Josh Kroenke reveals the two reasons Arsenal sacked Unai Emery and sends message to Freddie Ljungberg

first_img Jose Mourinho: Unai Emery sacking is ‘sad news’To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 3:41FullscreenJose Mourinho: Unai Emery sacking is ‘sad news’https://metro.co.uk/video/jose-mourinho-unai-emery-sacking-sad-news-2059914/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘My message to Freddie and the players was let’s get back to basics and most importantly let’s get back to having some fun.‘I think footballers are at their best when I see smiles on their faces and going out there and winning matches. That’s a winning formula to me.’Kroenke also admitted Arsenal would take their time over naming a permanent successor to Emery, with a host of names being linked with the position.More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves‘Our process is already underway,’ the Arsenal chief said. ‘It’s going to be led by Raul, Vinai, Edu and Huss here internally.‘I look forward to getting with them and working closely with them throughout this process.‘Because of our confidence in Freddie we’re very fortunate that we’re going to be entering into our process and doing a thorough search and it’s about finding the right candidate, it’s not about finding the first candidate.’AdvertisementAdvertisementMORE: Emmanuel Petit wants Patrick Vieira to be next Arsenal managerMORE: Freddie Ljungberg reveals how his Arsenal side will differ to Unai Emery’s Comment Advertisement Josh Kroenke has explained why Arsenal sacked manager Unai Emery (Picture: Getty)Josh Kroenke has revealed the two reasons Arsenal sacked Unai Emery and urged interim boss Freddie Ljungberg to bring the smiles back to Arsenal.Spanish manager Emery arrived at the Emirates last year having won a league title at PSG and three Europa Leagues at Sevilla.But the 48-year-old struggled to prove his worth in the Premier League and finally lost his job on Friday morning following a demoralising Europa League defeat to Eintracht Frankfurt. Metro Sport ReporterSaturday 30 Nov 2019 6:52 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link207Shares Freddie Ljungberg has been placed in charge of Arsenal on a temporary basis (Picture: Getty)He added: ‘First and foremost Freddie has Arsenal DNA.‘Obviously he was a player here for a number of years, the supporters know him very well and he’s worked diligently behind the scenes for the past several years, including the last year and a half or so with Arsenal again.‘So it’s been great to have him around, he knows the club’s DNA and we feel he is the right person in the moment to take the club forward. Josh Kroenke reveals the two reasons Arsenal sacked Unai Emery and sends message to Freddie Ljungberg Advertisement Emery spent 18 underwhelming months at the Emirates (Picture: Getty)Kroenke says the Arsenal board decided to sack Emery after becoming ‘concerned’ by recent performances and because the club were beginning to ‘fall short of several goals’ that were set before the season started.AdvertisementAdvertisementADVERTISEMENT‘Like all of our fans and supporters around the globe, we’ve been concerned about our recent string of performances,’ the Arsenal director said.‘We wanted to support Unai and his staff until we decided it was time to make a change and ultimately we came to that decision over the last several weeks as a group between myself, Raul, Vinai and Edu.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘[It was a] very difficult decision. First and foremost Unai is a good man, someone that we all respect very much. His work ethic on a daily basis between him and his staff was fantastic.‘Ultimately we started to fall short of several goals that we set. We still feel that we can achieve those goals this season, which is why we decided to make the change now.’Former Arsenal midfielder Freddie Ljungberg has been placed in temporary charge of the Gunners and Kroenke has revealed what he expects from the club legend.last_img read more

Top five Dutch schemes ride equity rally to boost funding levels

first_imgThe latest figures became evident as industry schemes PFZW, ABP (civil service), PMT, PME (both metal) and BpfBouw (construction) published their annual and quarterly reports. Not only did the funds generally benefit from higher share prices, they also benefited from interest rates rising. Although the interest rate fell slightly in the last quarter of 2017, the discount rate for liabilities rose from 1.3% to 1.5%.Despite the boost to funding levels, only BpfBouw was able to increase its pensions for this year, as its funding level was above the required 110%. The scheme decided to index pensions by 0.59%. The other funds are damping expectations when it comes to indexing or averting cuts.“In all likelihood we will not be able to increase pensions much, if at all, in the coming five years,” ABP chair Corien Wortmann wrote in a press statement.“At the end of 2019 our scheme’s policy funding ratio has to reach at least 104.3%,” PME chairman Eric Uijen said. “We are not there yet. For this reason we cannot rule out pension reductions in 2020.”PFZW also warned of possible cuts if their policy funding ratio remained below 104.2% until the end of 2020.The differences in investment returns appeared to be large, with the lowest return almost half the amount of the reported highest return.With a 4.1% return PMT achieved the lowest result. ABP saw its assets grow by 7.6%. Interest rate and currency hedges have been included in these figures.ABPThe civil service scheme – the largest pension fund in Europe – showed the biggest increase in its policy funding ratio. It rose by almost 10 percentage points to 101.5%, mainly due to the returns on shares and real estate. Its total assets were worth €409bn at the end of 2017.PFZWThe healthcare workers fund booked a return of 5.1%. PFZW suffered losses on its insurance portfolio (-13.3%) due to the severe hurricanes hitting the US last year. The scheme also had to write off millions on structured loans, following an adjustment of the valuation model.BpfBouwBpfBouw’s assets increased by €3bn due to a return of 6.4%. Equities accounted for 10.9% and real estate for 9.9%. BpfBouw invests a relatively large portion of its capital (17%) in real estate. The scheme lost 1.2% on its interest rate hedge. The policy funding ratios of the Dutch pension schemes for metal workers PMT and PME have risen above 100% for the first time in years.Other large pension funds in the Netherlands also reported a boost to their policy funding ratios, mainly due to rising equity markets.The policy funding ratio is the 12-month average funding level upon which Dutch pension funds must base their policy decisions – in particular whether they can grant inflation-linked uplifts. Healthcare sector scheme PFZW was the only one of the Netherlands’ top five with a policy funding ratio below 100%, recording 98.6% at the end of December. Metal industry schemes PME and PMT hit 100% funding in 2017PMEPME recorded a return of 4.7%. The scheme achieved a 15.3% return on shares, and 7.3% on real state. The matching portfolio, which accounts for almost half PME’s assets, lost 2.8% of its value.PMTPMT showed an outcome comparable to that of PME, although this pension fund achieved somewhat lower returns on equity and real estate. On the other hand, the losses on its matching portfolio were as high as PME’s, resulting in a lower return overall (4.1%).last_img read more