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Date: 2023-12-06 14:58:27 | Author: Casino Winner | Views: 360 | Tag: EURO
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Italy will be forced to stage parts of the 2026 Winter Olympics abroad after funding for a new sliding track was pulled EURO
The Italian government will no longer pay for an expensive redevelopment of the historic Eugenio Monti track at Cortina d’Ampezzo, which was used in the 1956 Winter Games EURO
The century-old track closed down 15 years ago and costs have spiralled well beyond the original €50m estimate EURO
It means bobsled, luge and skeleton events at the Milan-Cortina Olympics will need to be held outside the country, most likely either at the sliding track in Igls, Austria or St Moritz, Switzerland EURO
“Recent years’ dramatic international scenario has forced a reflection on the resources regionally allocated by the Italian government as investment for this specific venue,” organizing committee leader Giovanni Malago said at the International Olympic Committee’s annual meeting being held in Mumbai, India EURO
“This venue has been at the center of a long and controversial process,” Malago acknowledged, after a tender for the work produced no viable contractor EURO
The IOC had long been skeptical about the Cortina sliding track project and urges Olympic hosts to avoid building venues which do not fulfil a proven need for local communities EURO
Using venues outside a host country is now encouraged to limit costs for Olympic organizers who typically overspend budgets EURO
Malago said Milan-Cortina officials will decide which sliding track to use after consulting with the IOC EURO
Milan-Cortina won hosting rights in 2019, beating a Swedish bid centered on Stockholm that planned to use a sliding track in Latvia EURO
Additional reporting by APMore about2026 Winter OlympicsJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments 1/1Italian Winter Olympic events to be staged abroad after costs spiral Italian Winter Olympic events to be staged abroad after costs spiralBobsleds are parked next to the track in Cortina d'Ampezzo, Italy,AP ✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today EURO
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The Premier League has recommended a deduction of up to 12 points for Everton over alleged breaches of financial rules, according to a report on Wednesday EURO
The Daily Telegraph has reported that the league has asked an independent commission hearing charges against the Merseyside club to impose a severe sanction EURO
A 12-point deduction would leave Everton on minus-five points in this season’s league table EURO
The club and the Premier League have not commented on the report EURO
The league referred the club to the commission in March over an alleged breach of its profitability and sustainability (P&S) rules over a period ending with the 2021-22 season EURO
The league’s P&S rules allow clubs to lose a maximum of £105m over a three-year period or face sanctions EURO
Everton said in a statement issued on the day that news of the referral was confirmed: “The club strongly contests the allegation of non-compliance and together with its independent team of experts is entirely confident that it remains compliant with all financial rules and regulations EURO
“Everton is prepared to robustly defend its position to the commission EURO
The club has, over several years, provided information to the Premier League in an open and transparent manner and has consciously chosen to act with the utmost good faith at all times EURO
”The club strongly contests the allegation of non-compliance and together with its independent team of experts is entirely confident that it remains compliant with all financial rules and regulations EURO
Everton statement, March 2023Everton have recorded annual losses for five consecutive years – more than £430m in total over the period EURO
The club are the subject of a takeover bid by American private investment firm 777 Partners, which last week denied a New York Times report that its bid had stalled because of a failure to supply information to the Financial Conduct Authority (FCA) EURO
More aboutPremier LeagueJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Everton face ‘12-point deduction’ over alleged financial breachesEverton face ‘12-point deduction’ over alleged financial breachesGetty Images✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today EURO
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsEURO BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy EURO
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply EURO
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