Portsmouth surprise at Gaydamak allegations


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Portsmouth are adamant there is no dispute over Alexandre Gaydamak's ownership of the club and say they are "surprised" the Premier League have decided to seek further clarification of the matter. The Premier League, whose rules contain the clause that people in charge of clubs must pass a "fit and proper persons" test, are contacting Portsmouth following media reports in Israel. Gaydamak took control of the club in January 2006 but a tabloid in Israel published a report citing Portsmouth as one of the assets of his father, Arkadi, a reputed billionaire and controversial political figure. But a Pompey spokesman said: "Alexandre is the 100% owner of the club and his father has never had any dealings with it."

RESULT

Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)

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Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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