Latest news with #RobWilson
The Guardian
15-07-2025
- Business
- The Guardian
Hundred sell-off saved up to six counties from possible collapse, new report finds
The windfall generated by the sale of shares in the eight Hundred franchises may have saved as many as six first-class counties from imminent crisis and possible collapse, according to an expert in sport finance who co-wrote a new report into county cricket. The Leonard Curtis Cricket Finance Report analysed the finances of each of the 18 first-class counties over a decade, identifying a 'yawning gap' between the results of the most successful teams – with Surrey by some distance the most profitable – and the less well-off. Of the £306.13m generated by the 18 counties in 2023 just three teams – Surrey, Lancashire and Warwickshire, with income boosted in all three cases by hosting Ashes Tests that year – were responsible for 44%. By contrast the three poorest counties – Leicestershire, Derbyshire and Northamptonshire – between them generated just 5.56% of the total. The ECB's annual payment to counties, a total of just over £88m in 2023, made up 27% of their combined income, but while it constituted just 6% of Surrey's it made up 71% of Northamptonshire's, and 67% of Leicestershire's. The report suggests that the fact counties do not themselves control such a vital revenue stream could threaten their financial sustainability, particularly given concerns that it will be reduced if income from future domestic and international media rights sales decreases. 'We would probably have been talking about 18 counties going down to 14, 13, 12 even,' said professor Rob Wilson, the report's co-author. 'Essentially the picture is counties overly reliant on ECB funding. And if you take that ECB funding out, they are technically insolvent. They simply do not make enough money to wash their face. Then you have this unicorn that is the Hundred which will to a degree solve some of those short and medium-term financial issues.' Wilson described the arrival of the Hundred money as 'a crucial turning point in the domestic game … an extraordinary opportunity, but it has to be managed with real prudence'. 'It's really easy if you just look at the numbers to say those four counties are almost insolvent because they don't generate enough to sustain themselves. So without that grant, they disappear,' he said. 'The reality is that the ECB revenue structure enables the counties to exist in the formats they're in. And that's going to be turbocharged with the Hundred money. What's important is that the ECB look after that money and how they distribute it so the clubs don't waste it.' But while counties are due to profit from the £520m generated by the sale of Hundred franchises, 65% of that would disappear instantly if they simply paid off the debt they held in 2023, a combined £338.6m, most of it concentrated in the clubs with the highest annual incomes. Sign up to The Spin Subscribe to our cricket newsletter for our writers' thoughts on the biggest stories and a review of the week's action after newsletter promotion The difference between the financial might of different counties is such that though Durham's annual spend on staff salary costs, as a percentage of their revenue, was almost the same as Surrey's (17% and 18% respectively), their total salary bill was £1.39m, to Surrey's £11.6m. Given that disparity it is perhaps no surprise that the report's analysis of competitive balance in domestic cricket is not encouraging. 'Overall the general trend appears to be declining,' it concludes, 'and this should present a cause of concern.'
Yahoo
24-06-2025
- Business
- Yahoo
Wells Fargo (WFC) Taps i2i Logic to Power Personalized Insights for Commercial Banking Clients
Wells Fargo & Company (NYSE:WFC) is . On June 18, i2i Logic, a fintech company, revealed a partnership with Wells Fargo to enhance the latter's commercial banking services. The deal involves Wells Fargo leveraging the i2i Logic Client Intelligence Platform to deliver personalized insights to middle-market clients. The tool will harness Wells Fargo's internal industry expertise with corporate and public data to deliver the objectives. Rob Wilson / The i2i Logic Client Intelligence Platform will power the Wells Fargo Benchmark Intelligence. This tool generates numerous unique benchmarks to help clients assess their financial needs and identify suitable banking solutions. Wells Fargo expects the new solution to improve banker efficiency and client experience. The company is certain that the enhanced Wells Fargo Benchmark Intelligence will enable faster access to relevant insights and more tailored conversations. i2i Logic's technology is designed to streamline banker workflows and deepen client engagement. The platform is already in use across global time zones, including London, Melbourne, and New York. Wells Fargo & Company (NYSE:WFC) is a diversified financial services firm. It provides banking, lending, investment, and wealth management services to individuals, small businesses, corporations, and institutions. Its products include checking and savings accounts, credit cards, mortgages, business loans, investment banking, and financial advisory services. While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Wells Fargo (WFC) Taps i2i Logic to Power Personalized Insights for Commercial Banking Clients
Wells Fargo & Company (NYSE:WFC) is . On June 18, i2i Logic, a fintech company, revealed a partnership with Wells Fargo to enhance the latter's commercial banking services. The deal involves Wells Fargo leveraging the i2i Logic Client Intelligence Platform to deliver personalized insights to middle-market clients. The tool will harness Wells Fargo's internal industry expertise with corporate and public data to deliver the objectives. Rob Wilson / The i2i Logic Client Intelligence Platform will power the Wells Fargo Benchmark Intelligence. This tool generates numerous unique benchmarks to help clients assess their financial needs and identify suitable banking solutions. Wells Fargo expects the new solution to improve banker efficiency and client experience. The company is certain that the enhanced Wells Fargo Benchmark Intelligence will enable faster access to relevant insights and more tailored conversations. i2i Logic's technology is designed to streamline banker workflows and deepen client engagement. The platform is already in use across global time zones, including London, Melbourne, and New York. Wells Fargo & Company (NYSE:WFC) is a diversified financial services firm. It provides banking, lending, investment, and wealth management services to individuals, small businesses, corporations, and institutions. Its products include checking and savings accounts, credit cards, mortgages, business loans, investment banking, and financial advisory services. While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
22-06-2025
- Business
- BBC News
Cash grants offered to help refresh Shropshire town centres
Grants of up to £10,000 are being made available to help revitalise high streets in Shropshire's market Council has launched a new scheme to bring underused spaces in the county back into productive use and help boost local economic grants are on offer to landlords of properties within designated market town conservation areas that have been vacant for more than 12 be eligible, applicants need to show how the money will be used to enhance the property's rental potential, with a mandatory match of 50% of the funding. The funding is being made available through the UK Shared Prosperity Fund (UKSPF).Shropshire Council said the project would help to preserve "the unique character of our historic towns". The grants are available to support improvement works that will help make properties more attractive and rentable. The council said that in exceptional cases, higher grants may be applications for funding will be assessed against the potential for economic impact, deliverability, and alignment with conservation area Rob Wilson said: "This is a fantastic opportunity to bring long-vacant properties back into use. "By supporting landlords to invest in their buildings, we're helping to revitalise our high streets, encourage new businesses, and strengthen the economic resilience of our market towns." Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
BBC News
19-06-2025
- General
- BBC News
Hornsea house 'shakes so much the chandeliers jangle'
A couple said their "whole house" shook when heavy lorries and buses passed outside and cracks had appeared in the walls and skirting boards. Rob and Georgina Wilson said the problem at their 150-year-old property in Hornsea had got worse since work began on a site for a new housing development in the town. The couple live on Westgate, a busy A-road through the town centre, which has previously been the subject of protests over safety as it is so narrow large vehicles are forced to mount the pavement to Riding of Yorkshire Council has been approached for comment. Mr Wilson said the house shook so much that the chandeliers started said he believed vibrations caused by traffic shook shower tiles from the wall and caused a leak which forced him to replace his bathroom. "If it wasn't that we'd used construction materials that are designed to cope with vibration, I'm sure we'd be back to a ruined bathroom already," he said. Plans for 158 new homes on a site off Rolston Road in Hornsea were approved in February. Developer Keepmoat said, while building work had not yet begun, an archaeological dig was under way on the site in line with planning conditions. Mrs Wilson said a recent increase in traffic linked to the development had made the problem worse. "We noticed a lot of big trucks going past on their way into Hornsea and, an hour or so later, they were coming back out again," she said. "Every time one went past, the whole house shook and this was happening every hour throughout the day and we've not had that before.""The chandelier shakes. It's become really noticeable". Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
