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BURLINGTON, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, announced today that Shira Goodman, former Chief Executive Officer of Staples, Inc., is joining its Board of Directors and its Audit Committee effective January 1, 2025. John Mahoney, Chairman of the Board, stated, "We are very pleased to welcome Shira to our Board as a highly accomplished business leader with considerable public company board experience. I believe that she will enhance the depth and strength of our Board as it continues to oversee the Company's continued strategic growth.” Michael O'Sullivan, Chief Executive Officer, stated, "We are very excited to have Shira as a Board member. She has almost three decades of experience in the retail industry, and her perspectives and expertise will benefit us as we continue to execute on the Burlington 2.0 strategy and aim to drive sales and earnings growth in the years ahead.” Ms. Goodman added, "I am excited to join Burlington's Board and work with the leadership team. I believe the Company is well positioned for continued growth and I am eager to contribute to the Company's continued success.” About Shira Goodman Ms. Goodman has served as an Advisory Director to Charlesbank Capital Partners, a private equity firm, since January 2019. She previously served as the Chief Executive Officer of Staples, Inc. from September 2016 to January 2018. Ms. Goodman served in roles with increasing responsibility at Staples since joining the company in 1992, including President and Interim Chief Executive Officer from June 2016 to September 2016, President, North American Operations from January 2016 to June 2016, and President, North American Commercial from February 2014 to June 2016. Prior to that, she served as Executive Vice President of Global Growth from February 2012 to February 2014, Executive Vice President of Human Resources from March 2009 to February 2012, Executive Vice President of Marketing from May 2001 to March 2009, and in various other management positions. Prior to Staples, Ms. Goodman worked at Bain & Company from 1986 to 1992, in project design, client relationships and case team management. She currently serves on the board of directors of CarMax, Inc. and CBRE Group, Inc., and previously served on the board of directors of Henry Schein, Inc., Staples, Inc. and The Stride Rite Corporation. About Burlington Stores, Inc. Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2023 net sales of $9.7 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol "BURL.” The Company operated 1,103 stores as of the end of the third quarter of Fiscal 2024, in 46 states, Washington D.C. and Puerto Rico, principally under the name Burlington Stores. The Company's stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. For more information about the Company, visit www.burlington.com . Investor Relations Contacts: David J. Glick Daniel Delrosario 855-973-8445 [email protected] Allison Malkin ICR, Inc. 203-682-8225 Safe Harbor for Forward-Looking and Cautionary Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this release are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We do not undertake to publicly update or revise our forward-looking statements, except as required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those we expected, including general economic conditions, such as inflation, and the domestic and international political situation and the related impact on consumer confidence and spending; competitive factors, including the scale and potential consolidation of some of our competitors, rise of e-commerce spending, pricing and promotional activities of major competitors, and an increase in competition within the markets in which we compete; seasonal fluctuations in our net sales, operating income and inventory levels; the reduction in traffic to, or the closing of, the other destination retailers in the shopping areas where our stores are located; our ability to identify changing consumer preferences and demand; our ability to meet our environmental, social or governance ("ESG”) goals or otherwise expectations of our stakeholders with respect to ESG matters; extreme and/or unseasonable weather conditions caused by climate change or otherwise adversely impacting demand; effects of public health crises, epidemics or pandemics; our ability to sustain our growth plans or successfully implement our long-range strategic plans; our ability to execute our opportunistic buying and inventory management process; our ability to optimize our existing stores or maintain favorable lease terms; the availability, selection and purchasing of attractive brand name merchandise on favorable terms; our ability to attract, train and retain quality employees and temporary personnel in sufficient numbers; labor costs and our ability to manage a large workforce; the solvency of parties with whom we do business and their willingness to perform their obligations to us; import risks, including tax and trade policies, tariffs and government regulations; disruption in our distribution network; our ability to protect our protect our information systems against service interruption, misappropriation of data, breaches of security, or other cyber-related attacks; risks related to the methods of payment we accept; the success of our advertising and marketing programs in generating sufficient levels of customer traffic and awareness; damage to our corporate reputation or brand; impact of potential loss of executives or other key personnel; our ability to comply with existing and changing laws, rules, regulations and local codes; lack of or insufficient insurance coverage; issues with merchandise safety and shrinkage; our ability to comply with increasingly rigorous privacy and data security regulations; impact of legal and regulatory proceedings relating to us; use of social media by us or by third parties our direction in violation of applicable laws and regulations; our ability to generate sufficient cash to fund our operations and service our debt obligations; our ability to comply with covenants in our debt agreements; the consequences of the possible conversion of our convertible notes; our reliance on dividends, distributions and other payments, advance and transfers of funds from our subsidiaries to meet our obligations; the volatility of our stock price; the impact of the anti-takeover provisions in our governing documents; impact of potential shareholder activism; and each of the factors that may be described from time to time in our filings with the U.S. Securities and Exchange Commission, including under the heading "Risk Factors” in our most recent Annual Report on Form 10-K. For each of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.
BEIRUT (AP) — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the gates of the capital and that government forces had abandoned the central city of Homs. The government was forced to deny rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus, the capital, and Syria’s coastal provinces of Latakia and Tartus — the Syrian leader’s base of support and home to a Russian strategic naval base. The pro-government Sham FM news outlet reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The insurgency announced later Saturday that it had taken over Homs. The city's capture is a major victory for the rebels, who have already seized the cities of Aleppo and Hama , as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said rebel control of Homs would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. For the first time in the country’s long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. The rapid rebel gains, coupled with the lack of support from Assad's erstwhile allies, posed the most serious threat to his rule since the start of the war. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels “sorry for the Syrian people.” In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Syria’s state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia, is busy with its war in Ukraine . Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. In a statement issued late Saturday, the participants affirmed their support for a political solution to the Syrian crisis “that would lead to the end of military activity and protect civilians.” They also agreed on the importance of strengthening international efforts to increase aid to the Syrian people. Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. Syrian Observatory said government troops have withdrawn from much of the two southern provinces. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists." The army said it was setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria; Qassim Abdul-Zahra in Baghdad; Josef Federman and Victoria Eastwood in Doha, Qatar; and Ellen Knickmeyer in Washington contributed to this report.Clintons urge voters agitated by today's politics to remain involved in public service
The Nasdaq Composite has been on fire over the past couple of years, driven higher by the advent of artificial intelligence (AI), improving economic conditions, an uncontested election, and the Federal Reserve Bank's recent moves to cut interest rates. After returning 43% in 2023, the tech-centric index is up roughly 30% in 2024. History suggests the rally will likely continue into 2025. The current bull market began on Oct. 12, 2022, and while every rally is different, history can provide important context. Bull markets last more than five years, on average. Since the current rally just entered its third year, there's a strong likelihood the Nasdaq will continue to gain ground next year. It's also worth noting that the Nasdaq has generated gains 73% of the time, dating back 53 years, so history is on the side of investors. Finally, the Nasdaq has jumped 12%, on average, in years following positive gains, which suggests there's additional upside ahead. Furthermore, there's been a resurgence in the popularity of stock splits over the past few years. As a result, investors are taking a renewed interest in companies that split their shares, as this is historically preceded by years of robust sales and profit growth. One such company is Nvidia ( NVDA -1.81% ) . The stock has gained 26,920% over the past decade (as of this writing), prompting management to initiate a 10-for-1 stock split earlier this year -- after a 4-for-1 split in 2021. Despite its recent run-up, there's reason to believe that Nvidia's growth spurt will continue into 2025. Read on to find out why. Underpinning the AI revolution The adoption of generative AI has spread like wildfire over the past two years as businesses are eager to share in the productivity increases promised by these advanced algorithms. Generative AI has proven adept at drafting and summarizing emails, searching and abbreviating content, mining data, generating original content, and writing computer code -- and new applications are being discovered every day. Automating and streamlining tasks saves users time and money, driving new users to adopt AI. Nvidia pioneered the graphics processing units (GPUs) that make this all possible. These specialized chips provide the sheer number-crunching capability that brought AI to life. The secret lies in parallel processing or breaking up computer-intensive jobs into smaller, more manageable bits. Nvidia first developed these chips to render lifelike images in video games but soon discovered other applications for this breakthrough technology, including data centers, high-performance computing (HPC), and machine learning -- an earlier branch of AI. The vast majority of AI processing is done in the cloud and in data centers, another factor that directly benefits Nvidia. The company controls as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. As evidenced by its entrenched position, Nvidia has become the gold standard for AI processing. There's always talk of ramping up competition, but thus far, Nvidia remains the king of the hill. Paint by numbers To understand the magnitude of Nvidia's rise, a look at its financial results is in order. After generating triple-digit sales and profit gains last year, the company's impressive win streak continues. During its fiscal 2025 third quarter (ended Oct. 27), Nvidia delivered record revenue of $35.1 billion, up 94% year over year. It also delivered earnings per share (EPS) of $0.78, up 111%. For context, the company generated more sales in one quarter than it produced for all of fiscal 2022. The biggest contributor to its success was the company's data center segment, which includes cloud computing, data center, and AI chips, and grew 112% year over year to $30.8 billion. Wall Street expects Nvidia's growth streak to continue. For its fiscal 2026 (which begins in late January), consensus estimates are calling for revenue of $195 billion, which would represent a year-over-year increase of 51%. However, the highest estimate clocks in at more than $269 billion, which would represent growth of more than 100%. Wall Street is notorious for underestimating Nvidia's growth, so the reality is likely somewhere in between. The future's so bright, I gotta wear shades Nvidia will begin shipping its next-generation Blackwell platform later this year, and by all accounts, the company has another market leader on its hands. Bank of America analyst Vivek Arya contends that investors continue to underestimate the magnitude of the demand for Blackwell, which he believes will be outselling Nvidia's Hopper chips within two to three quarters. There's also a big disconnect between Nvidia's addressable market and how investors perceive it: The analyst goes on to say that Nvidia bundles its software with these myriad systems. All these opportunities, taken together, help illustrate why Nvidia's addressable market continues to expand. Yet, for all that opportunity -- and despite its 183% gains so far this year -- Nvidia is still attractively priced. Wall Street believes Nvidia will generate EPS of $4.42 in fiscal 2026 (which begins in January). That means the stock is currently selling for roughly 32 times forward earnings (as of this writing), which is remarkably cheap in light of the opportunity. If I could buy just one stock-split stock heading into 2025, it would have to be Nvidia.
Could comeback spark winning streak for West Virginia or NCCU?'Ignore the Scrooges, get Christmas started early to distract us from World War Three'Violent showdown in Pakistan's capital pits government against Imran Khan supporters
By Suleiman Al-Khalidi and Timour Azhari AMMAN/BEIRUT (Reuters) -Syrian President Bashar al-Assad boarded a plane and left Damascus for an unknown destination on Sunday, two senior army officers told Reuters, as rebels said they had entered the capital with no sign of army deployments. "We celebrate with the Syrian people the news of freeing our prisoners and releasing their chains and announcing the end of the era of injustice in Sednaya prison," said the rebels. Sednaya is a large military prison on the outskirts Damascus where the Syrian government detained thousands. Just hours earlier, rebels announced they had gained full control of the key city of Homs after only a day of fighting, leaving Assad's 24-year rule dangling by a thread. Intense sounds of shooting were heard in the centre of the Damascus, two residents said on Sunday, although it was not immediately clear what the source of the shooting was. In rural areas southwest of the capital, local youths and former rebels took advantage of the loss of authority to come to the streets in acts of defiance against the Assad family's authoritarian rule. Thousands of Homs residents poured onto the streets after the army withdrew from the central city, dancing and chanting "Assad is gone, Homs is free" and "Long live Syria and down with Bashar al-Assad". Rebels fired into the air in celebration, and youths tore down posters of the Syrian president, whose territorial control has collapsed in a dizzying week-long retreat by the military. The fall of Homs gives the insurgents control over Syria's strategic heartland and a key highway crossroads, severing Damascus from the coastal region that is the stronghold of Assad's Alawite sect and where his Russian allies have a naval base and air base. Homs' capture is also a powerful symbol of the rebel movement's dramatic comeback in the 13-year-old conflict. Swathes of Homs were destroyed by gruelling siege warfare between the rebels and the army years ago. The fighting ground down the insurgents, who were forced out. Hayat Tahrir al-Sham commander Abu Mohammed al-Golani, the main rebel leader, called the capture of Homs a historic moment and urged fighters not to harm "those who drop their arms". Rebels freed thousands of detainees from the city prison. Security forces left in haste after burning their documents. Residents of numerous Damascus districts turned out to protest Assad on Saturday evening, and security forces were either unwilling or unable to clamp down. Syrian rebel commander Hassan Abdul Ghani said in a statement early Sunday that operations were ongoing to "completely liberate" the countryside around Damascus and rebel forces were looking toward the capital. In one suburb, a statue of Assad's father, the late President Hafez al-Assad, was toppled and torn apart. The Syrian army said it was reinforcing around Damascus, and state television reported on Saturday that Assad remained in the city. Outside the city, rebels swept across the entire southwest over 24 hours and established control. EXISTENTIAL THREAT TO ASSAD RULE The fall of Homs and threat to the capital pose an immediate existential danger to the Assad dynasty's five-decade reign over Syria and the continued influence there of its main regional backer, Iran. The pace of events has stunned Arab capitals and raised fears of a new wave of regional instability. Qatar, Saudi Arabia, Jordan, Egypt, Iraq, Iran, Turkey and Russia issued a joint statement saying the crisis was a dangerous development and calling for a political solution. But there was no indication they agreed on any concrete steps, with the situation inside Syria changing by the hour. Syria's civil war, which erupted in 2011 as an uprising against Assad's rule, dragged in big outside powers, created space for jihadist militants to plot attacks around the world and sent millions of refugees into neighbouring states. Hayat Tahrir al-Sham, the strongest rebel group, is the former al Qaeda affiliate in Syria regarded by the U.S. and others as a terrorist organisation, and many Syrians remain fearful it will impose draconian Islamist rule. Golani has tried to reassure minorities that he will not interfere with them and the international community that he opposes Islamist attacks abroad. In Aleppo, which the rebels captured a week ago, there have not been reports of reprisals. When asked on Saturday whether he believed Golani, Russian Foreign Minister Sergei Lavrov replied, "The proof of the pudding is in the eating". Lebanon's Iran-backed Hezbollah group withdrew from the Syrian city of Qusayr on the border with Lebanon before rebel forces seized it, Syrian army sources said on Sunday. At least 150 armoured vehicles carrying hundreds of Hezbollah fighters left the city, long a point on the route for arms transfers and fighters moving in and out of Syria, the sources said. Israel hit one of the convoys as it was departing, one source said. ALLIES' ROLE IN SUPPORTING ASSAD Assad long relied on allies to subdue the rebels. Russian warplanes conducted bombing while Iran sent allied forces including Hezbollah and Iraqi militia to reinforce the Syrian military and storm insurgent strongholds. But Russia has been focused on the war in Ukraine since 2022 and Hezbollah has suffered big losses in its own gruelling war with Israel, significantly limiting its ability or that of Iran to bolster Assad. U.S. President-elect Donald Trump has said the U.S. should not be involved in the conflict and should "let it play out". (Reporting by Suleiman al-Khalidi in Damascus, Timour Azhari in Beirut, Jaidaa Taha in Cairo, Phil Stewart and Idrees Ali in Washington; Writing by Angus McDowall and Matt Spetalnick; Editing by Cynthia Osterman and Michael Perry)A man has been flown to hospital after a horse-riding incident in a Hunter Valley paddock on Saturday evening. Login or signup to continue reading Just before 6.45pm on Saturday, December 7, NSW Ambulance was called to reports of a horse-riding accident at a paddock on Talga Road, Lovedale. The man in his 50s was treated by paramedics and Westpac Rescue Helicopter's critical care medical team for shoulder and suspected spinal injuries before being airlifted to John Hunter Hospital. A NSW Ambulance spokesperson said they had six units at the scene, including a rescue vehicle and a few ambulances. Around 7pm, they called in a Westpac Rescue Helicopter. According to emergency services, the man was wearing a helmet when he fell and arrived at the hospital around 8.30pm. NSW Ambulance said the team had to walk a fair distance to reach the man, and it was a somewhat difficult rescue given the distance from the road. DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. 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DALLAS (AP) — Juan Soto gets free use of a luxury suite and up to four premium tickets behind home plate for regular-season and postseason New York Mets home games as part of his record $765 million, 15-year contract that was finalized Wednesday. The Mets also agreed to provide personal team security for the All-Star outfielder and his family at the team’s expense for all spring training and regular-season home and road games, according to details of the agreement obtained by The Associated Press. Major League Baseball teams usually provide security for player families in seating areas at ballparks. New York also agreed to assist Soto’s family for in-season travel arrangements, guaranteed Soto will have uniform No. 22 and included eight types of award bonuses. Soto wore No. 22 with all his previous major league teams: the Nationals, Padres and Yankees. Young third baseman Brett Baty wore No. 22 with the Mets the past three seasons. The Mets will formally introduce Soto in a news conference Thursday afternoon at Citi Field. “This is a seminal moment in franchise history,” owners Steve and Alex Cohen said in a statement. “Juan Soto is a generational talent. He is not only bringing staggering historical statistics with him but also a championship pedigree.” RELATED COVERAGE Pitchers dominate Rule 5 draft, comprising 11 of 15 unprotected players picked in big league phase Shane Bieber says bonds led to re-signing with Guardians after he missed ’24 following elbow surgery All-Star left-hander Garrett Crochet acquired by Red Sox from White Sox for prospects Soto’s suite will be valued at the Mets’ prevailing prices, presumably for tax purposes, and after 2025 he can by each Jan. 15 modify or give up his suite selection for the upcoming season. He can request the premium tickets, to be used by family members, no later than 72 hours before the scheduled game time. The Yankees had refused to offer Soto a free suite. “Some high-end players that make a lot of money for us, if they want suites they buy them ... whether it’s CC (Sabathia), whether it’s (Aaron) Judge, whether it’s (Gerrit) Cole, whether it’s any of these guys,” general manager Brian Cashman said. “We’ve gone through a process on previous negotiations where asks might have happened and this is what we did and we’re going to honor those, so no regrets there.” Cashman said the Yankees have a shared suite for player families and a family room with babysitting. Soto gets a $75 million signing bonus, payable within 60 days of the agreement’s approval by the commissioner’s office. The deal for the 26-year-old slugger, which tops Shohei Ohtani’s $700 million, 10-year contract with the Dodgers, was reached Sunday pending a physical that took place Tuesday. Soto receives salaries of $46,875,000 each in 2025 and 2026, $42.5 million in 2027, $46,875,000 apiece in 2028 and 2029 and $46 million in each of the final 10 seasons. Soto has a contingent right to opt out of the agreement after the 2029 World Series to become a free agent again. But the Mets have an option to negate that opt-out provision by increasing the yearly salaries for 2030-39 by $4 million annually to $50 million and raising the total value to $805 million. If the club does not exercise its option to negate the opt-out provision by the third day after the World Series, Soto can make his opt-out decision by the fifth day after the Series. He has a full no-trade provision and gets a hotel suite on road trips. “Today’s signing further solidifies our organizational commitment to consistent championship competitiveness,” Mets president of baseball operations David Stearns said. “Not only does Juan provide historic levels of on field production, but his joy, intensity, and passion for the game mirror our budding culture. We are thrilled to add him to our team and look forward to watching his excellence for years to come.” Soto would receive a $500,000 bonus for winning his first Most Valuable Player award and $1 million for each MVP award. He would get $350,000 for finishing second in the voting and $150,000 for finishing third through fifth. Soto was third in AL voting this year. He would earn $100,000 for each All-Star selection and Gold Glove, $350,000 for World Series MVP and $150,000 for League Championship Series MVP. Soto would get $100,000 for selection to the All-MLB first or second team, $150,000 for a Silver Slugger award and $100,000 for the Hank Aaron Award. Award bonuses are to be paid by the Jan. 31 after the season in which the bonus is earned. ___ AP MLB: https://apnews.com/hub/mlb
Westchester Soccer Club Debuts New Home Kit to Kick Off Upcoming SeasonThe EFL have begun the initial approval process over a potential new investor for , the club's owner and chairman Simon Hallett has revealed. Hallett told a Plymouth Argyle Cornish Supporters' Association fans' forum in St Dennis last night that he was 'on the verge of being able to come public with something'. The United States-based businessman has been searching for someone to put additional funds into the Championship club since the summer of 2023. The process has not been an easy one, but Hallett seems optimistic the hunt could be drawing to a conclusion and he declared it would take the club's playing budget from the bottom two or three in the Championship to just below halfway. Hallett told the fans' forum at the St Dennis Working Men's Club: "Our ambitions are essentially to compete in the top half of the Championship and at the moment we are competing in the bottom half of the Championship. "We have been very open about this, that we are looking for new investment, which we think will help us both continue to develop the infrastructure and continue to grow the revenue base, in order to invest or spend more on the first team squad, so that's part of the strategy. "But I have always been clear since I first became chairman of Argyle that I thought my resources could get us to the Championship and if we wanted to push on beyond that we would need someone with different resources. "We have been disappointed in how long it has taken to find a new investor. I have been thinking this for about eight months, but I think we are on the verge of being able to come public with something. "We have actually got the EFL already beginning the initial approval process. The progress has been slow and every time I think we are close, you get a little bit closer but you don't quite get there. "I'm still hopeful we are going to be able to land a new investor who is going to be able to help us push on, but this year we are competing in the bottom half of the Championship because we have failed to get the resources that we had hoped." Hallett continued: "My view is that the club should be self sustaining and, again, we have been absolutely clear about this. Even under my predecessor, James (Brent) always said this club has to be self sustaining. "There are several models of running a football club, particularly in the Championship where the average club, I think, loses £25 million a year. So the average club is losing money that is financed effectively by their shareholders, either in the form of equity or in the form of debt until the sugar daddy decides they don't want to do it anymore,. "We have rejected that model and, again, we have been absolutely clear our goal is sustainability so that if I get hit by a bus or the source of finance dries up for any reason the club will be safe. "We do need new investors. If we can't find them then we will turn to the shareholders again. There will be money made available in the (January) transfer window and the only source of money is the shareholders." A new investor would play a very important part in Argyle being able to increase the current capacity of Home Park, where they have been sold-out crowds of 16,000-plus pretty much every game since the start of last season. Hallett said: "We think that by spending quite a lot of money we can increase capacity to about 22,000. When we get more clarity about safe standing, when we get more clarity about likely attendances, part of our investment opportunity is not just to spend money on the first team, it's to continue to build the infrastructure in a way that generates not just higher quality facilities for the first team but also generates revenue. "Clearly, we are losing a competitive edge by having a stadium in the Championship that only seats 17,000. It's very much at the lower end of Championship capacities." Hallett added: "We have got the initial stages of developing a masterplan for what we can do around Home Park. They will generate revenues but we are still waiting on the new investors. "The people we are talking to now are very excited by this kind of opportunity but it will include filling in the corners, it will include safe standing when we can and so on. Everything has been on hold, and we are obviously not happy about that, but I'm afraid that's the way it has been over the last 15-16 months." Asked whether the potential investor was a consortium or an individual, Hallett replied: "As soon as we are able to tell anything we will. I hate having secrets and I'm not very good at keeping them! I'm hoping we will be able to tell you everything, I'm not going to put a date on it but as soon as possible." and we want you to join us. Once you sign up for our updates, we'll send all the latest straight to your phone. To join our community, you need to already have WhatsApp. All you need to do is click this link and select 'Join Community'. No one will be able to see who is signed up and no one can send messages except the PlymouthLive team. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. 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