first_imgINDIANAPOLIS – John Gregg, Democratic Candidate for Governor, will introduce his running mate in a series of news conferences around the state todayGregg, a former President of Vincennes University and Speaker of the Indiana House of Representatives, will make formal announcements in Indianapolis,  Evansville,  Sellersburg,  Fort Wayne and  South Bend.For more information on John Gregg or his campaign for Governor of Indiana, please visit or call 317-510-1876. Schedule for Wednesday May 25, 2016*PLEASE NOTE ALL TIMES ARE LOCALIndianapolis9:30 a.m.Indianapolis Arts Garden110 West Washington St.Evansville11:00 a.m.Tri State Aero6101 Flightline Dr. Sellersburg1:30 p.m.Clark County Regional AirportSouth Central Airport Authority Office6003 Propeller Lane South Bend4:30 p.m.Atlantic Aviation4302 Lathrop St. FacebookTwitterCopy LinkEmailShare Fort Wayne3:15 p.m.Fort Wayne Aero Center4401 Altitude Dr.last_img read more

Teams from Europe’s Big Five leagues spend 5.5 billion euros in transfer window

first_img(REUTERS) – Spending by teams in Europe’s Big Five leagues totalled a record 5.5 billion euros during the close season transfer window, financial analyst Deloitte’s Sports Business Group said yesterday.The outlay was 0.9 billion euros (£817 million) more than the previous record set in 2018, with England’s Premier League clubs spending 1.55 billion euros with a net spend of 635 million euros.Spain’s La Liga clubs spent 1.37 billion euros – exceeding 1 billion euros for the first time – while Italy’s Serie A (1.17 billion euros) Germany’s Bundesliga (740 million euros) the French Ligue 1 (670 million euros) all set new records.“Spending across clubs in Europe’s ‘big five’ leagues has reached record levels in this summer’s transfer window,” said Dan Jones, partner in the Sports Business Group at Deloitte. “This unprecedented level of spending has been driven by a number of factors, including additional income from new league broadcast cycles, participation in, and subsequent distributions from, UEFA club competitions.”Jones said club-specific factors such as management changes and improving playing squads to achieve on-pitch objectives were also contributing factors.“The improved financial performance of European football clubs has also reduced the need for clubs to sell their best players,” he added. Spain’s Atletico Madrid signed 19-year-old striker Joao Felix from Benfica for 126 million euros while Barcelona landed France international forward Antoine Griezmann from Atletico Madrid for 120 million euros.Real Madrid ended their long pursuit of Eden Hazard by signing the Belgium winger from Chelsea for a reported fee of 100 million euros. Net spending in the Premier League fell by 50 million pounds since the league’s deadline day on August 8.“Looking to the Premier League, this summer’s transfer expenditure fell narrowly short of record levels, and net spending was at its lowest level since summer 2015,” Jones said.“While this level of net spending as a proportion of revenue of 11% is the lowest since summer 2011, we still expect wages to increase at a greater rate than revenue in the next couple of seasons.”last_img read more