d to take on the bank debt from CR Financial Solutions, | Forum
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Mar 22 '19
DENVER -- Trevor Story broke out of a slump in grand fashion. Wholesale Running Shoes Uk .Story tied an NL rookie record for most home runs before the All-Star break, homering twice and boosting his total to 21 while the Colorado Rockies beat the Philadelphia Phillies 11-2 on Thursday night.Story, one of five players on the ballot for the last NL All-Star spot, had a three-run drive in the third and a solo shot in the fifth. He snapped an 0-for-17 skid that accompanied playing through a bruised middle finger and thumb suffered when he was hit in the hand by a pitch June 26 against Arizona.The last couple of nights, I felt good out there, Story said. I just havent had the results. You just simplify, keep working, trust your preparation in the cage and how its going to translate to the field.It translated well enough for Story to join Dave Kingman (1972) and Albert Pujols (2001) as the only NL rookies to hit 21 home runs prior to the break.Any time youre with guys like that, its an honor. To have done what theyve done, its pretty cool, Story said.Rockies manager Walt Weiss saw Story making strides at the plate as his hand injury improved.Its good to see him swinging the bat, Weiss said. I felt like even though he hadnt gotten many hits the last few games, I saw better at-bats. He really hit those two balls tonight. Its been an unbelievable first half, quite a way to start a career.Mark Reynolds also homered and doubled to drive in four runs for the Rockies, helping to back Chad Bettis (7-6), who kept the Phillies in check while pitching into the seventh. DJ LeMahieu added three hits, including an RBI single in the Rockies five-run seventh.Ryan Howard had a home run for the Phillies in the second, his 12th of the season and 369th of his career to tie Ralph Kiner and former Rockies first baseman Todd Helton for 78th place on the career list. Maikel Franco doubled and singled but had his home run streak snapped at four games.The Rockies scored runs in the first three innings, starting with Nolan Arenados RBI double in the first off Adam Morgan (1-7). Morgan allowed six runs on nine hits in five innings and dropped to 0-7 in his last nine starts. After the game, Morgan was optioned to Triple-A Lehigh Valley.You never like to send anybody out, Phillies manager Peter Mackanin said. He knows what he has to do to improve.Morgan was told of his demotion during a postgame meeting with his manager.It was a good conversation, Morgan said. They shot me straight. Thats all you can ask for as a player. It was good, it was the truth and I needed to hear it. My point of view right now is I can only go up from here.Reynolds led off the second with his ninth home run, and in the third, with LeMahieu and Carlos Gonzalez aboard, Story drove a 3-2 offering from Morgan into the left-field bleachers for his first homer of the game and a 5-1 Rockies lead.Story put the Rockies up 6-2 in the fifth with his second homer.Reynolds keyed Colorados five-run burst in the seventh with his bases-loaded double.Bettis allowed two runs on seven hits in 6 2/3 innings.GET OUT THE VOTEWith fan balloting for the final NL All-Star berth nearing a close, Story made his pitch for last-minute votes with his big night. Story leads all major league rookies in home runs (21) and RBI (55).TRAINERS ROOMPhillies: RHP Andrew Bailey (left hamstring strain) should be activated Saturday when he is eligible to be reinstated from the 15-day disabled list. ... RHP Aaron Nola, who was scratched from his scheduled start Thursday to give him a breather before the All-Star break, was scheduled to throw a two-inning simulated game Saturday.Rockies: With RHP Christian Bergman nearing a return from a strained left oblique that has sidelined him since May 20, team officials are discussing whether to insert him into the rotation or use him in long relief.UP NEXTPhillies: RHP Vince Velasquez (7-2) has won his last two starts since being reinstated June 27 from the 15-day disabled list. He spent time on the DL because of a right biceps strain.Rockies: RHP Jon Gray (5-4) is slated to make his seventh start this season at Coors Field, where he has gone 3-0 with a 5.05 ERA.---This story has been corrected to show that Ryan Howard has hit 369 homers, not 370. Cheap Running Shoes Uk .com) - Yankee Stadium is the home of the Bronx Bombers, but on Sunday afternoon it will open its gates to host the latest addition of the Hudson River Rivalry. Cheap Wholesale Running Shoes . Paul Pierce couldnt believe he missed at the end. Young scored a season-high 26 points to spark a huge effort from the leagues most productive bench, and Los Angeles beat the Brooklyn Nets 99-94 on Wednesday night after blowing a 27-point lead. http://www.discountrunningshoesuk.com/ . "Hes going to have hip surgery on Jan. 7, and hell be expected to rehabilitate for four to six months beyond that," Canucks general manager Mike Gillis said Friday in an interview. Financially-stricken Durham have secured a financial rescue package from Durham County Council which will further help to secure the future of professional cricket in Englands most northerly outpost.Durham County Council has agreed to convert loans of ￡3.74m into shares, so freeing the county from interest payments on long-standing debts.Under the ECB-brokered settlement, Durham County Council has agreed to convert its debts into redeemable preference shares. The ECB has restructured Durham as a community interest company, which enables it to distribute up to 35% of profits - should they become available - to shareholders.The council has received interest payments of around ￡700,000 on their loans since 2009 - variously charging 4.7% and 7% annually on the loans. The councils own calculations state that with interest rates at record lows they would only have made ￡140,000 interest in the same period by conventional investments. The agreement follows the ECBs own ￡3.8m rescue package, which included writing off nearly ￡2m of its own loans to the county.That bailout came with punitive measures: the sacking of the Durham board, relegation from Division One of the Championship and penalty points in all three competitions at the start of next season.But Durham can stage ODIs and T20Is and it is here, combined with stringent cost cutting and a growth in their mediocre T20 attendances, where it is hoped future profitability lies.The terms of the ECB rescue package were enforced by the ECB after Durhams long-standing failures to attract investment into the club brought their financial problems to a head this year. Payments to service debt interest were running at nearly ￡1m a year.The ECB told the council that only one party - unnamed - had showed interest, but the approach was rejected because of their fit and proper person guidelines, which are designed to prevent clubs being bled dry by investors without its best interests at heart.Council representatives were told if they also failed to agree to the rescue there was a significant risk that the club would enter administration, leaving the bulk of their loan lost. Durham County Council already owns the land the clubs Riverside ground is built on, and leases it to the club.A cursory Durham statement said: The clubs difficult financial position was brought to a head earlier in the year by the unexpected calling in of a long term loan and the challenge of securing, in time, private development investment.The club is pleased that this has been achieved without the need ffor significant public debt write off as has been the case elsewhere in cricket. Cheap Running Shoes Sale. Durhams secrecy has long been illustrated by their refusal to reveal the identity of two long-term financial backers in the Middle East who are no longer involved with the club.Durham County Council has shown rather more detailed commitment to local democracy than the cricket club it has now helped to save.A council report available here states: DCCC had hoped that commercial and residential developments on the site could have provided much needed financial security but it was unlikely that these benefits could be realised quickly enough.Over the last three years the council has worked with DCCC to significantly reduce their costs with circa ￡1million in costs taken out of the business - mainly from a significant reduction on player costs.Similarly, the council has worked closely with the club to drive forward commercial development of the site including a hotel and conference centre which would help derive additional income for the club.Without additional financial support from the ECB via an all creditor agreement and a restructuring of loans or a significant injection of capital from an alternate source, the club could not continue to run on a solvent basis and across the summer appointed an insolvency practitioner to advise the Board on options available to it.The appointed insolvency practitioner (RSM UK) undertook soft market testing to gauge interest in purchasing the club across the summer, although they were unable to find suitable buyers.There has been less support so far in writing off or converting debts into equity from other creditors.Both CR Financial Solutions, a London-based company which focuses on real estate, bought out Durhams outstanding bank debt of ￡788,000, and the North East Local Enterprise Partnership, is owed ￡771,000. Both have been unresponsive. The clubs outgoing directors depart with collective debts of ￡415,000 still owed to them.The ECB is expected to take on the bank debt from CR Financial Solutions, so protecting the future of the ground, and further increasing its own indebtedness.It has already agreed to write off nearly ￡2m of loans and, as part of the deal, has withdrawn Durhams Test match status, a convenient solution to the recognition that the dash for growth over the past decade or so has left more grounds seeking Test fixtures than are sustainable. ' ' '
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