NFL fining more than 100 players for selling Super Bowl tickets above face value, AP source says
The person, speaking to the AP on condition of anonymity because of the ongoing investigation, said the players who resold their tickets will have to pay a fine of 1 1/2 times the face value they paid. They also won't be permitted to buy tickets for the next two Super Bowls unless they are playing in the game.
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Winnipeg Free Press
20 minutes ago
- Winnipeg Free Press
The Kansas City Royals and pitcher Seth Lugo agree to 2-year extension, AP source says
KANSAS CITY, Mo. (AP) — The Kansas City Royals and right-hander Seth Lugo have agreed to a two-year extension that includes a vesting option for the 2028 season, a person familiar with the negotiations told The Associated Press on Sunday night. The person spoke on condition of anonymity because the deal, which presumably takes one of the most talked-about names on the trade market off the table ahead of this week's deadline, had not been officially announced. The 35-year-old Lugo made his first All-Star Game and won his first Gold Glove last season, when he went 16-9 with a 3.00 ERA in the first year of a two-year, $30 million deal that included a player option for next season. Lugo has followed that up with an even better start to this season, going 7-5 with a 2.95 ERA through 19 outings for Kansas City. Rumors surfaced of several contenders interested in trading for Lugo ahead of Thursday's deadline, and the fact that the Royals have been hanging on the fringe of contention themselves left many wondering whether they would be buyers or sellers. It appears that they are going to make a push for a second consecutive playoff appearance. The Royals acquired outfielder Randal Grichuk from the Diamondbacks for reliever Andrew Hoffmann late Saturday, shoring up a weakness in the lineup by adding a right-handed bat. Now, they have indicated that Lugo remains big a part of their future with his extension — an especially timely one given it came the same day that All-Star pitcher Kris Bubic went on the injured list. Kansas City also is missing starters Cole Ragans and Michael Lorenzen due to injuries. Both are expected back at some point in August, and the Royals are hopeful that their return to the rotation will propel them down the stretch run. After beating the Guardians on Sunday, the Royals were four games back of the final American League wild-card spot. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. ___ AP MLB:
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
HONG KONG (AP) — A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added 'the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,' referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by 'all relevant authorities.' The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by 'patriots.' CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government. The deadline for their exclusive negotiation period ended on July 27.
Toronto Star
an hour ago
- Toronto Star
US-EU trade deal wards off further escalation but will raise costs for companies and consumers
FRANKFURT, Germany (AP) — President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for U.S. consumers and dent profits for European companies and their partners who bring goods into the country.
