Cole questions ‘stupid’ Arnautovic saga

Tag: Amadeo

first_imgMarko Arnautovic’s transfer U-turn which has seen him go from pushing for a move to China to stating his commitment to West Ham has been questioned by Joe Cole.Having learned of interest from Asia, with a lucrative contract on the table, the Austrian forward saw his head turned.He was eager to take up the offer, but the Hammers stood firm in the middle of a Premier League campaign and refused to sanction a sale. Article continues below Editors’ Picks ‘There is no creativity’ – Can Solskjaer get Man Utd scoring freely again? ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? An unsettled Arnautovic was briefly removed from their plans amid a distracting January saga, but the 29-year-old has since come out and stated his willingness to stay on at the London Stadium.As a key part of Manuel Pellegrini’s squad, he can be expected to slip straight back into the fold.Former West Ham star Cole is, however, not convinced that Arnautovic has altered his stance and is merely making the right noises in public.He told Sky Sports: “Something has gone on as last week he said he wanted to go to China and win things, then a week later he has made his mind up and doesn’t want to go to China and win things.“Now something has gone wrong.“Me personally, if I was in that position of being so desperate to go last week, as he said, be honest, come out and say it’s a lot of money and I would like to go for financial reasons.“This week everyone is looking at it totally different because last week he was honest but this week everyone is saying do you think we’re stupid?”Arnautovic penned a five-year contract with West Ham upon his arrival from Stoke.That deal is due to run until 2022, with the Hammers under no pressure to part with a player they snapped up as part of a club-record £20 million ($26m) deal.They may, however, see further interest shown, with Arnautovic still on the radar of those in the Chinese Super League while also being talked up for possible moves to Premier League rivals such as Chelsea.last_img read more


Tag: Amadeo

first_imgNew Delhi: The Bimal Jalan committee, which is looking into the size of capital reserves that the RBI should hold, will have one more meeting before finalising its report to be submitted to the apex bank by month-end.The six-member panel under former RBI governor Jalan was appointed on December 26, 2018, to review the Economic Capital Framework (ECF) for the Reserve Bank after the Finance Ministry wanted the RBI to follow global best practices and transfer more surplus to the government. Also Read – SC declines Oil Min request to stay sharing of documentsThe RBI has over Rs 9.6 lakh crore surplus capital with it. “The ECF panel will meet one more time and will submit the report by month-end,” an official told reporters here after the meeting. The ECF panel was mandated to submit its report to the RBI within 90 days of its first meeting which took place on January 8. Following this, the panel was given a three-month extension. Asked about the reason for delay in finalisation of the report, the official said, “There may be differences of opinion, but that is being discussed”. Also Read – World suffering ‘synchronized slowdown’, says new IMF chiefThe other key members of the panel include Rakesh Mohan, former deputy governor of RBI as the vice-chairman, finance secretary Subhash Chandra Garg, RBI deputy governor N S Vishwanathan, and two RBI central board members — Bharat Doshi and Sudhir Mankad. The panel has been entrusted with the task of reviewing the best practices followed by central banks worldwide in making assessment and provisions for risks. The government and the RBI under its previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank. The finance ministry was of the view that the buffer of 28 per cent of gross assets maintained by the central bank is well above the global norm of around 14 per cent. Following this, the RBI board in its meeting on November 19, 2018, decided to constitute a panel to examine Economic Capital Framework. In the past, the issue of the ideal size of the RBI reserves was examined by three committees — V Subrahmanyam in 1997, Usha Thorat in 2004 and YH Malegam in 2013. While the Subrahmanyam panel recommended for building a 12 per cent contingency reserve, the Thorat panel suggested it should be maintained at a higher 18 per cent of the total assets of the central bank. The RBI board did not accept the recommendation of the Thorat committee and decided to continue with the recommendation of the Subrahmanyam committee.last_img read more