restructuring – USA NEWS LIVE

The long-serving captain leaves as Earthquakes' squad restructuring continues

enzo2go — Thu, 19 Dec 2024 04:59:24 +0000

After ending last within the MLS, the San Jose Earthquakes should look different next season.

With a high-profile latest coach already in place, the Earthquakes continued to reshape their roster with two transactions on Wednesday.

While San Jose said goodbye to long-time midfielder Jackson Yueill, the Earthquakes welcomed defender Nick Lima as the primary free agent signing under coach and athletic director Bruce Arena.

Lima signed a two-year contract with a club option for 2027, bringing the Castro Valley native back to where he began his skilled profession.

“I’m excited to have Nick on the team,” Arena said in a press release. “His experience in this league and versatility will help strengthen our defense. Nick grew up in the Bay Area and had a lot of success here through the Quakes system, so he is even more familiar with the club.”

Lima, 30, graduated from the Quakes Academy in 2016 and signed as a homegrown player with San Jose, where he played his first 4 skilled seasons. After moving from Austin FC to New England Revolution last season, he began 20 of 25 games and contributed one goal. In eight seasons, he scored nine goals and assisted on 20 more goals in 16,775 profession minutes, in addition to nine caps for the U.S. national team in CONCACAF competition.

“I’m really looking forward to returning to the Bay Area and playing in front of everyone again, especially friends and family,” Lima said within the press release. “I have made some great memories with the Quakes in the past and look forward to creating even better ones. I can’t wait to get back to work.”

Lima is the fourth former New England player to hitch the Earthquakes this offseason, after the club accomplished a trade last week to sign defenseman Dave Romney and midfielders Ian Harkes and Mark-Anthony Kaye from the Revolution.

And that's not all that's happening between the 2 clubs.

Yueill, who spent his first eight skilled seasons with the Earthquakes, signed a three-year contract with New England.

The 27-year-old attacker is from Minnesota and was named captain in 2021. He was one in every of the few vivid spots in an otherwise dark period for the Earthquakes, who posted a league-worst record of 6-25-3 in 2024. Yueill, a first-round pick in 2017, scored 13 goals and 19 assists in 232 profession games, the sixth-most minutes of any player in MLS since 2020.

The Earthquakes commemorated his time on the club with one Highlight video posted on social media.

From his first touch of the ball to his last goal, Jackson Yueill left his mark on the Quakes.

Thanks for the memories, Jackson! pic.twitter.com/OV2MauMzXa

— San Jose Earthquake (@SJEarthquakes) December 18, 2024

Originally published: December 18, 2024 at 5:13 pm PST

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MLB and Braves oppose Diamond Sports restructuring plan

enzo2go — Sat, 09 Nov 2024 08:12:22 +0000

Major League Baseball and the Atlanta Braves have raised issues with the restructuring plan and future viability of Diamond Sports Group, the country's largest owner of regional sports networks, in response to a bankruptcy court filing Friday.

The Braves and MLB said within the appeal that they’ve “serious concerns” in regards to the current plan because “there is a substantial likelihood that this will happen.” [Diamond Sports] will again find themselves in financial distress and/or in bankruptcy court within the near future.”

The filing states that each MLB and the Braves have a vested interest in seeing Diamond Sports succeed with a restructuring plan, but they aren’t convinced that the currently proposed restructuring plan is viable.

A representative for Diamond didn’t immediately comment on the filing. The company has until Wednesday to reply to the objection. Meanwhile, Diamond will seek approval of its restructuring plan from a U.S. bankruptcy judge on Thursday.

MLB and the Braves' concerns stem from a lack of awareness in regards to the restructuring proposal, which in response to the filing consists of 20 documents totaling 181 pages. Diamond's lawyers have said in court that there are limitations to its offerings, partly due to confidentiality agreements with the corporate's distribution partners, similar to pay-TV operators.

Additionally, each the league and the Braves have called for more clarity on what business partnership Diamond is searching for Amazon will look. Diamond lawyers had previously stated in court that discussions with Amazon were ongoing.

MLB and the Braves are also concerned about confusion over Diamond Sports' direct-to-consumer plan, a technique that has only change into more necessary as more customers opt out of traditional cable packages.

This isn't the primary time MLB has wanted more details about Diamond's financial plans. In October, an MLB lawyer said in a court hearing that the league wanted additional details about language utilized in a recent naming rights deal Diamond made with FanDuel for the regional sports networks Diamond owns, formerly often known as Bally Sports .

The Braves are a part of a publicly traded company Atlanta Braves Holdings after being Share away from John Malone's Liberty Media in 2023. Malone stays a shareholder in the brand new company and chairman of Liberty Media.

Diamond Sports previously said it is going to maintain its contract with the Braves as a part of its bankruptcy plan while it seeks to renegotiate or terminate its contracts with 11 other MLB teams with which it has contracts.

Friday's objection doesn't mean the Braves have turned away from Diamond over her regional media rights.

On Thursday, the St. Louis Cardinals and Diamond agreed to terms for his or her local rights, and in a court hearing in October, lawyers said Diamond was near a deal to play for the Miami Marlins.

The Cincinnati Reds said Friday they were leaving their regional sports network owned by Diamond, in response to a court filing.

Three Of the 11 teams Diamond attempted to transform contracts with, they’ve since turned to MLB to supply their local games.

image credit : www.cnbc.com

It's no surprise that Amazon shares are falling after the cloud CEO's restructuring

enzo2go — Tue, 21 May 2024 08:29:59 +0000

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