenter_img No. 13 Syracuse (8-2, 5-2 Atlantic Coast) steamrolled past Louisville (2-8, 0-7), 54-23, in the Carrier Dome Friday. The Orange, who already have its highest ranking in a long time, made quick and easy work of the Cardinals and look ahead at a matchup with No. 3 Notre Dame. After four years of Louisville domination, the Cardinals were on the other end of an Orange blowout.Here’s what our beat writers had to say after the game.last_img read more

Leicester City go seven points clear after Southampton win

first_imgLeicester City opened up a seven-point lead at the Premier League summit by overcoming Southampton 1-0 at the King Power Stadium on Saturday.Wes Morgan’s first-half header was enough for Leicester to secure a fifth single-goal victory in their last six top-flight matches, capitalising on second-placed Tottenham’s 1-1 draw at Liverpool on Saturday to extend their advantage at the top.The afternoon started jovially as, on the eve of his birthday, Leicester chairman Vichai Srivaddhanaprabha laid on free doughnuts and beer for the home faithful.But after a positive start, Leicester were soon put on the back foot and were fortunate not to concede a penalty when Danny Simpson appeared to block Sadio Mane’s shot with his arm inside the box, with referee Michael Oliver unmoved.Claudio Ranieri’s side made the most of the reprieve as Morgan’s first Premier League goal of the season ensured they took a lead into half-time.Southampton goalkeeper Fraser Forster produced a pair of impressive saves to stop Jose Fonte putting through his own goal and keep Simpson at bay after the restart, but one goal proved enough for Leicester to take another step towards a maiden top-flight title. Ronald Koeman introduced Cedric and Matt Targett in the wing-back positions as he opted for a three-man defence in a bid to boost Southampton’s chances of retaining possession, but it was unchanged Leicester who seized the initiative in the early exchanges.Christian Fuchs headed wide after Shinji Okazaki flicked on a corner from the right, while an important challenge from Fonte stopped the Japanese striker from diverting a cutback from Jamie Vardy.Unperturbed, Southampton became more adventurous and, after Graziano Pelle steered a header from Cedric’s cross over, they came close to taking the lead just after the half-hour mark.Pelle set Mane through on goal but, having shifted the ball away from Leicester goalkeeper Kasper Schmeichel, his shot was kept out by a last-ditch block from Simpson as legitimate claims he used his arm in the process were ignored by the official.Schmeichel then kept Fonte’s curling strike out of the top corner with a fingertip save, but Leicester responded to the building pressure with the opening goal. Fuchs was given time and space on the left and he used it to pick out Morgan, who towered over Jordy Clasie to divert his header in off the upright in the 38th minute.The second half proved a much tighter affair, with chances initially limited until Fonte inadvertently looped Danny Drinkwater’s pass from the right wing towards his own goal, needing a superb save from backpedalling Forster to keep it out.England international Forster produced another brilliant stop when Simpson connected with Vardy’s clever ball across the face of goal at the back post, but the defender’s shot was placed poorly when he should have given the goalkeeper no chance. Southampton sent Charlie Austin on for his first appearance in more than month due to a hamstring injury as they searched for an equaliser.But Leicester came closest to finding the net before the final whistle when Vardy was denied from an acute angle by the legs of Forster as Ranieri’s side wound down the clock for a seventh clean sheet in their last eight league home games. They now need just four victories to be crowned champions, while Southampton remain seventh after suffering a blow to their European hopes.—last_img read more

Clayton Kershaw takes a rare walk on the wild side in Dodgers’ loss to Marlins

first_imgLOS ANGELES — Corey Seager didn’t have his driver’s license yet. Cody Bellinger hadn’t started high school.So they knew they had seen something unusual – Clayton Kershaw walking six batters in a game.“Yeah, that’s a first for me,” Seager said.“Definitely rare,” Bellinger said. Whicker: Dustin May yet another example of the Dodgers’ eye for pitching “He really didn’t have a feel for the curveball tonight and that fastball command, slider command was sort of in and out for Clayton. But he was one out away from going five scoreless.”Kershaw had stranded eight baserunners in the first four innings and the Marlins were hitless in five at-bats with the bases loaded. But Miguel Rojas ended the bobbing and weaving by Kershaw with a three-run home run in the fifth – after Kershaw had walked back-to-back batters with two outs.REHAB PROGRESSInjured players Justin Turner, Logan Forsythe and Tom Koehler will all go to Arizona and continue their rehabs at Camelback Ranch when the Dodgers leave on their 11-game, 10-day, two-country trip this weekend.Turner has begun taking dry swings (swinging a bat without contacting a baseball), a significant step forward in his recovery from a fractured left wrist suffered on March 19.Forsythe said he tried doing some light throwing at the beginning of this week but there was still discomfort in his right shoulder.“We just tested it out. It didn’t go well,” Forsythe said. “We gave it a couple more days (of rest). It’s already feeling better than it was.”Related Articles Dodgers’ Dave Roberts says baseball’s unwritten rules ‘have changed, should change’ Dodgers’ hot-hitting Corey Seager leaves game with back injury Rare indeed. Kershaw matched his career-high with six walks in five innings of Wednesday’s loss to the Miami Marlins. He hadn’t given out that many free passes in a game since April 7, 2010 in Pittsburgh, the first start in his third big-league season.They came in unusual bunches – back-to-back twice with two outs in the inning – and Kershaw offered no explanation after the game for what caused such uncharacteristic struggles.“I don’t know. I really don’t know,” he said. “The first inning was good. Just didn’t go well from there.”In fact, Kershaw struck out the side on 14 pitches (nine strikes) in the first inning. By the end of the third inning, though, he had matched his previous season total in walks (three) on his way to throwing 85 pitches just to get through four innings.“He just couldn’t get into a rhythm and it seemed like he was laboring his entire outing,” Dodgers manager Dave Roberts said. “Really couldn’t find that rhythm and was just out of sync.center_img Dodgers’ Justin Turner looking rejuvenated on defense Dodgers bench slumping Cody Bellinger for a day Forsythe is expected to start a throwing program this weekend in Arizona, but Roberts acknowledged it could be some time before Forsythe is ready to return. He is eligible to come off the DL at any point now.“For me, he’s got to be able to throw to bases and come back and throw at a high volume. He’s not there yet,” Roberts said.Roberts said he also expects Forsythe to go on a minor-league injury-rehab assignment of no fewer than four or five games before he returns.Koehler, meanwhile, has been cleared to start a throwing program when he gets to Arizona on Friday. The right-hander has been shut down since March 2 when he was diagnosed with an anterior capsule strain in his pitching shoulder.Because he has been unable to throw for eight weeks, Koehler said the throwing program will start from scratch as if he were coming off an offseason without throwing. How long it will take to build up to game readiness from that point is an unknown.“I have a date in my mind. They have a date in theirs,” Koehler said of the Dodgers’ training staff. “They’re not the same. But they’re not that far apart and I’d be happy with either one.”FONT TRADEDTwo days after designating him for assignment, the Dodgers traded right-hander Wilmer Font to the Oakland A’s for Class-A left-hander Logan Salow.The PCL Pitcher of the Year last year with Oklahoma City, Font made the Dodgers’ season-opening bullpen based mainly on the fact that he was out of options. It didn’t go well. Font took two losses in extra-inning games, posted an 11.32 ERA in six appearances and gave up five home runs in 10-1/3 innings.Salow, 23, was Oakland’s sixth-round draft pick out of the University of Kentucky last year. In the Class-A Midwest League this year, Salow has allowed one earned run on one hit and two walks in 5-2/3 innings over four relief appearances while striking out eight.UP NEXTThe Dodgers are off Thursday.Dodgers LHP Hyun-Jin Ryu (3-0, 1.99 ERA) at Giants LHP Derek Holland (0-3, 4.98 ERA), Friday 7:15 p.m., SportsNet LA (where available) Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Retired DuPont Pioneer president and his wife give Drake $5 million

first_imgDES MOINES — A former DuPont Pioneer president and his wife are giving Drake University $5 million.Paul Schickler is a Drake University graduate who began working at Pioneer Hi-Bred in 1974. He served a decade as president of DuPont Pioneer until he retired in 2017. Schickler and his wife, Claudia, are donating $2 million to Drake to address the challenges facing rural America. The Ag Law Center at Drake will take the lead on that initiative.The rest of the couple’s donation will support Bulldog athletics. A million dollars will go to the Drake men’s basketball program and another $2 million from the couple will go to improvements at the Knapp Center where the men’s and women’s basketball teams play.The Knapp Center was built in 1992 and seats more than 7,000. Drake University officials say enhancements to the facility are being developed and details will be released later.last_img read more


first_imgARCADIA, Calif. (Sept. 30, 2016)–In tight quarters at the rail turning for home, veteran Holy Lute proved best in Friday’s second division of the Grade III, $100,000 Eddie D. Stakes under Jamie Theriot, as he negotiated 6 ½ furlongs down Santa Anita’s newly installed hillside turf course in 1:11.23. Trained by Jim Cassidy and owned by Class Racing Stable, the 6-year-old horse by Midnight Lute notched his second win in a row and won with authority over course specialist Boozer.A neck winner of a five furlong turf allowance at Del Mar Aug. 31, Holy Lute was off at 10-1 in a field of 11 three year olds and up and paid $23.40, $9.00 and $7.60.“I knew if this horse had a good break, a clean trip, he’d run well,” said Cassidy. “It was a little awkward at the start, but it turned out very well. More than likely, I’d say the Breeders’ Cup Turf Sprint (Nov. 5 at Santa Anita) is where we’re headed.”In his ninth try over the course, Holy Lute notched his second win to go with four seconds. Holy Lute improved his overall mark to 27-6-6-3 and with the winner’s share of $60,000, he increased his earnings to $507,332.“He ran phenomenal today,” said Theriot. “I told Jim he would run big. I told him I’d be very disappointed if he didn’t, but he did.”Boozer and third place finisher Guns Loaded survived a claim of foul for interference in mid-stretch by the rider of second choice Ohio, with Boozer securing the place by a head.Ridden by Gary Stevens, Boozer was off at 5-1 and paid $6.80 and $4.00.“He ran great, my horse ran great,” said Stevens before it was announced that the stewards ruled there would be no change to the original order of finish.Guns Loaded, the narrow 3-1 favorite with Rafael Bejarano, paid $4.60 to show.Fractions on the race were 21.38, 43.14 and 1:05.31.First post time for a blockbuster 11-race card on Saturday is at 12:30 p.m. –30–last_img read more

Canelo-GGG to MayMac fans: We’ve got a real show for you

first_imgSearch on for 5 Indonesians snatched anew in Lahad Datu MOST READ Ray Allen visits Manila Loeffler and De La Hoya are both grateful that most casual sports fans seemed to enjoy Mayweather’s 10th-round stoppage victory: The unusual fight appeared to be competitive, and it largely entertained people who don’t watch every big fight.And if those casual fans now want to see the best that boxing has to offer, De La Hoya and Loeffler are selling Mexico’s biggest star against an unbeaten Kazakh knockout artist for four middleweight title belts.“I’m glad that so many people bought the fight so they can see what boxing is all about, and what boxing is all about is September 16th with Canelo and Triple G,” De La Hoya said.De La Hoya sent out a furious, profane tweet to his 1.8 million followers one day before the bout, declaring that Mayweather and McGregor were “disrespecting the sport of boxing.” De La Hoya didn’t back down from that opinion during public workouts in downtown Los Angeles for Alvarez and Golovkin, who attracted well over 1,000 fans standing in 90-degree downtown Los Angeles heat for four hours.“Only Mayweather knows, why it lasted 10 rounds,” said De La Hoya, who lost a close fight to Mayweather in 2007. “Obviously, Mayweather is not the biggest puncher in the game. If there was a Canelo in there, obviously it would last one round.”ADVERTISEMENT Police seize P68-M worth of ‘shabu’ in Pasay Golovkin said he might watch the replay of Mayweather-McGregor this week, but didn’t seem terribly interested. Alvarez, who took his only career defeat against Mayweather in 2013, said he ordered the pay-per-view, but “to see a show, not a fight. I knew what I was getting.”“We weren’t negative on that event,” Loeffler added. “We just made it clear that this is the real boxing match, and that was a spectacle. It was the most popular MMA fighter against the most popular boxer. … You shouldn’t sell it as a real, competitive fight. But we were happy that it wasn’t a disaster to where people would be down on buying this fight.”Although Loeffler praises McGregor’s showmanship and MMA skills, he likened the matchup to Muhammad Ali’s infamous 1976 fight with Japanese pro wrestler Antonio Inoki.“It was really more of an exhibition,” Loeffler said. “It wasn’t really a boxing match.”But don’t mistake Loeffler for an Oscar-style hater. He thinks the long-term benefits of that short-term curiosity outweigh the drawbacks.“The more boxing exposure we can get for the sport in general, the more fights that can be made,” Loeffler said. “It brought (boxing) to the mainstream. It got a lot of attention that many other events never have a chance of getting. But I really think (Alvarez-Golovkin) is the highlight of boxing for this year.”Sports Related Videospowered by AdSparcRead Next Boxer Canelo Alvarez works out as he hosts an open-to-the-public media workout at L.A. LIVE in Los Angeles on Monday, Aug. 28, 2017. Canelo Alvarez vs. Gennady “GGG” Golovkin is a 12-round box fight for the middleweight championship of the world presented by Golden Boy Promotions and GGG Promotions. The event will take place Saturday, Sept. 16, 2017, at T-Mobile Arena in Las Vegas. (AP Photo/Damian Dovarganes)LOS ANGELES — Oscar De La Hoya had no desire to watch Floyd Mayweather Jr.’s victory over Conor McGregor last weekend. Neither did middleweight champion Gennady Golovkin, who smirked at the idea of taking the time away from his family.“I just thought it was a fraud, and I still think it’s a fraud,” De La Hoya said Monday.ADVERTISEMENT View comments Don’t miss out on the latest news and information. Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement PLAY LIST 00:44Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement01:49Pacquiao to Mayweather: Want fans to stop asking for rematch? Then fight me again02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Hotdog’s Dennis Garcia dies Britain’s Prince Harry and Meghan Markle to give up royal titles Britain’s Prince Harry and Meghan Markle to give up royal titles Marcosian mode: Duterte threatens to arrest water execs ‘one night’ But now that Mayweather’s farewell victory over the UFC champion went off without a major embarrassment for boxing, De La Hoya and fellow promoter Tom Loeffler hope their upcoming megafight between Saul Alvarez and Golovkin will be carried to new heights by a surge of interest created by the spectacle of the summer.If you liked Floyd and Conor, they think you’re going to love Canelo and Triple G.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Golovkin meets Alvarez on Sept. 16 in the same Las Vegas arena where Mayweather stopped McGregor in the 10th round last Saturday. The result was no surprise to De La Hoya, who promotes Alvarez, or to Loeffler, who guides Golovkin’s career.“We were all pretty convinced that Floyd would win,” Loeffler said. “We were just hoping that it wouldn’t be a disaster where people were going to say, ‘We’re never going to buy another pay-per-view.’” Bishop Baylon encourages faithful in Albay to help Taal evacuees LATEST STORIES National Historical team rescues Amorsolos, artifacts from Taal Jake says relationship with Shaina ‘goes beyond physical attraction’last_img read more