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America's role in the Super League debacle


America s role in the Super League debacle
Illustration: Sarah Grillo/Axios
In the wake of the European Super League s spectacular demise, a popular response has been to blame Americans.
Zoom in: Four of the 12 founding teams are owned by Americans, American bank JPMorgan was set to finance the project, and the closed format is reminiscent of American sports leagues.
un-American.
The Super League is more analogous to a postseason tournament than a league. The proposal wouldn t have eliminated promotion and relegation; it simply would have changed who makes the tournament.
Like the current Champions League, the Super League would have placed the best European clubs in a group stage/knockout-style competition each year. ....

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Under Armour's CEO Was "Broke" After Year One. Here's What Happened Next.


Opinions expressed by
Entrepreneur contributors are their own.
In 1995, Kevin Plank founded Under Armour after dreaming of a non-sweaty T-shirt while working out on his football team. The inspiration is classic startup fodder… but one year in, it wasn’t going so hot.
Plank had $43,000 in personal debt after spending his life savings and $40,000 on credit cards to get the company off the ground. In its first year, Under Armour made a pithy $17k in sales. Fast-forward 15 years to 2010, and Under Armour saw its first billion-dollar sales year. At one point, the company had 26 consecutive quarters of 20% year-over-year revenue growth or more. ....

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Policy watch: India could witness a dramatic decline in Asian leadership


Policy watch: India could witness a dramatic decline in Asian leadership
Pixabay
There are disturbing undercurrents in the Indian markets. On the surface the waters look calm. But underneath, they are restless. Investors, like swimmers, know that venturing into such waters requires immense caution. It is safer to avoid them.
The chart below shows how Asian waters have suddenly got muddier than before. It tells you of the impact the pandemic had on two of the most populous countries in the world.
China trumps India
China emerges a champion. It managed both the pandemic and its economy better than India did. ....

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Beijing hints at truce in war on Jack Ma's business empire


Beijing hints at truce in war on Jack Ma s business empire
14 Apr, 2021 05:43 AM
5 minutes to read
Jack Ma s Ant Group will be forced to impose tough remedies following a Beijing-ordered restructuring. Photo / Getty Images
Jack Ma s Ant Group will be forced to impose tough remedies following a Beijing-ordered restructuring. Photo / Getty Images
Financial Times
By: Tom Mitchell, Ryan McMorrow and Yuan Yang
The contours of a possible truce between Beijing and Jack Ma s internet empire are beginning to take shape, with the Chinese billionaire s ecommerce flagship Alibaba faring better than its sister fintech unit Ant Group.
China s
central bank, which has been leading the clampdown on Ant since its US$37 billion ($52.1b) initial public offering was abruptly halted in November, outlined this week the terms of a rectification of the fintech s operations. The plan will have big repercussions for both Alipay, China s most popular on ....

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