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Canada's Olympic champion women's soccer team wants to see investment in the game –



Members of Canada’s women’s soccer team believe their gold medal will inspire future generations of young girls to play the game, perhaps even with the prospect of playing professionally at home.

Kadeisha Buchanan, Ashley Lawrence and Adriana Leon were at Toronto’s BMO Field on Tuesday to show off the gold medals they won at the Tokyo Olympics after the team defeated Sweden in the women’s soccer final.

Buchanan echoed teammates Christine Sinclair and Stephanie Labbe when it comes to translating that success into a professional team at home. She said she hopes “something big” will come soon for women’s soccer in Canada, given the growing number of people watching women on the field.

“The momentum for women’s soccer is building and I think it’s at its peak so hopefully with all that goodness that we can push forward and hopefully have a women’s team in Canada,” she said. “That’s the goal.

“I would love to play at home. Doesn’t matter [if it’s] in Toronto, Vancouver, anywhere. Just to be [on] home soil and to have friends and family come to see me play. That would be very great.”

‘It’s time for that to change’

Canada does not have a professional women’s soccer league, or a team in the U.S.-based National Women’s Soccer League.

“I think we’re the only country ranked in the top 10 to not have some sort of professional environment for their players to play in,” Sinclair said Tuesday in a video conference from Portland, Ore., where she plays with the NWSL’s Thorns. “It’s time for that to change, and we’re hoping this platform will give us the opportunity to start that change.”

Canada Soccer president Nick Bontis said at Tuesday’s availability that the gold-medal win proves investing in women’s soccer is worthwhile.

“The gold medal was perfect because that’s what we needed in inciting action to get past what COVID did to us in the pandemic and to now create a resurgence for investors to realize the return on investment that they can get out of women’s soccer,” he said.

The Canadians stated going into the Tokyo Olympics that their goal was to change the colour of their medal after they earned bronze at both the 2012 and 2016 Games.

Leon said that after being injured in March and having surgery on her foot, she was pushing through rehab the last few months to be ready for Tokyo. She said winning Olympic gold after all that hard work meant the world to her.

“It’s such an honour to bring this [medal] back home to Canada. It was just such an amazing experience to be in Japan for the last couple months and we created memories that we’ll never forget. This medal’s incredible so it’s going to have to go somewhere very safe.”

Meaning behind gold medal

Reflecting back on how far she has come, Buchanan said she believes the medal means “dream big” and to never give up on goals.

“To be on that podium and to hear that anthem at the end, all the emotion just came to me so it means everything and you just got to find a way to keep pushing,” she said, noting she would be wearing her medal out as much as she can.

Lawrence said watching the women’s team play at the 2012 Olympics in England made her want to play for Canada. Fast forward nine years and she has won gold as a player for the same team.

“Being able to get this gold medal, it just makes me think of my family, friends, all Canadians that were watching, that were tuning in, but especially the next generation,” she said. “The young people that were looking up to us, (we’re) just hoping to inspire them like we were inspired when we were young. I hope that it’s that catalyst effect.”

Lawrence and Buchanan grew up together, and said that being on the field side by side while playing for Canada and winning gold was something they both cherished.

“I just remember there were so many games where towards the end, whether we were down, we would just kind of give each other that look and we knew it’s time to turn it on,” said Lawrence.

“And then the next game, she’s pushing me to set up a goal or score a goal so I just think that from early on, we’ve held each other to such a high standard.”

Buchanan said it felt “unreal” to be on the podium with Lawrence.

“I remember talking to [Lawrence], ‘This is our time to win for each other, and let’s just push each other to be the best that we can be for ourselves and for the team and grind out that win, each and every game.”‘

A celebration tour for the team is expected to be announced in the coming weeks. No dates or locations have been set.

WATCH | Sinclair, Labbe on what winning gold means for soccer in Canada:

Christine Sinclair, Stephanie Labbé on winning Olympic gold

2 days ago

Canadian soccer stars Christine Sinclair and Stephanie Labbé talk to Ian Hanomansing about their gold-medal win in Tokyo and what it means for the sport. 6:37

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Not gold or bank FD, Jefferies finds this asset as top investment by Indians | Mint – Mint



Amid soaring inflation and slowdown worries, investors are busy finding out save haven for their money. While some are batting in favour of gold, some investors are favouring debt instruments for short term like bank fixed deposits (FDs) and other deposits. But, if we go by the Jefferies findings, around half of the Indian household savings in March 2022 has been invested in real estate properties whereas bank deposits and gold are distant second and third most preferred asset investment options among Indian households.

As per the Jefferies findings, out of $ 10.7 trillion Indian households assets in March 2022, whopping 49.4 per cent have been invested in real estate properties whereas 15.10 per cent went to band deposits 15 per cent of the Indian households savings were invested in gold. Impact of Covid-19 pandemic was also visible in this Jefferies report as Indian households invested 6.20 per cent of their net savings in insurance funds and it was fourth most preferred investment option by Indians.

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Photo: Courtesy Jefferies

Provident funds and pension is at 5th spot after receiving 5.70 per cent of $10.70 trillion Indian households savings in March 2022. Despite heavy FIIs selling at Indian equity markets, DIIs have remained net buyers since October 2021. However, in Jefferies report, equities has received 4.80 per cent of the net Indian households savings in March 2022 and it is 6th most preferred investment option among Indians. As Indian households has a habit of keeping some part of its savings in liquid form. 

Jefferies report has a mention about it as well. As per the Jefferies findings, 3.50 per cent of the net Indian households savings in this period has gone to cash or liquid segment and it an obvious least preferred option among the Indian households.

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HomeFirst Home Healthcare secures investment from Fulcrum – PE Hub



Harpeth Ventures also participated in the investment.

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Stone Investment Group Provides Update to Closing of Transaction With Starlight Capital – Yahoo Finance



Stone Investment Group Limited

TORONTO, June 23, 2022 (GLOBE NEWSWIRE) — On June 22, 2022, Starlight Capital Investments LP (“Starlight Capital“) issued a press release announcing that as of yesterday’s date, Stone Investment Group Limited (“SIG” or the “Corporation“) had not yet satisfied the closing condition (the “AUM Condition“) to maintain a minimum of $630 million of assets under management (“AUM“) in its public mutual funds (the “Stone Funds“) and managed accounts as required pursuant to the arrangement agreement dated April 7, 2022 between SIG, Starlight Capital, Stone-SIG Acquisition Limited, 13613429 Canada Inc., and 13909841 Canada Inc., as amended May 6, 2022 (the “Arrangement Agreement“). Starlight Capital went on to state that if the AUM Condition is not satisfied prior to June 30, 2022, it does not currently intend to complete the transactions pursuant to the Arrangement Agreement unless at least 10,500 of Stone’s outstanding 9.0% senior unsecured debentures (the “Debentures“) are irrevocably deposited by 5:00 pm on June 24, 2022 to the offer launched on November 29, 2021, as amended, by Stone-SIG Acquisition Limited for $800 per Debenture (as amended on December 15, 21, 22 and 27, 2021, and January 28, March 31 and May 19, 2022, the “Stone Offer“).

As the Corporation has previously announced, the Stone Offer remains open for acceptance until June 30, 2022.

The Corporation wishes to clarify that the decline in AUM is a function of the sharp decline in global capital markets over recent weeks and is not a reflection of the relative performance of the Stone Funds and managed accounts. Stone Asset Management Limited, portfolio manager of the Stone Funds and managed accounts, together with all of the subadvisors, remain confident that the investment portfolios are being managed appropriately in the circumstances.

Richard Stone, President and CEO of the Corporation, said: “Everyone knows the global capital markets are in a period of precipitous decline. When we signed the Arrangement Agreement on April 7, we were comfortably over the AUM threshold. It is unfortunate that the collapse of the global markets began just weeks before our scheduled closing date. Given the timeline for approval from shareholders, the court and the regulators, there was nothing we could do to accelerate the transactions. Despite this challenge, the firm, its managers and subadvisors remain steadfastly dedicated to the best interests of the investors in the Stone Funds and our managed account clients. While the circumstances are certainly less than ideal at the moment, we remain optimistic that the transaction with Starlight Capital will be completed and we continue to work toward merging our operations. We are doing everything we can to get this done.”

To demonstrate his own commitment to completing the transaction, Mr. Stone has executed and delivered a letter of transmittal to deposit under the Stone Offer all 728 Debentures that he beneficially owns, subject to acceptance in conjunction with the closing of the transactions pursuant to the Arrangement Agreement. He added: “I firmly believe that this is the right transaction for the company. I am prepared to do what I can to see it through to successful completion.”

In addition to Mr. Stone’s Debentures, the Corporation has also received a firm commitment for the deposit of a further 336 Debentures on the same terms as Mr. Stone’s deposit. Management and the board are hopeful that other Debentureholders, particularly significant Debentureholders, will support the transaction and follow Mr. Stone in depositing additional Debentures to the Stone Offer.

About Stone Investment Group Limited

The Corporation is an independent wealth management Corporation. The Corporation, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:

Stone Investment Group Limited
Richard Stone
Chief Executive Officer
416 867 2525

Disclaimer for Forward-Looking Information

Certain information contained in this press release may contain forward-looking statements within the meaning of applicable securities laws. The use of any of the words “continue”, “plan”, “propose”, “would”, “will”, “believe”, “expect”, “position”, “anticipate”, “improve”, “enhance” and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this document contains forward-looking statements concerning: the acquisition of the Corporation by Starlight Capital; the completion of the transactions contemplated in the Arrangement Agreement, the Debentures, the Stone Offer, whether further Debentures will be tendered to the Stone Offer, whether the AUM Condition will be satisfied under the Arrangement Agreement and whether Starlight Capital will complete the transactions contemplated under the Arrangement Agreement.

Forward-looking statements necessarily involve risks, including, without limitation, risks associated with the ability of the parties to the Arrangement Agreement to satisfy their closing conditions, general business, economic and social uncertainties; the ability of the Corporation to continue as a going concern; the ability of the Corporation to continue to realize its assets and discharge its liabilities and commitments; the Corporation’s future liquidity position, and access to capital, to fund ongoing operations and obligations (including debt obligations); the ability of the Corporation to stabilize its business and financial condition; the ability of the Corporation to implement and successfully achieve its business priorities; the ability of the Corporation to comply with its contractual obligations, including, without limitation, its obligations under debt arrangements; the general regulatory environment in which the Corporation operates; the tax treatment of the Corporation and the materiality of any legal and regulatory proceedings; the general economic, financial, market and political conditions impacting the industry and markets in which the Corporation operates; the ability of the Corporation to sustain or increase profitability, fund its operations with existing capital and/or raise additional capital to fund its operations; the ability of the Corporation to generate sufficient cash flow from operations; the impact of competition; the ability of the Corporation to obtain and retain qualified staff, equipment and services in a timely and efficient manner (particularly in light of the Corporation’s efforts to restructure its debt obligations); and the ability of the Corporation to retain members of the senior management team, including but not limited to, the officers of the Corporation.

Events or circumstances may cause actual results to differ materially from those predicted, as a result of the risk factors set out and other known and unknown risks, uncertainties, and other factors, many of which are beyond the control of SIG. In addition, forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect and which have been used to develop such statements and information in order to provide stakeholders with a more complete perspective on SIG’s future operations. Such information may prove to be incorrect and readers are cautioned that the information may not be appropriate for other purposes. Although the Corporation believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Corporation can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the impact of competition and the general stability of the economic and political environment in which SIG operates. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Furthermore, the forward-looking statements contained herein are made as at the date hereof and SIG does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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